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Saturday, July 26, 2014 3:02:42 PM
3 things
1) the company does NOT own 9% of plants
2) the companies that got the offering of shares after Q 1 were 3!!!
3) THEREFORE are these 3 companies owning the other 30% of Warrants or not??
If not that Then the Warrant holders own 4 million shares!!And DO NOT sell This is NOT included in their 10% ownership!!
And if they did not sell the other 1.5 million shares warrants and kept them instead!! Plus got 1.75 million shares from offering. The 2 million shares from Warrants converted in Q1
They would have 5.25 million shares of the last O/S of 18 Plus million shares from Q1 after reported which Ironically is about 30%!!! They could still buy another 750 million shares on open market!!
Gets very close to buyout!!
6 million plus 4 million(these do not count till converted but have control of) = 10 million shares they have control of!! That is OVER 50% as it sits now!!
VERY VERY CLOSE TO TAKE OVER!!!
And Debt holders want to cash out!! ???? Means another offering after Q2 Comes out????
Something to think about!!!
The debt holders and the 9% owner could take this over!!
???? GOOD or BAD????
GLTA
ID
1) the company does NOT own 9% of plants
2) the companies that got the offering of shares after Q 1 were 3!!!
3) THEREFORE are these 3 companies owning the other 30% of Warrants or not??
If not that Then the Warrant holders own 4 million shares!!And DO NOT sell This is NOT included in their 10% ownership!!
And if they did not sell the other 1.5 million shares warrants and kept them instead!! Plus got 1.75 million shares from offering. The 2 million shares from Warrants converted in Q1
They would have 5.25 million shares of the last O/S of 18 Plus million shares from Q1 after reported which Ironically is about 30%!!! They could still buy another 750 million shares on open market!!
Gets very close to buyout!!
6 million plus 4 million(these do not count till converted but have control of) = 10 million shares they have control of!! That is OVER 50% as it sits now!!
VERY VERY CLOSE TO TAKE OVER!!!
And Debt holders want to cash out!! ???? Means another offering after Q2 Comes out????
Something to think about!!!
The debt holders and the 9% owner could take this over!!
???? GOOD or BAD????
GLTA
ID
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