World Surveillance Group Inc (fka WSGI)

[ColeThornton]

glow, by "this type" press release...

I mean a press release in which GlobeTel hyped some great thing they were going to accomplish in the future.

As you know they have had at least 30 of them of which none ever materialized into what they said they would. In fact there were so many of them they were actually thrown off the American Stock Exchange in part for what were called "overly promotional" press releases.

Their failure rate has been horrible for anything positive they ever said they were "going" to do.

Now don't confuse this failure rate with press releases stating things the company has already done. When they say things like...

they are being investigated by the SEC

they have received a Wells Notice from the SEC

the SEC intends to recommend civil charges against the company

they are being sued by shareholders

their 600 million dollar deal fell through

NASA has done nothing with the company

board members have resigned

they are down to seven employees

they have no defined source of funding

revenue was overstated by over 200%

Centerline has been shut down

MagicMoney was "given" away

etc... etc... etc... etc... etc... etc... etc... etc... etc...


That type of press release from this company is true just about all the time!







imho