Replies to post #1007 on GelTech Solutions Inc. (fka GLTC)

[LongCA]

Here is the 8k announcing the new appointment to the board (from June 6th):

https://www.otcmarkets.com/filing/html?id=13476598&guid=ZrKyU6Qfb4Zg23h

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 30, 2019, Michael Becker, director of GelTech Solutions, Inc. (the “ Company ” ) notified the Board of Directors of the Company (the “Board”) of his decision to resign as director, effective on the close of business on June 30, 2019. Mr. Becker’s decision to step down as director was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Additionally, on June 4, 2019, Mr. Warren Mosler, a large shareholder of the Company, was appointed to the Company’s Board of Directors. Mr. Mosler is an American economist , hedge fund founder, engineer, professional automotive designer, and politician. He was the founder of Mosler Automotive and a co-founder of the Center for Full Employment And Price Stability at University of Missouri-Kansas City .

Since January 1, 2017, Mr. Mosler, directly and/or indirectly through an entity he controls, has invested $4,405,000 in the Company in consideration for 23,513,258 shares of common stock and 11,756,631 two-year warrants exercisable at $2.00 per share.

There was no arrangement or understanding between Mr. Mosler and the Company or any other persons pursuant to which Mr. Mosler was selected as a director. At this time, the Board has not made any decisions regarding appointing Mr. Mosler to any Board committees.

GLTC