Replies to post #67795 on World Surveillance Group Inc (fka WSGI)

[villas]

nerd86,

No offence to you whatsoever, but could you please explain this portion of your last post, how did you come by this information ?? Who is sharing with the SEC ??


"Get real. They are sharing everything they find with the SEC and asking if they want anything else."

[futuristic4stocks]

nerd, "if you were on the Audit Committee would you announce in advance of the SEC findings?"
If the scope of the internal investigation was complete, then most likely, yes.
Of course I believe that they're sharing information with the SEC. But the SEC expects companies, audit committees, etc. to get a handle on the issues. They expect them to conduct internal investigations, share results, and take remedial actions if/when necessary. In these days of SOX regulations, I imagine it can be tedious though.

The SEC can take as long as they want, as we know from other companies examples.

Pardon my venting, and it's all jmho,

futuristic