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Saturday, 12/01/2007 1:33:52 PM

Saturday, December 01, 2007 1:33:52 PM

Post# of 78
Is INSN.pk still a big GTAP Shareholder?

Per this filing from a few years ago.
Does INSN.pk still hold these shares?
If so, that's a nice chunk of change.


http://sec.edgar-online.com/2007/05/07/0000831232-07-000022/Section28.asp



CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS



In June 2005 we entered into a five-year agreement with Insynq, Inc.
(INSN.PK) whereby it would supply our technology and communications
infrastructure and programming expertise. Insynq, Inc. is partially owned and
managed by two of our officers, John P. Gorst and M. Carroll Benton. During the
fiscal year ended September 30, 2006, the amount of services provided to Insynq
totaled $122,112.


Insynq also paid certain expenses on our behalf or advanced money to
us. On October 31, 2005, Insynq accepted to convert these expenses and advances
into an unsecured Promissory Note in the amount of $333,837, which included
interest at the rate of 7% per annum.


On July 17, 2006, we issued 447,111 shares of common stock to Insynq,
Inc. to satisfy the Note Payable and accrued interest, a partial reduction of
the trade payable and certain other amounts either advanced or paid on our
behalf. The fair value of the shares issued was $1.05 per share.


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