1.
|
Names of Reporting Persons
|
Michael Brauser
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
(a) x
(b) o |
3.
|
SEC Use Only ...........................................................................................................................
|
4.
|
Source of Funds (See Instructions)
|
PF
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) □
|
6.
|
Citizenship or Place of Organization
|
U.S.A.
|
Number of
Shares Bene-
|
7.
|
Sole Voting Power
15,239,986 (1)(2)
|
ficially Owned by Each
Reporting
|
8.
|
Shared Voting Power
6,484,398 (1)(3)
|
Person With
|
9.
|
Sole Dispositive Power
15,239,986 (1)(2)
|
10.
|
Shared Dispositive Power
6,484,398 (1)(3)
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
21,724,384 (1)(2)(3)
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
12.1% (4)
|
14.
|
Type of Reporting Person (See Instructions)
|
IN – Individual
|
(1)
|
Michael Brauser voluntarily reports direct and indirect holdings of the Issuer’s Common Stock.
|
(2)
|
Of the 15,239,986 shares of common stock owned, (i) 10,070,097 shares of common stock held by Michael Brauser; (ii) 1,100,000 stock options held of record by Michael Brauser which are vested and are exercisable into 1,100,000 shares of common stock at CAD$0.20 per share; (iii) 1,388,889 warrants held of record by Michael Brauser which are exercisable into 1,388,889 shares of common stock at CAD $0.20 and (iv) 2,672,000 warrants held of record by Michael Brauser which are exercisable into 2,672,000 shares of common stock at CAD$0.35 per share .
|
(3)
|
Of the 6,484,398 shares of common stock owned, (i) 88,000 shares of common stock held by Grander Holdings, Inc. 401K Profit Sharing Plan, which are deemed to be indirectly owned and controlled by Michael Brauser; (ii) 4,205,599 shares of common stock held by Birchtree Capital, LLC, which are deemed to be indirectly owned and controlled by Michael Brauser; (iii) 88,000 warrants held of record by Grander Holdings, Inc. 401K Profit Sharing Plan, which are deemed to be indirectly owned and controlled by Michael Brauser, and which are exercisable into 88,000 shares of common stock at CAD$0.35 per share; and (iv) 2,102,799 warrants held of record by Birchtree Capital, LLC, which are deemed to be indirectly owned and controlled by Michael Brauser, and which are exercisable into 2,102,799 shares of common stock at CAD$0.20 per share.
|
(4)
|
Based on 172,751,863 shares outstanding as of August 28, 2012.
|
1.
|
Names of Reporting Persons
|
Grander Holdings, Inc. 401K Profit Sharing Plan
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
(a) x
(b) o |
3.
|
SEC Use Only ...........................................................................................................................
|
4.
|
Source of Funds (See Instructions)
|
WC
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) □
|
7.
|
Citizenship or Place of Organization
|
Florida
|
Number of
Shares Bene-
|
7.
|
Sole Voting Power
0
|
ficially Owned by Each
Reporting
|
8.
|
Shared Voting Power
176,000 (1)(2)
|
Person With
|
9.
|
Sole Dispositive Power
0
|
10.
|
Shared Dispositive Power
176,000 (1)(2)
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
176,000 (1)(2)
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
0.1% (3)
|
14.
|
Type of Reporting Person (See Instructions)
|
OO – Other
|
(1)
|
Grander Holdings, Inc. 401K Profit Sharing Plan voluntarily reports direct and indirect holdings of the Issuer’s Common Stock.
|
(2)
|
Of the 176,000 shares of common stock owned, (i) 88,000 shares of common stock held by Grander Holdings, Inc. 401K Profit Sharing Plan, which are deemed to be indirectly owned and controlled by Michael Brauser; and (ii) 88,000 warrants held of record by Grander Holdings, Inc. 401K Profit Sharing Plan, which are deemed to be indirectly owned and controlled by Michael Brauser, and which are exercisable into 88,000shares of common stock at CAD$0.35 per share.
|
(3)
|
Based on 172,751,863shares outstanding as of August 28, 2012.
|
1.
|
Names of Reporting Persons
|
Birchtree Capital, LLC
|
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
(a) x
(b) o |
3.
|
SEC Use Only ...........................................................................................................................
|
4.
|
Source of Funds (See Instructions)
|
WC
|
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) □
|
8.
|
Citizenship or Place of Organization
|
Florida
|
Number of
Shares Bene-
|
7.
|
Sole Voting Power
0
|
ficially Owned by Each
Reporting
|
8.
|
Shared Voting Power
6,308,398 (1)(2)
|
Person With
|
9.
|
Sole Dispositive Power
0
|
10.
|
Shared Dispositive Power
6,308,398 (1)(2)
|
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
|
6,308,398 (1)(2)
|
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
|
13.
|
Percent of Class Represented by Amount in Row (11)
|
3.7% (3)
|
14.
|
Type of Reporting Person (See Instructions)
|
OO – Other
|
(1)
|
Birchtree Capital, LLC voluntarily reports direct and indirect holdings of the Issuer’s Common Stock.
|
(2)
|
Of the 6,308,398 shares of common stock owned, (i) 4,205,599 shares of common stock held by Birchtree Capital, LLC, which are deemed to be indirectly owned and controlled by Michael Brauser; and (ii) 2,102,799 warrants held of record by Birchtree Capital, LLC, which are deemed to be indirectly owned and controlled by Michael Brauser, and which are exercisable into 2,102,799 shares of common stock at CAD$0.20 per share.
|
(3)
|
Based on 172,751,863 shares outstanding as of August 28, 2012.
|
(a)
|
This statement is being filed by Michael Brauser (“Brauser”), Grander Holdings, Inc. 401K Profit Sharing Plan (“Grander 401K”) and Birchtree Capital, LLC (“Birchtree” and together with Brauser and Grander 401K, the “Reporting Persons”).
|
(b)
|
The Reporting Persons’ principal business address is 4400 Biscayne Boulevard, Miami, Florida 33137.
|
(c)
|
N/A.
|
(d)
|
During the last five years, the Reporting Persons have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
|
(e)
|
During the last five years, the Reporting Persons have not been a 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 violations with respect to such laws.
|
(f)
|
United States of America.
|
(a)
|
As of the date hereof, Mr. Brauser beneficially owns 21,724,384 shares of the Issuer’s common stock(1), which represents approximately 12.1% of the Issuer’s common stock.
|
(b)
|
Mr. Brauser may be deemed to hold sole voting and dispositive power over 15,239,986 shares of common stock of the Issuer (2) and shares voting and dispositive power over 6,484,398 shares of common stock of the Issuer (3).
|
Grander 401K may be deemed to hold shared voting and dispositive power over 176,000 shares of common stock of the Issuer (4).
|
Birchtree may be deemed to hold shared voting and dispositive power over 6,308,398 shares of common stock of the Issuer (5).
|
(c)
|
Other than disclosed herein, the Reporting Persons have not effected any transactions in the shares of the Issuer during the past 60 days.
|
(d)
|
To the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the 21,724,384 shares of common stock reported in Item 5(a).
|
(e)
|
Not applicable.
|
Exhibit
Number
|
Description
|
99.1
|
Joint Filing Agreement with Grander Holdings, Inc. 401K and Birchtree Capital, LLC
|
Dated: September 6, 2012
|
/s/ Michael Brauser
|
||
Michael Brauser
|
|||
Dated: September 6, 2012
|
GRANDER HOLDINGS, INC. 401K
|
||
By:
|
/s/ Michael Brauser
|
||
Michael Brauser
|
Dated: September 6, 2012
|
BIRCHTREE CAPITAL, LLC
|
||
By:
|
/s/ Michael Brauser
|
||
Michael Brauser
|
Exhibit
Number
|
Description
|
99.1
|
Joint Filing Agreement with Grander Holdings, Inc. 401K and Birchtree Capital, LLC
|
Dated: September 6, 2012
|
By:
|
/s/ Michael Brauser
|
|
Michael Brauser
|
|||
Dated: September 6, 2012
|
BIRCHTREE CAPITAL, LLC
|
||
By:
|
/s/ Michael Brauser
|
||
Michael Brauser
|
Dated: September 6, 2012
|
GRANDER HOLDINGS, INC. 401K PROFIT SHARING PLAN
|
||
By:
|
/s/ Michael Brauser
|
||
Michael Brauser
|