Post by icemandios on Jul 25, 2018 13:56:15 GMT
Item 5.
Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended to read in its entirety as follows:
(a)The Reporting Person beneficially owns an aggregate of 447,195 shares of the Issuer’s common stock, or 4.99% (based on 8,961,840 shares outstanding as of April 2, 2018) of the Issuer’s issued and outstanding shares of common stock.
The beneficial ownership includes: (i) 41,582 shares of common stock held by HSCI and (ii) 405,613 shares of common stock issuable upon conversion of the Issuer’s Series L Convertible Preferred Stock held by HSCI. Excludes (i) 122,165 shares of common stock issuable upon conversion of the Issuer’s Series L Convertible Preferred Stock held by HSCI and (ii) 533,333 shares of common stock issuable upon conversion of the Issuer’s Series K Convertible Preferred Stock held by HSCI. John Stetson is the manager of HSCI and in such capacity holds voting and dispositive power over the securities held by such entity. The Series L Convertible Preferred Stock and Series K Convertible Preferred Stock contain a 4.99% beneficial ownership blocker.
(b) John Stetson may be deemed to hold sole voting and dispositive power over 0 shares of Common Stock and shared voting and dispositive power over 447,195 shares Common Stock(1). HSCI may be deemed to hold sole voting and dispositive power over 0 shares of Common Stock and shared voting and dispositive power over 447,195 shares Common Stock(1).
(1) Includes (i) 41,582 shares of common stock held by HSCI and (ii) 405,613 shares of common stock issuable upon conversion of the Issuer’s Series L Convertible Preferred Stock held by HSCI. Excludes (i) 122,165 shares of common stock issuable upon conversion of the Issuer’s Series L Convertible Preferred Stock held by HSCI and (ii) 533,333 shares of common stock issuable upon conversion of the Issuer’s Series K Convertible Preferred Stock held by HSCI. John Stetson is the manager of HSCI and in such capacity holds voting and dispositive power over the securities held by such entity. The Series L Convertible Preferred Stock and Series K Convertible Preferred Stock contain a 4.99% beneficial ownership blocker.
(c) On June 8, 2018, HSCI sold 207,215 shares of Common Stock at a sale price of $1.17 per share.
On June 12, 2018, HSCI sold 12,497 shares of Common Stock at a sale price of $0.90 per share.
On June 14, 2018, HSCI sold 25,000 shares of Common Stock at a sale price of $0.87 per share.
On June 15, 2018, HSCI sold 9,359 shares of Common Stock at a sale price of $0.86 per share.
On June 18, 2018, HSCI sold 25,000 shares of Common Stock at a sale price of $0.88 per share.
On June 28, 2018, HSCI sold 18,643 shares of Common Stock at a sale price of $0.90 per share.
On July 2, 2018, HSCI sold 7,841 shares of Common Stock at a sale price of $0.54 per share.
(d) To the best knowledge of the Reporting Person, except as set forth in this Schedule 13D, no person other than the Reporting Person has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the 447,195 shares of Common Stock reported in Item 5(a).
(e) The Reporting Person ceased to be the beneficial owner of more than five percent of the class of securities on October 13, 2017.
Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended to read in its entirety as follows:
(a)The Reporting Person beneficially owns an aggregate of 447,195 shares of the Issuer’s common stock, or 4.99% (based on 8,961,840 shares outstanding as of April 2, 2018) of the Issuer’s issued and outstanding shares of common stock.
The beneficial ownership includes: (i) 41,582 shares of common stock held by HSCI and (ii) 405,613 shares of common stock issuable upon conversion of the Issuer’s Series L Convertible Preferred Stock held by HSCI. Excludes (i) 122,165 shares of common stock issuable upon conversion of the Issuer’s Series L Convertible Preferred Stock held by HSCI and (ii) 533,333 shares of common stock issuable upon conversion of the Issuer’s Series K Convertible Preferred Stock held by HSCI. John Stetson is the manager of HSCI and in such capacity holds voting and dispositive power over the securities held by such entity. The Series L Convertible Preferred Stock and Series K Convertible Preferred Stock contain a 4.99% beneficial ownership blocker.
(b) John Stetson may be deemed to hold sole voting and dispositive power over 0 shares of Common Stock and shared voting and dispositive power over 447,195 shares Common Stock(1). HSCI may be deemed to hold sole voting and dispositive power over 0 shares of Common Stock and shared voting and dispositive power over 447,195 shares Common Stock(1).
(1) Includes (i) 41,582 shares of common stock held by HSCI and (ii) 405,613 shares of common stock issuable upon conversion of the Issuer’s Series L Convertible Preferred Stock held by HSCI. Excludes (i) 122,165 shares of common stock issuable upon conversion of the Issuer’s Series L Convertible Preferred Stock held by HSCI and (ii) 533,333 shares of common stock issuable upon conversion of the Issuer’s Series K Convertible Preferred Stock held by HSCI. John Stetson is the manager of HSCI and in such capacity holds voting and dispositive power over the securities held by such entity. The Series L Convertible Preferred Stock and Series K Convertible Preferred Stock contain a 4.99% beneficial ownership blocker.
(c) On June 8, 2018, HSCI sold 207,215 shares of Common Stock at a sale price of $1.17 per share.
On June 12, 2018, HSCI sold 12,497 shares of Common Stock at a sale price of $0.90 per share.
On June 14, 2018, HSCI sold 25,000 shares of Common Stock at a sale price of $0.87 per share.
On June 15, 2018, HSCI sold 9,359 shares of Common Stock at a sale price of $0.86 per share.
On June 18, 2018, HSCI sold 25,000 shares of Common Stock at a sale price of $0.88 per share.
On June 28, 2018, HSCI sold 18,643 shares of Common Stock at a sale price of $0.90 per share.
On July 2, 2018, HSCI sold 7,841 shares of Common Stock at a sale price of $0.54 per share.
(d) To the best knowledge of the Reporting Person, except as set forth in this Schedule 13D, no person other than the Reporting Person has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the 447,195 shares of Common Stock reported in Item 5(a).
(e) The Reporting Person ceased to be the beneficial owner of more than five percent of the class of securities on October 13, 2017.