o
|
Rule
13d-1(b)
|
|
x
|
Rule
13d-1(c)
|
|
o
|
Rule
13d-1(d)
|
*
|
The remainder of
this cover page shall be
filled out for a reporting
person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover
page.
|
CUSIP
No. 94762T 10 7
|
13G
|
Page
2 of 6 Pages
|
1.
|
NAME
OF REPORTING PERSONS
Douglas
M. Polinsky
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
|
(a)
o
(b)
o
|
||
3.
|
SEC
USE ONLY
|
|
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
|
|
NUMBER
OF
SHARES
|
5. SOLE
VOTING POWER
775,000
|
|
BENEFICIALLY
OWNED
BY
|
6. SHARED
VOTING POWER
3,733,333
|
|
EACH
REPORTING
|
7.SOLE
DISPOSITIVE POWER
775,000
|
|
PERSON
WITH
|
8.SHARED
DISPOSITIVE POWER
3,733,333
|
|
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,508,333
SHARES
|
|
10.
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
o
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.9%
|
|
12.
|
TYPE
OF REPORTING PERSON*
IN
|
CUSIP
No. 94762T 10 7
|
13G
|
Page
3 of 6 Pages
|
1.
|
NAME
OF REPORTING PERSONS
Lantern
Advisers, LLC
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
|
(a)
o
(b)
o
|
||
3.
|
SEC
USE ONLY
|
|
4.
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
|
|
NUMBER
OF
SHARES
|
5. SOLE
VOTING POWER
3,733,333
|
|
BENEFICIALLY
OWNED
BY
|
6. SHARED
VOTING POWER
0
|
|
EACH
REPORTING
|
7.SOLE
DISPOSITIVE POWER
3,733,333
|
|
PERSON
WITH
|
8.SHARED
DISPOSITIVE POWER
0
|
|
9.
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,733,333
SHARES
|
|
10.
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
o
|
|
11.
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.0%
|
|
12.
|
TYPE
OF REPORTING PERSON*
OO
(limited liability company)
|
CUSIP
No. 94762T 10 7
|
13G
|
Page
3 of 6 Pages
|
(a)
|
o Broker or dealer
registered under Section 15 of the Act (15 U.S.C. 78o);
|
|
(b)
|
o Bank as defined
in Section 3(a)(6) of the Act (15 U.S.C. 78c);
|
|
(c)
|
o
Insurance company as defined in Section 3(a)(19) of the Act (15
U.S.C. 78c);
|
|
(d)
|
o
Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
|
|
(e)
|
o An investment
adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
|
|
(f)
|
o An
employee benefit plan or endowment fund
in accordance with §
240.13d-1(b)(1)(ii)(F);
|
|
(g)
|
o A
parent holding company or control person
in accordance with § 240.13d-1(b)(1)(ii)(G);
|
|
(h)
|
o A
savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
|
(i)
|
o
A church plan that is excluded from the definition of
an
investment company under Section 3(c)(14) of
the Investment Company Act (15 U.S.C.
80a-3);
|
|
(j)
|
o Group, in
accordance with § 240.13d-1(b)(1)(ii)(J);
|
|
(k)
|
o Group, in
accordance with '
240.13d-1(b)(1)(ii)(K).
|
|
If
filing as a non-U.S. institution in accordance with '
240.13d-1(b)(1)(ii)(J), please specify the type of
institution: __________________.
|
CUSIP
No. 94762T 10 7
|
13G
|
Page
4 of 6 Pages
|
(a)
|
Amount
beneficially owned:
|
|
4,508,333
SHARES (Includes 775,000 shares owned individually by Mr. Polinsky and
3,733,333 shares held by Lantern Advisers, LLC, consisting of 200,000
shares of common stock, 200,000 shares issuable upon exercise of a warrant
and 3,333,333 shares issuable upon conversion of a promissory
note. Mr. Polinsky is a member and manager of Lantern Advisers,
LLC.)
|
||
(b)
|
Percent
of class:
|
|
16.9%
|
||
(Based
upon 23,090,840 shares outstanding on February 13, 2009 as reported by the
Issuer in its most recently filed Form 10K)
|
||
(c)
|
Number
of shares as to which such person
has:
|
(i)
|
Sole
power to vote or to direct the vote: 775,000
|
|
(ii)
|
Shared
power to vote or to direct the
vote: 3,733,333
|
|
(iii)
|
Sole
power to dispose or to direct the disposition of:
775,00
|
|
|
||
(iv)
|
Shared
power to dispose or to direct the disposition
of:3,733,333
|
(a)
Not applicable
|
|
(b)
Not applicable
|
Dated:
February 17, 2009
|
/s/ Douglas M. Polinsky
|
|
Douglas
M. Polinsky
|
||
Lantern
Advisers, LLC
|
||
By:
|
Douglas M. Polinsky
|
|
Manager
|