Marathon Digital Holdings Inc (MARA)

[patentminer2013]

Name of Person Filing.



The statement is filed on behalf of Barry Honig, GRQ Consultants, Inc. (“GRQ”), GRQ Consultants, Inc. 401k Plan (“GRQ 401k Plan”) and GRQ Consultants, Inc. Defined Benefit Plan (“GRQ Defined Plan”).


8.8%

From Forbes article

http://www.forbes.com/sites/richardfinger/2013/05/06/new-ip-company-marathon-patent-group-promises-diversification-amid-risky-environment/

I have to assume that Mr. Croxall has a pretty good idea of a funding source for patent ’730, as he has a fairly tight closing window. The company boasts a coterie of savvy investors. As I mentioned earlier, Eric and Audrey Spangenberg of IP Navigation Group collectively control 17.6 percent of shares outstanding. Large capital fund Hudson Bay Capital recently disclosed a 7.94 percent ownership stake. Another respected investor in early-stage companies, Barry Honig, is a 6.85 percent equity holder. Mr. Honig is founder and CEO of GRQ Consultants, specializing in corporate finance, venture financing, and other investment banking services. He was also instrumental in building interCLICK (ICLK) before it was sold to Yahoo (YHOO), is now a Chairman of ChromaDex (CDXC), and also serves as a Director at Pershing Gold (PGLC). Were I betting man, and from time to time I am, my uninformed wager is that this group will lead a capital round to fund the patent acquisition. Regardless, it is clear that Marathon Patent Group will need to raise additional funds to achieve its acquisition ambitions. That said, it is public knowledge that the company is in talks with Minneapolis-based Lake Street Capital Markets to raise up to $8 million in new funds.