BOLLINGER INNOVATIONS, INC. — Director's Dealing 2012

Oct 12, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Net Element International, Inc. (NETE)
CIK: 0001499961
Period of Report: 2012-10-02

Reporting Person: WOLFE CURTIS ANDREW (Secretary)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29495	Direct
Common Stock	75000	Indirect

Footnotes

F1: These shares of common stock, par value $0.0001 per share, of the Issuer (the "Shares") are held by Lobos Advisors, LLC. Mr. Wolfe is the President and Managing Member of Lobos Advisors, LLC. Consequently, Mr. Wolfe has voting control, investment discretion and dispositive power over the Shares held by Lobos Advisors, LLC. As a result of the foregoing, Mr. Wolfe may be deemed to have beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended) of the Shares held by Lobos Advisors, LLC.