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 |
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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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Convertible Debenture (right to buy) (2) | 03/28/2008 | 03/28/2013 | Common Stock | 41,152,263 (3) | $ 0.0486 | D (1) | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Halfmoon Bay Capital Ltd TRIDENT CHAMBERS, P.O. BOX 146 ROAD TOWN TORTOLA, D8 00000 |
 |  X |  |  |
Wan Hamzah Wan Azmi SUITE 10.3, WEST WING, ROHAS PERKASA 9 JALAN PERAK KUALA LUMPUR, N8 50450 |
 |  X |  |  |
/s/ Philip Yee, Attorney-in-Fact for Wan Azmi Wan Hamzah | 04/08/2008 | |
**Signature of Reporting Person | Date | |
/s/ Philip Yee, Attorney-in-Fact for Halfmoon Bay Capital Ltd | 04/08/2008 | |
**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) | The shares of common stock and debenture are owned directly by Halfmoon Bay Capital Ltd and indirectly by Wan Azmi Wan Hamzah, who is both a shareholder and a director of Halfmoon Bay Capital Ltd. Halfmoon Bay Capital Ltd has three shareholders, who are Wan Azmi Hamzah, Nik Anida Bte Nik Manshor and Wan Afzal Bin Wan Azmi and two directors, who are Wan Azmi Wan Hamzah and Nik Anida Bte Nik Manshor. |
(2) | $2,000,000 of a 9% Convertible Debenture |
(3) | Wan Afzal Bin Wan Azmi expressly disclaims beneficial ownership of these securities as Wan Afzal Bin Wan Azmi is not a director of Halfmoon Bay Capital Ltd and the Board of Directors of Halfmoon Bay Capital Ltd makes the ultimate voting and investment decisions with respect to these shares. |
 Remarks: Exhibit List: Exhibit 24.1 - Power of Attorney for Halfmoon Bay Capital Ltd Exhibit 24.2 - Power of Attorney for Wan Azmi Wan Hamzah |