World Surveillance Group Inc (fka WSGI)

[cygnus_1]

Thanks Uncle Steve for your outstanding DD!!

Financial journalists expose Sanswire:

Please remember, GlobeTel changed its name to Sanswire.


"GlobeTel - BUSTED!"
http://tuckahoecreek.blogspot.com/2007/11/globetel-busted.html

"GlobeTel, R.I.P."
http://blog.tmcnet.com/telecom-crm/2006/07/24/globetel-rip.asp

"And there's a lot more to wonder about, like some pretty heavy selling over the past year by insiders and large shareholders."
http://www.fool.com/investing/general/2006/03/13/globetel-still-on-hold.aspx

"I understand what it looks like," says GlobeTel's in-house lawyer, Jonathan Leinwand. "It looks like just another little South Florida scam company."
http://www.browardpalmbeach.com/2007-02-22/news/beam-me-up/2

"Perhaps the most curious company connected to the Jonathan D. Leinwand name is PGS Pharmaceuticals..."
http://airshipworld.blogspot.com/2007/04/la-county-sheriffs-to-levy-and-seize.html

"In May 2008, the Securities and Exchange Commission filed a civil action against GlobeTel"
http://www.cfo.com/article.cfm/12882927/c_12881741?f=home_todayinfinance

"New York Post financial columnist Christopher Byron is calling for the American Stock Exchange to “halt trading in the shares of GlobeTel..."
http://blog.tmcnet.com/telecom-crm/2006/06/01/first-coffee-for-1june-2006-globetels-russian-partner-speaks-netsuite-.asp

"investors should assume that this deal, like the blimp announcements, is nothing but hot air."
http://www.fool.com/investing/general/2006/01/06/more-hot-air-from-globetel.aspx

"In other words, this serial cash-burning stock promortion scheme found yet another lifeline, diluting the heck out of shareholders via warrants,"
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=7047&t=01000000000103882559

"Unfortunately, at the time this article was posted, the voicemail box for GlobeTel’s press representative was full, and e-mails sent to the company were not returned."
http://www.wi-fiplanet.com/wimax/article.php/3630821

"...keep your finger off the buy button."
http://www.fool.com/investing/general/2006/07/19/globetels-dow-jones-enabler.aspx

"The real problem is that this particular deal is only one of many strange and spooky delights in GlobeTel's convoluted partnership and financing schemes."
http://www.fool.com/investing/general/2006/01/23/globetels-australian-odyssey.aspx";

More info on Sanswire's legal problems(Sanswire used to be called "GlobeTel"):

http://www.sec.gov/litigation/litreleases/2007/lr20371.htm

http://www.sec.gov/litigation/litreleases/2008/lr20550.htm

http://www.sec.gov/litigation/litreleases/2009/lr21202.htm