LXRI UPDATE:
The company continues to file....can you spell legitimate... : ).
OK GRACES shares were essentially transferred to himself at .02. Hence no loss : )
Item 2. Identity and Background
(a) The statement is filed by Sky High, LLC, an
Illinois limited liability company ("Sky High"). The
foregoing person is hereafter referred to as the "Filer".
Bradford T. Whitmore ("Whitmore") is the sole member and
holder of 100% of the membership interests of Sky High.
(b) The business address of Sky High and Whitmore is 1560
Sherman Avenue, Suite 900, Evanston, Illinois 60201.
(c) The principal business of Sky High is to invest in
securities. Whitmore's principal occupation is that of being
a general partner of Grace Brothers, Ltd.
(d) None of the persons referred to in this Item 2 has,
during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the persons referred to in this Item 2 has,
during the last five years, been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is
subject to a judgement, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) Sky High is an Illinois limited liability company.
Whitmore is a citizen of the United States.
Item 3. Source and Amount of Funds
The Common Stock purchased by Sky High was purchased
with working capital funds, with a cost of $183,820.68.
Item 4. Purpose of Transaction
This 13(D) filing is being made because Sky High has acquired
in excess of 5% of the Common Stock of the Company and it
believes this purchase represents a reasonable investment.
Sky High will continue to assess its investment in the
Company and the various alternatives available to it to
maximize shareholder value. It may, depending on market
conditions and other factors that it deems material, purchase
additional Common Stock or dispose of all or a portion of the
Common Stock that it now owns or any Common Stock it may
hereafter acquire.
OK stuff like this is not done for the heck of it people. You might want to watch this one a bit more closely...
Jeffrey |
