Tom, this is the list of PP holders from the SB-2. The first column is the number of shares they will own if they convert all their debentures at $.10. I added the second column, which is each PP holders original principle amount (assuming $3.0 million was used), calculated as follows: $ = #shares ($.06/share).
Amro International, S.A. (3) .... 11,224,250 ……$673,000
Endeavor Capital Fund, S.A. ( 4) ….6,050,000 ….$363,000
Basic Investments Ltd. (5) ... 25,822,640 Leshufy's co…..$1,550,000
Joseph Abergel (6) .............. 1,500,000 ….$90,000
Rebecca F. Walter (7) ........... 2,500,000 …..$150,000
Grady & Hatch and Co., Inc. (8)….. 250,000(9)…..$15,000
Cliffwood Management (10) ....... 1,000,000 ……$60,000
Michael Johnson (11) ............ 1,000,000 …….$60,000
Frank V. Pelligrini (12) ........ 1,000,000……$60,000
Total………50,346,890 shares………$3.0 million
Here are the details on who's who.
(3) The address of the principal business office of Amro International, S.A. is c/o Ultrafinance, Grossmuenster Platz 26, Zurich CH 8022
(4) The address of the principal business office of Endeavour Capital Fund, S.A. is 14/14 Divrei Chaim St., Jerusalem, Israel 9449.
(5) The address of the principal business office of Basic Investments, Ltd. is Attn: J.R. Leshufy, 215 East 68th St., Suite 32H, New York, New York 10021.
(6) The address of the principal business office of Joseph Abergel is c/o Jomark, 515 Broadway, New York, New York 10012
.
(7) The address of the principal business office of Rebecca F. Walter is 3301 Bayshore Blvd., Unit 2309, Tampa Florida 33629.
8) The address of the principal business office of Grady & Hatch and Co., Inc. is Attn: John Black, 20 Exchange Place, 49th Floor, New York, New York 10005.
(9) Represents shares that may be acquired upon exercise of warrants issued to Grady & Hatch and Co., Inc., a registered broker-dealer, for services rendered in connection with the issuance and sale of the debentures to the other selling security holders.
(10) The address of the principal business office of Cliffwood Management is Attn: Bart Hackley, 113 35th Street, Apt. B, Manhattan Beach, California 90266.
(11) The address of the principal business office of Michael Johnson is 2929 North 70th Street, Apt. 2091, Scottsdale, Arizona 85251.
(12) The address of the principal business office of Frank V. Pelligrini is 202 Shenandoah Road, Cinnaminson, New Jersey 08077.
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Any guesses on who was the converting and selling PP holder?
Regards, Suzanne
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