Of course $125000 cash is really 125,000 shares paid. Check it out in the excerpt from the last filing.
Beneficial Ownership Beneficial Ownership
of Common Stock Before Shares of Common of Common Stock
Offering Stock Offered After Offering
Name of Selling ------------------------- ---------------- --------------------
Securityholder Number Percent Number Percent
-------------- ------ ----------- ------ -------
Holders of convertiblenotes and warrants:
IEO Holdings 1,351,365 2.0% 1,721,705 0 --
Limited (1)
Hunkins Waterfront PlazaMain Street, P.O. Box 556
Charlestown, Nevis, West Indies
Summit Capital Limited 668,857 1.0% 860,853 0 --
Hunkins Waterfront PlazaMain Street, P.O. Box 556
Charlestown, Nevis, West Indies
Glacier Capital Limited 668,857 1.0% 860,853 0 --
Hunkins Waterfront PlazaMain Street, P.O. Box 556
Charlestown, Nevis, West Indies
Infinity Investors Limited 4,226,610 5.9% 5,165,114 0 --
Hunkins Waterfront PlazaMain Street, P.O. Box 556
Charlestown, Nevis, West Indies
Other Securityholders:
LKB Financial LLC 380,050(2) * 316,050(2) 64,000 *
4555 Mansell Road,Suite 300Alpharetta, Georgia 30202
Continental Capital & 325,000(3) * 325,000(3) 0 --
Equity Corporation195 Wekiva Springs RoadSuite 200Longwood, Florida 32779
Stephen B. Booke 62,500(4) * 62,500(4) 0 --
355 Lexington AvenueNew York, New York 10017
Gerald A. Amato 62,500(4) * 62,500(4) 0 --
355 Lexington AvenueNew York, New York 10017GCA Strategic
Investment Fund Limited 200,000(5) * 200,000(5) 0 --
c/o Prime Management Ltd.12 Church St.Hamilton, Bermuda HM11
-------------------
* Less than one percent (1%).
(1) IEO Holdings Limited is a wholly owned subsidiary of Infinity Emerging
Opportunities Limited.
(2) Includes 316,050 shares that may be acquired upon exercise of outstanding
warrants.
(3) Includes 125,000 shares acquired for consulting services and 200,000
shares that may be acquired upon exercise of outstanding options.
(4) Represents 62,500 shares that may be acquired upon exercise of
outstanding options.
(5) Represents 200,000 shares that may be acquired upon exercise of outstanding
warrants. |
