Filing Details
- Accession Number:
- 0001654954-18-000760
- Form Type:
- 13D Filing
- Publication Date:
- 2018-01-26 16:40:51
- Filed By:
- Smith Jerry Don
- Company:
- Icoreconnect Inc. (OTCMKTS:ICCT)
- Filing Date:
- 2018-01-26
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
JD Investments, Inc | 0 | 13,781,091 | 0 | 13,781,091 | 13,781,091 | 37.05% |
Sonoran Pacific Resources, LLP | 0 | 13,781,091 | 0 | 13,781,091 | 13,781,091 | 37.05% |
Jerry D. Smith | 0 | 13,781,091 | 0 | 13,781,091 | 13,781,091 | 37.05% |
JDS Trust | 0 | 13,781,091 | 0 | 13,781,091 | 13,781,091 | 37.05% |
WESCO Energy Corporation | 0 | 13,781,091 | 0 | 13,781,091 | 13,781,091 | 37.05% |
SH114, LLP | 0 | 13,781,091 | 0 | 13,781,091 | 13,781,091 | 37.05% |
Insurance Endowment Strategies, LLP | 0 | 13,781,091 | 0 | 13,781,091 | 13,781,091 | 37.05% |
0 | 13,781,091 | 0 | 13,781,091 | 13,781,091 | 37.05% |
Filing
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
(Rule
13d-101)
INFORMATION TO BE
INCLUDED IN STATEMENTS FILED PURSUANT TO
§240.13d-1(a)
AND
AMENDMENTS THERETO FILED PURSUANT TO
§240.13d-2(a)
(Amendment No,
___)1
iCoreConnect,
Inc.
Formerly iMedicor, Inc.
(Name
of Issuer)
Common Stock, $0.001 par value
(Title
of Class of Securities)
922587100
(CUSIP
Number)
Jerry
D. Smith
JD
Investments, Inc.
Sonoran
Pacific Resources, LLP
JDS
Trust
WESCO
Endergy Corporation
SH114,
LLP
Insurance Endowment
Strategies, LLP
75th Street Holdings,
LLC
10632 N
Scottsdale Road, #208
Scottsdale, AZ
85254
(480)
348-7901
Steven
P. Oman, Esq.
14646
N. Kierland Blvd., Suite 260
Scottsdale,
AZA85254
(480) 348-1470
(Name,
Address and Telephone Number of Persons
Authorized to
Receive Notices and Communications)
June
30, 2017
(Date
of Event Which Requires Filing of This Statement)
If the
filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of §§240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box
□.
Note: Schedules filed in paper format
shall include a signed original and five copies of the schedule,
including all exhibits. See
§240.13d-7 for other parties to whom copies are to be
sent.
______________
1
The remainder of
this cover page shall be filled out for a reporting person’s
initial filing on this form and with respect to the subject class
of securities, and for any subsequent amendment containing
information which would alter disclosure provided in a prior cover
page.
The
information required on the remainder of this cover page shall not
be deemed to be “filed” for the purposes of Section 18
of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however,
see the
Notes).
CUSIP
No. 922587100
1 | NAME
OF REPORTING PERSON JD
Investments, Inc. | |
2 | CHECK
THE APPROPRIATE BOX (a) □ (b)
☒ | |
3 | SEC
USE ONLY | |
4 | SOURCE
OF FUNDS WC | |
5 | CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) □ | |
6 | CITIZENSHIP OR
PLACE OF ORGANIZATION Arizona | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH | 7 | SOLE
VOTING POWER 0 |
8 | SHARED
VOTING POWER 13,781,091 | |
9 | SOLE
DISPOSITIVE POWER 0 | |
10 | SHARED
DISPOSITIVE POWER 13,781,091 | |
11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,781,091 | |
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES □ | |
13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.05% | |
14 | TYPE
OF REPORTING PERSON CO |
CUSIP
No. 922587100
1 | NAME
OF REPORTING PERSON Sonoran Pacific
Resources, LLP. | |
2 | CHECK
THE APPROPRIATE BOX (a) □ (b)
☒ | |
3 | SEC
USE ONLY | |
4 | SOURCE
OF FUNDS WC | |
5 | CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) □ | |
6 | CITIZENSHIP OR
PLACE OF ORGANIZATION Arizona | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH | 7 | SOLE
VOTING POWER 0 |
8 | SHARED
VOTING POWER 13,781,091 | |
9 | SOLE
DISPOSITIVE POWER 0 | |
10 | SHARED
DISPOSITIVE POWER 13,781,091 | |
11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,781,091 | |
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES □ | |
13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.05% | |
14 | TYPE
OF REPORTING PERSON PN |
CUSIP
No. 922587100
1 | NAME
OF REPORTING PERSON Jerry
D. Smith | |
2 | CHECK
THE APPROPRIATE BOX (a) □ (b)
☒ | |
3 | SEC
USE ONLY | |
4 | SOURCE
OF FUNDS PF | |
5 | CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) □ | |
6 | CITIZENSHIP OR
PLACE OF ORGANIZATION USA | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH | 7 | SOLE
VOTING POWER 0 |
8 | SHARED
VOTING POWER 13,781,091 | |
9 | SOLE
DISPOSITIVE POWER 0 | |
10 | SHARED
DISPOSITIVE POWER 13,781,091 | |
11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,781,091 | |
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES □ | |
13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.05% | |
14 | TYPE
OF REPORTING PERSON IN |
CUSIP
No. 922587100
1 | NAME
OF REPORTING PERSON JDS
Trust | |
2 | CHECK
THE APPROPRIATE BOX (a) □ (b)
☒ | |
3 | SEC
USE ONLY | |
4 | SOURCE
OF FUNDS PF | |
5 | CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) □ | |
6 | CITIZENSHIP OR
PLACE OF ORGANIZATION USA | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH | 7 | SOLE
VOTING POWER 0 |
8 | SHARED
VOTING POWER 13,781,091 | |
9 | SOLE
DISPOSITIVE POWER 0 | |
10 | SHARED
DISPOSITIVE POWER 13,781,091 | |
11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,781,091 | |
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES □ | |
13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.05% | |
14 | TYPE
OF REPORTING PERSON IN |
CUSIP
No. 922587100
1 | NAME
OF REPORTING PERSON WESCO
Energy Corporation | |
2 | CHECK
THE APPROPRIATE BOX (a) □ (b)
☒ | |
3 | SEC
USE ONLY | |
4 | SOURCE
OF FUNDS WC | |
5 | CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) □ | |
6 | CITIZENSHIP OR
PLACE OF ORGANIZATION Delaware | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH | 7 | SOLE
VOTING POWER 0 |
8 | SHARED
VOTING POWER 13,781,091 | |
9 | SOLE
DISPOSITIVE POWER 0 | |
10 | SHARED
DISPOSITIVE POWER 13,781,091 | |
11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,781,091 | |
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES □ | |
13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.05% | |
14 | TYPE
OF REPORTING PERSON CO |
CUSIP
No. 922587100
1 | NAME
OF REPORTING PERSON SH114,
LLP | |
2 | CHECK
THE APPROPRIATE BOX (a) □ (b)
☒ | |
3 | SEC
USE ONLY | |
4 | SOURCE
OF FUNDS WC | |
5 | CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) □ | |
6 | CITIZENSHIP OR
PLACE OF ORGANIZATION Arizona | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH | 7 | SOLE
VOTING POWER 0 |
8 | SHARED
VOTING POWER 13,781,091 | |
9 | SOLE
DISPOSITIVE POWER 0 | |
10 | SHARED
DISPOSITIVE POWER 13,781,091 | |
11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,781,091 | |
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES □ | |
13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11)
37.05% | |
14 | TYPE
OF REPORTING PERSON PN |
CUSIP
No. 922587100
1 | NAME
OF REPORTING PERSON Insurance
Endowment Strategies, LLP | |
2 | CHECK
THE APPROPRIATE BOX (a) □ (b)
☒ | |
3 | SEC
USE ONLY | |
4 | SOURCE
OF FUNDS WC | |
5 | CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) □ | |
6 | CITIZENSHIP OR
PLACE OF ORGANIZATION Arizona | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH | 7 | SOLE
VOTING POWER 0 |
8 | SHARED
VOTING POWER 13,781,091 | |
9 | SOLE
DISPOSITIVE POWER 0 | |
10 | SHARED
DISPOSITIVE POWER 13,781,091 | |
11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,781,091 | |
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES □ | |
13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.05% | |
14 | TYPE
OF REPORTING PERSON PN |
CUSIP
No. 922587100
1 | NAME
OF REPORTING PERSON 75TH Street Holdings,
LLC | |
2 | CHECK
THE APPROPRIATE BOX (a) □ (b)
☒ | |
3 | SEC
USE ONLY | |
4 | SOURCE
OF FUNDS WC | |
5 | CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) □ | |
6 | CITIZENSHIP OR
PLACE OF ORGANIZATION Arizona | |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH | 7 | SOLE
VOTING POWER 0 |
8 | SHARED
VOTING POWER 13,781,091 | |
9 | SOLE
DISPOSITIVE POWER 0 | |
10 | SHARED
DISPOSITIVE POWER 13,781,091 | |
11 | AGGREGATE AMOUNT
BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,781,091 | |
12 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES □ | |
13 | PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.05% | |
14 | TYPE
OF REPORTING PERSON OO |
CUSIP
NO. 922587
100
This
statement relates to the Common Stock, $0.001 per share (the
“Shares”), of iCoreConnect, Inc. (formerly iMedicor,
Inc.), a Nevada corporation (the “Issuer”). The address
of the principal executive offices of the Issuer is 13506
Summerport Pkwy, #160, Windermere, FL 34786.
Item
2. Identity and Background.
(a)
This statement is filed by:
(i) JD
Investment, Inc, an Arizona corporation (“JDI”), with
respect to the Shares owned directly as well as beneficially owned
by it by virtue of its position as general partner of Sonoran
Pacific Resources, LLP, SH114 and IES (as defined
below);
(ii)
Sonoran Pacific Resources, LLP, an Arizona limited liability
partnership (“SRP”), with respect to the Shares
directly and beneficially owned by it;
(iii)
Jerry D. Smith, with respect to the Shares he beneficially owns as
president of JDI, and as limited partner of SPR, and beneficially
owned by 75th Street as its
manager, as well as shares he owns though JDS Trust;
(iv)
JDS Trust, an estate planning trust for the benefit of Jerry D.
Smith and for which he is the trustee, with respect to the Shares
directly and beneficially owned by it as a limited partner in SPR,
SH114 and IES;
(v)
WESCO Energy Corporation, a Delaware corporation
(“WESCO”), which is owned by SRP and for Jerry D. Smith
as the President and Vice Chairman, with respect to the Shares
directly and beneficially owned by it;
(vi)
SH114, LLP, an Arizona limited liability partnership
(“SH114”), in which JDI is the general partner and the
JDS Trust is the sole limited partner, with respect to the Shares
directly and beneficially owned by it.
(vii)
Insurance Endowment Strategies, LLP, an Arizona limited liability
partnership (“IES”), in which JDI is the general
partner, and WESCO and the JDS Trust are the only limited partners,
with respect to the Shares directly and beneficially owned by
it.
(viii)
75th
Street Holdings, LLC, an Arizona limited liability company
(“75th Street”), in
which Jerry D. Smith is the manager and the JDS Trust is the sole
member, with respect to the Shares directly and beneficially owned
by it.
Each of
the foregoing is referred to as a “Reporting Person”
and collectively as the “Reporting Persons.” Each of
the Reporting Persons is party to that certain Joint Filing and
Solicitation Agreement, as further described in Item 6.
Accordingly, the Reporting Persons are hereby filing a joint
Schedule 13D.
(b) The
address of the principal office of each of the Reporting Persons is
10632 N Scottsdale Road, #208,
Scottsdale, AZ 85254. The officers and directors of JDI and
WESCO and the partners of SPR, SH114 and IES, and the members and
manager of 75th Street and their
principal occupations and business addresses are set forth on
Schedule A to the Schedule 13D and are incorporated by reference in
this Item 2.
(c) The
principal business of JDI is serving as the general partner of SPR,
SH114 and IES and conducting other similar activities. The
principal business of WESCO is investments including the ownership
and development of certain intellectual property utilized in the
oil refining industry. The principal business of SH114 is real
property investments. The principal business of SPR is serving as a
private investment fund investing in various opportunities,
including real estate and debt and equity of public and private
companies. SPR has been formed for the purpose of making equity and
debt investments and, on occasion, taking an active role in the
management of portfolio companies in order to enhance shareholder
value. The principal business of IES involves certain life
insurance strategies. The principal business of 75th Street is real
estate investment. The principal business of Mr. Smith is serving
as primary executive officer of JDI and WESCO and similar
entities.
(d)
No Reporting Person, nor any person listed on Schedule A to the
Schedule 13D, has, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e)
No Reporting Person, nor any person listed on Schedule A to the
Schedule 13D, has, during the last five years, been party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such
laws.
(f) Mr.
Smith is a citizens of the United States of America. All of the
entities listed on Schedule A to the Schedule 13D are entities
formed under the laws of various states of the United States of
America.
Item 3.
Source and Amount of Funds or Other Consideration.
The
Shares acquired by the Reporting Persons were purchased with
working capital or personal funds directly from the Issuer, or
received as fees for services, for loaning money to the Issuer, or
arranging loans from others to the Issuer. The aggregate purchase
price of the Shares beneficially owned by SPR cannot be established
as some of the Shares were issued as fees without a stated value in
such transactions.
Item 4.
Purpose of the Transaction.
The
Reporting Persons acquired the Shares based upon direct investment
into the Issuer through various transactions over a period of time.
The Issuer completed a recapitalization resulting in conversion of
outstanding preferred stock and debt into common stock of the
Issuer followed by a reverse split of all outstanding common stock.
This Report is based upon the results of said recapitalization of
the Issuer. In addition, one of the Reporting Persons, the JDS
Trust, has received warrants to purchase 2,886,890 shares of the
Issuer’s common stock at an exercise price of $1.35 per share
in connection with certain debt of the Issuer to the JDS Trust,
which warrants expire on December 31, 2019, as well as the right to
convert the outstanding balance of certain additional loans and
pledges of collateral, currently totaling $200,000 plus accrued
interest, made by the JDS Trust to the Issuer following the
recapitalization at a conversion rate of $0.45 per share at any
time before the loan is repaid, currently granting JDS Trust the
right to acquire approximately 444,444 additional shares of the
Issuer’s common stock.
The
Reporting Persons acquired the Shares based on their belief that
the Shares, when acquired, were undervalued and represented an
attractive investment opportunity. Depending upon overall market
conditions, other investment opportunities available to the
Reporting Persons, and the availability of Shares at prices that
would make the purchase or sale of Shares desirable, the Reporting
Persons may endeavor to increase or decrease their position in the
Issuer through, among other things, the purchase or sale of Shares
on the open market or in private transactions or otherwise, on such
terms and at such times as the Reporting Persons may deem
advisable.
No
Reporting Person has any present plan or proposal which would
relate to or result in any of the matters set forth in
subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set
forth herein or such as would occur upon or in connection with
completion of, or following, any of the actions discussed herein.
The Reporting Persons intend to review their investment in the
Issuer on a continuing basis. Depending on various factors
including, without limitation, the Issuer’s financial
position and investment strategy, the price levels of the Shares,
conditions in the securities markets and general economic and
industry conditions, the Reporting Persons may in the future take
such actions with respect to their investment in the Issuer as they
deem appropriate including, without limitation, continuing to
engaging in communications with management and the Board of
Directors of the Issuer, engaging in discussions with stockholders
of the Issuer and others about the Issuer and the Reporting
Persons’ investment, making proposals to the Issuer
concerning changes to the capitalization, ownership structure,
board structure (including board composition) or operations of the
Issuer, purchasing additional Shares, selling some or all of their
Shares, engaging in short selling of or any hedging or similar
transaction with respect to the Shares, or changing their intention
with respect to any and all matters referred to in Item
4.
Item 5.
Interest in Securities of the Issuer.
The
aggregate percentage of Shares reported owned by each person named
herein is based upon 33,864,642 Shares outstanding, as of January
25, 2018, which is the total number of Shares outstanding as
reported by Company management.
A.
JDI
(a)
JDI, as the general partner of SPR, SH114 and IES, is controlled by
Jerry D. Smith, and may be deemed to own the Shares directly and
beneficially owned by all of the Reporting Persons, aggregating
10,449,757 Shares, plus outstanding warrants to acquire an
additional 2,886,890 shares, as well as the right to convert
additional debt into approximately 444,444 additional shares, for a
total of 13,781,091 shares.
Percentage:
Approximately 37.05%
(b)
1. Sole
power to vote or direct vote: 0
2.
Shared power to vote or direct vote: 13,781,091
3. Sole
power to dispose or direct the disposition: 0
4.
Shared power to dispose or direct the disposition:
13,781,091
(c) The
transactions in the Shares, directly or beneficially, by the
Reporting Person during the past 60 days include on those resulting
from the recapitalization of the Issuer, as well as the right to
convert the outstanding balance of certain additional loans,
currently totaling $200,000 plus accrued interest, made by the JDS
Trust to the Issuer following the recapitalization at a conversion
rate of $0.45 per share at any time before the loan is repaid,
currently granting JDS Trust the right to acquire approximately
444,444 additional shares of the Issuer’s common
stock.
B.
SPR
(a) SPR
may be deemed to own the Shares directly and beneficially owned by
all of the Reporting Persons, aggregating 13,781,091
Shares.
Percentage:
Approximately 37.05%
(b)
1. Sole
power to vote or direct vote: 0
2.
Shared power to vote or direct vote: 13,781,091
3. Sole
power to dispose or direct the disposition: 0
4.
Shared power to dispose or direct the disposition:
13,781,091
(c)
The transactions in the Shares, directly or beneficially, by the
Reporting Person during the past 60 days include on those resulting
from the recapitalization of the Issuer, as well as the right to
convert the outstanding balance of certain additional loans,
currently totaling $200,000 plus accrued interest, made by the JDS
Trust to the Issuer following the recapitalization at a conversion
rate of $0.45 per share at any time before the loan is repaid,
currently granting JDS Trust the right to acquire approximately
444,444 additional shares of the Issuer’s common
stock.
C.
Jerry D. Smith
(a) Mr.
Smith, as the chief executive officer of JDI and WESCO, and as the
trustee of the JDS Trust, may be deemed to own the Shares directly
and beneficially owned by all of the Reporting Persons, aggregating
13,781,091 Shares.
Percentage:
Approximately 37.05%
(b)
1. Sole
power to vote or direct vote: 0
2.
Shared power to vote or direct vote: 13,781,091
3. Sole
power to dispose or direct the disposition: 0
4.
Shared power to dispose or direct the disposition:
13,781,091
(c) The
transactions in the Shares, directly or beneficially, by the
Reporting Person during the past 60 days include on those resulting
from the recapitalization of the Issuer, as well as the right to
convert the outstanding balance of certain additional loans,
currently totaling $200,000 plus accrued interest, made by the JDS
Trust to the Issuer following the recapitalization at a conversion
rate of $0.45 per share at any time before the loan is repaid,
currently granting JDS Trust the right to acquire approximately
444,444 additional shares of the Issuer’s common
stock.
D. JDS
Trust
(a) JDS
Trust is an estate planning trust created by Mr. Smith. Mr. Smith
is the principal beneficiary and the trustee of the trust. JDS
Trust may be deemed to own the Shares directly and beneficially
owned by all of the Reporting Persons, aggregating 13,781,091
Shares.
Percentage:
Approximately 37.05%
(b)
1. Sole
power to vote or direct vote: 0
2.
Shared power to vote or direct vote: 13,781,091
3. Sole
power to dispose or direct the disposition: 0
4.
Shared power to dispose or direct the disposition:
13,781,091
(c) The
transactions in the Shares, directly or beneficially, by the
Reporting Person during
the past 60 days include on those resulting from the
recapitalization of the Issuer, as well as the right to convert the
outstanding balance of certain additional loans, currently totaling
$200,000 plus accrued interest, made by the JDS Trust to the Issuer
following the recapitalization at a conversion rate of $0.45 per
share at any time before the loan is repaid, currently granting JDS
Trust the right to acquire approximately 444,444 additional shares
of the Issuer’s common stock.
E.
WESCO Energy Corporation
(a)
WESCO is owned by SPR and Mr. Smith is the chief executive officer
of WESCO. WESCO may be deemed to own the Shares directly and
beneficially owned by all of the Reporting Persons, aggregating
13,781,091 Shares.
Percentage:
Approximately 37.05%
(b)
1. Sole
power to vote or direct vote: 0
2.
Shared power to vote or direct vote: 13,781,091
3. Sole
power to dispose or direct the disposition: 0
4.
Shared power to dispose or direct the disposition:
13,781,091
(c) The
transactions in the Shares, directly or beneficially, by the
Reporting Person during the past 60 days include on those resulting
from the recapitalization of the Issuer, as well as the right to
convert the outstanding balance of certain additional loans,
currently totaling $200,000 plus accrued interest, made by the JDS
Trust to the Issuer following the recapitalization at a conversion
rate of $0.45 per share at any time before the loan is repaid,
currently granting JDS Trust the right to acquire approximately
444,444 additional shares of the Issuer’s common
stock.
F.
SH114, LLP
(a) JDI
is the general partner of SH114 and its only limited partner is the
JDS Trust. SH114 may be deemed to own the Shares directly and
beneficially owned by all of the Reporting Persons, aggregating
13,781,091 Shares.
Percentage:
Approximately 37.05%
(b)
1. Sole
power to vote or direct vote: 0
2.
Shared power to vote or direct vote: 13,781,091
3. Sole
power to dispose or direct the disposition: 0
4.
Shared power to dispose or direct the disposition:
13,781,091
(c) The
transactions in the Shares, directly or beneficially, by SH114
during the past 60 days include on those resulting from the
recapitalization of the Issuer, as well as the right to convert the
outstanding balance of certain additional loans, currently totaling
$200,000 plus accrued interest, made by the JDS Trust to the Issuer
following the recapitalization at a conversion rate of $0.45 per
share at any time before the loan is repaid, currently granting JDS
Trust the right to acquire approximately 444,444 additional shares
of the Issuer’s common stock.
G.
INSURANCE ENDOWMENT STRATEGIES, LLP
(a) JDI
the general partner of SH114 and its only limited partners are the
JDS Trust and WESCO. IES may be deemed to own the Shares directly
and beneficially owned by all of the Reporting Persons, aggregating
13,781,091 Shares.
Percentage:
Approximately 37.05%
(b)
1. Sole
power to vote or direct vote: 0
2.
Shared power to vote or direct vote: 13,781,091
3. Sole
power to dispose or direct the disposition: 0
4.
Shared power to dispose or direct the disposition:
13,781,091
(c) The
transactions in the Shares, directly or beneficially, by the
Reporting Person during
the past 60 days include on those resulting from the
recapitalization of the Issuer, as well as the right to convert the
outstanding balance of certain additional loans, currently totaling
$200,000 plus accrued interest, made by the JDS Trust to the Issuer
following the recapitalization at a conversion rate of $0.45 per
share at any time before the loan is repaid, currently granting JDS
Trust the right to acquire approximately 444,444 additional shares
of the Issuer’s common stock.
H.
75TH
STREET HOLDINGS, LLC
(a)
Jerry D. Smith the manager of 75th Street and its only
member is the JDS Trust. 75th Street may be
deemed to own the Shares directly and beneficially owned by all of
the Reporting Persons, aggregating 13,781,091 Shares.
Percentage:
Approximately 37.05%
(b)
1. Sole
power to vote or direct vote: 0
2.
Shared power to vote or direct vote: 13,781,091
3. Sole
power to dispose or direct the disposition: 0
4.
Shared power to dispose or direct the disposition:
13,781,091
(c) The
transactions in the Shares, directly or beneficially, by the
Reporting Person during
the past 60 days include on those resulting from the
recapitalization of the Issuer, as well as the right to convert the
outstanding balance of certain additional loans, currently totaling
$200,000 plus accrued interest, made by the JDS Trust to the Issuer
following the recapitalization at a conversion rate of $0.45 per
share at any time before the loan is repaid, currently granting JDS
Trust the right to acquire approximately 444,444 additional shares
of the Issuer’s common stock.
Each
Reporting Person, as a member of a “group” with the
other Reporting Persons for the purposes of Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended, may be deemed the
beneficial owner of the Shares directly owned by the other
Reporting Persons. Each Reporting Person disclaims beneficial
ownership of such Shares except to the extent of his or its
pecuniary interest therein.
(d) No
person other than the Reporting Persons is known to have the right
to receive, or the power to direct the receipt of dividends from,
or proceeds from the sale of, the Shares.
(e) Not
applicable.
Item
6.
Contracts,
Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
On
January 25, 2018 the Reporting Persons entered into a Joint Filing
Agreement in which the Reporting Persons agreed to the joint filing
on behalf of each of them of statements on Schedule 13D with
respect to the securities of the Issuer to the extent required by
applicable law. The Joint Filing Agreement is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Other
than as described herein, there are no contracts, arrangements,
understandings or relationships among the Reporting Persons, or
between the Reporting Persons and any other person, with respect to
the securities of the Issuer.
Item 7.
Material to be Filed as Exhibits.
99.1
Joint Filing
Agreement by and among SPR, JDI, WESCO, SH114, JDS Trust, IES,
75th
Street, and Jerry D. Smith, dated January 25, 2018.
SIGNATURES
After
reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated:
January 25, 2018
JD
INVESTMENTS, INC.
By
/s/Jerry D.
Smith
Jerry
D. Smith, President
SONORAN
PACIFIC RESOURCES, LLP
By JD Investments,
Inc.
General
Partner
By
/s/Jerry D.
Smith
Jerry
D. Smith, President
/s/Jerry D. Smith
JERRY
D. SMITH
JDS
TRUST
By
/s/Jerry D.
Smith
Jerry
D. Smith, Trustee
WESCO
ENERGY CORPORATION
By
/s/Jerry D.
Smith
Jerry
D. Smith, President
SH114,
LLP
By JD Investments,
Inc.
General
Partner
By
/s/Jerry D.
Smith
Jerry
D. Smith, President
INSURANCE ENDOWMENT
STRATEGIES, LLP
By JD
Investments, Inc.
General
Partner
By
/s/Jerry D.
Smith
Jerry
D. Smith, President
75TH STREET HOLDINGS,
LLC
By
/s/Jerry D.
Smith
Jerry
D. Smith, Manager
Schedule A to
13D
Directors and Officers of JD Investments, Inc.
Name
and Position | Principal
Occupation | Business
Address |
Jerry
D. Smith, President, Director | Business
Executive | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
JD
Smith, Vice President | Business
Executive | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Kathy
Berardi, Secretary | Executive Asst,
Bookkeeper | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Partners of Sonoran Pacific Resources, LLP
Name
and Position | Principal
Occupation | Business
Address |
JD
Investments, Inc., General Partner | Investments and
Management | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
JDS
Trust, Limited Partner | Investments | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Sonoran Pacific
Foundation, Inc., Limited Partner | Charity | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Family Life Educational Ministries, Inc.,
Limited Partner | Charity | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Center for Sharing, Inc., Limited
Partner | Charity | 3525
East “A” Street Pasco,
WA 99301 |
Jubilee Foundation, Inc,. Limited
Partner | Charity | 29
Jubilee Circle Prescott, WA
99348 |
Vista Hermosa, Inc., Limited
Partner | Charity | 111
Fishhook Park Rd. Prescott, WA
99348 |
Directors and Officers of WESCO Energy Corporation
Name
and Position | Principal
Occupation | Business
Address |
Jerry
D. Smith, President, CEO Director | Business
Executive | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
JD
Smith, Vice President, Director, Chairman | Business
Executive | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Kathy
Berardi, Secretary | Executive Asst,
Bookkeeper | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Partners of SH114, LLP
Name
and Position | Principal
Occupation | Business
Address |
JD.
Investment, Inc., General Partner | Investments and
Management | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
JDS
Trust, Limited Partner | Investments | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Partners of Insurance Endowment
Strategies, LLP
Name
and Position | Principal
Occupation | Business
Address |
JD.
Investment, Inc., General Partner | Investments and
Management | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
JDS
Trust, Limited Partner | Investments | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
WESCO Energy
Corporation, Limited Partner | Energy
Industry Investments | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
Manager and Members of 75th Street
Holdings, LLC
Name
and Position | Principal
Occupation | Business
Address |
Jerry
D. Smith, Manager | Investments and
Management | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |
JDS
Trust, Member | Investments | 10632
N Scottsdale Road, #208 Scottsdale, AZ
85254 |