UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
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 of Derivative Security: 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 | ||||
Class D 2% Convertible Preferred Stock | Â (1) | Â (2) | Common Stock | 8,334,000 | $ (3) | D | Â |
Common Stock Purchase Warrant | Â (1) | 03/12/2012 | Common Stock | 4,166,500 | $ 0.3 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Boston Avenue Capital 15 EAST 5TH STREET SUITE 3200 TULSA, OK 74103 |
 |  X |  |  |
Value Fund Advisors, LLC 415 SOUTH BOSTON AVENUE 9TH FLOOR TULSA, OK 74103 |
 |  X |  |  |
Gillman Charles M 415 SOUTH BOSTON AVE 9TH FLOOR TULSA, OK 74103 |
 |  X |  |  |
Frederic Dorwart | 03/23/2007 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | These shares are exercisable at any time. |
(2) | There is no expiration date. |
(3) | Each share is convertible into 2,000 shares of common stock. |
 Remarks: This is a joint Form 3 filing.  Boston Avenue Capital, LLC is the designated filer. All reporting persons are located at the same address as the designated filer.  Value Fund Advisors, LLC owns 12,500,500 shares held indirectly. VFA is the investment advisor for Boston. VFA disclaims beneficial ownership of these shares. Charles M. Gillman owns 12,500,500 shares held indirectly. Mr. Gillman is the manager and member of VFA. Mr. Gillman disclaims beneficial ownership of these shares. |