CUSIP No. 55414P108 | |
1
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NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jonathan Honig
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (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
United States
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NUMBER OF SHARES
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5
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SOLE VOTING POWER
534,095(1)
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BENEFICIALLY
OWNED BY
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6
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SHARED VOTING POWER
0
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EACH
REPORTING
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7
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SOLE DISPOSITIVE POWER
534,095 (1)
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PERSON WITH
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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
534,095 (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
9.17 (2)
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12
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TYPE OF REPORTING PERSON
IN
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(1)
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Does not include 6,452 shares of the Issuer’s Series D Convertible Preferred Stock (“Series D Stock”) owned by the Reporting Person. Each share of Series D Stock is convertible into 100 shares of the Issuer’s common stock; however, the Certificate of Designation of the Series D Stock contains a 4.99% conversion blocker.
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(2)
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Based on 5,827,327 shares of the Issuer’s common stock outstanding as of March 25, 2015, the trigger date of this Schedule 13G. As of April 7, 2015, Mr. Honig owns less than of 5% of the Issuer’s outstanding common stock.
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Item 3.
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Type of Person
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(1)
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Does not include 6,452 shares of the Issuer’s Series D Convertible Preferred Stock (“Series D Stock”) owned by the Reporting Person. Each share of Series D Stock is convertible into 100 shares of the Issuer’s common stock. However, the Certificate of Designation of the Series D Stock contains a 4.99% conversion blocker.
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(2)
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Based on 5,827,327 shares of the Issuer’s common stock outstanding as of March 25, 2015, the trigger date of this Schedule 13G. As of April 7, 2015, Reporting Person owns less than of 5% of the Issuer’s issued and outstanding common stock.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported by the Parent Holding Company.
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Date: April 10, 2015
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By:
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/s/ Jonathan Honig
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Jonathan Honig
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