Post by icemandios on Feb 14, 2018 20:44:15 GMT
2/13/18
(a) Amount beneficially owned: 540,391 (1)
(b) Percent of class: 7.73% (Based on 6,992,044 shares outstanding as of December 31, 2017)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 540,391 (1)
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 540,391 (1)
(1)
Includes (i) 472,800 shares of common stock held by Melechdavid and (ii) 67,591 shares of common stock held by Retirement Plan. Excludes 54,545 shares of common stock underlying Series F Convertible Preferred Stock held by Melechdavid. The Series F Convertible Preferred Stock contains an ownership limitation such that the holder may not convert any of such securities to the extent that conversion would result in the holder’s beneficial ownership being in excess of 4.99%. Mark Groussman is the President of Melechdavid and the trustee of Retirement Plan and in such capacities has voting and dispositive power over the securities held by such entities.
(a) Amount beneficially owned: 540,391 (1)
(b) Percent of class: 7.73% (Based on 6,992,044 shares outstanding as of December 31, 2017)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 540,391 (1)
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 540,391 (1)
(1)
Includes (i) 472,800 shares of common stock held by Melechdavid and (ii) 67,591 shares of common stock held by Retirement Plan. Excludes 54,545 shares of common stock underlying Series F Convertible Preferred Stock held by Melechdavid. The Series F Convertible Preferred Stock contains an ownership limitation such that the holder may not convert any of such securities to the extent that conversion would result in the holder’s beneficial ownership being in excess of 4.99%. Mark Groussman is the President of Melechdavid and the trustee of Retirement Plan and in such capacities has voting and dispositive power over the securities held by such entities.