CUSIP No.
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923449102
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1 |
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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John Stetson
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a)
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(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
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United States
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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
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0
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6
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SHARED VOTING POWER
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100,000(1)
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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100,000(1)
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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100,000(1)
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.3% (based on 1,208,000 shares of common stock outstanding as of February 17, 2015)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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(1)
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Held by HS Contrarian Investments, LLC. John Stetson is the President of HS Contrarian Investments, LLC and in such capacity, is deemed to hold voting and dispositive power of the securities held by HS Contrarian Investments, LLC. Excludes shares of common stock issuable upon conversion of (1) a convertible promissory note in the principal amount of $100,000 with an initial conversion price of $0.20 per share which contains a blocker prohibiting the holder from converting such note to the extent such conversion would cause the holder to hold in excess of 4.99% of the Issuer’s issued and outstanding common stock (the “Blocker”), (2) a convertible promissory note in the principal amount of $83,333 with an initial conversion price of $0.75 per share which contains a Blocker, and (3) a convertible promissory note in the principal amount of $47,256 with an initial conversion price of $0.75 per share which contains a Blocker. All conversion prices referenced are subject to adjustment, as set forth in such notes.
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CUSIP No.
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923449102
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
||||
HS Contrarian Investments, LLC
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
||||
(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
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
5
|
SOLE VOTING POWER
|
|||
0
|
|||||
6
|
SHARED VOTING POWER
|
||||
100,000 (1)
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|||||
7
|
SOLE DISPOSITIVE POWER
|
||||
0
|
|||||
8
|
SHARED DISPOSITIVE POWER
|
||||
100,000 (1)
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|||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
100,000 (1)
|
|||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||
|
|||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
||||
8.3% (based on 1,208,000 shares of common stock outstanding as of February 17, 2015)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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VERITEQ CORPORATION
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220 Congress Park Drive, Suite 200
Delray Beach, Florida
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The statement is filed on behalf of John Stetson and HS Contrarian Investments, LLC.
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555 South Federal Highway #450
Boca Raton, FL 33432
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United States/Delaware
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Common Stock, $0.01 par value
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923449102
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Item 3.
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Type of Person
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Item 4.
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Ownership.
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(a)
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Amount beneficially owned: 100,000 (1)
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(b)
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Percent of class: 8.3%
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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: 0
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(ii)
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Shared power to vote or to direct the vote: 100,000(1)
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(iii)
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Sole power to dispose or to direct the disposition of: 0
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(iv)
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Shared power to dispose or to direct the disposition of: 100,000(1)
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Date: February 19, 2015
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By:
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/s/ John Stetson
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John Stetson
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HS Contrarian Investments, LLC
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Date: February 19, 2015
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By:
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/s/ John Stetson
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Name: John Stetson
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Title: President
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