-----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, T/5CS7b1C3sPOi2D/S2gYx6wL0D+BcTfhaZsaK/LzaEkfzydP8VVCI3qkhubPQaE DSYeLJa0s9ZJrHzWM3T1sw== 0000919574-08-000660.txt : 20080211 0000919574-08-000660.hdr.sgml : 20080211 20080211151442 ACCESSION NUMBER: 0000919574-08-000660 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080211 DATE AS OF CHANGE: 20080211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PHOTOCHANNEL NETWORKS INC CENTRAL INDEX KEY: 0001036642 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 943275711 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82790 FILM NUMBER: 08593098 BUSINESS ADDRESS: STREET 1: 800 900 WEST HASTINGS ST STREET 2: V6C 1E5 CITY: VANCOUVER BC CANADA STATE: A1 BUSINESS PHONE: 6048938955 MAIL ADDRESS: STREET 1: 900 WEST HASTINGS STREET STREET 2: SUITE 800 V6C 1E5 CITY: VANCOUVER BC STATE: A1 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: INMEDIA PRESENTATIONS INC DATE OF NAME CHANGE: 19990708 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LC CAPITAL MASTER FUND LTD CENTRAL INDEX KEY: 0001222051 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O LAMPE CONWAY & CO LLC STREET 2: 730 FIFTH AVENUE STE 1002 CITY: NEW YORK STATE: NY ZIP: 10019-4105 BUSINESS PHONE: 2125818989 SC 13G/A 1 d844846_13g-a.txt -------------------------- OMB APPROVAL OMB Number: 3235-0145 Expires: February 28, 2009 Estimated average burden hours per response...11 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.1)* PhotoChannel Networks Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 719316200 - -------------------------------------------------------------------------------- (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: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) CUSIP No. 719316200 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) LC Capital Master Fund, Ltd. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,499,825 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,499,825 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,499,825 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.3% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- CUSIP No. 719316200 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Lampe, Conway & Co., LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (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 0 6. SHARED VOTING POWER 2,650,925 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,650,925 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,650,925 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.7% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA, OO - -------------------------------------------------------------------------------- CUSIP No. 719316200 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Steven G. Lampe 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,650,925 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,650,925 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,650,925 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.7% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC, IN - -------------------------------------------------------------------------------- CUSIP No. 719316200 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Richard F. Conway 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,650,925 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,650,925 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,650,925 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.7% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC, IN - -------------------------------------------------------------------------------- CUSIP No. 719316200 --------------------- Item 1(a). Name of Issuer: PhotoChannel Networks Inc. ------------------------------------------------------------------- (b). Address of Issuer's Principal Executive Offices: 425 Carrall Street, Suite 590 Vancouver, British Columbia V3B 6E3, Canada ------------------------------------------------------------------- Item 2(a). Name of Person Filing: LC Capital Master Fund, Ltd. Lampe, Conway & Co., LLC Steven G. Lampe Richard F. Conway ------------------------------------------------------------------- (b). Address of Principal Business Office, or if None, Residence: LC Capital Master Fund, Ltd. c/o Trident Fund Services (B.V.I.) Limited P.O. Box 146 Waterfront Drive Wickhams Cay Road Town, Tortola British Virgin Islands Lampe, Conway & Co., LLC Steven G. Lampe Richard F. Conway 680 Fifth Avenue Suite 1202 New York, New York 10019 ------------------------------------------------------------------- (c). Citizenship: LC Capital Master Fund, Ltd. - Cayman Islands Lampe, Conway & Co., LLC - Delaware limited liability Steven G. Lampe - United States Richard F. Conway - United States ------------------------------------------------------------------- (d). Title of Class of Securities: Common Stock, no par value per share ------------------------------------------------------------------- (e). CUSIP Number: 719316200 ------------------------------------------------------------------- Item 3. If This Statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78c). (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c). (d) [_] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [_] An investment adviser in accordance with s.240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with s.240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) [_] 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) [_] Group, in accordance with s.240.13d-1(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: LC Capital Master Fund, Ltd. - 2,499,825 Lampe, Conway & Co., LLC - 2,650,925 Steven G. Lampe - 2,650,925 Richard F. Conway - 2,650,925 ------------------------------------------------------------------- (b) Percent of class: LC Capital Master Fund, Ltd. - 7.3% Lampe, Conway & Co., LLC - 7.7% Steven G. Lampe - 7.7% Richard F. Conway - 7.7% ------------------------------------------------------------------- (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote Not Applicable --------------------, (ii) Shared power to vote or to direct the vote Capital Master Fund, Ltd. - 2,499,825 Lampe, Conway & Co., LLC - 2,650,925 Steven G. Lampe - 2,650,925 Richard F. Conway - 2,650,925 --------------------, (iii) Sole power to dispose or to direct the disposition of Not Applicable --------------------, (iv) Shared power to dispose or to direct the disposition of Capital Master Fund, Ltd. - 2,499,825 Lampe, Conway & Co., LLC - 2,650,925 Steven G. Lampe - 2,650,925 Richard F. Conway - 2,650,925 --------------------. Item 5. Ownership of Five Percent or Less of a Class. Not Applicable ----------------------------------------------------------------------- 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, each reporting person certifies that, to the best of its 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. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct. LC Capital Master Fund, Ltd.* By: /s/ Richard F. Conway --------------------- Name: Richard F. Conway Title: Director Date: February 11, 2008 Lampe, Conway & Co., LLC* By: /s/ Richard F. Conway --------------------- Name: Richard F. Conway Title: Managing Member Date: February 11, 2008 /s/ Steven G. Lampe* --------------------- Name: Steven G. Lampe Date: February 11, 2008 /s/ Richard F. Conway* --------------------- Name: Richard F. Conway Date: February 11, 2008 *The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein. EXHIBIT A AGREEMENT The undersigned agree that this Schedule 13G amendment dated February 11, 2008 relating to the Common Stock of PhotoChannel Networks Inc. shall be filed on behalf of the undersigned. LC Capital Master Fund, Ltd. By: /s/ Richard F. Conway --------------------- Name: Richard F. Conway Title: Director Date: February 11, 2008 Lampe, Conway & Co., LLC* By: /s/ Richard F. Conway --------------------- Name: Richard F. Conway Title: Managing Member Date: February 11, 2008 /s/ Steven G. Lampe* --------------------- Name: Steven G. Lampe Date: February 11, 2008 /s/ Richard F. Conway* --------------------- Name: Richard F. Conway Date: February 11, 2008 SK 02979 0001 844846 -----END PRIVACY-ENHANCED MESSAGE-----