See this!
Sunnsailor1 hour ago
THE ORIGINAL WUHN STILL HAS 6,681,269 PREFERRED SHAREHOLDERS!
THE ORIGINAL CHINA WUHN IS STILL IN BUSINESS, but shell was STOLEN & HIJACKED FRAUDULENTLY BY IRANIAN SCHMUCK TERRORIST SWINDLER!
6,681,269 PREFERRED SHARES STILL HELD as of last 10K!
"Security Ownership of Certain Beneficial Owners and Management
The following table sets forth information regarding the beneficial ownership of our Common Stock as of April 11, 2013 by (i) each person known by us to be the beneficial owner of more than 5% of our Common Stock, (ii) our directors, (iii) our named executive officers and (iv) our directors and executive officers as a group.
Beneficial ownership has been determined in accordance with the rules and regulations of the SEC and includes voting or investment power with respect to the shares. Unless otherwise indicated, the persons named in the table below have sole voting and investment power with respect to the number of shares indicated as beneficially owned by them.
Name of Beneficial Owner Common Stock
Beneficially Owned(1) Percentage of
Common Stock
Owned (1)
5% Stockholders (other than directors and named executive officers):
Adam Benowitz and Vision Capital Advisors, LLC (2)(3) 3,317,447 9.9 %
NewQuest Capital Management (Cayman) Limited (2)(4) 3,363,822 9.9 %
Directors and Principal Executive Officers:
Qi Ruilong 0 *
Carol Pan 0 *
Huang Zhaoqi 0 *
Yaojun (Larry) Liu (5) *
Xu Jie (6) 19,844,398 58.4 %
Shi Yu (7) 40,000 *
Zheng Qingsong (8) 40,000 *
Directors and Executive Officers as a group (7 persons) (9) 20,004,398 58.5 %
* Less than 1%.
39
(1) Applicable percentage ownership is based on 33,926,545 shares of Common Stock outstanding as of April 11, 2013. Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of Common Stock that are currently issuable upon conversion or exercisable within 60 days of April 11, 2013, are deemed to be beneficially owned by the person holding such convertible securities for the purpose of computing the percentage of ownership of such person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.
(2) These holders received shares of our Series A Convertible Preferred Stock in a private placement transaction on February 7, 2007. In addition, we issued Series B Convertible Preferred Stock to certain of these holders in connection with the exercise of Series J Warrants, which expired on November 7, 2008. Until the preferred stock is converted, these holders have only limited voting rights with respect to the preferred stock. Because the preferred stock is presently convertible into or exercisable for shares of Common Stock, the holders are deemed to beneficially own such shares of Common Stock.
(3) Based on a Schedule 13G/A filed by Adam Benowitz, Vision Capital Advisors, LLC and its affiliates (collectively, “Vision”) with the SEC on February 14, 2012. Vision owns 1,971,117 shares of Series A Convertible Preferred Stock and 3,004,292 shares of Series B Convertible Preferred Stock, which collectively are convertible into 4,975,409 shares of our Common Stock. The preferred stock is not convertible, however, to the extent that the number of shares of Common Stock to be issued pursuant to such conversion would exceed, when aggregated with all other shares of Common Stock owned by Vision at such time, the number of shares of Common Stock which would result in Vision beneficially owning in excess of 9.9% of the then issued and outstanding shares of our Common Stock. Vision may waive this ownership cap on 61 days’ prior notice to us. As a result of this ownership cap, Vision beneficially owns 3,317,447 shares of our Common Stock. If Vision waived this ownership cap, it would beneficially own 7,288,291 shares of our Common Stock or approximately 19.4% of our outstanding Common Stock. Vision is deemed to beneficially own these securities, although record ownership of the securities is in the name of Vision Capital Advantage Fund, L.P. and Vision Opportunity Master Fund, Ltd. The address of Vision is 20 West 55th Street, 5th Floor, New York, New York 10019." End quote. WUHN 10K, Page 39.
