GVI Security Solutions Inc. (fka GVIS)

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wow, These markets are full of CROOKS

The securities sold in the offering consisted of Common Stock at a price of $.004 per share and 6% Convertible Promissory Notes convertible into Common Stock at a conversion price of $.004 per share. Upon the anticipated final closing of an additional $250,000 investment, the Company will have issued 125,000,000 shares of Common Stock and $4,500,000 of Convertible Notes convertible into 1,125,000,000 shares of Common Stock. Assuming the full conversion of the Convertible Notes, the investors in the private placement own approximately 96% of GVI’s Common Stock, with GVI Investment Company owning approximately 48% of the Common Stock. GVI expects to effect a 50-for-1 reverse stock split so that it will have sufficient authorized shares of Common Stock to permit the conversion of the Convertible Notes.