NOTE HOLDERS
42 individual promissory note holders and 16 institutional holders identified from SEC filing text. Expanded - covers major individual and institutional note holders identified across key Cane network entities. Includes named individuals from promissory note exhibits, selling shareholder tables, and note payable disclosures across 257 entities with 1,892 note-related filings.
42
INDIVIDUALS
named holders
16
INSTITUTIONAL
funds / entities
6
CELLS
represented
97
TOTAL NOTES
across holders
TOP HOLDERS BY NOTE COUNT
KEY INSIGHTS
- Michael Cane / Cane Clark LLP enabled note conversions across 257+ entities via opinion letters, making the firm the systemic enabler rather than a direct note holder. Every convertible note conversion required a Cane Clark opinion letter.
- Cornell Capital Partners LP was the most prolific institutional toxic convertible lender, appearing at 3+ entities with identical Standby Equity Distribution Agreement structures. Montgomery Equity Partners LP was an affiliated fund using the same pattern.
- Longview Fund LP (plus two affiliated entities) layered multi-tranche convertible notes totaling $3.369M at 5G Wireless alone, with conversion at 75% of the 5 lowest bid prices - a classic death spiral financing mechanism.
- The Tasker Capital Corp (CIK 1084557) filing is a Rosetta Stone for note holder identification: 4 named individuals (Barry Cummins, David Creasy, David Dickinson, Philip Georgas) plus Pharlo entities issued promissory notes, all disclosed in exhibit indices.
- Cell leaders (Wallace, Anderson) appear primarily as officer/signatories rather than named note holders. The note holder names are often external parties (individuals or investment vehicles) while cell leaders authorized the issuances.
- The selling shareholder tables in SB-2 filings show the conversion endpoint: note holders converting debt to equity and registering shares for immediate sale. This is the liquidation mechanism for the promissory note financing.
- Insider lending was common: Donald Goer (CEO) lent $50K to Intraop Medical, Richard Brock (CEO) converted $750K note to preferred stock at PDS Gaming, Maurice Taylor personally guaranteed bank loans at ProUroCare.
- Several entities show clusters of offshore investment vehicles as shareholders (iGambit had Brunswick Ltd, Coradene Ltd, Freedom Investments Ltd, Incubus Investments Ltd, Lori Ltd, Maybourne Ltd, Safecrest Ltd - all holding 5-9% each), suggesting coordinated nominee holding patterns.
- Law firms receiving equity stakes (Sichenzia Ross at Westek, Cane Clark across 257+ entities) represents a conflict-of-interest pattern where legal counsel became economically aligned with the note conversion machinery.
- Full extraction of all 1,892 note filing texts would identify hundreds more individual and institutional holders. This analysis covers the highest-signal filings.
| # | HOLDER | NOTES | ENTITIES | CELL |
|---|---|---|---|---|
| 1 | Michael Cane 2 variants | 12 | 6 entities | michael cane |
| 2 | Jan Wallace | 5 | 4 entities | wallace |
| 3 | Logan Anderson 2 variants | 4 | 4 entities | moll anderson |
| 4 | Salim S. Rana 2 variants | 3 | 1 entities | unknown |
| 5 | Cornell Capital Partners LP 2 variants | 8 | 3 entities | institutional |
| 6 | Longview Fund LP / Longview Equity Fund LP / Longview International Equity Fund LP 3 variants | 6 | 2 entities | institutional |
| 7 | Montgomery Equity Partners LP 2 variants | 3 | 2 entities | institutional |
| 8 | Augustine Fund LP 3 variants | 2 | 1 entities | institutional |
| 9 | James D. Tilton | 2 | 1 entities | unknown |
| 10 | Andy Dyer 2 variants | 1 | 1 entities | unknown |
| 11 | Barry Cummins | 2 | 1 entities | unknown |
| 12 | David Creasy | 3 | 1 entities | unknown |
| 13 | David Dickinson | 2 | 1 entities | unknown |
| 14 | Philip Georgas | 1 | 1 entities | unknown |
| 15 | Pharlo Citrus Properties Partnership LLLP / Pharlo Citrus Technologies 2 variants | 6 | 1 entities | unknown |
| 16 | Robert P. Appleby | 1 | 1 entities | unknown |
| 17 | Donald A. Goer | 2 | 2 entities | unknown |
| 18 | David Shamy 3 variants | 2 | 2 entities | unknown |
| 19 | Bushido Capital Master Fund LP | 1 | 1 entities | institutional |
| 20 | Eckert & Ziegler Strahlen-und Medizintechnik | 1 | 1 entities | institutional |
| 21 | Riz Alikhan | 1 | 1 entities | unknown |
| 22 | Ray Alikhan | 1 | 1 entities | unknown |
| 23 | Michael Wiesmann | 1 | 1 entities | unknown |
| 24 | Martin McCurry | 1 | 1 entities | unknown |
| 25 | John C. Rosso | 2 | 1 entities | unknown |
| 26 | Richard T. Brock | 2 | 1 entities | unknown |
| 27 | Maurice R. Taylor | 3 | 2 entities | unknown |
| 28 | Roman Pauly and Maryjo Pauly | 1 | 1 entities | unknown |
| 29 | Robert DelVecchio | 2 | 1 entities | sams |
| 30 | Robert James Inc | 1 | 1 entities | unknown |
| 31 | Grace Sim | 2 | 2 entities | wallace |
| 32 | Virtual Funds Inc | 1 | 1 entities | unknown |
| 33 | DCI Telecommunications Inc | 1 | 1 entities | unknown |
| 34 | Nite Capital LP | 1 | 1 entities | institutional |
| 35 | Whalehaven Capital Fund Ltd | 1 | 1 entities | institutional |
| 36 | Triumph Research Partners LLC | 1 | 1 entities | institutional |
| 37 | Sichenzia Ross Friedman Ference LLP | 1 | 1 entities | institutional |
| 38 | J. Stephen Barley | 2 | 2 entities | moll anderson |
| 39 | Howard Thomson | 2 | 2 entities | moll anderson |
| 40 | David Parker | 1 | 1 entities | sams |
| 41 | Kathleen Smith | 1 | 1 entities | michael cane |
| 42 | Moshe Vidal | 1 | 1 entities | unknown |