InvestorsHub Logo

db7

Followers 221
Posts 39709
Boards Moderated 0
Alias Born 09/02/2003

db7

Member Level

Re: db7 post# 2

Friday, 12/23/2011 11:01:06 AM

Friday, December 23, 2011 11:01:06 AM

Post# of 48
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.






The following table sets forth certain information as of March 21, 2011 regarding the number and percentage of our Common Stock (being our only voting securities) beneficially owned by each officer, director, each person (including any "group" as that term is used in Section 13(d)(3) of the Exchange Act) known by us to own 5% or more of our Common Stock, and all officers and directors as a group.






Name of Beneficial Owner Shares of Common Stock Beneficially Owned (1) Percentage of Ownership

R&R Biotech Partners, LLC1270 Avenue of the Americas – 20th FloorNew York, NY 10020Attention: David Horin, CFO 698,696 56.1 %

Moyo Partners, LLC (2)c/o Arnold P. Kling712 Fifth Avenue – 11th FloorNew York, NY 10019 174,674 14.0 %

Arnold P. Kling (3)712 Fifth Avenue – 11th FloorNew York, NY 10019 294,674 23.7 %

Kirk M. Warshaw (4)133 Summit Avenue, Suite 22Summit, NJ 07901 80,000 6.4 %

All Directors and Officers (2 persons) as a group 374,674 30.1 %









(1) Unless otherwise indicated, we have been advised that all individuals or entities listed have the sole power to vote and dispose of the number of shares set forth opposite their names. For purposes of computing the number and percentage of shares beneficially owned by a security holder, any shares which such person has the right to acquire within 60 days of March 21, 2011 are deemed to be outstanding, but those shares are not deemed to be outstanding for the purpose of computing the percentage ownership of any other security holder.







(2) Arnold P. Kling, our president and a director, controls Moyo Partners, LLC and therefore is the beneficial owner of the shares held by this entity.






(3) Includes all the shares held by Moyo Partners, LLC.





(4) Mr. Warshaw is our chief financial officer, secretary and a director.

-------------------------------------------------------------------

All posts are strictly my opinion and are not buy or sell recommendations.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.