SEC Info - Dejoria John Paul, et al. - ‘SC 13D/A’ on 2/8/12 re: Latitude Solutions, Inc.

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Dejoria John Paul, et al. – ‘SC 13D/A’ on 2/8/12 re: Latitude Solutions, Inc.

On: Wednesday, 2/8/12, at 8:56am ET · Accession #: 1065949-12-17 · File #: 5-86315

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/08/12  Dejoria John Paul                 SC 13D/A               2:554K Latitude Solutions, Inc.          Chilcote Candi M/FA
          John Paul Dejoria Family Trust

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment to General Statement of Beneficial           7     32K 
                          Ownership                                              
 2: EX-99       Miscellaneous Exhibit                               HTML      4K

SC 13D/A — Amendment to General Statement of Beneficial Ownership
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Identity and Background Interest in Securities of the Issuer Material to Be Filed as Exhibits Purpose of the Transaction Security and Issues Source of Funds or Other Consideration
1	1st Page - Filing Submission
3	Item 1. Security and Issues
"	Item 2. Identity and Background
4	Item 3. Source of Funds or Other Consideration
"	Item 4. Purpose of the Transaction
5	Item 5. Interest in Securities of the Issuer
6	Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
"	Item 7. Material to Be Filed as Exhibits

SC 13D/A 1st Page of 7 TOC ↑Top Previous Next ↓Bottom Just 1st
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549

SCHEDULE 13D/A
AMENDMENT NO. 1

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LATITUDE SOLUTIONS, INC.
-------------------------------
(Name of Issuer)

COMMON STOCK
--------------------------------
(Title of Class of Securities)

51829W10
--------------------------------
(CUSIP Number)

JOHN PAUL DEJORIA FAMILY TRUST, LLC

JOHN PAUL DEJORIA, TRUSTEE
1888 Century Park East, Suite 16
Century City, California 90067
-------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

JANUARY 25, 2012
------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
[ ]

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.

SC 13D/A 2nd Page of 7 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP No. 227443108

1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).

JOHN PAUL DEJORIA FAMILY TRUST, LLC

JOHN PAUL DEJORIA - Mr. DeJoria is the Trustee of John Paul DeJoria
Family Trust, LLC. and is a Director of Latitude Solutions, Inc.

2. Check the Appropriate Box if a Member of a Group

(a) [ ]
(b) [ X ]

3. SEC Use 0nly

4. Source of Funds (See Instructions)

OO
--------------------------------------------------------------------------------

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [ ]

6. Citizenship or Place of Organization:

John Paul DeJoria Family Trust - State of Nevada
John Paul DeJoria - United States of America

Number of 7. Sole Voting Power (a)(b) - 7,500,000 shares
Shares
Beneficially by 8. Shared Voting Power (a)(b) - 8,401,150 shares
Owned by Each
Reporting 9. Sole Dispositive Power (a)(b) - 7,500,000 shares
Person With
Power 10.Shared Dispositive Power (a)(b) - 8,401,150 shares
-----------------------

(a) The John Paul DeJoria Family Trust, LLC holds 7,000,000 shares of
Latitude Solutions, Inc. and a warrant exercisable for 500,000 shares
of Latitude Solution, Inc.'s common stock. Mr. John Paul DeJoria is
the Trustee of John Paul DeJoria Family Trust, LLC. Mr. John Paul
DeJoria holds 300,000 shares directly. Mr. DeJoria has the ability to
vote a total of 7,300,000 shares of the common stock of Latitude
Solutions, Inc.

(b) Mr. Dejoria holds a $300,000 Commercial Promissory Note, which is
convertible into shares of Latitude Solutions, Inc.'s common stock at
a rate of $0.50 per share. The Note is convertible in whole or in part
and any accrued interest at the date of conversion may be converted in
shares of Latitude Solutions, Inc.'s common stock. At the date of this
filing, the principal and accrued interest of the Note would be
convertible into 601,150 shares.

11. Aggregate Amount Beneficially Owned by Each Reporting Person

The John Paul DeJoria Family Trust, LLC - 7,500,000 shares

John Paul DeJoria, Individually - 901,150 shares

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]

13. Percent of Class Represented by Amount in Row (11) 12.88%

Based on 60,706,047 shares of common stock issued and outstanding and
assuming the conversion of the Note for 601,150 shares of Latitude
Solutions, Inc.

14. Type of Reporting Person

John Paul DeJoria Family Trust, LLC - CO
John Paul DeJoria - IN

SC 13D/A 3rd Page of 7 TOC 1st Previous Next ↓Bottom Just 3rd
ITEM 1. SECURITY AND ISSUES.
------------------------------

This statement on Schedule 13D relates to shares of $0.001 par value Common
Stock of Latitude Solutions, Inc., a Nevada Corporation. The address of its
principal office is 2595 NW Boca Raton Blvd. Suite 100, Boca Raton, FL 33431.

ITEM 2. IDENTITY AND BACKGROUND.
--------------------------------

JOHN PAUL DEJORIA FAMILY TRUST, LLC

(a) This statement on Schedule 13D is being filed on behalf of John Paul
DeJoria Family Trust.

(b) John Paul DeJoria Family Trust, LLC's address is 1888 Century Park East,
Suite 16, Century City, California 90067.

(d) Not Applicable.

(e) John Paul DeJoria Family Trust, LLC 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 or, federal or state securities
laws or finding any violation with respect to such laws.

(f) Not Applicable.

JOHN PAUL DEJORIA, TRUSTEE OF THE JOHN PAUL DEJORIA FAMILY TRUST, LLC, DIRECTOR
OF LATITUDE SOLUTIONS, INC.

(a) This statement on Schedule 13D is being filed on behalf of John Paul
DeJoria as the Trustee of the John Paul DeJoria Family Trust, LLC.

(b) Mr. DeJoria's address is 18888 Century Park East, Suite 16, Century City,
California 90067.

(d) Mr. DeJoria has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors.)

(e) Mr. DeJoria 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 or, federal or state securities laws or finding any
violation with respect to such laws.

(f) Citzenship: United States of America

SC 13D/A 4th Page of 7 TOC 1st Previous Next ↓Bottom Just 4th
ITEM 3. SOURCE OF FUNDS OR OTHER CONSIDERATION.
-------------------------------------------------

During the period of April 25, 2011 through September 6, 2011, the John Paul
DeJoria Family Trust, LLC purchased for cash 3,000,000 shares of Latitude
Solutions, Inc.'s restricted common stock and a warrant exercisable for
3,000,000 shares of Latitude Solutions, Inc.'s common stock at a purchase price
of $1.25 per share. The warrant had a term of 5 years and an exercise price of
$1.25 per share. In August 3, 2011, Latitude Solutions, Inc. agreed to amend the
warrant to lower the exercise price to $1.00 per shares. All of the other terms
of the warrant remained unchanged. On August 9, 2011, the John Paul DeJoria
Family Trust, LLC exercised the warrant in full and was issued 3,000,000 shares
of Latitude Solutions, Inc.'s common stock.

On October 17, 2011, the John Paul DeJoria Family Trust, LLC purchased 1,000,000
shares of Latitude Solutions, Inc.'s restricted common stock and a warrant
exercisable for 500,000 shares of Latitude Solutions, Inc.'s common for
$2,000,000 cash. The warrant has a term of 5 years and an exercise price of
$3.00 per share. The warrant is callable at $6.00 per share.

Mr. DeJoria holds 300,000 shares of common stock directly in his name. He was
issued the shares pursuant to an agreement with Latitude Solutions, Inc.

On January 25, 2012, Latitude Solutions, Inc. issued a Commercial Promissory
Note ("the Note") to Mr. DeJoria in exchange for $300,000 cash. The Note has a
term of 1 year and an interest rate of 10% per annum. The Note provides for the
principal and any accrued interest to be converted into shares of Latitudes
Solution, Inc.'s common stock at a rate of $0.50 per share. The Note is
convertible at any time and provides that the principal and accrued interest can
be converted, in whole or in part. At the date of this filing, the Note has a
value of approximately $300,575, including accrued interest, and would be
convertible into 601,150 shares of common stock.

ITEM 4. PURPOSE OF THE TRANSACTION.
-----------------------------------

Mr. John Paul DeJoria is the trustee of the John Paul DeJoria Family Trust, LLC
and as such has the ability to vote the shares held by the John Paul DeJoria
Family Trust, LLC. On October 21, 2011, Mr. DeJoria was appointed to the Board
of Directors of Latitude Solutions, Inc. They intend to and may influence the
following corporate activities:

(a) The acquisition by any person of additional securities of Latitude
Solutions, Inc.

(b) An extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving Latitude Solutions, Inc. or any of its subsidiaries;

(d) A change in the present board of directors or management of Latitude
Solutions, Inc., including any plans or proposals to change the number of
term or directors or to fill any existing vacancies on the board;

(e) A material change in the present capitalization of Latitude Solutions,
Inc.;

(f) Any other material change in Latitude Solutions, Inc.'s business or
corporate structure;

(g) Changes in Latitude Solutions, Inc.'s charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of Latitude Solutions, Inc. by any person;

(h) Not Applicable;

SC 13D/A 5th Page of 7 TOC 1st Previous Next ↓Bottom Just 5th
(i) Not Applicable; or

(j) Any action similar to any of those enumerated above.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
-----------------------------------------------

The percentage of outstanding shares of Latitude Solutions, Inc.'s common stock
reported below is based on the statement that there are 60,706,047shares of
Latitude Solutions, Inc.'s common stock issued and outstanding.

[Enlarge/Download Table]

(a)John Paul DeJoria Family Trust, LLC/Mr. DeJoria beneficially owns or may
be deemed to beneficially own shares of Latitude Solutions, Inc. as follows:

Number of Shares Underlying
Common Number of Convertible Promissory Beneficial Ownership
Holder Shares Warrants Note Percentage*
----------------------------------- ---------------- ----------------- ------------------------ ---------------------------

John Paul DeJoria Family Trust, 7,000,000 500,000 - 11.41%
LLC
John Paul DeJoria 300,000 - 601,150 1.46%
---------------- ----------------- ------------------------ ---------------------------
Total 7,300,000 500,000 601,150 12.88%

*Based on 60,706,047shares of common stock issued and outstanding
and assuming the conversion of the Note for 601,150 shares there would be a
total of 61,307,197 shares issued and outstanding. Does not assume the exercise
or conversion of any other equity instruments Latitude Solutions, Inc. may have
issued.

Mr. John Paul DeJoria, is the Trustee of the John Paul DeJoria
Family Trust, LLC and as such, Mr. DeJoria has the authority to vote
the shares of on behalf of the John Paul DeJoria Family Trust, LLC.

(b) For information regarding the number of shares of Latitude Solutions,
Inc.'s common stock to which John Paul DeJoria Family Trust, LLC/John Paul
DeJoria holds or shares or may be deemed to hold, reference is made to Items (7)
- (12) of the cover page for this statement on Schedule 13D.

(c) Other than the purchases as set forth herein, there have been no other
transactions in shares of Latitude Solutions, Inc.'s common stock effected by
John Paul DeJoria Family Trust, LLC or Mr. John Paul DeJoria during the past 60
days.

(d) No person other than John Paul DeJoria Family Trust, LLC has the right
to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the shares of Latitude Solutions, Inc.'s common stock reported
as being beneficially owned (or which may be deemed to be beneficially owned) by
John Paul DeJoria Family Trust.

(e) Not applicable.

SC 13D/A 6th Page of 7 TOC 1st Previous Next ↓Bottom Just 6th
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
--------------------------------------------------------------------------------

On October 21, 2011, Mr. DeJoria entered into an agreement with Latitude
Solutions, Inc. that provided for him to be issued 300,000 shares of the
Company's common stock in return for his services.

On October 21, 2011, Mr. DeJoria was appointed to the Board of Directors of
Latitude Solutions, Inc.

John Paul DeJoria Family Trust, LLC/John Paul DeJoria have no other contracts,
arrangements, understandings or relationships (legal or otherwise) with other
persons with respect to the securities of Latitude Solutions, Resources, Inc.,
other than as described in this statement on Schedule 13D.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
-------------------------------------------

Latitude Solutions, Inc. Commercial Promissory Note , dated January 25, 2012.

SC 13D/A Last Page of 7 TOC 1st Previous Next ↓Bottom Just 7th
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.

Dated: February 3, 2012 JOHN PAUL DEJORIA
FAMILY TRUST, LLC.

/s/ John Paul DeJoria
------------------------------------
John Paul DeJoria, Trustee

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

Filed on:	2/8/12			SC 13D/A
	2/3/12	7		8-K
	1/25/12	1	6	4, 4/A, 8-K
	10/21/11	4	6	3, 8-K
	10/17/11	4
	9/6/11	4
	8/9/11	4		8-K
	8/3/11	4
	4/25/11	4
				List all Filings

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Filing Submission 0001065949-12-000017 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Dejoria John Paul, et al. – ‘SC 13D/A’ on 2/8/12 re: Latitude Solutions, Inc.

On: Wednesday, 2/8/12, at 8:56am ET · Accession #: 1065949-12-17 · File #: 5-86315

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Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

SC 13D/A — Amendment to General Statement of Beneficial OwnershipDocument Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

SC 13D/A — Amendment to General Statement of Beneficial Ownership
Document Table of Contents