The connection is that Bauer and Cohen are highly paid "consultants" to both companies. They are what you might call "major shareholders" and as such they have a certain amount of "influence". The puzzle is why Jake is trying to distance ADVR from ADGI. He talks to the many of the " players " so you know he knew this. Old Jake is okay but he seems to have a blind spot where ADVR is concerned.
From the ADVR SEC filing :
Leonard Cohen(d)..... 3,300,000 2,050,000 1,250,000 Consultant and
Affiliate of AVIX
Elliot Bauer(e)...... 4,412,000 4,412,000 0 Affiliate of AVIX
Shalom Z. Hirschman,
M.D.(f)............ 16,100,000 16,100,000 0 President and Chief Executive Officer
From the ADGI SEC filing:
AVIX and its principals were issued a total of ,500,000 (8,500,000?) shares which were included in registration statements on Form S-8, one for 1 million shares to each of Messrs. Cohen and Bauer, dated December 13, 1995 and the other for 6,500,000 shares dated February 29, 1996, which included 1,300,000 shares which were issued to and registered for Diversified Corporate Consulting Group L.C., a financial public relations firm, which AVIX engaged in furtherance of AVIX's obligation to secure for the Company a corporate and financial public relations firm to assist in the promotion of the Company and its principal business endeavors, which involve medical related products. Both such registration statements are incorporated by reference in Item 7 below. |
