May 19th Preliminary Prospectus-Use of Net Proceeds-OfferingAs per Sedar filing on May 19th the Net Proceeds from the Offering ,after commissions of 6% and offering expenses of $450,000= net $7,786,109 Can ,converted to US $ @ .8257= $6,429,000 US Dollars. The Allocation for the use of net proceeds on page 11 is as follows: (1) repayment of 10 months of month principal payments on Loan of 100,000 each for a total of 1.0 mil, (2) interest on loan of 41,000, and (3) Research and development expenditures of 3,279,000(see break down below) and (4) balance of 2,109,000 for general working capital purposes. The research and Expenditures of 3,279,000 are broken down into 3 segments. Segment 1 being 1,640,000 on Virtual Reality. This market is in the Development stage and is forecasted to grow quickly over the next 18 months. The Company expects to receive Design wins over the next 3 quarters with numerous customers, each of which will require research development activity and support.(2)Segment 2 is for Display Direct and the company has allocated 984,000 for Display Direct. Customer sampling is expected later this year , with volume production expected in first half of 2016. And segment 3-"Other products"- the company has allocated 655,000, as the Company is also working with potential customers on the development of new products including HDMI 3.0 & HDMI 3.1 standards, the new Type-C USB connection and higher speed HomeTheater products expected in first half of 2016. GLTA