InvestorsHub Logo
Followers 0
Posts 57
Boards Moderated 0
Alias Born 07/19/2011

Re: None

Wednesday, 01/11/2012 11:45:25 PM

Wednesday, January 11, 2012 11:45:25 PM

Post# of 248

XPOI owned over 1.6 mil shares of CPFH common share in March 2011 as per CPFH's proxy statement. These were in addition to the convertible pref shares and convertible note that XPOI has already disposed of. B. Graham's (a competing broker dealer)average cost on their 5% stake in CPFH is 15 cents / share as per their SEC filing. If B. Graham paid 15 cents / share for XPOI's remaining CPFH stake it would be worth about 250K.



http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7872267-46133-53415&type=sect&TabIndex=2&companyid=6813&ppu=%252fdefault.aspx%253fcik%253d944696



From the CPFH proxy:


(4)


Of these shares, 534,676 are held directly by Mr. Cummer, 1,663,642 are common shares held directly by Xponential, Inc., and 585,000 are common shares held directly by Select Partners, Ltd. Also included are 3,050,000 convertible preferred shares held through PawnMart, Inc., and 1,900,000 common shares issuable upon conversion of a convertible promissory note held through PawnMart, Inc., a wholly owned subsidiary of Xponential with the earliest conversion date being March 31, 2009 and October 15, 2009, respectively. As an officer and director of Xponential, Mr. Cummer may be deemed to indirectly beneficially own these shares; however, Mr. Cummer disclaims beneficial ownership of all common and preferred shares beneficially owned by Xponential.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.