- Statement of Beneficial Ownership (SC 13D)
June 25 2010 - 12:20PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
(Rule
13D-101)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT
TO
RULE 13d-2(a)
(Amendment
No. __)*
Verecloud ,
Inc.
(Name of
Issuer)
Common Stock
(Title of
Class of Securities)
92340Q108
(CUSIP
Number)
TMG
Holdings, LLC
7598
N. Mesa, Suite 205
El
Paso, TX 79912
(915)
845-4000
(Name,
Address and Telephone Number of Person Authorized
to
Receive Notices and Communications)
June
10, 2010
(Date of
Event which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box:
o
.
Note.
Schedules
filed in paper format shall include a signed original and five copies of the
schedule, including all exhibits. See § 240.13d-7 for other
parties for whom copies are to be sent.
*The
remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The
information required on the remainder of this cover page shall not be deemed to
be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however,
see
the
Notes
).
CUSIP No.
1)
|
Name
of Reporting Persons:
|
|
|
|
TMG
Holdings, LLC
|
2)
|
Check
the Appropriate Box if a Member of a Group (See
Instructions)
|
|
(a)
o
|
|
(b)
x
|
3)
|
SEC
Use Only
|
|
|
4)
|
Source
of Funds (See Instructions)
|
|
|
|
PF
|
5)
|
Check
if Disclosure of Legal Proceedings is Required Pursuant To Items 2(d) or
2(e)
o
|
|
|
6)
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Citizenship
Or Place Of Organization
|
|
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Texas
|
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(7)
|
Sole
Voting Power
|
|
|
|
Number
of
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21,800,000
|
Shares
|
(8)
|
Shared
Voting Power
|
Beneficially
|
|
|
Owned
|
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N/A
|
By
Each
|
(9)
|
Sole
Dispositive Power
|
Reporting
|
|
|
Person
With
|
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21,800,000
|
|
(10)
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Shared
Dispositive Power
|
|
|
|
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|
N/A
|
11)
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
|
|
|
|
21,800,000
|
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|
12)
|
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares
o
|
|
|
13)
|
Percent
of Class Represented by Amount in Row (11)
|
|
|
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31.1%
|
14)
|
Type
of Reporting Person
|
|
|
|
PN
|
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Item
1.
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Security
and Issuer
|
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Title
and class of securities: Common Stock, par value $0.001 per
share
|
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Issuer: Verecloud,
Inc.
|
|
|
|
Name
and Address of principal executive office of Issuer: 6560 South
Greenwood Plaza Boulevard, Number 400, Englewood,
CO 80111
|
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|
Item
2.
|
Identity
and Background
|
|
|
|
(a) The
Schedule 13D is filed by TMG Holdings, LLC ("TMG Holdings"), a Texas
limited liability company. Scott Schwartz and Douglas Schwartz
are the members of TMG Holdings (the "Members"). The Members
each own 50% of TMG Holdings.
|
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|
|
(b) The
business address of TMG Holdings and the Members is: 7598 N.
Mesa, Ste. 205, El Paso, TX 79912
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(c) The
principal business of TMG Holdings is investments.
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(d) None
of TMG Holdings or the Members has during the last five years been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
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(e)
None of TMG Holdings or the Members has during the last five years been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and has not been and is not currently subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such
laws.
|
|
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(f)
TMG Holdings is organized under the laws of the State of
Texas. Each of the Members is a citizen of the United States of
America.
|
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Item
3.
|
Source
and Amount of Funds or Other Consideration
|
|
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On
June 10, 2010, TMG Holdings acquired 21,800,000 shares of Common Stock of
the Issuer in connection with the entry by the Issuer into a subscription
agreement with TMG Holdings. This transaction is more fully
described in Item 4 below.
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Item
4.
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Purpose
of Transaction
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TMG
Holdings acquired securities of the Issuer for investment
purposes. Pursuant to a subscription agreement (the
"Subscription Agreement") by and between the Issuer and TMG Holdings, the
Issuer issued TMG Holdings 21,800,000 shares of the Issuer's Common Stock
for $0.02 per share, or an aggregate purchase price of $436,000.00. The
Issuer also granted TMG Holdings a preemptive right to purchase any Common
Stock to be issued by the Issuer during the period commencing on June 10,
2010 and concluding upon repayment of the Promissory Note by and between
Issuer and TMG Holdings Colorado, LLC, a Texas limited liability company
and an affiliate of TMG Holdings ("TMG Colorado").
|
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Item
5.
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Interest
in Securities of the Issuer
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(a)
TMG Holdings is the direct beneficial owner of 21,800,000 Common Shares,
approximately 31.1%, of Issuer's common stock all of which were acquired
by TMG Holdings in connection with the transactions described in Item 4
above. The Members of TMG Holdings may be deemed to be the
indirect beneficial owners of all of the 21,800,000 shares of Common Stock
beneficially owned by TMG Holdings.
|
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(b) TMG
Holdings has the sole power to vote or direct the vote and sole power to
dispose or to direct the disposition of 21,800,000 shares of Issuer's
common stock. The Members of TMG Holdings have the sole power
to vote or direct the vote and sole power to dispose or to direct the
disposition of 21,800,000 shares of Issuer's common stock beneficially
owned directly by TMG Holdings.
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(c)
Other than the transaction described in Item 4 above, none of TMG Holdings
or the Members has effected any transactions in the Common Stock of the
Issuer during the past 60 days.
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(d)
Not applicable.
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(e)
Not applicable.
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Item
6.
|
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
|
|
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In
addition to the Subscription Agreement attached hereto as Exhibit A, TMG
Colorado and the Issuer entered into a Loan Agreement dated June 10, 2010
whereby TMG Colorado agreed to provide the Issuer a revolving line of
credit in the principal amount of up to $1,564,000 (the "Loan Agreement"),
a copy of which is attached hereto as Exhibit B.
On
June 10, 2010, TMG Colorado and the Issuer entered into a Revolving
Credit Note pursuant to the Loan Agreement., a copy of which is attached
hereto as Exhibit C.
On
June 10, 2010, TMG Colorado and the Issuer entered into a Security
Agreement which places a first lien on all assets of the Issuer, a copy of
which is attached hereto as Exhibit D.
On
June 10, 2010, The Mesa Group Inc., a Texas corporation and an affiliate
of TMG Holdings and TMG Colorado (the "Mesa Group") and the Issuer entered
into an Independent Contractor Consulting Agreement (the
"Consulting Agreement") pursuant to which the Mesa Group agreed to render
consulting services with respect to organizational and business matters to
the Issuer. The Consulting Agreement has a three-year term and
provides that, commencing on March 31, 2011 and terminating on December
31, 2013, the Issuer shall pay the Mesa Group an aggregate amount of
$744,000 in 12 quarterly payments of $62,000, a copy of which is attached
hereto as Exhibit E.
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Item
7.
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Material
to be Filed as Exhibits
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Exhibit
A
|
Subscription
Agreement dated June 10, 2010 (incorporated by reference to Exhibit 10.4
of the Current Report of Form 8-K filed by the Issuer on June 16,
2010).
|
Exhibit
B
|
Loan
Agreement dated June 10, 2010 (incorporated by reference to Exhibit 10.1
of the Current Report of Form 8-K filed by the Issuer on June 16,
2010).
|
Exhibit
C
|
Revolving
Credit Note dated June 10, 2010 (incorporated by reference to Exhibit 10.2
of the Current Report of Form 8-K filed by the Issuer on June 16,
2010).
|
Exhibit
D
|
Security
Agreement dated June 10, 2010 (incorporated by reference to Exhibit 10.3
of the Current Report of Form 8-K filed by the Issuer on June 16,
2010).
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Exhibit
E
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Independent
Contractor Consulting Agreement dated June 10, 2010 (incorporated by
reference to Exhibit 10.5 of the Current Report of Form 8-K filed by the
Issuer on June 16, 2010).
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SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
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Date:
June 24, 2010
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TMG Holdings, LLC
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By:
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/s/
Scott Schwartz
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Name:
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Scott
Schwartz
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Title:
|
Member
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ATTENTION
|
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations
(See 18 U.S.C. 1001).
|
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