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 |
|
| ||||||||||||||||||||||||||||||
|
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) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Manko Joseph M. Jr. 1717 ARCH STREET, SUITE 3920 PHILADELPHIA, PA 19103 |
 |  X |  |  |
Horton Capital Management, LLC 1717 ARCH STREET, SUITE 3920 PHILADELPHIA, PA 19103 |
 |  X |  |  |
Horton Capital Partners, LLC 1717 ARCH STREET, SUITE 3920 PHILADELPHIA, PA 19103 |
 |  X |  |  |
Horton Capital Partners Fund, L.P. 1717 ARCH STREET, SUITE 3920 PHILADELPHIA, PA 19103 |
 |  X |  |  |
/s/ Joseph M. Manko, Jr. | 12/27/2018 | |
**Signature of Reporting Person | Date | |
/s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Management, LLC | 12/27/2018 | |
**Signature of Reporting Person | Date | |
/s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC | 12/27/2018 | |
**Signature of Reporting Person | Date | |
/s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC, the General Partner of Horton Capital Partners Fund, LP | 12/27/2018 | |
**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) | This Form 3 is filed jointly by Horton Capital Management, LLC, a Delaware limited liability company ("HCM"), Horton Capital Partners LLC, a Delaware limited liability company ("HCP"), Horton Capital Partners Fund, LP, a Delaware limited partnership ("HCPF"), and Joseph M. Manko, Jr. Pursuant to investment management agreements, HCM maintains investment and voting power with respect to 2,091,953 shares of common stock of the issuer held by Horton Capital Partners Fund, LP, a Delaware limited partnership ("HCPF"). However, despite the delegation of investment and voting power to HCM, HCP may be deemed to be the beneficial owner of such securities under Rule 13d-3 of the Securities Exchange Act of 1934, as amended, because HCP has the right to acquire investment and voting power through termination of investment management agreements with HCM. HCM also acts as an investment adviser to certain managed accounts. |
(2) | (Continued from from footnote 1) Under investment management agreements with managed account clients, HCM has investment and voting power with respect to 20,000 shares of Common Stock of the issuer held in such managed accounts. HCP is the general partner of HCPF. Mr. Manko is the managing member of both HCM and HCP. |
 Remarks: The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person. |