Replies to post #15145 on Geobio Energy (fka GBOE)

[Ransom]

2.4M + 2.8M = 5.2M Page 8; but they weren't so forthright as to come out and say 'issued 2.8M additional shares' that I have found yet.

So, their 10K can't be taking into account the huge amount of 'additional' shares issue by ST onto the market, can it? Interesting, and no mention of it in the 10K at all.

[ptcgolf]

Here's how i got the 2.8 additional

1 million to Sams and 1 million to Coloris for executive 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, $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.