Replies to post #7668 on World Surveillance Group Inc (fka WSGI)

[pitbull74]

these guys have to live life as we do, and gtel has made them a few bucks as well right? let the +/- day trends do there thing. i want the news first, and the pps to perform accordingly 2nd...pit

[rocky301]

kevin,

On January 25th or so the SB-2 stated 150MM shares had been converted to common from the preferred A stock that was only 62% of the total. I would find it hard to believe the rest have not converted, why wouldn't they? So that total alone is 250MM....NO INSIDERS involved with that transaction...

SB-2...26MM shares of GTEL went to SNWR holders..NO INSIDERS involved there either...the remaining 52-53MM are for the warrant holders

Last S-8 was 32MM for employees, directors and consultants..it wasn't spelled out who gets what...

So at a bare minimum 276MM shares did not involve insiders..

Yes, the insiders have to file a Form 4 when they sell, as I mentioned in previous post I am NOT talking about insiders...hope that helps some...rock