FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/29/2009 |
3. Issuer Name and Ticker or Trading Symbol
CARDTREND INTERNATIONAL INC. [ CDTR ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 32,952,990 | D(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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: 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 |
Explanation of Responses: |
1. From approximately May 2007 to April 2008, RBSM LLP ("RBSM") was engaged as the Issuer's auditor. Peter Stefanou is the Managing Partner of RBSM. On April 22, 2008, Issuer terminated RBSM. On May 5, 2008, Issuer issued a convertible note in the amount of $200,000 to RBSM (the "RBSM Note") for a term of 6 months (the "Maturity Date"). On the Maturity Date, if the Issuer did not pay the principal and interest of the RBSM Note, the RBSM Note was convertible, at the option of RBSM, into shares of the Issuer's Common Stock, at a conversion price equal to the average closing bid price of the Company's Common Stock for the five (5) days preceding the Maturity Date. On October 30, 2008, the Issuer and RBSM signed an agreement to extend the Maturity Date from November 4, 2008 to May 4, 2009. On May 5, 2009, RBSM elected to convert the principal amount of the RBSM Note and all interest accrued thereunder into 32,950,990 shares of the Issuer's Common Stock. |
/s/Peter Stefanou, Managing Partner | 06/05/2009 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |