|CUSIP No. 36116M106
||Page 6 of 9 pages
From July 16, 2008 through May 9, 2017, not accounting
for intervening dispositions, Global acquired 8,935,000 shares of
Common Stock for aggregate consideration of $53,152,274 in various
public and private transactions and through the exercise of
warrants to purchase Common Stock. Such transactions are set forth
on Schedule I hereto. Global obtained the funds for these purchases
through working capital.
On October 21, 2008, Apex Holding acquired 625,000 shares of
Common Stock through the exercise of warrants to purchase Common
Stock for aggregate consideration of $3,750,000.
Purpose of Transaction.
Transactions in the Common Stock
The information included in Item 3 and Item 5(c) of this Schedule
13D is incorporated herein by reference.
The Reporting Persons acquired the Common Stock reported herein for
investment purposes as part of their ordinary business and
investing activities. The Reporting Persons intend to monitor and
evaluate their investment on an ongoing basis and expect regularly
to review and consider alternative ways of maximizing their return
on such investment.
Subject to market conditions, valuations, regulatory approvals and
any other approvals, the Reporting Persons may, from time to time
and at any time, (a) acquire additional shares of Common Stock
and/or other equity, debt, notes, instruments or other securities
of the Issuer in open market transactions, privately negotiated
transactions, or otherwise, or (b) dispose of any or all of
their securities of the Issuer in open market transactions,
privately negotiated transactions, or otherwise. Further, the
Reporting Persons may engage in the transfer of shares to various
entities controlled by them for estate planning purposes.
In addition, the Reporting Persons, and/or their representatives,
intend to engage in discussions with management, the board of
directors of the Issuer (the “Board”), and shareholders of the
Issuer and other relevant parties regarding the overall tenure and
composition of the Issuer’s management and the Board, and in the
future may engage such parties regarding other potential corporate
transactions, such as: a merger or reorganization or other
transactions that could result in the de-listing or de-registration of the Common Stock;
sales or acquisitions of assets or businesses; changes to the
capitalization or dividend policy of the Issuer; or other material
changes to the Issuer’s business or corporate structure. To
facilitate their consideration of such matters, the Reporting
Persons may retain consultants and advisors and may enter into
discussions with potential sources of capital and other third
parties. The Reporting Persons may exchange information with any
such persons pursuant to appropriate confidentiality or similar
agreements. The Reporting Persons will likely take some or all of
the foregoing steps at preliminary stages in their consideration of
various possible courses of action before forming any intention to
pursue any particular plan or direction.