Replies to post #150311 on World Surveillance Group Inc (fka WSGI)

[runandadd]

Thanks. There are nice people here.

[be_real]

COMPLAINT FOR: (9) MANIPULATION AND FRAUD – EXCHANGE ACT
SECTION 10(B), AND 17 CFR 240.10B-5;

Although the Securities Act of 1933 prohibited fraudulent sales of securities, no regulation precluded fraudulent purchases. Rule 10b-5, issued by the SEC under section 10b of the Exchange Act, was implemented to fill this regulatory void.

??

Do they mean THIS:

(149)
Under Article 2, Section 2.1 of the EIA, La Jolla had an obligation to purchase from WSGI a “minimum” of two-hundred and fiftythousand
dollars ($250,000.00) of common stock every thirty (30) days, on a specific day of each month, pursuant to the EIA (i.e. the
Minimum Monthly Purchase Amount) beginning on the effective date of WSGI’s Form S-1.

(150)
The Form S-1 covering the resale of fifty-million (50,000,000) shares of WSGI Common Stock was declared effective on May 3,
2012, thereby requiring La Jolla to make the required Minimum Monthly Purchase Amounts to WSGI pursuant to the schedule laid out in the EIA.

(151)
As alleged above, and included herein, La Jolla consistently failed to make the required Minimum Monthly Purchase Amounts when
due pursuant to the terms of the EIA.