SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Oleum Capital, LLC

(Last) (First) (Middle)
12603 SOUTHWEST FREEWAY,
SUITE 170

(Street)
STAFFORD TX 77477

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/26/2012
3. Issuer Name and Ticker or Trading Symbol
Digerati Technologies, Inc. [ DTGID ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
12/03/2012
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Series E Preferred Stock(1) 1,000,000 D(2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Oleum Capital, LLC

(Last) (First) (Middle)
12603 SOUTHWEST FREEWAY,
SUITE 170

(Street)
STAFFORD TX 77477

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
GORHAM DAVID LEE

(Last) (First) (Middle)
12603 SOUTHWEST FREEWAY,
SUITE 170

(Street)
STAFFORD TX 77477

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
RAINMAKER TRUST

(Last) (First) (Middle)
12603 SOUTHWEST FREEWAY
SUITE 170

(Street)
STAFFORD TX 77477

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
DUNKEN BERT TERRANT JR

(Last) (First) (Middle)
12603 SOUTHWEST FREEWAY

(Street)
STAFFORD TX 77477

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. On November 26, 2012, Oleum Capital LLC acquired preferred stock of Digerati Technologies. The Form 3 filed on December 3, 2012 reported Oleum Capital's ownership of Series A Preferred Stock convertible into Digerati common stock. This amendment is being provided to provide another line of ownership information, reporting Oleum Capital's acquisition of Digerati Series E Preferred Stock, also acquired on November 26, 2012. In accordance with the form instructions, this amendment only adds the line to Table I for the Series E Preferred Stock. There has been no change to Oleum Capital's ownership of Series A Preferred Stock as originally reported.
2. This amendment also adds as joint reporting persons David Gorham, Terry Dunken, and Terry Dunken as Trustee of the Rainmaker Trust dated August 17, 2012 (the "Rainmaker Trust"). All reporting persons share the same address. Mr. Gorham, Mr. Dunken and the Rainmaker Trust are deemed to be the indirect beneficial owners of the same shares held directly by Oleum Capital. The Rainmaker Trust owns 60% of Oleum Capital. Mr. Gorham's wife and children are the beneficiaries of the Rainmaker Trust. Mr. Dunken is the manager of Oleum Capital and the trustee of the Rainmaker Trust. Mr. Dunken's wife is the beneficiary of a trust that owns 30% of Oleum Capital. Mr. Gorham, Terry Dunken, and the Rainmaker Trust disclaim Section 16 beneficial ownership of all shares held by Oleum Capital, and this report shall not be deemed an admission that any of the reporting persons is the beneficial owner of the shares, except to the extent of a reporting person's pecuniary interest, if any, therein.
/s/ Terry Dunken, Manager, for Oleum Capital, LLC 04/26/2013
/s/ David Gorham 04/26/2013
/s/ Terry Dunken, Trustee, for the Rainmaker Trust 04/26/2013
/s/ Terry Dunken 04/26/2013
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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