-----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, Pjt/4WUXjKzmwO/s02wkEtneZP+qY5R7ylQ2HyZtH3Swg0bliGuPqDIQab0S7tyh DJYalJ6kIbcEyhxFW8mvlQ== 0000950136-03-002726.txt : 20031110 0000950136-03-002726.hdr.sgml : 20031110 20031110144643 ACCESSION NUMBER: 0000950136-03-002726 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031110 GROUP MEMBERS: EDELMAN VALUE PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TREND MINING CO CENTRAL INDEX KEY: 0001115954 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 810304651 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59667 FILM NUMBER: 03987955 BUSINESS ADDRESS: STREET 1: 401 FRONT AVENUE STREET 2: SUITE 1 CITY: COEUR D'ALENE STATE: ID ZIP: 83814 BUSINESS PHONE: 2086648095 MAIL ADDRESS: STREET 1: 410 FRONT AVENUE, SUITE 1 STREET 2: SUITE 1 CITY: COEUR D'ALENE STATE: ID ZIP: 83814 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EDELMAN ASHER B CENTRAL INDEX KEY: 0000915696 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 717 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-371-7711 MAIL ADDRESS: STREET 1: C/O PERINI CORP STREET 2: 73 MT WAYTE AVE CITY: FRAMINGHAM STATE: MA ZIP: 01701 SC 13D/A 1 file001.txt AMENDMENT NO. 3 TO SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 3)(1) TREND MINING COMPANY - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, NO PAR VALUE PER SHARE - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) - -------------------------------------------------------------------------------- (CUSIP NUMBER) ASHER B. EDELMAN C/O THE EDELMAN COMPANIES 717 FIFTH AVENUE NEW YORK, NEW YORK 10022 - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICE AND COMMUNICATIONS) - with copies to - MARGO L. LEVINE, ESQ. TANNENBAUM HELPERN SYRACUSE & HIRSCHTRITT 900 THIRD AVENUE - 13TH FLOOR NEW YORK, NEW YORK 10022 (212) 508-6700 NOVEMBER 3, 2003 - -------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7(b) for other parties to whom copies are to be sent. - ---------------- 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. Page 2 of 15 Pages - ------------------ --------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EDELMAN VALUE PARTNERS, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) X (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE, USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------------- SHARES 8. SHARED VOTING POWER 629,300 BENEFICIALLY OWNED BY -------------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 629,300 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 629,300 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 2.09% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------ --------------------- CUSIP No. Page 3 of 15 Pages - ------------------ --------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EDELMAN VALUE FUND, LTD. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) X (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION BRITISH VIRGIN ISLANDS - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------------- SHARES 8. SHARED VOTING POWER 693,100 BENEFICIALLY OWNED BY -------------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 693,100 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 693,100 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 2.30% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT!
- ------------------ --------------------- CUSIP No. Page 4 of 15 Pages - ------------------ --------------------- - ---------------------------------------------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) ASHER B. EDELMAN - ---------------------------------------------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) X (b) - ---------------------------------------------------------------------------------------------------------------------- 3. SEC USE ONLY - ---------------------------------------------------------------------------------------------------------------------- 4. SOURCES OF FUNDS PF, AF - ---------------------------------------------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - ---------------------------------------------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ---------------------------------------------------------------------------------------------------------------------- 7. SOLE VOTING POWER 543,400 -------------------------------------------------------------------------------------------------- 8. SHARED VOTING POWER 2,048,400 (COMPRISED OF SHARES OWNED BY EDELMAN VALUE NUMBER OF PARTNERS, L.P., EDELMAN VALUE FUND, LTD., LT II PARTNERS, L.P., EDELMAN FAMILY PARTNERSHIP SHARES AND ASHER B. EDELMAN AND ASSOCIATES LLC) BENEFICIALLY -------------------------------------------------------------------------------------------------- OWNED BY 9. SOLE DISPOSITIVE POWER 543,400 EACH REPORTING -------------------------------------------------------------------------------------------------- PERSON WITH 10. SHARED DISPOSITIVE POWER 2,048,400 (COMPRISED OF SHARES OWNED BY EDELMAN VALUE PARTNERS, L.P., EDELMAN VALUE FUND, LTD., LT II PARTNERS, L.P., EDELMAN FAMILY PARTNERSHIP AND ASHER B. EDELMAN AND ASSOCIATES LLC) - ---------------------------------------------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,591,800 (COMPRISED OF SHARES OWNED BY ASHER B. EDELMAN, EDELMAN VALUE PARTNERS, L.P., EDELMAN VALUE FUND, LTD., LT II PARTNERS, L.P., EDELMAN FAMILY PARTNERSHIP AND ASHER B. EDELMAN AND ASSOCIATES LLC) - ---------------------------------------------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - ---------------------------------------------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 8.59% - ---------------------------------------------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - ----------------------------------------------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------- ----------------------- CUSIP No. Page 5 of 15 Pages - -------------------- ----------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) LT II PARTNERS, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) X (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE, USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------------- SHARES 8. SHARED VOTING POWER 426,000 BENEFICIALLY OWNED BY -------------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 426,000 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 426,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 1.41% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------ --------------------------- CUSIP No. Page 6 of 15 Pages - ------------------ --------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EDELMAN FAMILY PARTNERSHIP - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) X (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS PF - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE, USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 NUMBER OF -------------------------------------------------------------- SHARES 8. SHARED VOTING POWER 300,000 BENEFICIALLY OWNED BY -------------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 300,000 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.99% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ---------------------- --------------------------- CUSIP No. Page 7 of 15 Pages - ---------------------- --------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) ASHER B. EDELMAN AND ASSOCIATES LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) X (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS INAPPLICABLE - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION TURKS AND CAICOS - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 -------------------------------------------------------------- NUMBER OF 8. SHARED VOTING POWER 1,119,100 (COMPRISED SHARES OF SHARES OWNED BY EDELMAN VALUE FUND, LTD., LT II BENEFICIALLY PARTNERS, L.P. AND ASHER B. EDELMAN AND ASSOCIATES LLC) OWNED BY -------------------------------------------------------------- EACH 9. SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH -------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 1,119,100 (COMPRISED OF SHARES OWNED BY EDELMAN VALUE FUND, LTD., LT II PARTNERS, L.P. AND ASHER B. EDELMAN AND ASSOCIATES LLC) - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,119,100 (COMPRISED OF SHARES OWNED BY EDELMAN VALUE FUND, LTD., LT II PARTNERS, L.P. AND ASHER B. EDELMAN AND ASSOCIATES LLC) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 3.71% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ---------------------- --------------------------- CUSIP No. Page 8 of 15 Pages - ---------------------- --------------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) A. B. EDELMAN MANAGEMENT COMPANY, INC. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A GROUP* (a) X (b) - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCES OF FUNDS INAPPLICABLE - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK, USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER 0 ------------------------------------------------------------ NUMBER OF 8. SHARED VOTING POWER 629,300 SHARES BENEFICIALLY (SHARES OWNED BY EDELMAN VALUE PARTNERS, L.P.) OWNED BY ------------------------------------------------------------ EACH 9. SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH ------------------------------------------------------------ 10. SHARED DISPOSITIVE POWER 629,300 (SHARES OWNED BY EDELMAN VALUE PARTNERS, L.P.) - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 629,300 (SHARES OWNED BY EDELMAN VALUE PARTNERS, L.P.) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 2.09% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ---------------------- --------------------------- CUSIP No. Page 9 of 15 Pages - ---------------------- --------------------------- - -------------------------------------------------------------------------------- 15. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) IRVING GARFINKEL, AS CUSTODIAN FOR CHRISTOPHER ASHER EDELMAN UTMA/NY - -------------------------------------------------------------------------------- 16. CHECK THE APPROPRIATE BOX IF A GROUP* (a) (b) X - -------------------------------------------------------------------------------- 17. SEC USE ONLY - -------------------------------------------------------------------------------- 18. SOURCES OF FUNDS INAPPLICABLE - -------------------------------------------------------------------------------- 19. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) - -------------------------------------------------------------------------------- 20. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 21. SOLE VOTING POWER 165,000 NUMBER OF ------------------------------------------------------------ SHARES 22. SHARED VOTING POWER 0 BENEFICIALLY OWNED BY ------------------------------------------------------------ EACH 23. SOLE DISPOSITIVE POWER 165,000 REPORTING PERSON WITH ------------------------------------------------------------ 24. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 25. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 165,000 - -------------------------------------------------------------------------------- 26. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * - -------------------------------------------------------------------------------- 27. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.51% - -------------------------------------------------------------------------------- 28. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------------- --------------------------- CUSIP No. 581243102 Page 10 of 15 Pages - -------------------------- --------------------------- ITEM 1 SECURITY AND ISSUER Title of Class of Securities Common Stock, no par value per share (the "Shares") Name and Address of Issuer Trend Mining Company (the "Issuer") 4881 East Shoreline Drive Post Falls, Idaho 83854 This Amendment No. 3 (the "Amendment") is being filed, with respect to the Shares of the Issuer, a Montana corporation, by: (i) Mr. Asher B. Edelman, (ii) Edelman Value Partners, L.P., a Delaware limited partnership ("Edelman Value Partners"), (iii) Edelman Value Fund, Ltd., a British Virgin Islands corporation ("Edelman Value Fund"), (iv) Asher B. Edelman and Associates LLC, a Turks and Caicos limited liability company ("Edelman Associates"), (v) LT II Partners, L.P., a Delaware limited partnership ("LT II Partners"), (vi) Edelman Family Partnership, a Delaware partnership ("Edelman Family Partnership"), (vii) A.B. Edelman Management Company, Inc., a New York corporation ("Edelman Management"), and (viii) Mr. Irving Garfinkel, as custodian for Christopher Asher Edelman, UTMA/NY. (Such entities and individuals are collectively referred to herein as the "Reporting Persons"). This Amendment No. 3 amends the Schedule 13D filed by the Reporting Persons on February 13, 2001 as amended by Amendment No. 1 filed by the Reporting Persons on June 18, 2001 and Amendment No. 2 filed by the Reporting Person on November 7, 2002. The purpose of this Amendment is to reflect the sale and gifting of Shares and the expiration of certain warrants and options to purchase Shares owned by the Reporting Persons. - -------------------------- --------------------------- CUSIP No. 581243102 Page 11 of 15 Pages - -------------------------- --------------------------- ITEM 2 IDENTITY AND BACKGROUND Item 2 is hereby amended by adding the following: (a) Irving Garfinkel, as custodian for Christopher Asher Edelman UTMA/NY. (b) Mr. Garfinkel has a business address at 717 Fifth Avenue, New York, New York 10022. (c) Mr. Garfinkel's present principal occupation is self-employed accountant. (d) During the last five years Mr. Garfinkel has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors. (e) During the last five years Mr. Garfinkel has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Mr. Garfinkel is a citizen of the United States of America. ITEM 4 PURPOSE OF TRANSACTION The Shares were gifted to Irving Garfinkel, as custodian for Christopher Asher Edelman UTMA/NY, by Asher Edelman, Christopher Asher Adelman's father. The Issuer's Shares were acquired for investment. Mr. Garfinkel intends to review the investment in the Company on a continuing basis and, depending upon various factors, including the Company's business affairs and financial position, the price levels of the Shares and conditions in the securities markets and general economic and industry conditions, will take such actions with respect to the investment in the Company as he deems appropriate in light of the circumstances existing from time to time. Such actions may include the acquisition of additional Shares through the open-market or in privately negotiated transactions to one or more purchasers under appropriate circumstances. Except as set forth above, Mr. Garfinkel does not have any plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation involving the Issuer or any of its subsidiaries; - -------------------------- --------------------------- CUSIP No. 581243102 Page 12 of 15 Pages - -------------------------- --------------------------- (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or in dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange of 1934, as amended; or (j) any action similar to any of those enumerated above. ITEM 5 INTEREST IN SECURITIES OF THE ISSUER The aggregate percentage of the outstanding shares of Common Stock reported owned by each Reporting Person is based upon 30,163,874 Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-QSB for the period ended June 30, 2003 filed on August 18, 2003. (a) Item 5(a) is hereby amended and restated as follows: As of the close of business on November 3, 2003: (i) Edelman Value Partners beneficially owns 629,300 Shares which constitute approximately 2.09% of the outstanding Shares; warrants and options to purchase 306,375 Shares held by it have expired. (ii) Edelman Management owns no Shares. However, as sole General Partner of Edelman Value Partners, it may be deemed by the provisions of Rule 13d-3 of the rules promulgated under the Exchange Act of 1934 (the "Exchange Act Rules") to beneficially own the 629,300 Shares held by Edelman Value Partners which constitute approximately 2.09% of the outstanding Shares. - -------------------------- --------------------------- CUSIP No. 581243102 Page 13 of 15 Pages - -------------------------- --------------------------- (iii) Edelman Value Fund beneficially owns 693,100 Shares which constitute approximately 2.30% of the outstanding Shares; warrants and options to purchase 465,125 Shares held by it have expired. (iv) LT II Partners beneficially owns 426,000 Shares which constitute approximately 1.41% of the outstanding Shares; warrants and options to purchase 500,000 Shares held by it have expired. (v) Edelman Associates owns no Shares. However, as the Investment Manager of Edelman Value Fund and LT II Partners, it may be deemed under the provisions of Rule 13d-3 of the Exchange Act Rules to beneficially own the 693,100 Shares that are held by Edelman Value Fund and the 426,000 Shares that are held by LT II Partners which, in the aggregate, constitute approximately 3.71% of the outstanding Shares. Options to purchase 100,000 Shares held by Edelman Associates have expired. (vi) Edelman Family Partnership beneficially owns 300,000 Shares which constitute approximately 0.99% of the outstanding Shares. (vii) Irving Garfinkel, custodian for Christopher Asher Edelman UTMA/NY, beneficially owns 165,000 Shares which constitute approximately 0.51% of the outstanding Shares. (viii) Asher B. Edelman owns 543,040 Shares directly. In addition, (A) as the President and sole director of Edelman Management, which is the sole General Partner of Edelman Value Partners, (B) as the Managing Member of Edelman Associates, which is the Investment Manager of Edelman Value Fund and LT II Partners, and (C) as the General Partner of Jacobson Family Investments, Mr. Edelman may be deemed, under the provisions of Rule 13d-3 of the Exchange Act Rules, to be the beneficial owner of (1) the 629,300 Shares held by Edelman Value Partners, (2) the 693,100 Shares held by Edelman Value Fund, (3) the 426,004 Shares held by LT II Partners, and (4) the 300,000 Shares held by Edelman Family Partnership. - -------------------------- --------------------------- CUSIP No. Page 14 of 15 Pages - -------------------------- --------------------------- Such shares, comprising a total of 2,591,800 Shares in the aggregate (including the Shares held directly by Mr. Edelman), constitute approximately 8.59% of the outstanding Shares. Warrants to purchase 375,000 Shares held directly by Mr. Edelman have expired. (c) Item 5(c) is hereby amended and restated as follows: Mr. Edelman sold the Shares in the open market on the dates and for the prices per share listed below: Date # of Shares sold Price per Share - ---- ---------------- --------------- July 21, 2003 25,000 $0.16 July 22, 2003 15,000 $0.15 September 26, 2003 50,000 $0.26 September 29, 2003 71,200 $0.25 September 30, 2003 10,000 $0.26 October 7, 2003 28,800 $0.32 October 28, 2003 10,000 $0.41 October 30, 2003 36,600 $0.40 October 31, 2003 10,000 $0.39 November 3, 2003 40,000 $0.32 Additionally, on October 1, 2001, Mr. Edelman gifted an aggregate of 60,000 Shares, 45,000 Shares to the Edelman Family Partnership and 15,000 to Irving Garfinkel as custodian for Christopher Asher Edelman UTMA/NY. - -------------------- --------------------------- CUSIP No. Page 15 of 15 pages - -------------------- --------------------------- 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. November 10, 2003 ----------------------------------- (Dated) /s/ Asher B. Edelman ----------------------------------- Asher B. Edelman, for himself and as attorney-in-fact for each of Edelman Value Partners, L.P., Edelman Value Fund, Ltd., LT II Partners, L.P., Edelman Family Partnership, Asher B. Edelman & Associates LLC. and A.B. Edelman Management Company, Inc. /s/ Irving Garfinkel_________ ----------------------------------- Irving Garfinkel, as Custodian for Christopher Asher Edelman UTMA/NY -----END PRIVACY-ENHANCED MESSAGE-----