World Surveillance Group Inc (fka WSGI)

[jamesssss]

Hey Bob/Cutting Corners. Some good stuff above. Also check the SEC files and here are some of the harder facts to swallow, but not show stoppers:

1.5 BILLION authorized and 944 MILLION common stock.

http://finance.yahoo.com/q/ks?s=GTEL.OB
http://www.sec.gov/Archives/edgar/data/919742/000114420405003211/v012097.txt

~163 MILLION shares SOLD from Nov 12, 2004 to Jan 31, 2005. Not EVEN three months and almost 163 MILLION shares added to the O/S.

As of November 12, 2004, we had issued 781,936,419 shares of common stock, of which 781,936,419 shares were outstanding.

The Date Of This Prospectus Is January 31, 2005
944,849,146 shares of common stock were issued Prior to the Offering: and outstanding as of the date of this prospectus.

Insider Planned Sales:
http://finance.yahoo.com/q/it?s=GTEL.OB

MY SOURCES: GTEL and the SEC:
http://www.sec.gov/Archives/edgar/data/919742/000114420405003211/v012097.txt
http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp?formfilename=0001094596-04-000022&n...