GeckoSystems Intl. Corp. (GOSY)

[Toxic Avenger]

"GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) -- reported today that over 80% of their nearly 1,400 stockholders hold 500,000 shares or less representing nearly 50% of all freely traded shares. The average holding for all GCKO investors is slightly over 88,000 shares each "

Sorry, that's simply incorrect. Let's do the math together:
"their nearly 1,400 stockholders "
"average holding for all GCKO investors is slightly over 88,000 shares each"
says that 1,400 shareholders with an averager of 88k shares each means a total O/S of 123,200,000 shares. Now the latest filing indicates somewhere between 500 and 550 million shares outstanding on 9/15/10.

So one of the statements is in fact incorrect.

Let's hope they pay more attention to detail in their business dealings.