[ ] | Rule 13d-1(b) |
[ X ] | Rule 13d-1(c) |
[ ] | Rule 13d-1(d) |
CUSIP NO.73740J308
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13G
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Page 2 of 5 Pages
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1
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NAMES OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Toledo Advisors LLC
47-1418462
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Toledo Advisors LLC has rights under a convertible note to own a aggregate number of share of the issue common stock not to exceed 9.9 percent of shares outstanding
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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[ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%*
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12
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TYPE OF REPORTING PERSON
Limited Liability Company
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*
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On the day of the event which requires filling of this statement, reporting person Toledo Advisors LLC has rights under a convertible note to own an aggregate number of shares of the issues common stock not to exceed 9.9 percent of shares outstanding
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CUSIP NO.73740J308
|
13G
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Page 3 of 5 Pages
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Item 1. | (a) | Name of Issuer: |
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POSITIVEID CORPORATION
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(b) | Address of Issuer’s Principal Executive Offices: |
Item 2. | (a) | Name of Person Filing: |
(b) | Address of Principal Business Office or, if None, Residence: |
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641 5th St
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Lakewood, NJ 08701
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(c) | Citizenship: |
(d) | Title of Class of Securities: |
(e) | CUSIP Number: 73740J308 |
Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
(a) | [ ] | Broker or dealer registered under Section 15 of the Exchange Act. |
(b) | [ ] | Bank as defined in Section 3(a)(6) of the Exchange Act. |
(c) | [ ] | Insurance company as defined in Section 3(a)(19) of the Exchange Act. |
(d) | [ ] | Investment company registered under Section 8 of the Investment Company Act. |
(e | [ ] | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
(f) | [ ] | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
(g) | [ ] | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
(h) | [ ] | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
(i) | [ ] | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; |
(j) | [ ] | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
CUSIP NO.73740J308
|
13G
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Page 4 of 5 Pages
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Item 4. | Ownership. |
XXXXX
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XXXXX
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(a)
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Amount beneficially owned:
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0
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xxxxxxxx
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(b)
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Percent of class:
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9.9%*
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x.xx%
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote:
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0
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xxxxxxxx
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(ii)
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Shared power to vote or to direct the vote:
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0
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xxxxxxxx
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(iii)
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Sole power to dispose or to direct the disposition of:
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0
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xxxxxxxx
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(iv)
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Shared power to dispose or to direct the disposition of:
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0
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xxxxxxxx
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Item 5. | Ownership of Five Percent or Less of a Class. |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Item 8. | Identification and Classification of Members of the Group. |
Item 9. | Notice of Dissolution of Group. |
*
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On the day of the event which requires filling of this statement, reporting person Toledo Advisors LLC has rights under a convertible note to own an aggregate number of shares of the issues common stock not to exceed 9.9 percent of shares outstanding
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73740J308
|
13G
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Page 5 of 5 Pages
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Item 10. | Certification. |
Company Name
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By:
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/s/ Moshe Mueller
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Name:
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Moshe Mueller
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Title:
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Managing Member
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Date:
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June 1, 2016
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