Looks like the honest RMIL managers have a new penny stock.
The following table sets forth information as of April 15, 2003, with respect to the beneficial ownership of shares of common stock by (i) each officer and director, (ii) each person or entity known by Dynamic Imaging to be the owner of more than 5% of the outstanding shares of common stock, or to be and (iii) all officers and directors as a group. The address of each person is c/o Dynamic Imaging Group, Inc., 3428 North Ocean Boulevard, Fort Lauderdale, Florida 33308. There were 50,140,027 shares of Dynamic Imaging's common stock issued and outstanding as of April 16, 2003.
Approximate
Percentage of
No. of Outstanding Shares
Name Shares Beneficially Owned
----- ------ ------------------
Gary R. Morgan ................ 6,353,000 11.40%
Roland L. Breton .............. 7,208,791 13.00%
Mark Graham ................... 5,150,000 9.25%
Alfred Tracy .................. 3,812,195 6.85%
William D. Rath ............... 4,369,387
Gary Glava .................... 6,237,841
========== ======
All Officers and Directors
as a Group (4 persons) 22,523,986 42.40%
23
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Gary Morgan is a director of Dynamic Imaging. His ownership includes 5,453,000 shares of common stock held by NRP Partners, Inc., a corporation which Mr. Morgan serves as President. Also includes options to purchase 900,000 shares of common stock exercisable at a purchase price of $.80 per share, which options became exercisable February 28, 2002 which vest in three equal annual installments commencing February 28, 2000 and are exercisable for a period of seven years from the date of vesting.
Roland Breton is CEO/President and director. His ownership includes 1,616,666 shares of common stock held by his spouse and two children and 5,092,125 shares of the Company's common stock held by A.R. Fortune, a corporation controlled by his spouse. Mr. Breton disclaims beneficial ownership of the shares owned by his spouse, children and A.R. Fortune. His ownership also includes options to purchase 900,000 shares of common stock exercisable at a purchase price of $.80 per share, which options became exercisable February 28, 2000 which vest in three equal annual installments commencing February 28, 2002, and are exercisable for a period of seven years from the date of vesting and the options on 500,000 shares that became available in September 2002. Does not include the options on 500,000 shares that become available in September 2003.
Alfred Tracy III is Secretary and director. His ownership includes 2,812,199 shares of common stock held by his father. Mr. Tracy disclaims beneficial ownership of the shares owned by his father. His ownership also includes the options on 500,000 shares that became available in September 2002.
..an old PR...FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 29, 2002--Dynamic Imaging Group, Inc. (DIGI), a publicly traded company on the OTC:BB exchange (OTCBB:DYIG), announced today the acquisition of Silver Star Management, Inc., a Florida automobile engineering and small parts manufacturing company, and certain assets including concept vehicle prototypes from Coltrane Performance, Inc. The assets, prototypes, and intellectual property will be owned and operated by Florida Motor Corp., a wholly owned subsidiary of DIGI.
"We believe that our latest acquisition will generate a competitive advantage for DIGI," stated Roland Breton, President of Dynamic Imaging Group Inc. "Not only will Florida Motor Corp.'s innovative prototype vehicles generate excitement for DIGI's upcoming tradeshow, but its engineering department will aid in the creation of DIGI's own line of display equipment."
My question is why are these guys allowed to be officers and/or directors of a public company ?
The SEC really dropped the ball here. |
