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Most can't sell their GSAE shares ... its still restricted by most brokers.
And when the shares do become unrestricted ... watch the PPS PLUMMET.
jmo
"How do you wrap up a REVERSE SPLIT?? "
Just like this.......GSAE IS A HUGE play that most failed to see.
I'm here too ! So amazing how this went up and looks so good !!!!!! $$$$$$$$$$$$
im hearing big nyc money behind this one
Breathing some life to Gold Hill Resources after the 1 for 100...anyone with me?
Correct , the split took effect today and is the reason for the new share structure .
The LOI is supposed to close by the end of the year...if I remember correctly.
Gsae!
How do you wrap up a REVERSE SPLIT??
jmo
And a REVERSE SPLIT of 100:1
jmo
**** GSAE UPDATED SHARE STRUCTURE ****
Share Structure
Market Value1 Not Available
Shares Outstanding 633,375 a/o Nov 09, 2012
Float Not Available
Authorized Shares 200mil.
Par Value 0.001
Note-390k of the 633k O/S held by the CEO
11/9/2012 GSAE Green Star Alternative Energy, Inc. to GSAED Gold Hill Resources, Inc. 1-100 R/S
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/08/2012&mkt_ctg=ALL
This is a 1/100 and part of a reverse merger with 30 days notice to shareholders...done the correct way....please do your DD.
Cool then when eddie does one for 1000 to 1 have fun lmao. they are a good thing as long as they are 100 or less and actually have a business and no track record of pumping shares so stay right here and have fun.
pump it up as well so the others can get right on out of ehre lmao.
Seem to be a ever so popular trend these days. A r/s seems to be the thing to do in r/m's these days.
But, it's ok I'm fine here....and.....you have explained why r/s's are a good thing.I believe it's listed in the ibox on the WAVE board.
Gsae!
Good call here and yes the break is the 100 for 1 reverse split.
Hope you do not get caught too hard here and can buy the rest of the smoke and bbq to .18 now lol
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8855092
Board of Directors (i) to approve a reverse stock split of all the outstanding shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at an exchange ratio of one for one hundred (1:100) (the “Reverse Stock Split”) and an amendment to the Company’s certificate of incorporation to effect the Reverse Stock Split (the “Authorized Share Amendment”)
Nevada or Delaware company.....something about to break here?
Or just a misprint?
Gsae!
- Current report filing (8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 18, 2012
Green Star Alternative Energy, Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada 000-53627 88-0492010
(State or Other Jurisdiction of Incorporation) (Commission File No.) (I.R.S. Employer Identification No.)
1328 W. Balboa Blvd., Suite C, Newport Beach, CA 92661
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (949) 903-0468
1660 Hotel Circle North, Suite 207, San Diego, CA 92108-2808
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On September 18, 2012, the Registrant entered into a Secured Promissory Note (the “Secured Note”) and Security Agreement with Verdad Telecom, Inc. (“Verdad”), which is owned by its president Eric Stoppenhagen. Under the terms of the Secured Note, Verdad, agreed to consolidate $209,800 which consisted of an outstanding principal of $166,000 and unpaid interest of $43,800. This represented the total amount of notes outstanding as of September 14, 2012. All advances shall be paid on or before December 31, 2012 and interest shall accrue from the date of any advance on any principal amount withdrawn, and on accrued and unpaid interest thereon, at the rate of seven percent (7%) per annum, compounded annually. The Registrant’s obligations under the Secured Note will accelerate, upon written notice from Verdad, upon a bankruptcy event with respect to the Registrant, any default in the Registrant’s payment obligations or the Registrant’s breach of any provision of any material agreement between the Registrant and Verdad. The Secured Note is secured by all assets and rights of the Registrant.
A copy of the Secured Note and Security Agreement are attached to this Current Report on Form 8-K as Exhibit 10.1 and Exhibit 10.2, respectively, and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
10.1
10.2
Secured Promissory Note
Security Agreement
???
- 2 -
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
GREEN STAR ALTERNATIVE ENERGY, INC.
Date: September 18, 2012 By: /s/ Eric Stoppenhagen
Name: Eric Stoppenhagen
Title: President and Chief Financial Officer
GSAE~10Q for June 30th-
http://www.sec.gov/Archives/edgar/data/1462013/000130841112000097/gsae10q120630.htm
WOW, someone got some real cheap shares today! Just grabbed a few myself....for safe keeping!
Looks like someone has been trying to accumulate here lately. Good for you, whoever you may be.
All The Best
Here is a little something from the 10-k to chew on in the meantime. Seems as if we are on the low end of things right now with huge potential when merger is announced. Also notices the ss hasn't chanced by even 1 share in the last year. I'll put in the closet and let it surprise me when it's time.
Glta
High($) Low($)
Quarter ended 3/31/10 $ 0.30 $ 0.05
Quarter ended 6/30/10 $ 0.06 $ 0.01
Quarter ended 9/30/10 $ 0.02 $ 0.01
Quarter ended 12/31/10 $ 0.015 $ 0.006
Quarter ended 3/31/11 $ 0.055 $ 0.006
Quarter ended 6/30/11 $ 0.025 $ 0.01
Quarter ended 9/30/11 $ 0.012 $ 0.004
Quarter ended 12/31/11
This stock will do nothing until we hear of a reverse merger. THEN it will explode. I bought shares months ago and just keep a notice in my account for volume/pps increase.
All The Best
Do we go up from here
Does this form a cup and handle formation
Any thoughts???????
Got that right. I was watching 4 other stocks all day and never even bothered to look at this one (it's been so quiet lately). Never even heard a peep about it and it's up over 300%!!! Definitely be tuned in on Monday! GSAE
Everyone is sleeping I guess, huge day today with lots of room to run!!
we have not seen a penny since november, hoping this puppy runs a little
where's everybody at, up 200% and no new posts
Same to you! The owners past should be a good evaluation for future results, be here for as long as it takes along w ya
I don't think you'll be disappointed.
All The Best
R/M's are always very speculative. Never know when they will finalize.
The CEO of this is an expert at R/M's, so no problem for me to wait.
This stock is so thin! Would love something to happen with this one...soon!
This is one of those stocks which are like Christmas presents. We can buy it, wrap it, set it aside and when the R/M hits, it's like Christmas all over again!
All The Best
I'm with both of you on that one.
I've turned all my big board stocks into cash except for 2.
Yeah, most of my big board plays have been pulled and sitting on cash now...I have feeling the super committee is going to fail and I don't think the market reaction will be a good one.
the market sure up and down the DOW was up, now look at it, lol
I will if some of my other stocks play out right. I could definitely use some averaging down here. I should maybe try and spell "quiet" right too.
Pretty quite here.
Ha, I was just looking at it wondering if I should put a bid in when it went.
Good buy, for whoever got it.
All The Best
someone got lucky today on low volume wack
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GSAE ~ Green Star Alternative Energy, Inc.
On January 19, 2011, De Castro Investments Inc. (" De Castro "), and Verdad Telecom, Inc., a Nevada corporation (the " Purchaser ") entered into a Stock Purchase Agreement (the " Purchase Agreement "), pursuant to which De Castro (collectively, the " Seller ") will sell to the Purchaser, and the Purchaser will purchase from the Seller, an aggregate of 34,900,000 shares of Common Stock (the " Shares "), which Shares represent 55.1% of the issued and outstanding shares of Common Stock and Seller's debt and liabilities. The Closing occurred on January 30, 2011. The Purchaser paid the aggregate purchase price for the Shares with personal funds. There are no arrangements or understandings among members of both the former and new control groups and their associates with respect to election of directors or other matters.
We provide executive financial
management for your company
Market Value1 | $411,694 | a/o Oct 10, 2011 |
Shares Outstanding | 63,337,543 | a/o Feb 28, 2011 |
Float | 28,437,543 | a/o Dec 31, 2010 |
Authorized Shares | 200,000,000 | a/o Dec 31, 2010 |
Par Value | 0.001 |
Shareholders of Record | 8 | a/o Mar 17, 2011 |
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