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Replies to #1829 on ZAP (fka ZAAP)

Stock_Gamer

07/18/11 12:54 PM

#1830 RE: GreenOcean #1829

In the SENIOR SECURED CONVERTIBLE NOTE AND WARRANT PURCHASE AGREEMENT, dated as of January 12, 2011 a date of March 15 was mentioned, but reverse split news has not been updated (?)

(b) The Company shall hold annual meetings of its shareholders on an annual basis. The Company shall hold the next annual meeting of its shareholders as soon as possible following the Closing, but in any event, no later than March 15, 2011. In addition to the election of directors, the Company shall seek approval for a reverse split of the Company’s common stock within a range that shall be determined by the Board and approved by the Investor, with the goal of increasing the trading price of the Company’s Common Stock to $4.00 per share or higher.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7671075-13386-134368&type=sect&TabIndex=2&companyid=6694&ppu=%252fdefault.aspx%253fcik%253d1024628