InvestorsHub Logo
Followers 71
Posts 4327
Boards Moderated 0
Alias Born 05/25/2005

Re: None

Saturday, 03/12/2011 6:43:38 PM

Saturday, March 12, 2011 6:43:38 PM

Post# of 176
Trying to get a handle on the share structure here ,as last reported. From the last communications to the SEC,dated 11/24/2008,Mr Ellin(Trinad Capital) and Mr Galloway(Galloway Capital) have signed this last document as directors of the company.Going to assume they haven't sold as they would have needed to file the sale and haven't.
http://www.sec.gov/Archives/edgar/data/1164327/000114420409001645/filename1.htm

My best guess is very close to 79M O/S with 53M held below.The May/2008 10Q has the total of 52.4M O/S and Trinad Capital received roughly 26.5M after this in 06/2008&10/2008.

20M shares Trinad dated:6/6/2008
http://www.sec.gov/Archives/edgar/data/1164327/000114420408034903/v117223_ex10-1.htm

The other 6.5M shares reported by Trinad but without 8K filing:
http://www.sec.gov/Archives/edgar/data/1164327/000114420408059394/v129612_sc13da.htm
==================================================
As of May 20, 2008, 52,493,592 shares of the Small Business Issuer’s common stock, $.001 par value, were issued and outstanding.
http://www.sec.gov/Archives/edgar/data/1164327/000114420408031247/v115251_10qsb.htm
==================================================
Ownership:
Trinad Capital, 39.9M shares:10/27/2008
http://www.sec.gov/Archives/edgar/data/1164327/000114420408059394/v129612_sc13da.htm

Galloway capital management 6.8M(includes personal holdings)
http://www.sec.gov/Archives/edgar/data/1164327/000114420407066686/v096810_sc13d.htm

Pequot Capital Management:1.75M shares 2/12/2008
http://www.sec.gov/Archives/edgar/data/1071955/000092153008000056/infosearch_13ga-123107.txt

Officers last reported holdings in the 2007 10K filed 2008:
George Lichter (2) 3,201,864
Claudio Pinkus 1,259,427