This 13D Filing is, imo, good news. It looks like the natives have finally become restless enough to challenge the powers that be. And it looks like Yarbro is not kidding around.
Note the size of the investments of the rebels:
Identity and Background
(a)
This statement is filed by (collectively, the “Reporting Persons”):
·
Stanley Yarbro, Ph.D. (“Yarbro”)
·
Richard Hornidge
·
Ron Hirschi
·
Robert Davis
·
Richard Kwak
·
Ted Kustin
·
Brian Strauss
·
Dr. William Kay
·
Ronald K. Tolboe
(b)
The principal business address of Yarbro is 154 Quail Hollow Drive, Kings Mountain, NC 28086. The principal business address of Richard Hornidge is 93 Caldwell Farm Rd., Byfield, MA 01922. The principal business address of Ron Hirschi is 432 North 1050 East, American Fork, UT 84003. The principal business address of Robert Davis is 807 King Ban Drive, Lewisville, TX 75956. The principal business address of Richard Kwak is 3543 Avenida Amarosa, Escondido, CA 92029. The principal business address of Ted Kustin is 42613 Brighton Street, Palm Desert, CA 92211. The principal business address of Brian Strauss is 26300 Euclid Ave. #702 Euclid, OH 44132. The principal business address of Dr. William Kay is 13785 Cedar Road #205, South Euclid, OH 4418.The principal business address of Ronald K. Tolboe is 696 West 850 South, Orem, UT 94058.
(c)
The principal business of Yarbro is retired. The principal business of Richard Hornridge is retired. The principal business of Ron Hirschi is sale of commercial real estate. The principal business of Robert Davis is semiconductor equipment sales. The principal business of Richard Kwak is retired. The principal business of Ted Kustin is retired. The principal business of Brian Strauss is medical administration and billing. The principal business of Dr. William Kay is retired. The principal business of Ronald K. Tolboe is retired.
(d)
None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)
None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)
The Reporting Persons are citizens of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration
The Reporting Persons used a total of approximately $2,737,863.51 in the aggregate to acquire the shares of Common Stock reported in this Schedule 13D.
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As of June 30, 2017, Yarbro beneficially owns 133,242 shares of Common Stock and had invested approximately $174,850.15. The source of these funds was personal funds.
As of June 30, 2017, Richard Hornidge beneficially owns 498,223 shares of Common Stock and had invested approximately $462,546. The source of these funds was personal funds. A portion of the Common Stock was compensatory for Mr. Hornidge’s service to the Company.
As of June 30, 2017, Ron Hirschi beneficially owns 852,000 shares of Common Stock and had invested approximately $478,843.46. The source of these funds was personal funds.
As of June 30, 2017, Robert Davis beneficially owns 1,043,672 shares of Common Stock and had invested approximately $ $609,446.91. The source of these funds was personal funds.
As of June 30, 2017, Richard Kwak beneficially owns 433,071 shares of Common Stock and had invested approximately $350,000. The source of these funds was personal funds.
As of June 30, 2017, Ted Kustin beneficially owns 1,431,500 shares of Common Stock and had invested approximately $303,700. The source of these funds was personal funds.
As of June 30, 2017, Brian Strauss beneficially owns 1,263,809 shares of Common Stock and had invested approximately $228,803.64. The source of these funds was personal funds.
As of June 30, 2017, Dr. William Kay beneficially owns 565,000 shares of Common Stock and had invested approximately $132,000. The source of these funds was personal funds.
As of June 30, 2017, Ronald K. Tolboe beneficially owns 202,200 shares of Common Stock and had invested approximately $170,000. The source of these funds was personal funds.
