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