Share Structure and Director/ Major Shareholder Funding of HCPC Business Development:
Overview of Share Structure and Changes from December 31st 2005 to December 31st 2006 (Part 1) and Insider/ Major Shareholder financial investment in HCPC (Part 2).
[Note: See i-Box for latest information on current share structure]
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Part 1: Share Structure:
Share Structure: As of December 31st 2006:
A. Insider Ownership
The Directors and Officers:
Gwendolyn Carol Johnson = 5, 713, 506
Sandra Battaglia = 18, 000
Ryan Braddock = 1, 038,000
J Daye = 58,500
Walter Hinchcliffe = 430, 000
Kevin Pickard= 1 091 994
Richard Razzeca = 232, 000
Total = 8, 552, 000
B. Shares controlled by HCPC Subsidiary: First Independent Financial Group (of which Gwendolyn Carol Johnson and Walter Hinchcliffe are the controlling Directors)
First Independent Financial Group – FIFG = 103,500,000
C. Shares held by major shareholders (> 5%)
Ed Johnson: 38,546,383
Note: Ed Johnson is the husband of CEO, Gwendolyn Carol Johnson
C. Float
Float (estimate): 13,564,620
(Large % of float held under Escrow. Free float stated as 3.79 million in company financials)
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The following is a summary of share structure and quarterly changes, for the period from December 31st 2005 to December 31st 2006.
Share Structure:
December 31st 2005
AS: 250 million
OS: 137, 203, 543
Float: 10, 960 530
(Large % of float held under Escrow. Free float stated as 3.79 million in company financials)
Insiders = 113 848 006 (including 103, 500, 000 shares owned by subsidiary First Independent Financial Group - FIFG)
Ed Johnson: 12, 389, 006
Insiders + Ed Johnson = 126, 234, 012
June 30th 2006
AS: 250 million
OS: 159, 063, 842
Float: 9, 867, 453
(Large % of float held under Escrow. Free float stated as 3.79 million in company financials)
Insiders: 110, 650, 006 (including 103, 500, 000 shares owned by subsidiary First Independent Financial Group – FIFG and Gwendolyn Carol Johnson = 5, 713, 506)
Ed Johnson: 38, 546, 383
Insiders + Ed Johnson = 149,196,389
Key notes: Changes to Insider and Ed Johnson share holding since end of last quarter (December 31st 2005)
.
Ryan Braddock = + 975k
J. Daye = + 6k
Gwendolyn Carol Johnson = - 4.143 million
Ed Johnson = + 26, 157 377 (including 20, 000, 300 issued by the company on March 29th 2006 as stated in Quarterly Report for period ending 30th June 2006)
September 30th 2006
AS: 250 million
OS: 163, 035, 342
Float: 14, 178, 475
(Large % of float held under Escrow. Free float stated as 3.79 million in company financials)
Insiders: 110, 310, 484 (including 103, 500, 000 shares owned by subsidiary First Independent Financial Group - FIFG)
Ed Johnson: 38, 546, 383 (unchanged)
Insiders + Ed Johnson = 148,856, 867
Key notes: Changes to Insider share holding since end of last quarter (June 30th 2006)
Richard Razzeca= + 232k
Ryan Braddock = + 38k
J Daye = +46k
December 31st 2006
AS: 250 million
OS: 164, 163, 003
Float: 13, 564, 620
(Large % of float held under Escrow. Free float stated as 3.79 million)
Insiders: 112, 052, 000 (Incl. 103, 500, 000 owned by subsidiary First Independent Financial Group - FIFG)
Ed Johnson: 38, 546, 383 (unchanged)
Insiders + Ed Johnson = 150, 598, 383
Key notes: Changes to Insider share holding since end of last quarter (September 30th 2006)
Kevin Pickard= + 1 061 994
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Part 2: Capital Investment in HCPC by Directors and Major Shareholders:
A. Gwendolyn Carol Johnson = Invested $495, 606 in the period until December 31st 2005 for which she received 9, 856, 506 shares = Cost basis of $0.0502 pps
B. First Independent Financial Group (FIFG) = Invested $181, 935 in the period until December 31st 2005 for which they received 6, 500, 000 shares = Cost basis of 0.028 pps
[It is worth noting that FIFG owns 63% of the OS shares of HCPC equal to 103 500 000 as of September 30th 2006. This company was bought for 100 million shares initially by HCPC. The Directors of FIFG are Gwendolyn Carol Johnson and Walter Hinchcliffe. It subsequently acquired an additional 6.5 million shares for $181, 935 as stated above]
C. Ed Johnson (Husband of Gwendolyn Carol Johnson) = Invested $1, 465, 114 in the period until December 31st 2005 for which he received 11 326 506 shares = Cost basis of $0.129 pps
[He was subsequently issued an additional 20, 000, 300 shares by the company on March 31st 2006 as stated in the Quarterly Report for the period ending June 30th 2006. This brought his total shareholding to 38, 546, 383 shares = Revised cost basis of $0.038 pps. The cost basis was therefore brought in line with the others.]
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