GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH) Files An 8-K Unregistered Sales of Equity Securities
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
Between December 6 and December 29, 2016, the Company issued
815,316 shares of the Companys common stock to non-affiliates of
the Company to convert $407,658 of debt into equity at a
conversion price of $0.50 per share. These are the shares listed
in the first group below. Between December 6 and December 20,
2016, the Company issued an aggregate of 1,879,803 shares of its
common stock to non-affiliates of the Company for other
consideration, which are included in the second group below.
SHARES ISSUED UPON CONVERSION OF DEBT:
Effective as of December 6, 2016, the Company issued 40,170
shares of the Companys common stock at a price of $0.50 per share
to one entity for the conversion of accounts payable of the
Company. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 7, 2016, the Company issued 249,520
shares of the Companys common stock at a price of $0.50 per share
to one entity for the conversion of accounts payable of the
Company. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 7, 2016, the Company issued 51,000
shares of the Companys common stock at a price of $0.50 per share
to one entity for the conversion of accounts payable of the
Company. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 19, 2016, the Company issued 70,000
shares of the Companys common stock at a price of $0.50 per share
to one entity for the conversion of accounts payable of the
Company. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 20, 2016, the Company issued 8,380
shares of the Companys common stock at a price of $0.50 per share
to one entity for the conversion of accounts payable of the
Company. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 29, 2016, the Company issued 396,246
shares of the Companys common stock at a price of $0.50 per share
to one entity for the conversion of a note payable plus its
accrued interest of the Company. These securities were issued
following an arms-length negotiation between the Company and the
recipient, and no general solicitation was used. These securities
were issued in reliance on the exemption from registration
provided by Section 4(a)(2) of the Securities Act of 1933 as not
involving any public offering.
SHARES ISSUED FOR OTHER CONSIDERATION:
Effective as of December 6, 2016, the Company issued 50,000
shares of the Companys common stock to one entity in connection
with an Investor and Public Relations Consulting Agreement. The
shares are earned on date of issue and are priced at $0.15 per
share. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 6, 2016, the Company issued 125,000
shares at a price of $0.21 of the Companys common stock and
warrants to purchase an additional 50,000 shares of the Companys
common stock to one entity in connection with an Investor and
Public Relations Consulting Agreement. The warrants are fully
vested, have an exercise price of $0.50 per share, and expire on
August 15, 2019. These securities were issued following
arms-length negotiations between the Company and the recipient,
and no general solicitation was used. These securities were
issued in reliance on the exemption from registration provided by
Section 4(a)(2) of the Securities Act of 1933 as not involving
any public offering.
Effective as of December 7, 2016, the Company issued 68,636
shares of the Companys common stock to one entity in connection
with an Investor and Public Relations Consulting Agreement. The
shares are earned on date of issue and are priced at $0.2899 per
share. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 7, 2016, the Company issued 450,000
shares of the Companys common stock to one entity in connection
with an Investor and Public Relations Consulting Agreement. The
shares are earned on date of issue and are priced at $0.22 per
share. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 7, 2016, the Company issued 466,167
shares of the Companys common stock at a price of $0.03 per share
to one entity for the conversion of a note payable plus its
accrued interest of the Company. These securities were issued
following an arms-length negotiation between the Company and the
recipient, and no general solicitation was used. These securities
were issued in reliance on the exemption from registration
provided by Section 4(a)(2) of the Securities Act of 1933 as not
involving any public offering.
Effective as of December 8, 2016, the Company issued 20,000
shares of the Companys common stock at a price of $1.00 per share
to one entity for the conversion of accounts payable of the
Company. These securities were issued following an arms-length
negotiation between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
Effective as of December 20, 2016, the Company issued 650,000
shares of the Companys common stock to one entity in connection
with an Investor and Public Relations Consulting Agreement. The
shares are earned on date of issue and were issued in
consideration of entry into the agreement and payment of $200.00.
These securities were issued following an arms-length negotiation
between the Company and the recipient, and no general
solicitation was used. These securities were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 as not involving any public offering.
EXPLANATORY NOTE
The information in Item 9.01 of this report is being furnished to
Item 9.01 of Form 8-K and General Instruction B.2 thereunder.
Such information shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section, nor shall
it be deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS
The following is filed as an exhibit to this report:
Exhibit
Number*
Title of Document
Location
Item 99
Miscellaneous
99.01
Press release dated January 10, 2017
Attached
*
All exhibits are numbered with the number preceding the
decimal indicating the applicable SEC reference number in
Item 601 and the number following the decimal indicating the
sequence of the particular document.
About GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH)
Green EnviroTech Holdings Corp., formerly Wolfe Creek Mining, Inc., is a green technology company. The Company has developed a process to produce Brent Grade type oil by using reactor conversion technology, the Green Envirotech (GETH) Process, by utilizing a mixture of waste plastic and waste tires. The conversion process uses pyrolysis technology with additional distillation applications. The GETH Process is a system to convert waste plastics and end of life tires to oil. The process uses electromagnetic pyrolysis to produce oil and syngas when processing the plastic feedstock. The process produces oil, carbon black, steel and syngas along with approximately 45% by weight yield of oil, when processing tires. The use of electromagnetic pyrolysis facilitates gasification. A full-scale plant processing tires consumes approximately 200 tons of feedstock per day and produces over 200,000 barrels of blend-stock oil yearly. GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH) Recent Trading Information
GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH) closed its last trading session up +0.027 at 0.237 with 1,500 shares trading hands.
The post GREEN ENVIROTECH HOLDINGS CORP. (OTCMKTS:GETH) Files An 8-K Unregistered Sales of Equity Securities appeared first on Market Exclusive.