World Surveillance Group Inc (fka WSGI)

[No Fear No Greed]

Just to make sure we're all on the same page:

Back in July 2003, Huff stated: "In the past week, I acquired 6 million shares and sold 1 million shares, for a net increase of 5 million shares."

"Acquired" does not equate to "bought on the open market". It seems pretty obvious that he "acquired" the 6 million shares as some sort of option exercise, probably at substantially below market value, and sold the 1 million shares at something closer to market prices, perhaps to cover the exercise transaction. Note that the share price was much lower at the time the Form 4 was filed, so the total funds received was minimal when compared to today's prices. Note also that there is nothing wrong with what he did, and any one of us in a similar position would likely do the same. Just please don't confuse these transactions with the bullish scenarios one might conjure if one assumed that Huff had purchased those 6 million shares on the open market. While his increased stake might have been somewhat bullish back when the share price was below three cents, these events of July 2003 have little bearing on today's outlook.

Just trying to keep us grounded...