Stonebreaker was selling during the "big slide" and was named in many of the law-suites. I have seen his consistent selling and never heard and explaination. but the sec filings, like this table below, suggest to me that his share is way down and has been for some time -- or why doesn't he show on this list:
PRINCIPAL AND SELLING STOCKHOLDERS
The following table sets forth certain information regarding the beneficial
ownership of the Company's outstanding equity securities as of September 28,
1997, after giving effect to the conversion of all of the Company's Series B
Preferred Stock into 12,500,000 shares of Common Stock based upon an assumed
conversion price of $4.00 per share and the Warrants to acquire an aggregate of
2,700,000 shares of Common Stock and the issuance of 100,000 shares of Common
Stock of the Company to Shemano in connection with the Company's sale of the
Series B Preferred, by (i) each person or entity who is known by the Company to
own beneficially 5% or more of the Company's outstanding Common Stock or Series
A-1 Preferred Stock; (ii) each director of the Company; (iii) each of the Named
Executive Officers; (iv) all current directors and executive officers of the
Company as a group; and (v) each Selling Stockholder. Both the Series A-1
Preferred and the Series B Preferred are non-voting equity securities. See
"Description of Capital Stock--Preferred Stock."
BENEFICIAL OWNERSHIP BENEFICIAL OWNERSHIP
PRIOR TO OFFERING (2) AFTER OFFERING (2)
------------------------ NUMBER OF ------------------------
PERCENT OF SHARES PERCENT OF
NAME AND ADDRESS OF STOCKHOLDER(1) NUMBER CLASS OFFERED NUMBER CLASS
------------------------------------------------------------ ----------- ----------- ----------- ----------- -----------
COMMON STOCK
5% STOCKHOLDERS
The Equitable Companies Incorporated (3).................. 13,192,382 8.0% -- 13,192,382 8.0%
787 Seventh Avenue
New York, New York 10019
DIRECTORS AND CURRENT EXECUTIVE OFFICERS
Leslie G. Denend (4)...................................... -- -- -- --
Jean-Yves F. Dexmier (5).................................. -- -- -- -- --
Robert J. Finocchio, Jr. (6).............................. 100 -- 100 *
Albert F. Knorp, Jr. (7).................................. 153,868 * -- 153,868 *
James L. Koch (8)......................................... 84,000 * -- 84,000 *
Thomas A. McDonnell (9)................................... 130,000 * -- 130,000 *
Myron (Mike) Saranga (10)................................. 226,760 * -- 226,760 *
Cyril J. Yansouni (11).................................... 40,000 * -- 40,000 *
All current directors and executive officers as a group
(14 persons) (12)....................................... 1,747,179 1.1% -- 1,747,179 1.1%
FORMER EXECUTIVE OFFICERS
Ronald M. Alvarez (13).................................... 38,750 * -- 38,750 *
D. Kenneth Coulter (14)................................... 292,701 * -- 292,701 *
Howard H. Graham (15)..................................... 5,098 * -- 5,098 *
Phillip E. White (16)..................................... 1,307,819 * -- 1,307,891 *
Edwin C. Winder (17)...................................... 311,605 * -- 311,605 *
SELLING STOCKHOLDERS
CC Investments, LDC (18)(19).............................. 3,800,000 2.3% 3,800,000 -- --
Proprietary Convertible Investment Group Inc. (18)(20).... 6,080,000 3.7% 6,080,000 -- --
Capital Ventures International (18)(21)................... 5,320,000 3.2% 5,320,000 -- --
The Shemano Group Inc. (22)............................... 100,000 * 100,000 -- --
SERIES A-1 PREFERRED STOCK
5% STOCKHOLDERS
Fletcher International Limited (23)....................... 300,000 100.0% -- 300,000 100.0%
c/o Midland Bank Trust Corporation (Cayman) Limited
P.O. Box 1109, Mary Street
Grand Cayman, Cayman Islands
British West Indies
--------------------------
* Less than 1%.
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