One more thing from the filings and putting things together through the "New" math.
Even though the old COO who sued the company was never named...it was easy to figure out who it was.
In February of 2006, our former Chief Operating Officer (“COO”) filed a complaint against the Company, for, among other things, breach of employment agreement. The complaint was filed in the Los Angeles Superior Court, Santa Monica Division and seeks unspecified damages. The Company filed a cross complaint against this individual for fraud, misrepresentation and breach of fiduciary duty. The Company recently reached a settlement agreement which involved a cash payment of $1,700 to the former COO. The COO shall return 250,000 shares that was part of the contract between the Company and the COO and will retain 35,000 shares. The contract is now terminated. The COO and the Company have released each other of any past, present or future claims. There are no proceedings in which any of our directors, officers or affiliates is an adverse party or has a material interest adverse to the interest of the Company.
It says that he returned 250,000 shares and kept 35,000. That equals 285,000. A quick look at the list of large share holders shows only one guy in that area. Jay Ayeroff. I also think that thirtytwo is Jay. It all makes sense with that obvious grudge and all that specific "twisted' inside information. Kick that idea around and let me know what you think.
Alex Hazan(3) 1,489,432
Harel Goldstein(3) 1,489,432
Mordehai Hazan 1,489,428
On Hazan 1,489,428
Suzan Hazan 1,489,428
Patricia Hazan 1,489,428
Isaac Ben Hamou 1,489,428
Reuven Moyal 1,489,428
Carole Goldstein 1,489,428
Al Sapienza 1,489,428
Jay Ayeroff 290,000
Irit Freiman 1,489,428
David Goldstein 1,489,428
V. Youssefian 1,400,000
Kay Armstrong 800,000
Zas Investments 1,498,000
Maxwell Group 906,700
Itmar Cohen 1,400,000
Go through the list and add up current employees, officers and family....The majority of the 30 million shares are locked up.
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