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Thursday, March 03, 2016 12:49:26 AM
Everyone should read this filing carefully as this information is clearly noted...
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11195761
Also what I noticed is they split each unit..
"Each Unit consisted of one-fourth of a share of Series A Convertible Preferred Stock and 20 Series A Warrants. Each one-fourth share of Series A Convertible Preferred Stock will be convertible into 10 shares of common stock and each Series A Warrant will be exercisable into one share of common stock at an initial exercise price of $1.24 per share. The Units separated into the Series A Convertible Preferred Stock and Series A Warrants as of January 25, 2016."
So when they PR a standstill for warrants, that doesn't include the convertible preferred portion that's freely convertible at any time.
Final point with reaching .01 price point that everyone is excited about... that's the price point the company needs to reach in order to trigger the minimum threshold so the warrants can kick back into high gear at 100% conversion...That's not a good thing!!
There's nothing hidden, and it's all in the filings, however unfortunately misrepresented.
GLTA
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