Filing Details

Accession Number:
0001017951-11-000256
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-12-22 14:47:41
Reporting Period:
2011-10-12
Filing Date:
2011-12-22
Accepted Time:
2011-12-22 14:47:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
888702 Psi Corp PSCP.PK Services-Business Services, Nec (7389) 880270266
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1232118 Lllp Partners Investment Lazarus 3200 Cherry Creek South Drive
Suite 670
Denver CO 80209
No No Yes No
1531960 B Justin Borus 3200 Cherry Creek South Drive
Suite 670
Denver CO 80209
No No Yes No
1531964 Lazarus Management Co Llc 3200 Cherry Creek South Drive
Suite 670
Denver CO 80209
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2011-10-12 266,667 $0.10 27,960,424 No 4 J Direct
Common Stock Acquisiton 2011-10-12 5,714,286 $0.04 33,674,710 No 4 C Direct
Common Stock Acquisiton 2011-10-12 75,556 $0.10 33,750,266 No 4 J Direct
Common Stock Acquisiton 2011-10-31 295,000 $0.04 34,045,266 No 4 P Direct
Common Stock Disposition 2011-11-01 2,318,194 $0.00 31,727,072 No 4 J Direct
Common Stock Acquisiton 2011-11-01 10,000 $0.04 31,737,072 No 4 P Direct
Common Stock Acquisiton 2011-11-02 15,000 $0.04 31,752,072 No 4 P Direct
Common Stock Acquisiton 2011-11-03 30,000 $0.04 31,782,072 No 4 P Direct
Common Stock Acquisiton 2011-11-04 10,000 $0.04 31,792,072 No 4 P Direct
Common Stock Acquisiton 2011-11-08 5,000 $0.03 31,797,072 No 4 P Direct
Common Stock Acquisiton 2011-11-15 1,000 $0.03 31,798,072 No 4 P Direct
Common Stock Acquisiton 2011-11-17 1,000 $0.03 31,799,072 No 4 P Direct
Common Stock Acquisiton 2011-11-30 302,000 $0.03 32,101,072 No 4 P Direct
Common Stock Acquisiton 2011-12-05 100,000 $0.03 32,201,072 No 4 P Direct
Common Stock Acquisiton 2011-12-09 100,000 $0.03 32,301,072 No 4 P Direct
Common Stock Acquisiton 2011-12-13 21,000 $0.03 32,322,072 No 4 P Direct
Common Stock Acquisiton 2011-12-19 110,000 $0.02 32,432,072 No 4 P Direct
Common Stock Acquisiton 2011-12-20 1,000 $0.02 32,433,072 No 4 P Direct
Common Stock Acquisiton 2011-12-21 1,000 $0.02 32,434,072 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 C Direct
No 4 J Direct
No 4 P Direct
No 4 J Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock 10% Convertible Note Disposition 2011-10-12 0 $0.00 5,714,286 $0.04
Preferred Cumulative Convertible Senior Note Acquisiton 2011-10-24 0 $100,000.00 0 $0.00
Common Stock Common Stock Warrants Acquisiton 2011-10-24 5,000,000 $0.00 5,000,000 $0.04
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2010-01-05 2011-01-05 No 4 C Direct
0 2011-10-24 2012-10-24 No 4 P Direct
5,000,000 2011-10-24 2016-10-24 No 4 P Direct
Footnotes
  1. Shares issued by issuer in exchange for accrued interest under a Convertible Note issued at a valuation of $0.10 a share. Certificate is dated April 28, 2011.
  2. Shares issued by issuer in exchange for accrued interest under a Convertible Note issued at a valuation of $0.10 a share.
  3. Shares distributed to former investors in Lazarus Investment Partners LLLP.
  4. Issuer extended expiration date since Convertible Note was not paid when due.
  5. Pursuant to a Note and Warrant Purchase Agreement, Lazarus Investment Parnters LLLP purchased the Cumulative Convertible Senior Note and Common Stock Warrants for a total purchase price of $100,000, which was not allocated separately between the Note and Warrants. The Note is only convertible with the consent of the holders of majority of the outstanding principal amount of the Note and all other Notes issued in the Offering and is convertible into the Issuer's Series A Preferred Stock at a conversion price of $25,000 per share of Series A Preferred Stock. The Note is also automatically converted upon conversion of all of the Issuer's convertible debt. The Series A Preferred Stock is convertible into Common Stock at the rate of 1,250,000 shares of Common Stock for each share of Series A Preferred Stock. The conversion rates and exercise price are subject to certain adjustments and the Warrants can also be exercised on a net-exercise basis.