Replies to post #2536 on World Surveillance Group Inc (fka WSGI)

[grapes]

z,

This was an amendment to the previous. They just got more investment from one of the investors of the original placement I believe.

From the 8k:
On May 9, 2005, the company entered into a private placement with a number of accredited investors whereby these investors have purchased $2,357,959.96 in Globetel's Common Shares at a price of $0.1924 per share, with Warrants to purchase up to an additional 8,578,856 shares of common stock of the Registrant at an exercise price of $.3395 per share.

On May 23, 2005, the Company accepted an additional subscription from one of the initial investors increasing their investment by $250,000 on the same terms and conditions as all the other investors.