Who financed Patriot "BEFORE" they got a penny of MMP money?
ITEM 26. RECENT SALES OF UNREGISTERED SECURITIES
We offered and sold the following common stock, either for cash or in consideration of services rendered as indicated below, and common stock warrants without registration under the Securities Act of 1933, as amended, and exemption for such sales from registration under the Act is claimed in reliance upon the exemption provided by Section 4(2) thereof on the basis that such offers and sales were transactions not involving any public offering. Appropriate precautions against transfer have been taken, including the placing of a restrictive legend on all certificates evidencing such securities. All such sales were effected without the aid of underwriters, and no sales commissions were paid.
COMMON STOCK
Name Date of Sale Number of
Shares Aggregate
Purchase Price Purchase Price
Per Share
John Laws January 21, 2003 98,039 5,000 0.05 Cash
REC Music Foundation February 3, 2003 400,000 12,000 0.03 Cash
John Castellano February 3, 2003 138,889 5,000 0.04 Cash
Lyle Armstrong February 7, 2003 125,000 4,500 0.04 Cash
Lyle Armstrong February 13, 2003 88,889 3,000 0.03 Cash
Red Oak Inc. February 13, 2003 59,259 2,000 0.03 Cash
Orrin Noling February 24, 2003 162,338 5,000 0.03 Cash
Michael Korbiak March 3, 2003 155,807 5,500 0.04 Cash
Lyle Armstrong August 1, 2003 44,118 1,500 0.03 Cash
Red Oak Inc. August 1, 2003 44,118 1,500 0.03 Cash
Red Oak Inc. August 20, 2003 100,000 3,000 0.03 Cash
REC Music Foundation August 26, 2003 1,000,000 25,000 0.03 Cash
Red Oak Inc. September 16, 2003 64,516 2,000 0.03 Cash
Dean Gullick September 23, 2003 181,333 5,440 0.03 Cash
Lydon Inc. September 30, 2003 67,667 2,000 0.03 Cash
Red Oak Inc. October 31, 2003 100,000 3,300 0.03 Cash
Red Oak Inc. November 25, 2003 100,000 3,300 0.03 Cash
Red Oak Inc. January 27, 2004 100,000 3,400 0.03 Cash
Hawk Associates, Inc. January 5, 2004 700,000 30,252 0.04 Services
Hawk Associates, Inc. February 3, 2004 300,000 14,800 0.05 Services
Hawk Associates, Inc. April 21, 2004 126,496 14,800 0.12 Services
Hawk and Associates August 2, 2004 296,000 14,800 0.05 Services
Red Oak Inc. October 20, 2004 125,000 3,250 0.03 Cash
Hawk and Associates January 10, 2005 500,000 44,000 0.09 Services
AMD Corporation February 4, 2005 4,500,000 430000 0.10 Cash
----------------------------
...... Warrants...............
Name
Date of Issuance Number of
Shares Initial Exercise
Price Per Share
Expiration Date
Swartz Private Equity January 1, 2003 2,804,719 0.05400 April 1, 2011
Lincoln Ventures January 24, 2003 3,000,000 0.05444 April 1, 2011
Lincoln Ventures March 24, 2002 3,963,414 0.04100 April 1, 2011
Swartz Private Equity April 1, 2003 621,512 0.04080 April 1, 2011
Lincoln Ventures April 15, 2003 222,222 0.04500 April 1, 2011
Lincoln Ventures May 20, 2003 2,884,615 0.06500 April 1, 2011
Lincoln Ventures June 9, 2003 2,307,692 0.06500 April 1, 2011
Hawk Associates June 16, 2003 200,000 0.06000 June 16, 2008
Hawk Associates February 6, 2006 100,000 0.20000 February 6, 2011
Hawk Associates February 21, 2006 100,000 0.50000 February 21, 2011
Hawk Associates March 1, 2006 100,000 1.00000 March 1, 2011
Swartz Private Equity July 1, 2003 193,333 0.05720 April 1, 2011
James Zolin August 1, 2003 520,833 0.04800 August 1, 2008
Victor Gabourel August 1, 2003 520,833 0.04800 August 1, 2008
Richard Daniels August 1, 2003 520,833 0.04800 August 1, 2008
Lincoln Ventures October 21, 2003 2,142,857 0.03500 April 1, 2011
Charles Merk December 1, 2003 641,026 0.03900 December 1, 2008
Stan Caplan February 2, 2004 375,000 0.04000 February 2, 2009
Wayne Opperman February 2, 2004 1,250,000 0.04000 February 2, 2009
James Gamble February 2, 2004 125,000 0.04000 February 2, 2009
Steven Pratt February 2, 2004 250,000 0.04000 February 2, 2009
Donald Opperman February 2, 2004 250,000 0.04000 February 2, 2009
Gary Leikam February 2, 2004 125,000 0.04000 February 2, 2009
Adnan Aladray February 2, 2004 250,000 0.04000 February 2, 2009
Nazeah Aladray February 2, 2004 125,000 0.04000 February 2, 2009
LaRiccia Trust February 2, 2004 250,000 0.04000 February 2, 2009
James & Josephine Zolin February 2, 2004 750,000 0.04000 February 2, 2009
James Zolin February 2, 2004 125,000 0.04000 February 2, 2009
Victor Gabourel February 2, 2004 625,000 0.04000 February 2, 2009
Ed Kashou February 2, 2004 500,000 0.04000 February 2, 2009
Ed Kashou February 2, 2004 1,000,000 0.04000 February 2, 2009
Dan Vincent February 2, 2004 125,000 0.04000 February 2, 2009
Richard Daniels February 2, 2004 750,000 0.04000 February 2, 200Stan Caplan February 2, 2004 750,000 0.04000 February 2, 2009
Barbara Opperman February 2, 2004 250,000 0.04000 February 2, 2009
Leo Correia February 2, 2004 250,000 0.04000 February 2, 2009
Mt. Savage Productions April 26, 2004 1,000,000 0.10000 April 26, 2009
Wayne Opperman September 28, 2004 1,250,000 0.04000 September 28, 2009
Wayne Opperman November 16, 2004 1,600,000 0.02500 November 16, 2011
James & Josephine Zolin November 16, 2004 1,600,000 0.02500 November 16, 2011
Victor Gabourel November 16, 2004 1,600,000 0.02500 November 16, 2011
Richard Daniels November 16, 2004 1,000,000 0.02500 November 16, 2011
Lincoln Ventures LLC November 17, 2004 9,431,137 0.01670 April 1, 2011
Lincoln Ventures LLC November 18, 2004 4,000,000 0.02500 April 1, 2011
Stan Caplan December 9, 2004 806,452 0.03100 December 9, 2011
Daniel Nunes January 17, 2005 403,226 0.03100 January 17, 2012
TPL June 15, 2005 3,500,000 0.12500 June 15, 2012
Lincoln Ventures LLC February 9, 2006 7,000,000 0.0775 April 1, 2011
Name Date of Sale Amount Initial Conversion Price
Lincoln Ventures 1/24/2003 $ 150,000 $ 0.05500
Lincoln Ventures 3/24/2003 162,500 0.04100
Stan Caplan 4/15/2003 10,000 0.04500
Lincoln Ventures 5/20/2003 187,500 0.06500
Lincoln Ventures 6/9/2003 150,000 0.06500
James Zolin 8/1/2003 25,000 0.04800
Victor Gabourel 8/1/2003 25,000 0.04800
Richard Daniels 8/1/2003 25,000 0.04800
Lincoln Ventures 8/5/2003 120,000 0.01720
Lincoln Ventures 9/22/2003 202,500 0.01720
Lincoln Ventures 10/21/2003 75,000 0.03500
Short term Convertible
James Zolin 9/30/2003 15,000 0.04000
Josephine Zolin 9/30/2003 15,000 0.04000
Wayne Opperman 9/30/2003 20,000 0.04000
Richard Daniels 9/30/2003 25,000 0.04000
Charles Merk 12/1/2003 25,000 0.03900
Lincoln Ventures 1/23/2004 275,000 0.02667
Stan Caplan 2/2/2004 15,000 0.04000
Wayne Opperman 2/2/2004 50,000 0.04000
James Gamble 2/2/2004 5,000 0.04000
Steven Pratt 2/2/2004 10,000 0.04000
Donald Opperman 2/2/2004 10,000 0.04000
Gary Leikam 2/2/2004 5,000 0.04000
Adrian Aladray 2/2/2004 10,000 0.04000
Nazeah Aladray 2/2/2004 5,000 0.04000
Urban LaRiccia Trust 2/2/2004 10,000 0.04000
James & Joe Zolin 2/2/2004 30,000 0.04000
James Zolin 2/2/2004 5,000 0.04000
Vic Gabourel 2/2/2004 25,000 0.04000
Ed Kashou 2/2/2004 20,000 0.04000
Ed Kashou 2/2/2004 40,000 0.04000
Dan Vincent 2/2/2004 5,000 0.04000
Rick Daniels 2/2/2004 30,000 0.04000
Stan Caplan 2/2/2004 30,000 0.04000
Barbara Opperman 2/2/2004 10,000 0.04000
How many names do you recognize here.??
How many took advantage of the '06' spike and unloaded,,
AND how many DID "NOT" and who were they?????
AND is he,'NOW',very bitter??
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