AVAX TECHNOLOGIES INC 3
3 · AVAX TECHNOLOGIES INC · Filed Apr 23, 2007
Insider Transaction Report
Form 3
AVAX TECHNOLOGIES INCAVXTE.OB
FGS ADVISORS LLC
10% Owner
Holdings
- (indirect: See footnote (1))
Warrants for Common Stock, par value $0.004 per share
Exercise: $0.15From: 2007-04-13Exp: 2012-04-13→ Common Stock, par value $0.004 per share (12,800,000 underlying) - 14,666,667(indirect: See footnote (1))
Common Stock, par value $0.004 per share
- 12,387,000(indirect: See footnote (2))
Common Stock, par value $0.004 per share
Footnotes (3)
- [F1]These securities are held directly by Firebird Global Master Fund, Ltd. ("Global Fund"). FGS Advisors, LLC ("FGS") acts as investment advisor to Global Fund, and shares voting and investment control with respect to these securities with Global Fund. James Passin and Harvey Sawikin are the control persons of FGS, control the voting and investment decisions of FGS and may be deemed to share voting and investment control with respect to these securities. FGS, Mr. Passin and Mr. Sawikin each disclaim beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purpose.
- [F2]These securities are held directly by Firebird Global Master Fund II, Ltd. ("Global Fund II"). FG2 Advisors, LLC ("FG2") acts as investment advisor to Global Fund II, and shares voting and investment control with respect to these securities with Global Fund II. James Passin and Harvey Sawikin are the control persons of FG2, control the voting and investment decisions of FG2 and may be deemed to share voting and investment control with respect to these securities. FG2, Mr. Passin and Mr. Sawikin each disclaim beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purpose.
- [F3]The exercise price of these securities is subject to adjustment to prevent dilution in the event that the Issuer takes certain corporate actions, including the issuance of additional shares.