posted
Not like I have anything really riding on this, but here is the 8-K filed 8/15
15-Aug-2005
Change in Control, Change in Directors or Principal Officers, Financi
ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT.
On August 11, 2005, Appleby Partners & Company, LLC ("Appleby") became the controlling shareholder of Green Mountain Capital Inc., a Nevada corporation (the "Registrant") by purchasing from Sydney A. Harland ("Harland") all of the 2,500,000 issued and outstanding shares of the Series A preferred stock and all of the 3,000,000 issued and outstanding shares of Series C preferred stock of the Registrant pursuant to the terms of a Stock Purchase Agreement (the "Stock Purchase Agreement") entered into between Appleby and Harland. Harland resigned from his positions as the sole officer of the Registrant and agreed to resign from his position as director of the Registrant within 10 days after the filing of a Form 14f-1; Steven W. Bingaman, who is the principal of Appleby, was appointed as the director and the sole officer of the Registrant.
The shares of the Series A Preferred Stock have voting rights of 200 to 1 and no conversion rights. The Series C Preferred Stock is nonconvertible and entitles the holder to 500 votes of the common stock of the Registrant on all matters brought before the stockholders of the Company.
The aggregate purchase price paid to Harland from Appleby for the Series A and Series C shares was $500,000 in cash. Of the purchase price, approximately $88,785 will be used to settle the outstanding debts of the Registrant. In addition, $100,000 of the purchase price is to be held in escrow for six months for the purpose of paying certain liabilities that the Registrant or Appleby may incur after the date of the Stock Purchase Agreement.
The purchase price was paid by Appleby using its own funds.
For all the terms and conditions of the Stock Purchase Agreement and the Escrow Agreement, reference is hereby made to such agreements annexed hereto as
Exhibits 99.1 and 99.2. All statements made herein concerning the foregoing agreements are qualified by references to said exhibits.
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS, APPOINTMENT OF PRINCIPAL OFFICERS.
The disclosure set forth above under Item 5.01 (Changes in Control of Registrant) is hereby incorporated by reference into this Item 5.02.
On August 11, 2005, Harland resigned from his positions as Chief Executive Officer, Chief Financial Officer and President.
On August 11, 2005, Steven W. Bingaman was appointed as a Director and as Chief Executive Officer, Chief Financial Officer, and President. Mr. Bingaman is Managing Member of Appleby Partners & Company LLC, a private investment firm. Mr. Bingaman has been Vice-President and a Director of Knowledge Transfer Systems, Inc. since November 10, 2004, and is also President and Director of Home Solutions Health, Inc., a public consumer product company. Mr. Bingaman is a graduate of Princeton University and NYU Graduate School of Business. In December 2002, Mr. Bingaman entered into a Cease-and-Desist Order with the Securities and Exchange Commission, without admitting or denying findings, to committing or causing any violations and any future violations of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5.
SECTION 9-FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99.1 Stock Purchase Agreement, dated August 11, 2005, by and between the Registrant and Appleby Partners & Company, LLC
Exhibit 99.2 Escrow Agreement, dated August 11, 2005, by and among the Registrant, Appleby Partners & Company, LLC, and Glast, Phillips, & Murray, P.C.
IP: Logged |
posted
I see the talk about reverse merger etc. on the lion board..... go to boardcentral.com and put in GMCI and check off all the bulliten boards to search.....
IP: Logged |
posted
DON'T SELL the same damn thing.... 5000 shares at .0006 and then all of a sudden the ask is .0006 and bid is .0005 they've done this all day and it goes back to .0006 and .0007 soon after......
IP: Logged |
posted
here we go.... 3 MM's at 5 there will be panic and there will be only 1 MM at 5 and more panic then it will be back up to many MM's at 5 and few at 6 let's see if I'm right..... 11:59am
IP: Logged |
posted
no not really .005 the MM's do that to mess up the charts so no one can see what's going on.... losers! you see that a lot lately on otcbb stocks.... prevents chart experts from figuring things out... but I go to bigcharts.com and sometimes they ignore those fake spikes....
IP: Logged |
posted
Steven Bingaman. - (was Vice President, Treasurer and Director of GLGT) , age 47, became the President, Treasurer and a Director of the Registrant on November 10, 2004 GLGT-- Global General Technologies, Inc.
Mr. Bingaman is Managing Member of Appleby Partners & Company LLC, a private investment firm and is also President and Director of Home Solutions Health, Inc., a public consumer product company. Mr. Bingaman is a graduate of Princeton University and NYU Graduate School of Business. In December 2002, Mr. Bingaman entered into a Cease-and-Desist Order with the Securities and Exchange Commission, without admitting or denying findings, to committing or causing any violations and any future violations of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5.
IP: Logged |
posted
get that .0005 sell out of there you loser...... you know it's going to .0009 or .001 by end of day.... 3:30 spike just like AXAI on Friday
IP: Logged |
posted
What made the stock jump in the first place? Is this a group play as no news is out and the company hasn't exactly been on the cover of time life magazine:)
IP: Logged |
posted
look at Friday's 1 day pattern on AXAI.... AXAI gained .0003 in the last 20 min and went up another .0010 today in the morning! I hope the same for GMCI tomorrow morning GMCI hasn't been below .0005 since it got to .0005 this morning.... even with no bids at .0005 earlier, no one sold at .0004 so that's good....
IP: Logged |
posted
I bought in at .0006, as I came in late in the game, hoping for the same results as AXAI. Do you think there will still be a good turn out by the end of today??
IP: Logged |
posted
Well GFYD hasn't done anything for me like i was hoping. And if this one doesn't either then I am going to toss this laptop out the window and start playing my guitar out on the streets for tips...wearing nothing but my boxers!! Although I don't know how well that would turn out considering I am in Iraq right now...
IP: Logged |
posted
stop with the sell orders at .0006 when it gets to .0006 on the bid, then sell if you want.... a jillion sells at .0006 is going to scare everyone off.... duh! if you want to sell at .0006 then put in a limit sell at .0007 or .0008 to let the price rise...
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Razz]](tongue.gif)
