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Old 03-11-2008, 10:59 AM
greatday8 greatday8 is offline
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Join Date: Feb 2008
Posts: 19
Share structure

========== Share Structure=======================
1. Authorized Common shares: 250 Million
2. Authorized Preferred Shares: 10 Million
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DELRAY BEACH, Fla., Feb. 8 /PRNewswire-FirstCall/ -- Geotec Thermal Generators, Inc. (Pink Sheets: GETC - News), in response to numerous inquires, is confirming that its common free share position, effective, January 31, 2007 is 29,063,987 common shares, on deposit with the Depository Trust Corporation (DTC). These shares are held in electronic form and freely tradable. 9,017,429 shares are in free trading certificate form, and the balance of 187,487,323, are restricted. Of the 187,487,323 restricted shares, 184,751,992 are pledged to, and are part of the Five Year Lock-Up Agreement controlled by Bradley T. Ray, the Company's Chairman and CEO.

Further, with the completion of the 14-C authorizing the increase in authorized shares, the Company will be able to complete its obligations to White Knight Holdings, LLC and Richcorp, Inc. Those obligations are described in the Company's previous filings with the United States Securities and Exchange Commission, and those shares are also part of the Five Year Lock-Up Agreement controlled by Bradley T. Ray.
Finally, any and all shares issued from the increase in authorized shares are subject to the Five Year Lock-Up Agreement, unless and if the shares are part of a registration filed with the United Stated Securities and Exchange Commission.

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Dec 31, 07 close: SSTP .032, USSE .0175, GETC .10
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