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 |
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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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Convertible Preferred Stock | Â (4) | Â (4) | Common Stock | 2,030,000 | $ (5) | D | Â |
Warrants | Â (4) | 01/31/2007 | Common Stock | 1,366,500 | $ 1.1 | D | Â |
Options | Â (6) | 04/08/2015 | Common Stock | 50,000 | $ 0.3 | D | Â |
Series A Convertible Preferred Stock | Â (4) | Â (4) | Common Stock | 2,000,000 | $ (5) | I | Owned by Metro Crown Holdings (3) |
Warrants | Â (4) | 01/31/2006 | Common Stock | 1,293,333 | $ 1.25 | I | Owned by Metro Crown Holdings (3) |
Warrants | Â (4) | 01/31/2007 | Common Stock | 1,293,333 | $ 1.5 | I | Owned by Metro Crown Holdings (3) |
Warrants | Â (4) | 01/31/2008 | Common Stock | 1,293,334 | $ 1.75 | I | Owned by Metro Crown Holdings (3) |
Options | Â (7) | 04/08/2015 | Common Stock | 150,000 | $ 0.3 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Cheung Kenny W 1802 16TH STREET SW CALGARY, A0 T2T 4E2 |
 |  X |  |  |
/s/ Kenny Cheung | 05/17/2006 | |
**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) | Mr. Cheung is the sole shareholder of Tiger Paw Capital, Inc. |
(2) | Mr. Cheung has an ownership interest in Fluent Entertainment, Inc. |
(3) | Mr. Cheung holds the proxy to vote the shares of Metro Crown Holdings |
(4) | Warrants are exercisable at any time |
(5) | Convertible on a one-for-one basis upon exercise |
(6) | 33,333 have vested and the rest vest monthly through 12/31/06 |
(7) | 100,000 have vested and the rest vest monthly through 12/31/06 |