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
- 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.
- Shares issued by issuer in exchange for accrued interest under a Convertible Note issued at a valuation of $0.10 a share.
- Shares distributed to former investors in Lazarus Investment Partners LLLP.
- Issuer extended expiration date since Convertible Note was not paid when due.
- 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.