World Surveillance Group Inc (fka WSGI)

[lowtrade]

Slyhunter

The shares shorted on the OTC:BB do NOT exist. You can't cover and buy back shares that don't exist.

I've been researching this subject for some time and sent unanswered E mails to the SEC and other agencies. My question was and is.

Who doesn't get shares, when there have been 10 - 20 - 50 - 100% more shares naked shorted (sold that do not exist) over the previous years, when shares are balanced out for an exchange move? Who pays, who looses, what happens, when many more shares were sold to investors, then issued?

When the move is made, some Gov agency will have to balance out this, and with the RS it may be harder to locate problem areas.

But if the 1,080,000,000 shares converted to 72, 000,000, don't match the +/-25,000 shareholders accounts, What happens then?

Gtel was removed from the REG SHO list, but naked shorts prior to the list starting, was grandfathered and no one still knows how many shares have been sold naked before that.

This subject has been bothering me for some time and I have just given up worrying, if I'll be the one shareholder that doesn't hold certificates in my hand, to loose out. It's like worrying about being struck by lightning.

But I have NEVER been able to get an answer. Odds are the reporting agency will just fuge the numbers and hide any problem, just like they have been doing for years, for hundreds of other company, exchange moves.

I would say though, I would expect the market makers & brokers are looking at their books, to see where they stand between each other, and any short falls between them; May cause a cover scenario, as Gtel gets closer and closer to the move date. This could help with Q1 to cause a bigger run then expected; if either starts looking for open market shares to settle between themselves.Kid of like musical chairs!