Replies to post #81672 on World Surveillance Group Inc (fka WSGI)

[Mr Allan]

Check the AMEX conclusions, as to why GTEM was de-listed, to name just one source. Fraud and deception. The verdict from the SEC is still out. The lawsuits against GTEM in this latest fiasco are just beginning, imo.

GTEMs problems are mounting.

[SAMdashada]

siriuslyricher -- I agree when you say --

"Two late payments are neither fraud nor deceit."

The problem is that "Two late payments" are, according to the language in the contract a breach of the agreement and thereby give Trimax/Uli the right to the monies stated in the agreement plus any current inventory and test equipment.

[eqbeck]

siriusly, they are not late if they are paid within 7 days. Read the contract.