World Surveillance Group Inc (fka WSGI)

[Q-reus]

Here's why I'm trusting Mr. Huff:>>
... taken from a Nov. 2002 article -

To complete the initial $1 million funding round, Infinity Equity Partners, an investment company, in which Mr. Huff is a principal, is committing $350,000 to a convertible debt financing carrying a 12% interest rate. Mr. Huff said, "A company in its early stages, as GlobeTel is, should have a funding partner that it can truly trust, and I trust myself a lot."

... and from former Pres. Hinton in the same article:
Dr. Jerry Hinton, President of GlobeTel stated, "We are really gratified by the confidence level expressed by our own CEO electing to participate in funding the company."
Pay attention - Our man-in-charge "participate in funding the company". My holdings are microscopic to Mr. Huff's, but I want him to do with my money the same thing he plans to do with his own.

There have been talk about Dr. Hinton selling, where is the source, anyone? I tried here:
http://www.investopedia.com/offsite.asp?URL=http://www.sec.gov/cgi-bin/srch-edgar

Although there was a listed planned sale from the month of May: INSIDER & RULE 144 TRANSACTIONS REPORTED - LAST TWO YEARS
Date Insider Shares Type Transaction Value*
5-Jun-05 INVESTERSOURCE GROUP LLC
400,000 Direct Planned Sale $1,400,0001
1-Jun-05 INVESTERSOURCE GROUP LLC
200,000 Direct Planned Sale $700,0001
25-May-05 TERRY, MICHAEL
2,407,510 Direct Planned Sale $601,8771
19-May-05 TABOADA, PAUL E.
133,333 Direct Planned Sale $480,0001
9-May-05 HINTEN, JERROLD R.
10,000,000 Direct Planned Sale $2,500,0001


Data provided by EDGAR Online
* = Where indicated, some values are estimates.
1 = Potential proceeds estimated by the filer.
2 = Estimated based on the average of multiple prices reported.
3 = Multiple dates reported. Most recent date shown.