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Tuesday, March 12, 2013 5:49:54 AM
2255% INCREASE in shares in less than 5 years!
Share Structure from the latest filing.
"349,434,996 shares of common stock issued and outstanding;
5,100 shares of preferred stock issued and outstanding;
825,000,000 common shares authorized and 5,100 preferred stock
authorized with 207,051,205 shares in the public float;
The Corporation has two classes of shares: Common voting shares and Class A Preferred Convertible shares with super-voting rights. Each Class A Preferred Convertible share is a super-vote calculated at the rate of 71,313 common shares to 1 preferred share. Class A shares may be converted to common shares and will be paid dividends using the same methodology used to calculate super-votes
Beneficial Owners.
R. Martin Spencer 44,264,464 shares 12.66%
Elaine G. Spencer 36,609,137 shares 10.48%
Percent ownership is based on 349,434,996 shares of common stock issued and
outstanding as of December 31 2011.
R. Martin Spencer 2,937 shares 57.59%
Elaine G. Spencer 2,163 shares 42.41% "
http://www.otcmarkets.com/financialReportViewer?symbol=GOSY&id=71413
Common share equivalents:
roger - 253,710,745
elaine - 190,859,156
Total CSE's held by CEO & Wife - 444,569,901
Total O/S - 705,999,996
In the Feb 15, 2013 update, another 177.7 million shares were revealed to have been issued, bringing the total O/S (fully converted) to a whopping 883,699,996. In less than 5 years, the O/S has gone from 37,516,675 to 883,699,996, a 2255% INCREASE!
No wonder OTCMarkets.com, where GOSY trades warns investors:
GOSY GeckoSystems Intl. Corp.
Common Stock OTC Pink No Information
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