Replies to post #54140 on World Surveillance Group Inc (fka WSGI)

[followinsnsr]

Danielle writes: BTW...the SEC investigation is related specifically to the prior revaluation of the assets from purchases of Hotzone and Sanswire. This will affect Balance Sheet values but have no impact at all on current operations if there is a restatement.

What does the AMONG OTHER THINGS MEAN? I believe you may be correct, but maybe I am not reading this right.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Oct. 6, 2006--GlobeTel Communications Corp. (AMEX:GTE) today announced that it has learned that the Securities and Exchange Commission has issued a formal order of investigation concerning, among other things, certain accounting issues, including the treatment of certain acquisitions and the valuation of certain intangible assets

http://investor.globetel.net/phoenix.zhtml?c=67726&p=irol-newsArticle&ID=913165&highligh....

[SAMdashada]

Danielle -- I'm surprised that you would say

"This will affect Balance Sheet values but have no impact at all on current operations if there is a restatement."

Danielle, of course it will have an impact. If the values are appreciably lowered it will impact the ability of the company to achieve realistic financing.