GBOE going down the tubes as expected.
There is a crew of IHUB pumpers who seem to follow these Otto law plays which are without exception all share selling scams.
FORM 8-K
Section 1 - Registrant’s Business and Operations
Item 1.02 Termination of a Material Definitive Agreement.
On September 10, 2009, GeoBio Energy, Inc. (“GeoBio”) and EnviroPlastics Corporation (“EnviroPlastics”) terminated their share exchange agreement, entered March 3, 2009, as amended June 24, 2009 (the “Share Exchange”) pursuant to Section 9.16 of the Share Exchange, which provides for termination and unwinding of the Share Exchange in the event GeoBio that fails to provide financing of not less than $500,000.00 and acceptable and necessary due diligence. Gary M. DeLaurentiis and David Moore, who are each directors of both GeoBio and EnviroPlastics, are resigning from their positions as directors of GeoBio, as detailed below. GeoBio continues to develop opportunities in the energy, chemical and related services industries.
Section 5 - Corporate Governance and Management
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 13, 2009, Gary M. DeLaurentiis and David Moore submitted their resignation from the Board of Directors (the “Board”), and Gary DeLaurentiis as Officer, effective as of 9:00 a.m. PDT. Their resignations are in connection with the termination of the Share Exchange between GeoBio and EnvirPlastics, as set forth in Section 1.02 above, and do not arise from any disagreement on any matter relating to the Company’s operations, policies or practices, nor regarding the general direction of the Company.
