-----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, ADlFEOuf1AFRFvg9encePdsl7Hra03Skq4QKpee4WIsWI3IAzsp9Hp1iDVEa79Fk 4YofYJgTmBpOXSVKFqS4Iw== 0000914760-07-000034.txt : 20070301 0000914760-07-000034.hdr.sgml : 20070301 20070301112110 ACCESSION NUMBER: 0000914760-07-000034 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070301 DATE AS OF CHANGE: 20070301 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AIRNET SYSTEMS INC CENTRAL INDEX KEY: 0001011696 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 311458309 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48747 FILM NUMBER: 07661163 BUSINESS ADDRESS: STREET 1: 3939 INTERNATIONAL GATEWAY CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: 6142379777 MAIL ADDRESS: STREET 1: 3939 INTERNATIONAL GATEWAY STREET 2: 3939 INTERNATIONAL GATEWAY CITY: COLUMBUS STATE: OH ZIP: 43219 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Black Sheep Partners LLC CENTRAL INDEX KEY: 0001378236 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 900 NORTH MICHIGAN AVENUE STREET 2: SUITE 1900 CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 312-915-2806 MAIL ADDRESS: STREET 1: 900 NORTH MICHIGAN AVENUE STREET 2: SUITE 1900 CITY: CHICAGO STATE: IL ZIP: 60611 SC 13G 1 blacksheep_sc13g.htm FEBRUARY 2, 2007

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

AirNet Systems, Inc.

 

(Name of Issuer)

 

COMMON STOCK, $.01 PAR VALUE PER SHARE

 

(Title of Class of Securities)

 

009417106

(CUSIP Number)

 

February 2, 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 purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

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.

 

 

 

CUSIP No. 009417106

 

 

 

 

 

 

 

1.

 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

 

 

 

Black Sheep Partners, LLC

EIN #20-1678499

 

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

 

 

(a)  o

 

 

 

 

(b)  x

 

 

3.

 

SEC Use Only

 

 

 

 

 

 

 

4.

 

Citizenship or Place of Organization

 

 

 

 

 

 

 

Delaware

 

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

5.    Sole Voting Power

 

 

 

142,900 shares of common stock

 

6.    Shared Voting Power

 

 

 

                

 

7.    Sole Dispositive Power

 

 

 

142,900 shares of common stock

 

8.    Shared Dispositive Power

 

 

 

 

 

 

 

 

 

 

9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

 

 

 

 

 

142,900 shares of common stock

 

 

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

 

 

 

 

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

 

 

 

 

 

 

1.4%

 

 

12.

 

Type of Reporting Person (See Instructions)

 

 

 

 

 

 

 

OO

 

 

 

 

Page 2 of 15

 

 

CUSIP No. 009417106

 

 

 

 

 

 

1.

 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

 

 

 

Black Sheep Partners II, LLC

EIN #20-5298435

 

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

 

 

(a)  o

 

 

 

 

(b)  x

 

 

3.

 

SEC Use Only

 

 

 

 

 

 

 

4.

 

Citizenship or Place of Organization

 

 

 

 

 

 

 

Delaware

 

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

5.    Sole Voting Power

 

 

 

77,100 shares of common stock

 

6.    Shared Voting Power

 

 

 

                

 

7.    Sole Dispositive Power

 

 

 

77,100 shares of common stock

 

8.    Shared Dispositive Power

 

 

 

 

 

 

 

 

 

 

9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

 

 

 

 

 

77,100 shares of common stock

 

 

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

 

 

 

 

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

 

 

 

 

 

 

0.8%

 

 

12.

 

Type of Reporting Person (See Instructions)

 

 

 

 

 

 

 

OO

 

 

 

 

Page 3 of 15

 

 

CUSIP No. 009417106

 

 

 

 

 

 

 

1.

 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

 

 

 

BCB Consultants, LLC

 

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

 

 

(a)  o

 

 

 

 

(b)  x

 

 

3.

 

SEC Use Only

 

 

 

 

 

 

 

4.

 

Citizenship or Place of Organization

 

 

 

 

 

 

 

Delaware

 

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

5.    Sole Voting Power

 

 

 

220,000 shares of common stock

 

6.    Shared Voting Power

 

 

 

                

 

7.    Sole Dispositive Power

 

 

 

220,000 shares of common stock

 

8.    Shared Dispositive Power

 

 

 

 

 

 

 

 

 

 

9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

 

 

 

 

 

220,000 shares of common stock

 

 

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

 

 

 

 

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

 

 

 

 

 

 

2.2%

 

 

12.

 

Type of Reporting Person (See Instructions)

 

 

 

 

 

 

 

OO

 

 

 

 

Page 4 of 15

 

 

CUSIP No. 009417106

 

 

 

 

 

 

1.

 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

 

 

 

Brian C. Black

 

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

 

 

(a)  o

 

 

 

 

(b)  x

 

 

3.

 

SEC Use Only

 

 

 

 

 

 

 

4.

 

Citizenship or Place of Organization

 

 

 

 

 

 

 

US

 

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

5.    Sole Voting Power

 

 

 

220,000 shares of common stock

 

6.    Shared Voting Power

 

 

 

                

 

7.    Sole Dispositive Power

 

 

 

220,000 shares of common stock

 

8.    Shared Dispositive Power

 

 

 

 

 

 

 

 

 

 

9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

 

 

 

 

 

220,000 shares of common stock

 

 

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

 

 

 

 

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

 

 

 

 

 

 

2.2%

 

 

12.

 

Type of Reporting Person (See Instructions)

 

 

 

 

 

 

 

IN

 

 

 

 

Page 5 of 15

 

 

CUSIP No. 009417106

 

 

 

 

 

 

 

1.

 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

 

 

 

Clam Partners, LLC

EIN #36-4120280

 

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

 

 

(a)  o

 

 

 

 

(b)  x

 

 

3.

 

SEC Use Only

 

 

 

 

 

 

 

4.

 

Citizenship or Place of Organization

 

 

 

 

 

 

 

Delaware

 

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

5.    Sole Voting Power

 

 

 

430,000 shares of common stock

 

6.    Shared Voting Power

 

 

 

                

 

7.    Sole Dispositive Power

 

 

 

430,000 shares of common stock

 

8.    Shared Dispositive Power

 

 

 

 

 

 

 

 

 

 

9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

 

 

 

 

 

430,000 shares of common stock

 

 

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

 

 

 

 

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

 

 

 

 

 

 

4.2%

 

 

12.

 

Type of Reporting Person (See Instructions)

 

 

 

 

 

 

 

OO

 

 

 

 

Page 6 of 15

 

 

CUSIP No. 009417106

 

 

 

 

 

 

 

1.

 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

 

 

 

Clam Manager, LLC

EIN #36-4486375

 

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

 

 

(a)  o

 

 

 

 

(b)  x

 

 

3.

 

SEC Use Only

 

 

 

 

 

 

 

4.

 

Citizenship or Place of Organization

 

 

 

 

 

 

 

Delaware

 

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

5.    Sole Voting Power

 

 

 

430,000 shares of common stock

 

6.    Shared Voting Power

 

 

 

                

 

7.    Sole Dispositive Power

 

 

 

430,000 shares of common stock

 

8.    Shared Dispositive Power

 

 

 

 

 

 

 

 

 

 

9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

 

 

 

 

 

430,000 shares of common stock

 

 

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

 

 

 

 

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

 

 

 

 

 

 

4.2%

 

 

12.

 

Type of Reporting Person (See Instructions)

 

 

 

 

 

 

 

OO

 

 

 

 

Page 7 of 15

 

 

CUSIP No. 009417106

 

 

 

 

 

 

1.

 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

 

 

 

 

 

 

Gregory A. Carlin

 

 

2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

 

 

(a)  o

 

 

 

 

(b)  x

 

 

3.

 

SEC Use Only

 

 

 

 

 

 

 

4.

 

Citizenship or Place of Organization

 

 

 

 

 

 

 

US Citizen

 

 

 

 

 

 

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

5.    Sole Voting Power

 

 

 

430,000 shares of common stock

 

6.    Shared Voting Power

 

 

 

                

 

7.    Sole Dispositive Power

 

 

 

430,000 shares of common stock

 

8.    Shared Dispositive Power

 

 

 

 

 

 

 

 

 

 

9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

 

 

 

 

 

430,000 shares of common stock

 

 

10.

 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

o

 

 

 

 

 

11.

 

Percent of Class Represented by Amount in Row (9)

 

 

 

 

 

 

 

4.2%

 

 

12.

 

Type of Reporting Person (See Instructions)

 

 

 

 

 

 

 

IN

 

 

 

 

Page 8 of 15

 

 

CUSIP No. 009417106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Item 1

 

(a).

  

Name of Issuer

  

 

  

 

 

 

 

 

 

 

 

 

  

AirNet Systems, Inc. (the “Issuer”)

  

 

  

 

 

 

 

 

 

Item 1

 

(b).

  

Address of Issuer’s Principal Executive Offices

  

 

  

 

 

 

 

 

 

 

 

 

  

3939 International Gateway, Columbus, Ohio 43219, United States

  

 

  

 

 

 

 

 

 

Item 2

 

(a).

  

Name of Person Filing

  

 

  

 

 

 

 

 

 

Item 2

 

(b).

  

Address of Principal Business Office or, if none, Residence

  

 

  

 

 

 

 

 

 

Item 2

 

(c).

  

Citizenship

  

 

  

 

 

 

 

 

 

 

 

 

  

Black Sheep Partners, LLC

900 N. Michigan Ave., Suite 1900

Chicago, IL 60611

Delaware Limited Liability Company

  

 

  

 

 

 

 

 

 

 

 

 

  

Black Sheep Partners II, LLC

900 N. Michigan Ave., Suite 1900

Chicago, IL 60611

Delaware Limited Liability Company

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Brian C. Black

900 N. Michigan Ave., Suite 1900

Chicago, IL 60611

An individual, US citizen

 

 

 

 

 

 

 

 

 

 

 

BCB Consultants, LLC

900 N. Michigan Ave., Suite 1900

Chicago, IL 60611

Delaware Limited Liability Company

 

 

 

 

 

 

 

 

 

 

  

Clam Partners, LLC

900 N. Michigan Ave., Suite 1900

Chicago, IL 60611

Delaware Limited Liability Company

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Clam Manager, LLC

900 N. Michigan Ave., Suite 1900

Chicago, IL 60611

Delaware Limited Liability Company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gregory A. Carlin

900 N. Michigan Ave., Suite 1900

Chicago, IL 60611

An individual, US citizen

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 9 of 15

 

 

CUSIP No. 009417106

 

 

Item 2

 

(d).

  

Title of Class of Securities

  

 

  

 

 

 

 

 

 

 

 

 

  

Common stock, $.01 par value

  

 

  

 

 

 

 

 

 

Item 2

 

(e).

  

CUSIP Number

  

 

  

 

 

 

 

 

 

 

 

 

  

009417106

  

 

  

 

 

 

 

 

Item 3.

 

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

  

 

 

 

 

 

 

 

(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 U.S.C. 80a-8).

 

 

 

 

 

 

(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);

 

 

 

 

 

 

(j)

  

o

  

Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

 

 

Page 10 of 15

 

 

CUSIP No. 009417106

 

 

 

 

 

 

 

 

 

 

 

 

Item 4.

  

Ownership.

  

 

  

 

 

 

 

 

 

 

  

(a)

  

Amount beneficially owned:

  

 

  

 

 

 

 

 

 

 

  

 

  

BCB Consultants, LLC (“BCB Consultants”) is the manager of Black Sheep Partners, LLC (“Black Sheep”) and of Black Sheep Partners II, LLC (“Black Sheep II”). As of February 2, 2007, Black Sheep beneficially owned 142,900 shares of Common Stock and Black Sheep II owned 77,100 shares of Common Stock. BCB Consultants has the power to direct the vote and disposition of the Common Stock held by each of Black Sheep and Black Sheep II. Accordingly, BCB Consultants may be deemed to be the beneficial owner of an aggregate amount of 220,000 shares of Common Stock, consisting of the shares owned by Black Sheep and the shares owned by Black Sheep II.

 

Brian C. Black, as Managing Member of BCB Consultants, may be deemed to beneficially own the same number of shares of Common Stock reported by BCB Consultants.

 

Clam Manager, LLC (“Clam Manager”) is the manager of Clam Partners, LLC (“Clam Partners”). As of February 2, 2007, Clam Partners beneficially owned 430,000 shares of Common Stock. Clam Managers has the power to direct the vote and disposition of the Common Stock held by Clam Partners. Accordingly, Clam Manager may be deemed to be the beneficial owner of an aggregate amount of 430,000 shares of Common Stock, consisting of the shares owned by Clam Partners.

 

Gregory A. Carlin, as Managing Member of Clam Manager, may be deemed to beneficially own the same number of shares of Common Stock reported by Clam Managers.

 

Each of BCB Consultants and Brian C. Black disclaim beneficial ownership of the 142,900 shares of Common Stock owned by Black Sheep and the 77,100 shares of Common Stock owned by Black Sheep II, except to the extent of their pecuniary interests therein. Each of Clam Managers and Gregory A. Carlin disclaim beneficial ownership of the 430,000 shares of Common Stock owned by Clam Partners except to the extent of their pecuniary interests therein.

  

 

  

 

 

 

 

 

 

 

  

(b)

  

Percent of class:

  

 

  

 

 

 

 

 

 

 

  

 

  

See Item 11 of the Cover Pages to this Schedule 13G.

  

 

  

 

 

 

 

 

 

 

  

(c)

  

Number of shares as to which the person has:

  

 

  

 

 

 

 

 

 

 

 

  

 

  

(i)

  

Sole power to vote or to direct the vote

  

 

  

 

 

 

 

 

 

 

 

  

 

  

 

  

See item (a) above.

  

 

  

 

 

 

 

 

 

 

 

  

 

  

(ii)

  

Shared power to vote or to direct the vote

  

 

  

 

 

 

 

 

 

 

 

  

 

  

 

  

0

  

 

  

 

 

 

 

 

 

 

 

  

 

  

(iii)

  

Sole power to dispose or to direct the disposition of

  

 

  

 

 

 

 

 

 

 

 

  

 

  

 

  

See item (a) above.

  

 

  

 

 

 

 

 

 

 

 

 

Page 11 of 15

 

 

CUSIP No. 009417106

 

 

 

  

 

  

(iv)

  

Shared power to dispose or to direct the disposition of

  

 

  

 

 

 

 

 

 

 

 

  

 

  

 

  

0

  

 

  

 

 

 

 

 

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  o.

  

 

 

 

 

 

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

 

 

 

  

Not Applicable

 

 

 

 

Item 8.

  

Identification and Classification of Members of the 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 a participant in any transaction having that purpose or effect.

  

 

  

 

 

 

Page 12 of 15

 

 

CUSIP No. 009417106

 

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 26, 2007

 

BLACK SHEEP PARTNERS, LLC

 

QVT FBLACK SHEEP PARTNERS II, LLC

 

 

By BCB Consultants, LLC,

 

By BCB Consultants, LLC,

its Manager

 

its Manager

 

 

 

 

By:

 

/s/ Brian C. Black

____________________

 

By:

 

/s/ Brian C. Black

____________________

Name:

 

Brian C. Black

 

Name:

 

Brian C. Black

Title:

 

Managing Member

 

Title:

 

Managing Member

 

 

BCB CONSULTANTS, LLC

 

BRIAN C. BLACK

 

 

 

 

By:

 

/s/ Brian C. Black

____________________

 

 

/s/ Brian C. Black

____________________

Name:

 

Brian C. Black

 

Name:

 

Brian C. Black

Title:

 

Managing Member

 

 

 

 

 

 

 

 

 

 

CLAM PARTNERS, LLC

 

 

 

 

By Clam Manager, LLC,

 

 

its Manager

 

 

 

 

 

 

By:

 

/s/ Gregory A. Carlin

____________________

 

 

 

 

 

Name:

 

Gregory A. Carlin

 

 

 

 

Title:

 

Managing Member

 

 

 

 

 

 

CLAM MANAGER, LLC

 

GREGORY A. CARLIN

 

 

 

 

By:

 

/s/ Gregory A. Carlin

____________________

 

 

/s/ Gregory A. Carlin

____________________

Name:

 

Gregory A. Carlin

 

Name:

 

Gregory A. Carlin

Title:

 

Managing Member

 

 

 

 

 

 

 

 

 

 

Page 13 of 15

 

 

CUSIP No. 009417106

 

EXHIBIT A

JOINT FILING AGREEMENT

 

The undersigned hereby agree that the statement on Schedule 13G signed by each of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

 

Dated:

February 26, 2007

 

BLACK SHEEP PARTNERS, LLC

 

QVT FBLACK SHEEP PARTNERS II, LLC

 

 

By BCB Consultants, LLC,

 

By BCB Consultants, LLC,

its Manager

 

its Manager

 

 

 

 

By:

 

/s/ Brian C. Black

____________________

 

By:

 

/s/ Brian C. Black

____________________

Name:

 

Brian C. Black

 

Name:

 

Brian C. Black

Title:

 

Managing Member

 

Title:

 

Managing Member

 

 

BCB CONSULTANTS, LLC

 

BRIAN C. BLACK

 

 

 

 

By:

 

/s/ Brian C. Black

____________________

 

 

/s/ Brian C. Black

_________________________

Name:

 

Brian C. Black

 

Name:

 

Brian C. Black

Title:

 

Managing Member

 

 

 

 

 

 

 

 

 

 

CLAM PARTNERS, LLC

 

 

 

 

By Clam Manager, LLC,

 

 

its Manager

 

 

 

 

 

 

By:

 

/s/ Gregory A. Carlin

____________________

 

 

 

 

 

Name:

 

Gregory A. Carlin

 

 

 

 

Title:

 

Managing Member

 

 

 

 

 

 

CLAM MANAGER, LLC

 

GREGORY A. CARLIN

 

 

 

 

By:

 

/s/ Gregory A. Carlin

____________________

 

 

/s/ Gregory A. Carlin

____________________

Name:

 

Gregory A. Carlin

 

Name:

 

Gregory A. Carlin

Title:

 

Managing Member

 

 

 

 

 

 

 

 

 

 

 

Page 14 of 15

 

 

 -----END PRIVACY-ENHANCED MESSAGE-----