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Re: OBE post# 10818

Wednesday, 09/13/2017 4:19:09 PM

Wednesday, September 13, 2017 4:19:09 PM

Post# of 21990
They also own warrants at a conversion factor of 1:10

(1) Does not include 23,745,600 shares of Common Stock which may be acquired by exercising a warrant to purchase 2,374,560 shares of Series B Convertible Preferred Stock and converting the Series B Convertible Preferred Stock into Common Stock.

https://www.sec.gov/Archives/edgar/data/1475273/000149315217006412/sc13da.htm

(a) WealthColony Management Group, LLC and Jeffrey Freedman may be deemed the beneficial owners of up to 119,882,964 shares of Common Stock representing approximately 41.5% of the outstanding shares of the Issuer’s Common Stock.

The aggregate percentage of Common Stock beneficially owned by the Reporting Persons is calculated in accordance with Rule 13d-3 and is based upon 288,845,379 shares of Common Stock outstanding as of May 4, 2017, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended February 28, 2017.

(b) By virtue of their control of the Limited Partnership, WealthColony Management Group, LLC and Jeffrey Freedman share the power to (i) vote or direct the voting and (ii) dispose or direct the disposition of all of the securities of the Issuer held by the Limited Partnership.

The Reporting Person previously reported that it had received documents entitling it to transfer 5,906,373 shares of Series B Convertible Preferred Stock to the Limited Partnership. The Issuer has not engaged a transfer agent with respect to the Series B Convertible Preferred Stock. As a result of the absence of a transfer facility, the proposed transfer of the Series B Convertible Preferred Stock was not completed and the transfer was canceled.

https://www.sec.gov/Archives/edgar/data/1475273/000149315217009603/sc13da.htm



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