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 |
|
| ||||||||||||||||||||||||||||||
|
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) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Class A Common Stock Purchase Warrant | 05/16/2006 | 05/16/2007 | Common Stock | 2,759,502,446 (1) | $ 0.0005 (1) (2) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Horvath Holdings, LLC 25221 DEQUINDRE MADISON HEIGHTS, MI 48071 |
 |  X |  |  |
/s/Mark R. Horvath | 06/01/2006 | |
**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) | The amount or number of shares is subject to adjustment. The Reporting Person is entitled to the greater of a) 2,528,443,508 shares of fully paid and nonassessable shares of common stock or b) that number of shares of common stock as shall be required for the Reporting Person to obtain, when combined with other shares of common stock then cumulatively held by the Reporting Person, at least 51% of the total fully diluted shares of common stock of the Company as of the date the warrant is fully exercised. (as of the date of this filing, the amount would be 2,759,502,446 shares). |
(2) | The Reporting Person has not included the 1,703,785,714 shares of common stock for which the Company has a proxy to vote, but does not own. The Reporting Person disclaims any beneficial ownership in these shares as the Reporting Person has no pecuniary interest with respect to these shares. |