CUSIP No. 294725106 PAGE 6 OF 8
ITEM 4. OWNERSHIP.
Prentice Capital Management serves as investment manager to a
number of investment funds (including Prentice Capital Partners, LP, Prentice
Capital Partners QP, LP, Prentice Capital Offshore, Ltd., Prentice Special
Opportunities, LP, Prentice Special Opportunities Offshore, Ltd. and Prentice
Special Opportunities Master, L.P.) and manages investments for certain entities
in managed accounts with respect to which it has voting and dispositive
authority over the Shares reported in this Schedule 13G/A. Michael Zimmerman is
the Managing Member of (a) Prentice Management GP, LLC the general partner of
Prentice Capital Management, (b) Prentice Capital GP, LLC, the general partner
of certain investment funds and (c) Prentice Capital GP II, LLC, the general
partner of Prentice Capital GP II, LP, which is the general partner of certain
investment funds. As such, he may be deemed to control Prentice Capital
Management and the investment funds and therefore may be deemed to be the
beneficial owner of the securities reported in this Schedule 13G/A. Each of
Michael Zimmerman and Prentice Capital Management disclaims beneficial ownership
of all of the Shares reported in this Schedule 13G/A.
The Reporting Persons may be deemed to beneficially own 5,451,200
Shares, representing 12.41% of the Company's outstanding Shares (based upon the
40,278,382 Shares outstanding as of March 29, 2008, as reported on the Form
10-K/A filed with the Securities and Exchange Commission by the Company on April
10, 2008, and the amount of exercisable securities beneficially owned by the
Reporting Persons). The Reporting Persons may be deemed to beneficially own
150,200 Shares, 300,000 warrants, and 1,667,000 Units (consisting of 1,667,000
Shares and 3,334,000 warrants).
A. Prentice Capital Management
(a) Amount beneficially owned: 5,451,200
(b) Percent of class: 12.41%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 5,451,200
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition:
5,451,200
B. Michael Zimmerman
(a) Amount beneficially owned: 5,451,200
(b) Percent of class: 12.41%
(c) Number of shares as to which such person has:
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