World Surveillance Group Inc (fka WSGI)

[rocky301]

lowtrade,

Re: CGI,
The ASX filings still say this is what the Company will be pursuing:
Wholesale voice telecommunications in the European and Asian markets.

That of course would fit in with the Hong Kong Gateway but I have no idea if they are connected at this time. Not long ago the CGI shareholders approved the sale of 100MM shares to raise funds(approx. $1MM) for acquisition etc to enable them to establish a game plan for trading(active business). They also have 16.5MM shares of GTEL stock that should have came off restriction at the end of year. At todays prices, 10cents for example sakes, that would be an additional $1.65MM for a total of $2.65MM to pursue acquisition/mergers to enable the stock to trade again...rock

"As of September 30, 2004, ATC's shares were not trading on the Australian Stock Exchange, nor any other exchange. However, ATC expects the shares to be relisted in the near-term. The Company intends to make ATC into an operating company, expanding the Company's presence in the Asian market, and resulting in the marketability of ATC's stock and potential income from the subsidiary. Upon the occurrence of such events, the Company may adjust the carrying value of and/or consolidate the subsidiary in accordance with generally accepted accounting principles used in the United States."
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001094596%252D04...