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 | ||||
Right to Acquire | Â (2) | Â (2) | Common Stock, par value $.00001 | 5,700,000 (3) | $ 0 | I | See Footnote (1) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SARGENT HENRY B III 90 GROVE STREET RIDGEFIELD, CT 06877 |
 X |  |  |  |
/s/ Henry Sargent | 12/11/2006 | |
**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) | Explanation of responses: Henry Sargent is a Director of the Issuer, and is the Manager of Mountain West Partners LLC. On July 31, 2006, Petals Decorative Accents LLC ("Petals LLC") entered into an Assignment Agreement with Mountain West Partners LLC, a Delaware limited liability company, pursuant to which Mountain West Partners LLC was to receive 5,700,000 (1,900,000 post-reverse) shares of Common Stock in exchange for services to be provided to Petals LLC (the "Assignment"). The Assignment was never performed and the shares of Common Stock were never transferred to Mountain West Partners LLC. Subsequently, on December 11, 2006 the parties entered into a Rescission Agreement to evidence the voidance of the Assignment. |
(2) | N/A |
(3) | (1,900,000 post-reverse) |