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Monday, January 18, 2016 9:25:21 AM
Recent Sales of Securities (Registered and Unregistered)
During the year ended September 30, 2015, the Company made the following unregistered issuances at fair value in the aggregate amount of 113,518,588 shares of common stock upon the conversion by holders of convertible notes as follows:
The Company issued 38,586,633 shares of common stock at prices ranging from $0.003 to $0.0039 upon conversion of the aggregate amount of $127,761 dollars of principal and accrued interest to the holder of a 12% convertible note.
The Company issued 35,325,699 shares of common stock at prices ranging from $0.00242 to $0.00587 upon conversion of the aggregate remaining amount of $107,814 dollars of principal and accrued interest to the holder of a 10% convertible note.
The Company issued 36,672,923 shares of common stock at $0.00235 upon conversion of the aggregate remaining amount of $86,182 dollars of principal and accrued interest by the holder of a 10% convertible note.
On February 12, 2015 the Company issued Board member Dr. Michael Russak 2,933,333 shares each of restricted common stock in exchange for his conversion of a convertible Promissory Note in the principal and accrued interest amount of $13,200.
My posts are my opinion and should not be used as investment advice. Make your own due diligence and decisions in your stock trades. GLTA
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