LOL, hay carl, PM me your e-mail and lets chat about some of these things in more depth.. Initially though, when i see the values of the 75% GTEC received, primarily new class 'C' shares which were created for the transaction, The 8,000,000 athorized series 'C' on Sept 30, is from an authorized amount of a total 20,000,000 'preferred' class 'A' and 'C'. The only preferred shares that had been issued prior, were class 'A' of which 218,000 were issued or athorized.. I am having trouble accounting for all of those however, approximately 199,400 were claimed, converted and cashed in, which would be included in the float. This preferred ‘A’ converted at 43 common for 1 'A'.
Which is where I am going with the 25% on the old GTEC side this is not total capital which the old GTEC corporate members or BOD retained, it is including all of the outstanding shares. some 88 million as of record by Oct. 2 2007.
In the files there's a note saying: it was; "aproximitly 24.5%".
An authorized amount does not mean that this has been issued, it is the total a company can, 'print' or sell..
So when you take the amounts transferred to the new GTEC, common and series ‘C’ equal to a total conversion to some 300,000,000 at or near, and the issued or outstanding amount of 88 million this is where you begin to realize the amount stated in the contract, of the old GTEC's "25%", obviously shy some 12 million, however I can not find any records that this 12 million has or was issued to anybody..
So, baring any unrecorded share transaction or some I can’t find,, share values for the Old GTEC and New GTEC: this 25% represents the total of 88+/- million (reported out standing and Calculated public float, (including 22 mil, in option/warrant reserve)) and 75% 300,000,000+/-(given in exchange) respectively.
(edited twice)
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