World Surveillance Group Inc (fka WSGI)

[rhlytle]

1. Yep, it appears that you are right. He was with us & now isn't. The agreement apparently has resulted from a disagreement over unpaid salary, bonuses, incentives for performance, etc.

2. Yep, it appears that the shares will be registered & unrestricted as soon as each installment is placed in the proper brokerage account. Therefore they could be sold whenever....without any particular waiting period.

3. Depends on the total ## of shares held as to whether he would still be classed as an insider or major owner.

4. This is not a registration statement of an 'intent to sell'.