Saturday, June 14, 2008 10:52:09 PM
1. Knew each other well enough in the summer of 2000 to form a company together. They were in business together then.
2. Hatched a plan together to form DEI, transfer certain assets from Desert Winds to DEI, and to then have Desert Winds sell its DEI stock to Paloma in exchange for 500,000 shares of Desert Winds.
3. Then Jacobs formed MicroSpectacular, Desert Winds acquired all the stock of MicroSpectacular, and then changed its name to SunnComm.
Complicated? For sure....
Further down in that same SEC report, it lists Paloma as owning 5.5% and Jacobs as owning 5.74% of the common stock. It also lists Planet 10 Partners as owning 5.08%, and notes that Planet 10 Partners is 40% controlled by Jacobs. Also, 28% of the shares were owned by corporations in Panama.
Confusing? For sure....
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM