Replies to post #117306 on World Surveillance Group Inc (fka WSGI)

[coolhotzone7]

re: "How many milestones do you figure were met?

Appendix A

Employment. The Company hereby employs the Employee as its Chief Executive Officer and General Counsel, on the terms set forth below.

Duties. The Employee will report to the Board of Directors of the Company and shall lead the Company and provide the direction and vision for the Company. The CEO shall be responsible for directing the operations of the Company and interfacing with the Board of Directors to further the business of the Company and increase shareholder value."


'Milestones' before General Counsel became CEO;

http://www.sec.gov/litigation/litreleases/2007/lr20371.htm

http://www.sec.gov/litigation/litreleases/2008/lr20550.htm

http://www.sec.gov/litigation/litreleases/2009/lr21202.htm

'Vision' while CEO;
The SEC now is seeking sanctions against Sanswire for the destruction of evidence.

I believe a CEO fully cooperating would have settled with the SEC and the stock would be flying. "and increase shareholder value."