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GlyEco, Inc. (GLYE)

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Last Post: 4/20/2017 11:39:33 PM - Followers: 16 - Board type: Free - Posts Today: 0

 

Outstanding Shares:  21,626,241

Floating Shares:  3,034,283
One holder owns 3 million

Link to SEC filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000931799&type=&dateb=&owner=include&count=40


8-K filing describing the r/m: http://www.sec.gov/Archives/edgar/data/931799/000118518511002114/glyeco8k112311.htm

 

Reverse Triangular Merger -- Agreement and Plan of Merger
 
On November 21 2011, GlyEco, Inc. consummated a reverse triangular merger (the "Merger" or "Transaction") intended to constitute a tax-free reorganization within the meaning of Section 368 of the United States Internal Revenue Code of 1986, as amended, pursuant to an Agreement and Plan of Merger (the "Merger Agreement") with GRT Acquisition, Inc., a Nevada corporation and wholly-owned subsidiary of the Company, and Global Recycling Technologies, Ltd., a Delaware corporation and privately-held operating subsidiary ("Global Recycling").
 
GRT Acquisition, Inc. (referred to in the Merger Agreement and this Form 8-K as "Merger Sub") was incorporated in the state of Nevada on November 7, 2011 for the sole purpose of the consummating the Merger. Pursuant to the Merger Agreement, Merger Sub merged with and into Global Recycling, with Global Recycling being the surviving corporation and which resulted in Global Recycling becoming a wholly-owned subsidiary of the Company. The stockholders of Global Recycling exchanged an aggregate of 11,591,958 shares of common stock of Global Recycling, representing 100% of the issued and outstanding shares of common stock of Global Recycling on the date the Merger was consummated (the "Closing Date"), for aggregate of 11,591,958 shares of common stock of GlyEco which represented approximately 53.60% of issued and outstanding shares of common stock of GlyEco upon the consummation of the Merger. Also, pursuant to the Merger Agreement, the Company cancelled an aggregate of 63,000,000 shares of common stock held by Ralph M. Amato, the Chief Executive Officer, President and Chairman of the Company prior to the Merger. Upon the consummation of the Merger, GlyEco had an aggregate of 21,626,241 shares of common stock issued and outstanding.
 
Ralph M. Amato was the sole officer and director of the Company prior to the Merger. Upon the consummation of the Merger, Mr. Amato resigned as a director and executive officer of the Company and John Lorenz, the Chief Executive Officer, President and Chairman of Global Recycling, replaced Mr. Amato as the Chief Executive Officer, President and Chairman of Board of Directors of GlyEco, Inc. The Merger Agreement provides that James Flach, Michael Jaap, and William Miller will also be directors of the Company upon the consummation of the Merger.  The Merger Agreement also provides that Kevin Conner will be the Chief Financial Officer and Richard Geib will be the Chief Technical Officer of GlyEco, both of whom shall take office upon the consummation of the Merger.

The Merger Agreement contained customary representation, warranties and covenants.  The Merger Agreement is filed as exhibit to this Form 8-K and is incorporated by reference herein.
 
The Company was a shell company (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) immediately before the Merger. Upon the consummation of the Merger, the Company ceased being a shell company and the business and operations of Global Recycling became the primary business of the Company. The Company initially will conduct its business operations through Global Recycling.  The Company anticipates that it will merger Global Recycling into the Company promptly upon consummation of the Merger.  See Item 2.01 below for a description of Global Recycling's business.
 
Upon the consummation of the Merger, there was an aggregate of 21,626,241 shares of common stock of GlyEco, Inc. issued and outstanding, consisting of (i) 11,591,958 shares of our common stock held by the pre-merger stockholders of Global Recycling, (ii) 3,034,283 shares of our common stock held by the pre-Merger non-affiliated stockholders of EVCL, and (iii) 7,000,000 shares of our common stock beneficially held by Ralph M. Amato.

 
Redchip interview with CEO John Lorenz on Fox Business Channel Saturday February 16, 2013:



 

 


 

Three year chart...

 



 

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GLYE News: Current Report Filing (8-k) 06/19/2017 04:32:25 PM
GLYE News: Securities Registration Statement (s-1/a) 06/14/2017 06:05:26 AM
GLYE News: Statement of Changes in Beneficial Ownership (4) 06/07/2017 06:12:06 AM
GLYE News: Statement of Changes in Beneficial Ownership (4) 05/25/2017 07:16:19 PM
GLYE News: Statement of Changes in Beneficial Ownership (4) 05/22/2017 04:54:27 PM
PostSubject
#833   The filings tell all for sure. Unfortunately, Hollycoop129 04/20/17 11:39:33 PM
#832   Link to recent SEC filings, new 8k filed AUhills 04/18/17 08:44:33 AM
#831   Look at all the form 4's already this AUhills 04/17/17 11:43:21 AM
#830   Highest volume in over a year already today. AUhills 04/17/17 11:42:33 AM
#829   "stock exchange up list" is named as part AUhills 04/17/17 11:37:59 AM
#828   GLYE's current clients include big names like: Bridgestone, AUhills 04/17/17 11:31:53 AM
#827   Current NET tangible Assets are $12,288,000, and they AUhills 04/17/17 10:49:04 AM
#826   Screenshots from April 4th 8k filing: AUhills 04/17/17 10:43:48 AM
#825   I'm about to start posting some DD here AUhills 04/17/17 10:12:34 AM
#824   12 diffent SEC filings already in April... 7 AUhills 04/17/17 09:53:02 AM
#823   Ummm, is anyone else paying attention to this AUhills 04/17/17 09:50:06 AM
#822   GLYE would do well to posture the company Potomac 08/07/15 09:26:45 PM
#821   Yup, been a huge disappointment so far... jobynimble 08/07/15 08:32:06 PM
#820   Great business, but so very disappointing. I think Potomac 08/07/15 08:28:21 PM
#819   8-K filing... jobynimble 08/07/15 06:48:39 PM
#818   It is a spasm of unsecured hope, yet swampboots 07/31/15 10:41:54 AM
#817   Nice - I wish a lot of stocks nsomniyak 07/16/15 09:24:52 PM
#816   Press release from 8-K link... jobynimble 07/16/15 07:55:34 PM
#815   8-K filing out... jobynimble 07/16/15 07:52:41 PM
#814   You're welcome :-) jobynimble 06/19/15 02:48:47 PM
#813   TY Joby! onewhoknows2much 06/19/15 02:45:02 PM
#812   Link to all filings... jobynimble 06/19/15 02:37:27 PM
#811   She didn't buy them, they were issued under jobynimble 06/19/15 02:36:54 PM
#810   How many shares did she buy? onewhoknows2much 06/19/15 01:53:40 PM
#809   Another Form 4 yesterday...the CFO buying more shares. Katfish 06/17/15 08:19:18 AM
#808   That's good :-) jobynimble 05/28/15 05:45:12 PM
#807   FORM 4 just out. A Director just Katfish 05/28/15 05:22:27 PM
#806   GlyEco Reports Fiscal First Quarter Financial Results jobynimble 05/23/15 09:24:45 AM
#805   8-K filing... jobynimble 05/23/15 09:19:49 AM
#804   Form 4 filing... jobynimble 05/23/15 09:17:34 AM
#803   Glyeco has been a big disappointment so far jobynimble 05/23/15 08:48:07 AM
#802   A Form 4 just came through with another Katfish 05/23/15 07:25:07 AM
#801   Not sure. Since her husband stepped down back smallotcinvestor 04/20/15 06:19:44 PM
#800   What do you make of that? onewhoknows2much 04/20/15 06:03:23 PM
#799   New 8K out stating previous CEO's wife has smallotcinvestor 04/20/15 06:01:05 PM
#798   smallotcinvestor, Appreciate your thoughts, thank you! onewhoknows2much 04/20/15 02:00:32 PM
#797   700 new accounts in Q1 versus 500 in smallotcinvestor 04/19/15 10:06:25 PM
#796   Anyone have any opinions on the conference call onewhoknows2much 04/19/15 09:26:54 PM
#795   Conference call today at 4:15pm ET. The new smallotcinvestor 04/17/15 01:42:43 PM
#794   The 13D just filed seems like it allows smallotcinvestor 04/16/15 06:12:31 PM
#793   (App doesn't provide for new posts, only replies) smallotcinvestor 04/11/15 05:24:14 PM
#792   This will certainly pop back and forth. Wonder jayassets 02/20/15 03:46:35 AM
#791   I applaud the management change. Reading the Form smallotcinvestor 02/20/15 03:05:29 AM
#790   looks vulnerable! jlmGMT 02/16/15 02:57:45 AM
#789   Absolutely concur smallotcinvestor. onewhoknows2much 02/12/15 10:37:07 AM
#788   This is the investment that I can hold Jeffzmithz 02/12/15 05:23:36 AM
#787   True. Another thing that I look at is smallotcinvestor 02/12/15 02:33:38 AM
#786   One step at a time and they should onewhoknows2much 02/11/15 01:02:17 PM
#785   During the RedChip conference last month the CFO smallotcinvestor 02/11/15 12:17:29 PM
#784   Great commentary smallotcinvestor. Appreciate you sharing it. onewhoknows2much 02/11/15 09:20:32 AM
PostSubject