Excerpt from 8K filed 02.05.08:
Item 3.02 Unregistered Sales of Equity Securities.
On February 4, 2008, Odimo Incorporated (the "Company") sold 714,284 newly issued shares of common stock, par value $.001, to four investors, including (i) an entity controlled by Alan Lipton, the Company's Chairman of the Board of Directors, and (ii) Amerisa Kornblum, the Company's President and Chief Financial Officer, each of whom purchased 178,571 of the shares. The aggregate purchase price for the 714,284 shares was $100,000.00. There were no underwriting discounts or commissions. The Company relied upon the exemption from registration contained in Section 4(2) of the Securities Act of 1933 in making the sale.
Ok kiddies...for those that don't realize the signifigance of this, this 714,284 now gives Lipton & his ASSociates voting control of this corp.
From Q dated 11.13.07:
As of November 9, 2007, the registrant had 7,038,958 shares of common stock outstanding.
So now there are 7.75 mil o\s of which over 4 mil are controlled by Lipton & his buds.
All businesses were sold in 2007 and it is a shell looking to r\m a private company into it per the Q dated 11.13.07:
On April 11, 2007 the Company sold to Luxi, Group, LLC certain specified assets, including all of our rights to the domain name www.ashford.com and related trademarks, copyrights, product images and other intangibles in exchange for $400,000 pursuant to the terms of an Asset Purchase Agreement and related agreements entered contemporaneous therewith. As a result of such sale, the Company is a non-operating public shell company. The Company is seeking suitable candidates for a business combination with a private company[b]
14051 NW 14th Street.
Sunrise, Florida 33323