Great Basin Scientific Inc. (fka GBSNQ)

[modrica]

1,987,462 is not 4.99% of s/o , s/o is 26,998,860 as of Sep,1 , 2015


also read :

"On the date of the event which requires the filing of this statement, each of the Reporting Persons may have been deemed to be the beneficial owner of more than five percent of the shares of Common Stock."

and :

"Pursuant to the terms of the Reported Warrants, the Reporting Persons cannot exercise the Reported Warrants to the extent the Reporting Persons would beneficially own, after any such exercise, more than 4.99% of the outstanding shares of Common Stock (the "Blockers"), and the percentage set forth in Row 11 of the cover page for each Reporting Person gives effect to the Blockers. Consequently, as of the filing date, the Reporting Persons were not able to exercise all of the Reported Warrants due to the Blockers."

gl

mod