-----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, GbcDyVxBIZzYuCNC0pQDTSmZWpo1YD/aKh7xJ9IdpFupPfEjsOylQDOQXXqNHrhf TJfAxvAuxo44t4JFHWgtDA== 0001144204-07-007585.txt : 20070214 0001144204-07-007585.hdr.sgml : 20070214 20070214112744 ACCESSION NUMBER: 0001144204-07-007585 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070214 DATE AS OF CHANGE: 20070214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HARTVILLE GROUP INC CENTRAL INDEX KEY: 0001126960 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 943860099 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79289 FILM NUMBER: 07615733 BUSINESS ADDRESS: STREET 1: 3840 GREENTREE AVENUE SW CITY: CANTON STATE: OH ZIP: 44706 BUSINESS PHONE: 330 484-8166 MAIL ADDRESS: STREET 1: 3840 GREENTREE AVENUE SW CITY: CANTON STATE: OH ZIP: 44706 FORMER COMPANY: FORMER CONFORMED NAME: HARTVILLE GROUP INC DATE OF NAME CHANGE: 20021002 FORMER COMPANY: FORMER CONFORMED NAME: VENTURELIST COM INC DATE OF NAME CHANGE: 20001024 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CRESCENT INTERNATIONAL LTD CENTRAL INDEX KEY: 0001075643 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O GREENLIGHT(SWITZERLAND)SA STREET 2: 84 AVE LOUIS CASAI, 1216 COINTRIN/GENEVA CITY: SWITZERLAND BUSINESS PHONE: 41227917170 MAIL ADDRESS: STREET 1: 2 CHURCH STREET STREET 2: HAMILTON H 11 CITY: BERMUDA STATE: D0 ZIP: 00000 SC 13G/A 1 v065838_sc13ga.htm Unassociated Document
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
 

 
SCHEDULE 13G
(RULE 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)

(AMENDMENT NO. 1)
  


HARTVILLE GROUP, INC.
(Name of Issuer)

COMMON STOCK
(Title of Class of Securities)

417287109
(CUSIP Number)

DECEMBER 31, 2006
(Date of event which requires filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

(Continued on following pages)



1.
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Crescent International Ltd.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
3.
SEC USE ONLY
4.
CITIZENSHIP OR PLACE OF ORGANIZATION:
Bermuda
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
 
5.
SOLE VOTING POWER
4,334,689
6.
SHARED VOTING POWER
None.
7.
SOLE DISPOSITIVE POWER
4,334,689
8.
SHARED DISPOSITIVE POWER
None.
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,334,689
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.91% (1)
12.
TYPE OF REPORTING PERSON: OO

1.
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cantara (Switzerland) SA
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) x
3.
SEC USE ONLY
4.
CITIZENSHIP OR PLACE OF ORGANIZATION:
Switzerland
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5.
SOLE VOTING POWER
4,334,689
6.
SHARED VOTING POWER
None.
7.
SOLE DISPOSITIVE POWER
4,334,689
8.
SHARED DISPOSITIVE POWER
None.
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,334,689
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.91% (1)
12.
TYPE OF REPORTING PERSON: OO
(1)  
Based on 54,799,885 issued and outstanding shares of Common Stock as of November 1, 2006, as reported in Hartville’s Form 10-QSB for the fiscal period ended September 30, 2006 which was filed on November 20, 2006 with the Securities and Exchange Commission.
 

 
Item 1(a).
Name of Issuer.
 
 
Hartville Group, Inc. (“Hartville”)
   
Item 1(b).
Address of Issuer’s Principal Executive Offices.
 
 
3840 Greentree Avenue SW
Canton, Ohio 44706
   
Item 2(a).
Names of Person Filing.
 
   
(i)  Crescent International Ltd. (“Crescent”)
(ii)  Cantara (Switzerland) SA (“Cantara”)

Item 2(b).
Address of Principal Business Office, or if none, Residence.
 
 
As to Crescent:
Clarendon House
2 Church Street
Hamilton H 11
Bermuda
 
As to Cantara:
84, av. Louis Casai
CH-1216 Cointrin, Geneva
Switzerland
 

 
Item 2(c).
Citizenship.
 
 
As to Crescent: Bermuda
As to Cantara: Switzerland
   
Item 2(d).
Title of Class of Securities.
 
 
Common Stock, par value $.001 per share (the “Common Stock”).
   
Item 2(e).
CUSIP Number.
 
 
417287109
   
Item 3.
If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check whether the person filing is a:
 
 
Not applicable.
   
Item 4.
Ownership.
   
 
The information contained in Items 5 though 11 on the cover pages hereto is incorporated herein by reference. Crescent beneficially owns 4,334,689 shares of Common Stock. In addition, Crescent owns common stock purchase warrants to purchase up to an aggregate of 565,767 shares of Common Stock with an exercise price of $.01 and termination dates of November 11, 2009 (for warrants covering 266,000 shares of Common Stock) and September 30, 2010 (for warrants covering 299,767 shares of Common Stock). However, the warrants contain a limitation prohibiting exercise to the extent that Crescent (together with its affiliates) would beneficially own in excess of 4.99% of the outstanding Common Stock immediately after giving effect to such exercise (subject to a waiver on not less than 61 days prior notice). Since Crescent currently owns 7.91% of the issued and outstanding Common Stock, the warrants are not currently convertible and have not been included in the calculations of the number of shares of Common Stock beneficially owned by Crescent or the number of issued and outstanding shares of Common Stock of the Issuer.

 

 
Cantara serves as the investment manager to Crescent, and as such has been granted investment discretion over investments including the Common Stock.  As a result of its role as investment manager to Crescent, Cantara may be deemed to be the beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934, of Common Stock held by Crescent.  However, Cantara does not have the right to receive any dividends from, or the proceeds from the sale of, the Common Stock held by Crescent and disclaims any ownership associated with such rights.  Currently, Maxi Brezzi and Bachir Taleb-Ibrahimi, in their capacity as managers of Cantara have delegated authority regarding the portfolio management decisions of Crescent with respect to the Hartville securities owned by Crescent.  Neither of such persons has any legal right to maintain such delegated authority.  As a result of such delegated authority, Messrs. Brezzi and Taleb-Ibrahimi may be deemed to be the beneficial owners of Common Stock held by Crescent.  However, neither of Messrs. Brezzi or Taleb-Ibrahimi has any right to receive any dividends from, or the proceeds from the sale of, the Common Stock held by Crescent and disclaim beneficial ownership of such shares of Common Stock.

Accordingly, for the purposes of this Statement:
 
 
  (i)
Crescent is reporting that it has the power solely to vote or direct the vote and the power to dispose or direct the disposition of, a total of 4,334,689 shares of Common Stock beneficially owned by it;
  (ii)
Cantara is reporting that it has the power solely to vote or direct the vote and the power to dispose or direct the disposition of, a total of 4,334,689 shares of Common Stock beneficially owned by it.

Item 5.
Ownership of Five Percent or Less of a Class.
 
Not applicable.
   
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
 
Not applicable.
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
 
Not applicable.
   
Item 8.
Identification and Classification of Members of the Group.
 
Not applicable.
   
Item 9.
Notice of Dissolution of Group.
 
Not applicable.
   
Item 10.
Certification.
 
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 which could have that 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.
 
     
 
Date: February 13, 2007
 
CRESCENT INTERNATIONAL LTD.
 
 
 
 
 
 
  By:  CANTARA (Switzerland) SA, as Attorney-in-Fact
     
  By:     /s/ Maxi Brezzi
   

Name: Maxi Brezzi
Title:   Authorized Signatory 
     
  By:   /s/ Bachir Taleb-Ibrahimi
   

Name:  Bachir Taleb-Ibrahimi
Title:    Authorized Signatory 
 
     
 
CANTARA (SWITZERLAND) SA
 
     
  By:     /s/ Maxi Brezzi
   

Name: Maxi Brezzi
Title:   Managing Director
     
  By:   /s/ Bachir Taleb-Ibrahimi
   

Name:  Bachir Taleb-Ibrahimi
Title:    Investment Manager
 
   


 
 



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