In ref to;
"I'd like more clarity on the Convertible Promissory Notes part on Ram' and Kay's filing."
Read More: https://investorshangout.com/post/view?id=490...z540YdKqMX
Here is info taken from the Proxy Statements issued in conjunction with the November 2017 shareholder's meeting, regarding the promissory note's at that time. I would imagine it will all be updated in our 10K for EOY2017. IMO!
Edit: Sorry, I forgot to paste it! Here it is!
NAME OF BENEFICIAL OWNER
AMOUNT OF OWNERSHIP(1)
PERCENTAGE OF CLASS(2) (excluding Preferred Stock (11))
Mark L. Kay
18,791,217
(3),(11)
0.7370
%
Ramarao Pemmaraju
30,274,732
(4),(5),(11)
1.1874
%
George Waller
18,791,211
(6),(7),(11)
0.7370
%
All directors and executive officers as a group (3 persons)
67,857,160
(
2.6615
%
NetLabs.com, Inc.
2
(9),(10)
0.00000008
%
________________
(1)
A person is deemed to be the beneficial owner of securities that can be acquired by such person within 90 days from the date hereof.
(2)
Based on 2,319,683,886 shares of common stock outstanding as of December 31, 2016; also including 25 shares of common stock available upon the conversion of certain convertible loans, 33,876,016 shares of common stock available upon the conversion of Series B Preferred stock and 196,000,001 shares of common stock underlying options.
(3)
Includes 6 shares of common stock available upon the conversion of certain convertible loans valued at $9,750,000,000 per share for $240,000 of convertibles and $7,312,500,000 per share for $28,000 of convertibles, 1 share of common stock underlying vested ten-year options valued at $2,242,500 per share and 18,791,209 shares of common stock underlying vested ten-year options valued at $0.00625 per share. Mark L. Kay, along with Ramarao Pemmaraju and George Waller each hold one share of Series A Preferred Shares which, collectively, allow the holders to vote up to 80% of the issued and outstanding shares of common and preferred stock; Mark Kay, along with Ramarao Pemmaraju and George Waller have irrevocably waived any conversion rights.
(4)
Includes 4 shares of common stock available upon the conversion of certain convertible loans valued at $9,750,000,000 per share for $25,000 of convertibles and $7,312,500,000 per share for $5,000 of convertibles 2 shares of common stock underlying vested ten-year options valued at $2,242,500 per share and 30,274,727 shares of common stock underlying vested ten-year options valued at $0.00625 per share. Of the total shares, 11,483,521 shares, consisting of 4 shares of common stock available upon the conversion of certain convertible loans valued at $9,750,000,000 per share for $25,000 of convertibles and $7,312,500,000 per share for $5,000 of convertibles, 1 share of common stock underlying vested ten-year options valued at $2,242,500 per share and 11,483,516 shares of common stock underlying vested ten-year options valued at $0.00625 per share, are in the name of Sunita Pemmaraju who is a family member of Ramarao Pemmaraju. Mark L. Kay, along with Ramarao Pemmaraju and George Waller each hold one share of Series A Preferred Shares which, collectively, allow the holders to vote up to 80% of the issued and outstanding shares of common stock; Mark Kay, along with Ramarao Pemmaraju and George Waller have irrevocably waived any conversion rights.
(5)
Excludes shares owned by NetLabs.com, Inc. which is controlled by Ramarao Pemmaraju and another individual.
(6)
Shares are listed in the name of Katherine LaRosa who is a family member of George Waller.
"I'd like more clarity on the Convertible Promissory Notes part on Ram' and Kay's filing."
Read More: https://investorshangout.com/post/view?id=490...z540YdKqMX
Here is info taken from the Proxy Statements issued in conjunction with the November 2017 shareholder's meeting, regarding the promissory note's at that time. I would imagine it will all be updated in our 10K for EOY2017. IMO!
Edit: Sorry, I forgot to paste it! Here it is!
NAME OF BENEFICIAL OWNER
AMOUNT OF OWNERSHIP(1)
PERCENTAGE OF CLASS(2) (excluding Preferred Stock (11))
Mark L. Kay
18,791,217
(3),(11)
0.7370
%
Ramarao Pemmaraju
30,274,732
(4),(5),(11)
1.1874
%
George Waller
18,791,211
(6),(7),(11)
0.7370
%
All directors and executive officers as a group (3 persons)
67,857,160
(
2.6615
%
NetLabs.com, Inc.
2
(9),(10)
0.00000008
%
________________
(1)
A person is deemed to be the beneficial owner of securities that can be acquired by such person within 90 days from the date hereof.
(2)
Based on 2,319,683,886 shares of common stock outstanding as of December 31, 2016; also including 25 shares of common stock available upon the conversion of certain convertible loans, 33,876,016 shares of common stock available upon the conversion of Series B Preferred stock and 196,000,001 shares of common stock underlying options.
(3)
Includes 6 shares of common stock available upon the conversion of certain convertible loans valued at $9,750,000,000 per share for $240,000 of convertibles and $7,312,500,000 per share for $28,000 of convertibles, 1 share of common stock underlying vested ten-year options valued at $2,242,500 per share and 18,791,209 shares of common stock underlying vested ten-year options valued at $0.00625 per share. Mark L. Kay, along with Ramarao Pemmaraju and George Waller each hold one share of Series A Preferred Shares which, collectively, allow the holders to vote up to 80% of the issued and outstanding shares of common and preferred stock; Mark Kay, along with Ramarao Pemmaraju and George Waller have irrevocably waived any conversion rights.
(4)
Includes 4 shares of common stock available upon the conversion of certain convertible loans valued at $9,750,000,000 per share for $25,000 of convertibles and $7,312,500,000 per share for $5,000 of convertibles 2 shares of common stock underlying vested ten-year options valued at $2,242,500 per share and 30,274,727 shares of common stock underlying vested ten-year options valued at $0.00625 per share. Of the total shares, 11,483,521 shares, consisting of 4 shares of common stock available upon the conversion of certain convertible loans valued at $9,750,000,000 per share for $25,000 of convertibles and $7,312,500,000 per share for $5,000 of convertibles, 1 share of common stock underlying vested ten-year options valued at $2,242,500 per share and 11,483,516 shares of common stock underlying vested ten-year options valued at $0.00625 per share, are in the name of Sunita Pemmaraju who is a family member of Ramarao Pemmaraju. Mark L. Kay, along with Ramarao Pemmaraju and George Waller each hold one share of Series A Preferred Shares which, collectively, allow the holders to vote up to 80% of the issued and outstanding shares of common stock; Mark Kay, along with Ramarao Pemmaraju and George Waller have irrevocably waived any conversion rights.
(5)
Excludes shares owned by NetLabs.com, Inc. which is controlled by Ramarao Pemmaraju and another individual.
(6)
Shares are listed in the name of Katherine LaRosa who is a family member of George Waller.
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