World Surveillance Group Inc (fka WSGI)

[coastiretired]

Things are not always as they appear Nerd. Please read this set of SEC charges to see how the scam works and why there's a good chance that quite a few Globetel shares are out in the public that aren't supposed to be out in the public. http://www.angelfire.com/zine2/altofraud/secvusxp.pdf

1. Company Y signs consulting agreement with Neuhaus for him to pick up X amount of shares at 75% of value (although no consulting is actually performed). ***Combine the shareholder dilution with basically giving away 25% of the shares.***

2. Company Y registers the X amount of shares with SEC to mask the transactions that are about to take place.

3. Company Y issues MANY times the X amount of shares that were registered and detailed in the consulting agreement which Neuhaus can flip the next day for a no-risk profit or time the sales with insiders during the latest pump for increased profits.

4. Company Y pre-pays Neuhaus "for future services" and Neuhaus ends up paying for the shares with the proceeds he made from their sale. (he doesn't have to put down a dime for the options.)

5. Neuhaus remits some of the profits back to the company and its executives.

Check out many of the other pump & dump companies that have been associated with this scam. http://www.google.com/search?hl=en&q=s-8+mark+neuhaus+sec&btnG=Google+Search Now read Globetel's "consulting" agreement alongside the agreements with those companies. Take a look how the shareholders have fared and where those companies are today.

Also, on a side note, check out the Globetel financials. I believe there are a few such "consulting" prepayments to King listed for services he never performed. That is. . .back when Globetel used to keep its shareholders informed with financials.

It matters not what the evidence shows. . .many will still choose to continue to believe that Globetel never developed into a pump & dump operation.