More than likely, they are either 30% of the NEW 100M Series E Shares that have been converted for sale. GDSM CLAIMED they used these shares on trade for services that never took place.
OR: and a more plausible theory would be,
WSRA still owns 56M of the initial 100M Series E Shares. These are from a time before GDSM added ANOTHER 100M to that figure in the middle of the night, 12 months before letting the shareholders know about it, and the increase in the A/S to 2B. And those 56M all are convertible at 15:1, or 840MM Common Shares. Perhaps WSRA is finally tired of holding them and is now going to take their collective losses and run too.
Just my theory.... And yes, there are 156M Series E Shares floating around out there, not the 100M GDSM still claims in its paperwork. Which, the new CEO has admitted now twice, were falsified documents.
GLTY