Replies to post #16093 on World Surveillance Group Inc (fka WSGI)

[rocky301]

kevin,

saw that early this morning and you are right, nothing new. I still feel that when/if actively listed and trading with a game plan that includes Sanswire, GTE's 615MM+ shares will greatly add to our GTE asset base when incorporated into our balance sheet. Thanks...rock

(from 1at qtr 2005 filing)
"Through March 31, 2005, CGI sold a total of 6 million shares of GlobeTel stock, resulting in total net proceeds of $1,223,786. These proceeds were advanced to GlobeTel. CGI had acquired the shares during its course of business prior to becoming an affiliate of GlobeTel. GlobeTel repaid $60,000 to CGI, resulting in a net balance advanced from CGI of $1,163,786 as of March 31, 2005. An additional 1 million shares were sold in April 2005 resulting in additional net proceeds of $330,229, which were advanced to GlobeTel. The amounts advanced from CGI to GlobeTel are to be applied towards CGI's pending acquisition of certain licensing rights for Sanswire, the terms of which the parties are currently negotiating."