Great Basin Scientific Inc. (fka GBSNQ)

[1~Eye~Jack!!]

~ GBSN = EOD Sell-off Coming!

Yep,, either way = TIMBERrRRRrrr!

You could force them into BK if you do that...This says if you guys DONT approve the reverse split and authorized raise the company could have to file for bankruptcy. No raise the a/s GBSN would have to pay $28.5m in cash to the warrant holders. They dont have enough money.

If we do not receive stockholder approval for the Authorized Share Increase and the Reverse Stock Split is not approved or not implemented, we will have insufficient authorized shares of Common Stock to settle the Series C Warrants and we will be required to make cash payments with respect to the exercise of the Series C Warrants, which we estimate to be approximately $28.5 million. As of June 30, 2015, we had cash and cash equivalents of approximately $15.3 million and as of the date hereof we had insufficient cash and cash equivalents to settle the Series C Warrants in cash. To the extent our cash and cash equivalents are insufficient to enable us to make cash payments with respect to the exercise of the Series C Warrants, if we are unable to negotiate a settlement or restructuring with the holders of the Series C Warrants, we may be required to seek protection under the federal bankruptcy laws.