World Surveillance Group Inc (fka WSGI)

[rocky301]

Kevin,

the shares going to the shareholders of record will be free trading. When the registration is filed with the SEC Sanswire will issue shares to stockholders of record and they can do whatever they choose with them. The letter below signifies to me that the bulk of the shares are restricted for one year, I assume these go to the Company(Sanswire.pk) as this is probably their largest asset..

(from April 5th shareholder letter)
" First the acquisition is an asset purchase with Globetel purchasing all of the assets of Sanswire including intellectual property and key employees and no liabilities for 28 million shares. Approximately 21 million of these shares are restricted for one year and the remainder will be free trading issued to the public shareholders of Sanswire."
http://ragingbull.lycos.com/mboard/boards.cgi?board=GTEL&read=187249