-----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, WEdPzr2YTGht/odx1mf9V0KK12boatrF+4emON/k+LCTPUQ0+RLxFShIlffVHKAO lEHG7P5EaS5oKe5rTqRjxw== 0001169232-07-002682.txt : 20070618 0001169232-07-002682.hdr.sgml : 20070618 20070618163736 ACCESSION NUMBER: 0001169232-07-002682 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070618 DATE AS OF CHANGE: 20070618 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVALON HOLDINGS CORP CENTRAL INDEX KEY: 0001061069 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 341863889 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54255 FILM NUMBER: 07926161 BUSINESS ADDRESS: STREET 1: ONE AMERICAN WAY CITY: WARREN STATE: OH ZIP: 44484 BUSINESS PHONE: 3308568800 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAFFLES ASSOCIATES LP CENTRAL INDEX KEY: 0001169581 IRS NUMBER: 043272997 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 450 SEVENTH AVE. STREET 2: SUITE 509 CITY: NEW YORK STATE: NY ZIP: 10123 BUSINESS PHONE: 2127602321 SC 13D/A 1 d72171_13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) AVALON HOLDINGS CORPORATION (Name of Issuer) Class A Common Stock, $.01 par value (Title of Class of Securities) 05343P109 (CUSIP Number) (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Raffles Associates, L.P. 2 Penn Plaza, Suite 1920A New York, NY 10121 (212) 760-2322 May 21, 2007 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4) check the following box |_|. 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, as amended (the "Act"), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. SCHEDULE 13D - ------------------- ----------------- CUSIP No. 05343P109 Page 2 of 4 Pages - ------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Raffles Associates, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Less than 5% of the number of outstanding shares of Class A Common Stock of the Issuer ----------------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON Less than 5% of the number of outstanding shares of Class A WITH Common Stock of the Issuer ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Less than 5% of the number of outstanding shares of Class A Common Stock of the Issuer - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 5% of the number of outstanding shares of Class A Common Stock of the Issuer - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 2 Item 1. Security and Issuer. This statement relates to the Class A Common Stock, $.01 par value per share (the "Class A Common Stock") of Avalon Holdings Corporation, an Ohio corporation (the "Issuer"). The Issuer maintains its principal executive office at One American Way, Warren, OH 44484-5555. Item 2. Identity and Background. (a) This statement is filed by Raffles Associates, L.P., a Delaware limited partnership (the "Raffles Partnership"), with respect to shares of the Issuer's Class A Common Stock held by it. The general partner of the Raffles Partnership is Raffles Capital Advisors, LLC. (b) The Raffles Partnership filed an initial Schedule 13D for an event of June 17, 2002 (the "Initial Schedule") and an Amendment No. 1 to Schedule 13D for an event of October 8, 2002 (the "Amendment No. 1"). Except to the extent set forth in this Amendment, the information in the Initial Schedule and the Amendment No.1 remains unchanged. Item 3. Source and Amount of Funds or Other Consideration. The Raffles Partnership currently has beneficial ownership of less than 5% of the outstanding shares of Class A Common Stock of the Issuer and is therefore discontinuing any reporting obligation under Section 13(d) of the Securities and Exchange Act of 1934 (the "Securities Exchange Act"). Item 4. Purpose of Transaction. The Raffles Partnership currently has beneficial ownership of less than 5% of the outstanding shares of Class A Common Stock of the Issuer and is therefore discontinuing any reporting obligation under Section 13(d) of the Securities and Exchange Act of 1934 (the "Securities Exchange Act"). Item 5. Interest in Securities of the Issuer. The Raffles Partnership currently has beneficial ownership of less than 5% of the outstanding shares of any class of Class A Common Stock of the Issuer and is therefore discontinuing any reporting obligation under Section 13(d) of the Securities and Exchange Act of 1934 (the "Securities Exchange Act"). Item 7. Material to be Filed as Exhibits. None 3 Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: June 15, 2007 RAFFLES ASSOCIATES, L.P. By: RAFFLES CAPITAL ADVISORS, LLC General Partner By: /s/ Paul H. O' Leary -------------------------------- Paul H. O'Leary, Managing Member 4 -----END PRIVACY-ENHANCED MESSAGE-----