World Surveillance Group Inc (fka WSGI)

[JackedOnCaffeine]

Options or warrants give the holder the right to purchase shares at a specific price. These shares would be purchased from and issued by the company. Since the shares are not issued until the option or warrant is exercised, the shares are not included in outstanding share count, although the company did report the total number of shares that "would be" issued if all existing warrants and options were exercised, when they were trying to convince shareholders to vote to increase the shares authorized to 750 million shares.

The number of shares issued reported by the company would not include options and warrants that were not yet exercised. However, the number of shares held by an individual and reported to the SEC may include the number of options/warrants they hold. I'm not sure of the specifics on that matter, so perhaps someone who communicates with the company regularly can ask for some clarification.

See my previous post on this topic.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71898659