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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Lee Holding Company, L.P. C/O HEARTLAND, INC. 1501 US HWY 25E MIDDLESBORO, KY 40965 |
 |  X |  |  |
Lee Holding Company, L.P. /s/ Terry Lee, Limited Partner | 11/28/2011 | |
**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). |
 Remarks: On November 1, 2010, the Company entered into and closed a Shares for Debt Agreement with Gary Lee and Lee Holding Company. In accordance with the Agreement, the company exchanged an aggregate total of 11,111,112 shares of the Company's common stock in exchange for a partial settlement of the debt owed to each party.  In 2010, the Company issued 5,555,556 common shares to Lee Holding Company for debt reduction valued at $1,000,000.  In 2010, the Company issued 325,000 common shares to Lee Holding Company for Premium Homes acquisition valued at $5,011.  On January 18, 2011, Lee Holding Company LP transferred its shares of common stock to Diversified Companies, Inc.  On October 20, 2011, the Company entered into and closed a Shares for Debt Agreement with Lee Holding Company and Gary Lee.  In accordance with the Agreement, the Company issued 10,082,387 shares of Common Stock to Lee Holding Company. |