-----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, ESTMIgjunmN5347Aa/qsnvJeKt1Vr7CS3L0d/b6BX9Dt4GGwSx7+SzhmosbGjOSB nMy/a7qe5IrZY3xL3sgWYw== 0000891092-06-000468.txt : 20060227 0000891092-06-000468.hdr.sgml : 20060227 20060227154414 ACCESSION NUMBER: 0000891092-06-000468 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060227 DATE AS OF CHANGE: 20060227 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MEDIANET GROUP TECHNOLOGIES INC CENTRAL INDEX KEY: 0001097792 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 134067623 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78933 FILM NUMBER: 06646547 BUSINESS ADDRESS: STREET 1: 5100 W. COPANS ROAD STREET 2: SUITE 710 CITY: MARGATE STATE: FL ZIP: 33063 BUSINESS PHONE: 9549745818 MAIL ADDRESS: STREET 1: 5100 W. COPANS ROAD STREET 2: SUITE 710 CITY: MARGATE STATE: FL ZIP: 33063 FORMER COMPANY: FORMER CONFORMED NAME: CLAMSHELL ENTERPRISES INC DATE OF NAME CHANGE: 19991026 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PESSIN NORMAN H CENTRAL INDEX KEY: 0000923666 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2124765654 MAIL ADDRESS: STREET 1: C/O NEUBERGER & BERMAN LLC STREET 2: 605 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10158 SC 13D/A 1 e23496_sc13da.txt FORM SC 13-D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Medianet Group Technologies, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) - -------------------------------------------------------------------------------- Cusip Number 58447E108 Norman H. Pessin 605 Third Avenue-19th Floor New York, New York 10158 (212) 476-5654 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement of Schedule 13G to report the acquisition which is the subject of the Schedule 13D, and is filing this schedule because of ss. 240.13d-1(e), ss. 240.13d-1(f) or ss. 240.13d-1(g), check the following box |_|. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other parties to whom copies are to be sent. *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 on 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). (Continued on following page(s)) PAGE 2 CUSIP No. 58447E108 Schedule 13D - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1) SEP IRA FBO Norman H. Pessin ###-##-#### 2) Sandra F. Pessin ###-##-#### - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS PF - -------------------------------------------------------------------------------- 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 1) 1,015,000 2) 503,250 BENEFICIALLY -------------------------------------------------- NUMBER OF SHARES OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH - - - - - - - - - - - -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1) 1,015,000 2) 503,250 - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - - - - - - - - - - - - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1)1,015,000 2) 503,250 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1) 11.15% 2) 5.53% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! PAGE 3 CUSIP No. 58447E108 Schedule 13D Item 1. Security and Issuer This Schedule 13D relates to the common stock, $ par value (the "Common Stock"), of Medianet Group Technologies, Inc., (the "Issuer"), whose principal executive offices are located at 5100 W. Copans Road, Suit 710, Margate, Florida 33063. Item 2. Identity and Background This Schedule 13D is being filed by SEP F/B/O Norman H. Pessin and for Sandra F. Pessin (each a "Reporting Person") Certain information with respect to each Reporting Person is set forth below: Name and Address: 1) Norman H. Pessin 605 Third Avenue-19th Floor New York, New York 10158 2) Sandra F. Pessin 605 Third Avenue-19th Floor New York, New York 10158 Principal Occupation: 1) Retired 2) Housewife Criminal convictions: 1) None 2) None Civil proceedings: 1) None 2) None Citizenship: 1) United States 2) United States Item 3. Source and Amount of Funds or Other Consideration SEP IRA F/B/O Norman H. Pessin purchased 1,015,000 Shares of Common Stock as follows: Date Number of Shares Price per Share - ---- ---------------- --------------- 06/23/2005 40,000 0.400 06/29/2005 20,000 0.400 07/07/2005 40,000 0.400 07/22/2005 30,000 0.370 07/25/2005 60,000 0.370 08/01/2005 15,000 0.400 08/10/2005 12,500 0.450 08/19/2005 60,000 0.420 08/25/2005 22,500 0.400 09/07/2005 25,000 0.300 09/20/2005 10,000 0.350 09/22/2005 25,000 0.300 09/26/2005 5,000 0.300 09/29/2005 10,000 0.330 09/30/2005 10,000 0.350 10/04/2005 20,000 0.350 10/05/2005 5,000 0.380 10/10/2005 5,000 0.360 11/02/2005 85,000 0.239 11/03/2005 30,000 0.240 01/31/2006 500,000 0.250 This was a total of 1,015,000 shares for $369,918. PAGE 4 CUSIP No. 58447E108 Sandra F. Pessin purchased 503,250 Shares of Common Stock as follows: Date Number of Shares Price per Share - ---- ---------------- --------------- 06/10/2005 400,000 0.24 12/02/2005 103,250 0.24 This was a total of 503,250 shares for $120,780. Item 4. Purposes of the Transactions The purpose of the acquisitions of securities is investment. The Reporting Persons reserve the right to seek changes in the management of the issuer in the future or in its business. No such plans currently exist. Item 5. Interest in Securities of the Issuer SEP IRA F/B/O Norman H. Pessin owns 1,015,000 shares of common stock of the issuer, constituting % of the outstanding shares thereof. Sandra F. Pessin owns 503,250 shares which aggregate % of the shares thereof. PAGE 5 CUSIP No. 58447E108 Item 6. Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer None. Item 7. Material to Be Filed as Exhibits None. Signatures 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. SEP IRA F/B/O Norman H. Pessin By: /s/ Norman H. Pessin --------------------------------------- Norman H. Pessin By: /s/ Sandra F. Pessin --------------------------------------- Sandra F. Pessin February 27, 2006 -----END PRIVACY-ENHANCED MESSAGE-----