-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VTIlbVyZl52vKXAmkKcb0NXxjRsGNEeNB7UyQ+WW4XSIWA6XebJP04xRQhCWhh72 ETcFQ6HC7vPNe+wSHrSbhQ== 0001144204-08-008177.txt : 20080213 0001144204-08-008177.hdr.sgml : 20080213 20080213094428 ACCESSION NUMBER: 0001144204-08-008177 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080213 DATE AS OF CHANGE: 20080213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Turnaround Partners, Inc. CENTRAL INDEX KEY: 0001009802 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 223387630 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59187 FILM NUMBER: 08601211 BUSINESS ADDRESS: STREET 1: 109 N. POST OAK LANE STREET 2: SUITE 422 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: (713) 621-2737 MAIL ADDRESS: STREET 1: 109 N. POST OAK LANE STREET 2: SUITE 422 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: Emerge Capital Corp. DATE OF NAME CHANGE: 20060719 FORMER COMPANY: FORMER CONFORMED NAME: Emerge Capital Corp DATE OF NAME CHANGE: 20060123 FORMER COMPANY: FORMER CONFORMED NAME: NUWAVE TECHNOLOGIES INC DATE OF NAME CHANGE: 19960403 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YA Global Investments CENTRAL INDEX KEY: 0001132874 IRS NUMBER: 134150836 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 101 HUDSON STREET STREET 2: SUITE 3606 CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: (201) 985-8300 MAIL ADDRESS: STREET 1: 101 HUDSON STREET STREET 2: SUITE 3606 CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: CORNELL CAPITAL PARTNERS LP DATE OF NAME CHANGE: 20010119 SC 13G/A 1 v103223_13g.htm
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 
Turnaround Partners, Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share 
(Title of Class of Securities)
 
90021610
(CUSIP Number)
 
December 31, 2007
(Date of Event, which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information, which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act out shall be subject to all other provisions of the Act, (however, see the Notes).


 
Page 2
 
Cusip No.  90021610
 
  
 
 
1.
 
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)

YA Global Investments, L. P. (f/k/a/ Cornell Capital Partners, L.P.)
(13-4150836)
 
 
2.
 
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
 (a)  o
(b)  o
   
 
 
3.
 
SEC Use Only
 
 
 
4.
 
Citizenship or Place of Organization: USA
 
 


Number of Shares Beneficially Owned by Each Reporting Person With
 
 
 
 
5.

 
6.
 
 
7.
 
 
8.
 
Sole Voting Power: 0
 

Shared Voting Power: 0
 

Sole Dispositive Power: 0
 

Shared Dispositve Power: 0
 
 
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person:
0
 
 
10.
 
Check if the Aggregate Amount in Row (9)  Excludes Certain Shares (See Instructions)
 
 
11.
 
Percentage of Class Represented by Amount in Row (9):
0.00%
 
 
12.
 
Type of Reporting Person (See Instructions):   
PN


 
Page 3
 
Item 1.
   
 
(a)
Name of Issuer: Turnaround Partners, Inc.
 
(b)
Address of Issuer’s Principal Executive Offices:
   
109 North Post Oak Lane
   
Suite 422
   
Houston, TX 77024

Item 2.
 
Identity and Background.
 
(a)
Name of Person Filing: YA Global Investments, L.P. (f/k/a Cornell Capital Partners, L.P.)
 
(b)
Address of Principal Executive Office or, if none, Residence of Reporting Persons:
   
101 Hudson Street, Suite 3700
   
Jersey City, NJ 07302
 
(c)
Citizenship: USA
 
(d)
Title of Class of Securities: Common Stock, par value $0.01 per share
 
(e)
Cusip Number: 90021610

Item 3.
  If the statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is:
       
 
(a)
o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
(b)
o
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
(c)
o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
 
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 of the Act (15 U.S.C. 78o);
 
(e)
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
(g)
o
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
(h)
o
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
(i)
o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); or
 
(j)
o
Group, in accordance with 240.13d(b)(1)(ii)(J).
 
Item 4.
Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
(a)
Amount beneficially owned: 0
     
 
(b)
Percentage of Class: 0.00%
     
 
(c)
Number of shares as to which the person has:
     
   
(i)
Sole Power to vote or to direct the vote: 0
       
   
(ii)
Shared power to vote or to direct the vote: 0
       
   
(iii)
Sole power to dispose or to direct the disposition: 0
       
   
(iv)
Shared power to dispose or to direct the disposition: 0


 
Page 4
 
Item 5.
Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.

Item 6.
Ownership of more than five percent on Behalf of Another Person.
   
 
Not Applicable
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
   
 
Not Applicable
   
Item 8.
Identification and Classification of Member Group
   
 
Not Applicable
   
Item 9.
Notice of Dissolution of Group
   
 
Not Applicable

Item 10.
Certification

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as participant in any transaction having that purpose or effect.


 
Page 5
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement in true, complete and correct.

REPORTING PERSON:
     
  CORNELL CAPITAL PARTNERS, LP
     
 
By:
     Yorkville Advisors, LLC
 
Its:
     General Partner
     
 
By:
/s/ Steven S. Goldstein
 
Name:
     Steven S. Goldstein, Esq.
 
Its:
     Chief Compliance Officer


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