SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
MEDIABAY, INC.
Common Stock
58446J108
October 13, 2004
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)
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13G | ||||||
CUSIP No. 58446J108 | ||||||
1. | Name of Reporting Person: Forest Hill Capital, LLC, |
I.R.S. Identification Nos. of above persons (entities only): 73-1597141 |
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2. | Check the Appropriate Box if a Member of a Group: | |||||
(a) | o | |||||
(b) | o | |||||
3. | SEC Use Only: | |||||
4. | Citizenship or Place of Organization: Delaware |
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Number of Shares Beneficially Owned by Each Reporting Person With | ||||||
5. | Sole Voting Power: 1,805,000 | |||||
6. | Shared Voting Power: 0 | |||||
7. | Sole Dispositive Power: 1,805,000 | |||||
8. | Shared Dispositive Power: 0 | |||||
9. | Aggregate Amount Beneficially Owned by Each Reporting Person: 1,805,000 |
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10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares: o |
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11. | Percent
of Class Represented by Amount in Row (9): 7.3%** | |||||
12. | Type of Reporting Person: IA | |||||
*SEE INSTRUCTIONS BEFORE FILLING OUT
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13G | ||||||
CUSIP No. 58446J108 | ||||||
1. | Name of Reporting Person: Mark Lee |
I.R.S. Identification Nos. of above persons (entities only): |
||||
2. | Check the Appropriate Box if a Member of a Group: | |||||
(a) | o | |||||
(b) | o | |||||
3. | SEC Use Only: | |||||
4. | Citizenship or Place of Organization: U.S. Citizen |
|||||
Number of Shares Beneficially Owned by Each Reporting Person With | ||||||
5. | Sole Voting Power: 1,805,000 | |||||
6. | Shared Voting Power: 0 | |||||
7. | Sole Dispositive Power: 1,805,000 | |||||
8. | Shared Dispositive Power: 0 | |||||
9. | Aggregate Amount Beneficially Owned by Each Reporting Person: 1,805,000 |
|||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares: o |
|||||
11. | Percent
of Class Represented by Amount in Row (9): 7.3%** | |||||
12. | Type of Reporting Person: IN | |||||
*SEE INSTRUCTIONS BEFORE FILLING OUT
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SCHEDULE 13G
This Schedule 13G (the Schedule 13G) is being filed on behalf of Forest Hill Capital, LLC, a Delaware limited liability company (Forest Hill) and Mr. Mark Lee, principal of Forest Hill.
This Schedule 13G relates to Common Stock of MediaBay, Inc., a Florida corporation (the Common Stock) purchased by Forest Hill for the account of (i) Forest Hill Select Fund, L.P., of which Forest Hill is the general partner, (ii) Lone Oak Partners, L.P., of which Forest Hill is the general partner, (iii) Forest Hill Select Offshore Fund, Ltd, to which Forest Hill acts as investment advisor and (iv) a managed account to which Forest Hill acts as investment advisor.
Item 1(a)
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Name of Issuer. | |
MediaBay, Inc. | ||
Item 1(b)
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Address of Issuers Principal Executive Offices. | |
2 Ridgedale Avenue, Suite 300 Cedar Knolls, New Jersey 07927 |
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Item 2(a)
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Name of Person Filing. | |
Forest Hill Capital, LLC and Mark Lee | ||
Item 2(b)
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Address of Principal Business Office, or, if none, Residence. | |
100 Morgan Keegan Dr., Suite 430 Little Rock, Arkansas 72202 |
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Item 2(c)
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Citizenship or Place of Organization. | |
Forest Hill is a limited liability company organized under the laws of the State of Delaware. Mark Lee is the principal of Forest Hill and a United States citizen. | ||
Item 2(d)
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Title of Class of Securities. | |
Common Stock, no par value | ||
Item 2(e)
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CUSIP Number. | |
58446J108 |
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Item 3
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Reporting Person. | |
Forest Hill is an investment adviser in accordance with § 20.13d-1(b)(1)(ii)(E). |
Item 4 |
Ownership. | |||
(a) | Forest Hill and Mr. Lee are the beneficial owners of 1,805,000 shares of Common Stock. | |||
(b) | Forest Hill and Mr. Lee are the beneficial owners of 7.3% of the outstanding Common Stock. This percentage is determined by dividing 1,805,000 by 24,843,980, the number of Common Stock issued and outstanding as of December 31, 2004. | |||
(c) | Forest Hill has the sole power to vote and dispose of the 1,805,000 shares of Common Stock beneficially owned by it. As the principal of Forest Hill, Mr. Lee may direct the vote and disposition of the 1,805,000 shares of Common Stock beneficially owned by Forest Hill. |
Item 5
|
Ownership of Five Percent or Less of a Class. | |
Inapplicable. | ||
Item 6
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Ownership of More Than Five Percent on Behalf of Another Person. | |
Inapplicable. | ||
Item 7
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Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company. | |
Inapplicable. | ||
Item 8
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Identification and Classification of Members of the Group. | |
Inapplicable. | ||
Item 9
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Notice of Dissolution of Group. | |
Inapplicable. | ||
Item 10
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Certification. | |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired for the 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. |
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Exhibits | Exhibit 1 | |
Joint Filing Agreement dated February 2, 2005, between Forest Hill and Mark Lee. |
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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.
Date: February 2, 2005
Forest Hill Capital, LLC |
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By: | /s/ Mark Lee | |||
Mark Lee, Manager | ||||
/s/ MARK LEE | ||||
Mark Lee | ||||
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EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock of MediaBay Inc., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.
The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 2, 2005.
Forest Hill Capital, LLC |
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By: | /s/ Mark Lee | |||
Mark Lee, Manager | ||||
/s/ MARK LEE | ||||
Mark Lee | ||||