Filing Details
- Accession Number:
- 0001477932-12-000521
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2012-02-22 18:06:31
- Reporting Period:
- 2009-12-14
- Filing Date:
- 2012-02-22
- Accepted Time:
- 2012-02-22 18:06:31
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1106645 | Debt Resolve Inc | DRSV | Services-Business Services, Nec (7389) | 330889197 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1542790 | R Douglas Denhart | C/O Douglas Holdings, Llc 100 Newport Center Dr., Suite 200 Newport Beach CA 92660 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Promissory Note (Repayment) | Disposition | 2010-04-02 | 34,990 | $0.00 | 0 | No | 4 | J | Direct | |
| Common Stock (Conversion Of Accounts Payable) | Acquisiton | 2010-08-03 | 800,000 | $0.15 | 5,250,000 | No | 4 | J | Indirect | See footnote |
| Common Stock | Disposition | 2010-08-03 | 800,000 | $0.15 | 4,450,000 | No | 4 | S | Indirect | See footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | J | Direct | |
| No | 4 | J | Indirect | See footnote |
| No | 4 | S | Indirect | See footnote |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Warrants (Right to Buy) | Acquisiton | 2009-12-14 | 2,000,000 | $0.00 | 2,000,000 | $0.15 |
| Common Stock | Warrants (Right to Buy) - Assignment | Disposition | 2010-05-17 | 250,000 | $0.00 | 250,000 | $0.15 |
| Common Stock | Warrants (Right to Buy) - Assignment | Disposition | 2010-05-28 | 100,000 | $0.00 | 100,000 | $0.15 |
| Common Stock | Warrants (Right to Buy) - Assignment | Disposition | 2010-07-28 | 200,000 | $0.00 | 200,000 | $0.15 |
| Common Stock | Warrants (Right to Buy) - Consulting | Acquisiton | 2010-08-11 | 500,000 | $0.00 | 500,000 | $0.25 |
| Common Stock | Warrants (Right to Buy) - Consulting | Acquisiton | 2010-08-12 | 2,075,000 | $0.00 | 2,075,000 | $0.25 |
| Common Stock | Warrants (Right to Buy) - Assignment | Disposition | 2010-08-12 | 1,275,000 | $0.00 | 1,275,000 | $0.25 |
| Common Stock | Warrants (Right to Buy) - Assignment | Disposition | 2010-11-03 | 520,000 | $0.00 | 520,000 | $0.25 |
| Common Stock | Warrants (Right to Buy) - Assignment | Disposition | 2011-04-14 | 250,000 | $0.00 | 250,000 | $0.25 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,000,000 | 2009-12-14 | 2014-12-14 | No | 4 | A | Direct |
| 1,750,000 | 2009-12-14 | 2014-12-14 | No | 4 | D | Direct |
| 1,650,000 | 2009-12-14 | 2014-02-14 | No | 4 | D | Direct |
| 1,450,000 | 2009-12-14 | 2014-12-14 | No | 4 | D | Direct |
| 1,950,000 | 2010-08-11 | 2015-08-11 | No | 4 | A | Indirect |
| 4,025,000 | 2010-08-12 | 2015-08-12 | No | 4 | A | Indirect |
| 2,750,000 | 2010-08-12 | 2015-08-12 | No | 4 | D | Indirect |
| 2,230,000 | 2010-08-12 | 2015-08-12 | No | 4 | D | Indirect |
| 1,980,000 | 2010-08-12 | 2015-08-12 | No | 4 | D | Indirect |
Footnotes
- $34,990 Promissory Note.
- Indirect transactions represent conversion of accounts payable invoice of Douglas Holdings LLC in the amount of $120,000 to stock at $0.15; stock immediately sold to third party; Mr. Denhart is the managing member of Douglas Holdings LLC.
- Indirect transactions are with Douglas Holdings LLC, of which Mr. Denhart is the managing member.
- As of this date, Mr. Denhart?s position has fallen below the 10% threshold.
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