Replies to post #3697 on World Surveillance Group Inc (fka WSGI)

[lowtrade]

Rocky; It was 25% for Ingram and 75% for the new group!
Could very well be our link, at any rate it will do for now.
Gtel has made another deal through Ingrams connections in Hong Kong, is how I'm reading it, ture or not I'm happy
Thanks!

On April 27, 2004, the Company agreed to sell 1,000 shares of Series C Preferred Stock of GlobeTel Communications Corp. ("GTEL") to Tim Ingram, a Hong Kong based investment banker, for a total investment of $1 million. The Company intends to use this $1 million investment for working capital and purchase of equipment necessary to expand the Company's Stored Value Card Programs.

Tim Ingram agreed to advance $1 million to GTEL on or before June 25, August 25, October 25 and December 25, 2004. Mr. Ingram advanced $250,000 to the Company on June 25, 2004 as agreed, and 250 shares of Series C Preferred Stock were issued. Subsequently, Mr. Ingram notified the Company that he will not be funding the remaining $750,000 and instead agreed to assign the remaining amount to other groups wanting to invest in the Company.