CUSIP No. 192480101 | SCHEDULE 13D |
1
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NAMES
OF REPORTING PERSONS
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I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Robert
Blankstein
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
o
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(b)
o
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS
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PF
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d)
or 2(e) ࿆
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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Canada
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NUMBER
OF
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7
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SOLE
VOTING POWER
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SHARES
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4,017,750
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BENEFICIALLY
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8
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SHARED
VOTING POWER
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OWNED
BY
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0
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EACH
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9
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SOLE
DISPOSITIVE POWER
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REPORTING
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4,017,750
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PERSON
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10
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SHARED
DISPOSITIVE POWER
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WITH
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0
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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4,017,750
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12
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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12.8%
(see Item 5)
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14
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TYPE
OF REPORTING PERSON
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IN
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a.
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Robert
Blankstein.
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b.
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Suite
550 - 999 West Hastings Street, Vancouver, British Columbia,
Canada V6C
2W2.
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c.
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Robert
Blankstein a self-employed
consultant.
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d.
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During
the last five years, Robert Blankstein has not been convicted
in a
criminal proceeding (excluding traffic violations or similar
misdemeanors)
nor was a party to a civil proceeding of a judicial or administrative
body
of competent jurisdiction and as a result of such proceeding
was or is
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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e.
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Robert
Blankstein has not, during the last five years, been a party
to a civil
proceeding of a judicial or administrative body of competent
jurisdiction
and as a result of such proceeding was or is 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.
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Robert
Blankstein is a citizen of Canada.
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(a)
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Amount Beneficially Owned: | 4,017,750 |
Includes
2,581,500 shares directly owned and
575,000 shares indirectly owned by the Reporting Person
as trustee for
Charles Blankstein, the Reporting Person’s minor son. The Reporting Person
also owns warrants to purchase up to 861,250 shares of
Common Stock of the
Company.
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Percent
of Class:
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12.8%
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(b)
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Number
of shares as to which such person has:
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(i)
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Sole
power to vote or to direct the vote:
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4,017,750
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(ii)
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Shared
power to vote or to direct the vote:
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0
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(iii)
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Sole
power to dispose or to direct the disposition of:
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4,017,750
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(iv)
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Shared
power to dispose or to direct the disposition of:
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0
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(c) |
On
June 29, 2007, the Reporting Person acquired 650,000 shares
of Common
Stock of the Company at a price of $0.77 per share. The
Reporting Person
also acquired warrants to purchase 650,000 shares of Common
Stock of the
Company on June 29, 2007. Each warrant is exercisable at
a price of $1.30
per share for a period of three years. The 650,000 shares
of Common Stock
and warrants to purchase 650,000 shares of Common Stock
of the Company
were issued to the Reporting Person in conversion of indebtedness
owed by
the Company to the Reporting
Person.
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/s/
Robert Blankstein
Robert
Blankstein
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