Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LAZARUS INVESTMENT PARTNERS LLLP
  2. Issuer Name and Ticker or Trading Symbol
PSI CORP [PSCP.PK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2401 EAST SECOND AVENUE, SUITE 600
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2010
(Street)

DENVER, CO 80206
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/26/2010   P   1,000 A $ 0.048 6,499,359 D  
Common Stock 03/23/2010   P   5,000 A $ 0.054 6,504,359 D  
Common Stock 03/24/2010   J(1)   257,595 A $ 0 6,761,954 D  
Common Stock 03/25/2010   P   1,000 A $ 0.06 6,762,954 D  
Common Stock 04/16/2010   J(2)   5,000,000 A $ 0 11,762,954 D  
Common Stock 05/04/2010   S   38,000 D $ 0.0653 11,724,954 D  
Common Stock 05/06/2010   S   1,000 D $ 0.075 11,723,954 D  
Common Stock 05/13/2010   S   35,000 D $ 0.0836 11,688,954 D  
Common Stock 05/14/2010   S   8,000 D $ 0.0836 11,680,954 D  
Common Stock 05/17/2010   S   25,000 D $ 0.126 11,655,954 D  
Common Stock 05/18/2010   S   10,000 D $ 0.126 11,645,954 D  
Common Stock 05/28/2010   P   1,000 A $ 0.065 11,646,954 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LAZARUS INVESTMENT PARTNERS LLLP
2401 EAST SECOND AVENUE
SUITE 600
DENVER, CO 80206
    X    

Signatures

 /s/ Justin B. Borus, Managing member of general partner   06/25/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) The reporting person received 257,595 shares of common stock valued at $0.016993 per share as an interest payment of $4,383.56 on a 10% convertible note held by the reporting person. The Issuer elected to pay the interest in stock rather than cash.
(2) The reporting person received 5,000,000 shares of common stock as a result of an anti-dilution adjustment by the Issuer.
 
Remarks:
The reported securities are owned directly by Lazarus Investment Partners LLLP, and indirectly by Lazarus Management Company LLC, as investment adviser and general partner of Lazarus Investment Partners LLLP, and Justin B. Borus, as managing member of Lazarus Management Company LLC.  Lazarus Management Company LLC and Justin B. Borus disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.

This report is filed jointly by Lazarus Investment Partners LLLP, Lazarus Management Company LLC and Justin B. Borus, all of whom may be deemed 10% owners.

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