World Surveillance Group Inc (fka WSGI)

[bankinonit]

Mide - Also, as I've been reading deeper into the S-1, am I correct in my interpretation that, La Jolla can't invest 500K per month (afetr the initial 91 days) unless the VWAP has increased by a minimum of .02? If so, The full debenture wouldn't come to fruition until the VWAP was at approximately .27. They also define it as the lesser of .35 or 75% of the average VWAP during the 30 days prior to the conversion. This scenario would seem to limit La Jolla's participation unless there was a significant share price increase triggering the monthly 500K investments. Please correct me if I've missed something in the interpretation. Thanks.

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