World Surveillance Group Inc (fka WSGI)

[SEBASS]

121 MILLION OUTSTANDING SHARES. 40MM growth in 1 month.

is anyone concerned with the rate that outstanding share are grwoing. 121 Million OUTSTANDING SHARES. I can’t believe one month ago it was 81MM. That is increase of 40MM. By this going rate next month or at best by end of Q1 2006 GTE will reach maximum exchange allowed outstanding shares of 150MM.
Then what ANOTHER REVERSE SPLIT. OMG. DE-JA-VU all over again.
Going back in time not forward and again shares will be stolen from hard working individual investors. Huff will justify this as he did few months ago as growth plan for the company. What about YOU THE SHAREHOLDERS AND YOU ROI (Return on Investment). That’s CEO obligation. Shouldn’t that be your focus ? Also when will GTE turn profitable ? $55 Million losses were recorded over past several years. How is that somewhere near profitability ? Another failure. I remember Huff stating this:” We project that these products and services will provide such revenues and margins that the Company will show profitability by the end of the second quarter of 2005. http://www.globetel.net/about/letter011005.html