GenTech Holdings Inc (GTEH)

[mopartuck]

Yes, it is VERY common. When a stock offering is listed, it must include what the money will be used for. Rarely, you will see something like acquisition listed as the reason. Most of the time, it will state "day to day operations" as the reason. This could be anything from paying the employees, adding equipment or contracts to increase production, acquisitions, etc. "Day to day operations" is just the general term used with most of the filings.