For instance, after "tinkering" with Silver Horn Mining for years, they put the existing shareholders through a 150/1 reverse split to create Great West Resources which now controls most of the old WSGI/GTC assets. The split brought the share price up to a dollar. Honig and Brauser then found an excuse to issue themselves millions of dollars worth of preferred shares in the new company by claiming they were owed around $98K in interest from Silver Horn. (The 2,125,000 Series D Preferred shares they each received for their "claimed" debt convert at a 1/20 ratio for a total of 42.5 million shares each of a stock now trading at a dollar.)
"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."
