World Surveillance Group Inc (fka WSGI)

[SEBASS]

GTE Received Loans for ability of loaners to SHORT!!

DD_xprt. BINGO !!!!!

..."...My point is Huff had to give a shorting privilege to get the 2 loans which doesn't sing the same song as we got pumped into us. It quarantee's the lenders "investors" a profit at the expense of the long retail holders when they drove the price under 2.00 killing all the margined shares. The value of GTE means nothing when it is being controlled be the ability to short 10,000,000 shares. The investors took advantage of the time they have till GTE turns the corner. Also Huff has a Holding company that sold shares at the High helping the price to retreat...I'm sure everything is legal so why is Huff acting like it's such a mystery when his Holding company has been selling and the investors he allowed to short are shorting? "

That is exactly what is going on. That is how loans get completed. That kind of behavior should be criminal. Remember that officers and big time investors get preferred shares that convert to 3 times (or whatever the conversion is) more shares and they do not suffer looses like we do. Also they get those preferred shares at much lower cost. Last time i remember it was 5 cents. If you want to verify that is a true statement check out this rule:

"Instead, the largest shareholder took a powder and the company went to hedge funds and offered them the right to short as much common as they wanted to in return for lending them money. The hedge funds obliged. If the company had adopted my funding method, or if the company simply had done a huge equity offering, we would be looking at a win, not a loss. But the company made the wrong move and the stock went from being a good stock to a bad one."
http://www.thestreet.com/funds/smarter_up/10215013.html

And if you still do not believe that to be the truth then you will never believe cause as press release and Huff himself said that they will not be able to provide more info on that matter to the public. Why you ask. Because of shadiness that is going on.