Geobio Energy (fka GBOE)

[ptcgolf]

Here is the additional 2.8m shares dilution from the 2.4m post r/s

In December 2010, we issued 1,000,000 shares of our common stock to each of John Sams and David Coloris for executive consulting services.

On December 13, 2010, David M. Otto converted 400,000 shares of Series A Preferred stock to 400,000 shares of our common stock on a 1:1 basis.


In December 2010, accounts payable due to Otto Law Group were assigned to a company owned by a stockholder of the Company and we entered into convertible promissory notes in principal amount of $50,000. In December 2010, $40,000 in principal amount of the convertible promissory note was converted into 400,000 shares of common stock at the stated conversion rate of $0.10.