Replies to post #33933 on World Surveillance Group Inc (fka WSGI)

[followinsnsr]

Agree Squirt, Don't Blame the AMEX. It did give Internafta additional comfort. Below is the complete link to the Russian deal. It doesn't look like it was a deal made before Hotzone was acquired. It seems Globetel was taking all the credit. Interesting to read again, come up with your opinion if the AMEX forced the release. The original release was in Dec. this was updated with much confidence on GTE's part .

http://www.findarticles.com/p/articles/mi_m0EIN/is_2006_Jan_9/ai_n15990250

In addition to GlobeTel's technical expertise, Internafta gained
CONSIDERABLE ADDITINAL COMFORT from the fact that GlobeTel is an
AMEX-listed, public company with a high degree of transparency,
regulatory oversight and accountability. Also, the quality of
GlobeTel's Officers and Directors was not lost on the Investors as
they completed their technical and organizational due diligence. For
example, they were impressed by GlobeTel's unusual (for its size)
international expertise and reach. Sir Christopher Meyer, Chairman of
GlobeTel's Board of Directors and recent British Ambassador to the
United States, brings more than 30 years of Foreign Service experience
(starting with an initial posting to the former Soviet Union where he
became fluent in Russian). In his senior roles supporting Prime
Ministers Thatcher, Major and Blair - Sir Christopher's presence
clearly reinforced GlobeTel's cross-border expertise and ability to
operate comfortably in the international marketplace. Also, J.
Randolph Dumas recently joined the company as a Director and as
Executive Vice Chairman of the company, after more than two decades of
successful experience working around the world as a senior Managing
Director at Salomon Brothers International Ltd., and within his own
international private equity firm. In fact, Mr. Dumas stepped down
from his position as Managing Partner of Rubikon Partners in order to
devote more time to the achievement of GlobeTel's international
ambitions. (Rubikon Partners is a private investment group founded by
Mr. Dumas, Dr. Henry Kissinger, Thomas "Mack" McLarty III (President
Bill Clinton's first chief of staff) and Leo A. Daly III (owner of the
world's largest private architectural and engineering firm). These
individuals, along with an impressive array of other new and existing
Officers and Directors, greatly heightened our Russian partners'
awareness of GlobeTel's surprising "reach" in the areas of science,
engineering, geo-politics and cross-border business.

[WarpCore61]

Squirt, no proof?

Did you watch the video of the SHM? While answering someone's question, Huff clearly stated the news release of the Russian contract was done because AMEX considered it a material event and made them release it.

I wouldn't call it hearsay when the CEO publicly states it in a room full of company officers and investors.

[dfmantx]

squirt - that was a reply to someone else, who was saying that was one of the reasons GTE is in hot water with the AMEX, I too would hope the AMEX would not be able to use that against us.