0000911420-05-000081.txt : 20120725
0000911420-05-000081.hdr.sgml : 20120725
20050215172154
ACCESSION NUMBER: 0000911420-05-000081
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050215
DATE AS OF CHANGE: 20050215
GROUP MEMBERS: BRIAN CORDAY, AN INDIVIDUAL RESIDENT OF THE STATE OF GEORGIA
GROUP MEMBERS: BULLBEAR CAPITAL PARTNERS, LLC, A GEORGIA LIMITED LIABILITY
GROUP MEMBERS: JEFF HERMAN, AN INDIVIDUAL RESIDENT OF THE STATE OF GEORGIA
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: HIENERGY TECHNOLOGIES INC
CENTRAL INDEX KEY: 0001112424
STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826]
IRS NUMBER: 912022980
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0430
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-61763
FILM NUMBER: 05618274
BUSINESS ADDRESS:
STREET 1: 1601 ALTON PARKWAY
STREET 2: UNIT B
CITY: IRVINE
STATE: CA
ZIP: 92606
BUSINESS PHONE: 9497570855
MAIL ADDRESS:
STREET 1: 1601 ALTON PARKWAY
STREET 2: UNIT B
CITY: IRVINE
STATE: CA
ZIP: 92612
FORMER COMPANY:
FORMER CONFORMED NAME: SLW ENTERPRISES INC
DATE OF NAME CHANGE: 20000419
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Bullbear Capital Partners, LLC
CENTRAL INDEX KEY: 0001317125
IRS NUMBER: 200114037
STATE OF INCORPORATION: GA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 1400 BUFORD HIGHWAY
STREET 2: SUITE A-1
CITY: SUGARHILL
STATE: GA
ZIP: 30518
BUSINESS PHONE: (404) 422-5892
MAIL ADDRESS:
STREET 1: 1400 BUFORD HIGHWAY
STREET 2: SUITE A-1
CITY: SUGARHILL
STATE: GA
ZIP: 30518
SC 13G
1
d1025859.txt
RULE 13D-102
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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)
HiEnergy Technologies, Inc.
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001
-------------------------------------------------------------------------------
(Title of Class of Securities)
42952V 10 1
-------------------------------------------------------------------------------
(CUSIP Number)
February 15, 2005
-------------------------------------------------------------------------------
(Date of Event Which Requires this 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)
----------
(1) 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 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).
CUSIP No. 42952V 10 1 Page 2 of 7 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
Bullbear Capital Partners, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_] Reporting person is affiliated with other persons.
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Organized under the laws of the state of Georgia
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 4,039,611
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 4,126,011*
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 4,039,611
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 4,126,011*
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,126,011*
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.7% of outstanding Common Shares*
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*See item 2(a) of this filing
CUSIP No. 42952V 10 1 Page 3 of 7 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
Brian Corday
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_] Reporting person is affiliated with other persons.
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 56,400
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 4,096,011*
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 56,400
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 4,096,011*
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,096,011*
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.6% of outstanding Common Shares*
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*See item 2(a) of this filing
CUSIP No. 42952V 10 1 Page 4 of 7 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
Jeff Herman
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_] Reporting person is affiliated with other persons.
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 30,000
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 4,069,611*
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 30,000
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 4,069,611*
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,069,611*
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not applicable [_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.6% of outstanding Common Shares*
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*See item 2(a) of this filing
_______________________________________________________________________________
Item 1(a). Name of Issuer:
HiEnergy Technologies, Inc.
_______________________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
1601-B Alton Parkway, Unit B, Irvine, California
______________________________________________________________________________
Item 2(a). Name of Person Filing:
Bullbear Capital Partners, LLC is a Georgia limited liability company. Brian
Corday and Jeff Herman are the members of Bullbear and have the power to direct
the voting and disposition of the shares of the Issuer and may be deemed to
beneficially own the shares of the Issuer held by Bullbear. Mr. Corday and Mr.
Herman are both residents of the state of Georgia.
Bullbear owns 1,940,210 shares of the common stock of the Issuer and warrants to
purchase 2,099,401 shares of the common stock of the Issuer exercisable within
60 days. Mr. Corday owns 5,333 shares of the common stock of the Issuer and
warrants to purchase 51,067 shares of the common stock of the Issuer exercisable
within 60 days. Mr. Herman owns 30,000 shares of the common stock of the Issuer.
_______________________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
1400 Buford Highway, Suite A-1, Sugarhill, GA 30518
_______________________________________________________________________________
Item 2(c). Citizenship:
Brian Corday - U.S.A.
Jeff Herman - U.S.A.
Bullbear Capital Partners, LLC - organized under the laws of the state of
Georgia
_______________________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.001
_______________________________________________________________________________
Item 2(e). CUSIP Number
42952V 10 1
_______________________________________________________________________________
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 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;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
Page 5 of 7 Pages
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [x]
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:
Bullbear Capital Partners, LLC: 4,126,011
Brian Corday: 4,096,011
Jeff Herman: 4,069,611
(b) Percent of class:
Bullbear Capital Partners, LLC: 8.7%
Brian Corday: 8.6%
Jeff Herman: 8.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Bullbear Capital Partners, LLC: 4,039,611
Brian Corday: 56,400
Jeff Herman: 30,000
(ii) Shared power to vote or to direct the vote:
Bullbear Capital Partners, LLC: 4,126,011
Brian Corday: 4,096,011
Jeff Herman: 4,069,611
(iii)Sole power to dispose or to direct the disposition of:
Bullbear Capital Partners, LLC: 4,039,611
Brian Corday: 56,400
Jeff Herman: 30,000
(iv) Shared power to dispose or to direct the disposition of:
Bullbear Capital Partners, LLC: 4,126,011
Brian Corday: 4,096,011
Jeff Herman: 4,069,611
________________________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable
________________________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Inapplicable
________________________________________________________________________________
Item 7. Identification and Classification of the Subsidiary which acquired
the Security Being Reported on by the Parent Holding Company.
Inapplicable
________________________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
Bullbear Capital Partners, LLC is a Georgia limited liability company. Brian
Corday and Jeff Herman are the members of Bullbear and have the power to direct
the voting and disposition of the shares of the Issuer and may be deemed to
beneficially own the shares of the Issuer held by Bullbear. Mr. Corday and Mr.
Herman are both residents of the state of Georgia.
Bullbear owns 1,940,210 shares of the common stock of the Issuer and warrants to
purchase 2,099,401 shares of the common stock of the Issuer exercisable within
60 days. Mr. Corday owns 5,333 shares of the common stock of the Issuer and
warrants to purchase 51,067 shares of the common stock of the Issuer exercisable
within 60 days. Mr. Herman owns 30,000 shares of the common stock of the Issuer.
________________________________________________________________________________
Item 9. Notice of Dissolution of Group.
Inapplicable
Page 6 of 7 Pages
________________________________________________________________________________
Item 10. Certifications.
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 such purpose or effect.
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.
February 15, 2005
Bullbear Capital Partners, LLC
By: /s/ Brian Corday
---------------------------
Brian Corday
Manager
By: /s/ Brian Corday
---------------------------
Brian Corday
By: /s/ Jeff Herman
---------------------------
Jeff Herman
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
JOINT FILING AGREEMENT
The persons named below agree to the joint filing on behalf of each of them of a
Statement on Schedule 13G (including amendments thereto) with respect to the
Common Shares of HiEnergy Technologies, Inc. and further agree that this Joint
Filing Agreement be included as an Exhibit to such joint filings. In evidence
thereof, the undersigned hereby execute this Agreement as of the 15th day of
February, 2005.
Bullbear Capital Partners, LLC
By: /s/Brian Corday
---------------------------
Brian Corday,
Manager
By: /s/Brian Corday
---------------------------
Brian Corday
By: /s/Jeff Herman
---------------------------
Jeff Herman
Page 7 of 7 Pages