UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series B Preferred Stock | 08/31/2010 | Â (2) | Common stock | 22,500,000 | $ (3) | D | Â |
Series C Preferred Stock | 02/14/2011 | Â (2) | Common stock | 3,009,400 | $ (4) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brauser Michael 4400 BISCAYNE BLVD., SUITE 850 MIAMI, FL 33137 |
 X |  |  |  |
/s/ Michael Brauser | 11/28/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Jointly held with wife. |
(2) | These securities have no expiration date and will expire at such time as they are converted. |
(3) | The reporting person holds 450,000 shares of Series B Preferred Stock which are convertible into 22,500,000 shares of the issuer's common stock. |
(4) | The reporting person holds 30,094 shares of Series C Preferred Stock which are convertible into 3,009,400 shares of the issuer's common stock. |