what does this mean ? when price was .005 !!, mill

what does this mean ? when price was .005 !!, millions shares issue for who ? what happen to these share in future ? can they sell in open market ? how much share CEO & CFO have ? why doesnt GETH file 10-Q until end of  2011, cause they  said everything until end of 2011 except table of financial

On December 1, 2011, the Company authorized the acceptance of the Debt Settlement Agreements dated December 1, 2011 between the Company and certain officers and creditors of the Company. The agreements called for the issue of Common Shares to settle debt. On December 1, 2011, Common Shares of the Company were selling for $0.005 per share and was agreed as the conversion price. On December 7, 2011, 105,380,000 shares of Common Stock were issued to settle $526,900 of debt. The Company issued 40,000,000 shares to the CEO of the Company to reduce $200,000 of the note due him and issued 16,000,000 shares to the CFO to reduce $80,000 in accrued salary due him. The Company also issued 49,380,000 shares for services rendered and additional debt conversion amounting to $246,900.