World Surveillance Group Inc (fka WSGI)

[coastiretired]

8K from Great West Resources details their plans for the recently acquired WSGI assets. Plans include an Amazon storefront, Mobile Satellite Service e-commerce website, and Phipps. Sound familiar?

http://www.sec.gov/Archives/edgar/data/1058307/000141588914003904/silv8k_dec162014.htm

Great West's link to Honig and Brauser. . .You'll also find Kesner's name scattered about the filing.

"Also on October 15, 2014, the Company entered into a series of exchange agreements with Michael Brauser, Barry Honig and affiliates of Barry Honig who had previously converted outstanding debentures but who were still owed unpaid interest on the debentures in the aggregate amount of $98,274."

"Michael Brauser exchanged $65,872 in outstanding interest for 2,125,000 shares of Series D Preferred Stock and Barry Honig and affiliated parties exchanged $32,402 in outstanding interest for an aggregate of 2,125,000 shares of Series D Preferred Stock."

"The Series B Preferred is convertible into five (5) shares of the Company’s common stock."

"The Series C Preferred is convertible into ten (10) shares of the Company’s common stock."

"The Series D Preferred is convertible into twenty (20) shares of the Company’s common stock."

IHUB shows the current bid/ask at $1.00/$1.25 for GWST mostly due to the 1/150 reverse split of the shell. The 2,125,000 shares of Series D Preferred issued to Honig and Brauser for purported debts of $32K and $65K convert to 42.5 million shares each which should make them a tidy profit. They won't be able to sell all of those shares at a dollar as the price will fall as they dilute, but you can see how they make their money.