Replies to post #2042 on World Surveillance Group Inc (fka WSGI)

[d33c4f]

"Won't see 25% short swings after."

I've been wondering about this too

This switch could change the whole dynamic of gtel's "TA"
But longterm supports and resistances are supposed to never change. They always have relevance

I have a feeling our specialist over there will keep the game relatively the same
But maybe instead of the big intra/daily spikes we'll move through the range more slowly.

Good for some, bad for others

It'll be interesting
Now let's split already. They waiting for next week?

ANyone else find it funny they are switching on the first day of Star wars Episode 3 ;o)
May the force be with us

[rocky301]

lowtrade,

The info you posted on Caterham, Series B Preferred is incorrect...

If Caterham were to convert today with approx. 1B GTEL shares outstanding, they would receive 350MM GTEL shares

Facts....The agreement was later modified so that the total number of shares is 35,000 for the same investment convertible into the same amount of common stock as agreed upon on April 27, 2004.

Beginning on the first anniversary after the first closing date and expiring two years thereafter, Caterham and its nominees may convert (in whole or in part) its Series B Preferred Stock into GlobeTel common stock. Each 1,000 share increment of Series B Preferred Stock, as a class, issued to Caterham and its nominees shall be convertible into that number of shares of the Company's common stock equal to 1% of GlobeTel then issued and outstanding shares (the "Aggregate Conversion Shares") as determined on the date in which Caterham, or one of its nominees, first converts its Series B Preferred Stock into the Company's common stock (the "First Conversion Date"). In March 2005 the Company and Caterham amended the agreement to revise conversion rights to provide issuance of 5,542,000 shares of GlobeTel common stock. Each holder of the Series B Preferred Stock will receive shares of GlobeTel aggregate conversion shares based on his pro-rata ownership of the Series B Preferred Stock. Three years after the first closing date, all of the shares of GlobeTel's Series B Preferred Stock which have not converted into GTEL common stock will be automatically converted into shares of GlobeTel's common stock.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D05...