Avraham Shemesh Form 3 Filing for CIM Group Holdings Partnership Units
This Form 3 filing reports the initial statement of beneficial ownership by Avraham Shemesh, Vice President and 10% owner of CIM Group, Inc. The filing discloses indirect ownership through CIM Group Holdings, LLC of 907,376,173.663 shares of Special Voting Preferred Stock and derivative holdings of Class A-1 and Class A-2 limited partnership units that are convertible into common stock. The Class A-1 units represent 821,175,346.665 underlying common shares and the Class A-2 units represent 86,200,726.998 underlying common shares. These partnership units can only be redeemed or exchanged for common stock following a future listing of CIM Group's common stock on a national securities exchange. Shemesh disclaims beneficial ownership except to the extent of his indirect pecuniary interest, and the filing clarifies that these securities are not currently exercisable or convertible until a future listing event occurs.