-----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, EHLYrsTjt4pZtiMxgxeYJec5ygpa2Hv9Q/mjPeztPNk5mVOI5GFvtLvDtp6Uk2Wd CCi8trtU11KzfhJmveVIRw== 0000950134-06-000856.txt : 20060120 0000950134-06-000856.hdr.sgml : 20060120 20060120172946 ACCESSION NUMBER: 0000950134-06-000856 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060120 DATE AS OF CHANGE: 20060120 GROUP MEMBERS: BARRY M KITT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHINA AGRITECH INC CENTRAL INDEX KEY: 0001166389 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 752955368 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79870 FILM NUMBER: 06541658 BUSINESS ADDRESS: STREET 1: 20 DALIAN ROAD STREET 2: PINGFANG DEVELOPMENT ZONE CITY: HARBIN STATE: F4 ZIP: 150060 BUSINESS PHONE: 8645186812728 MAIL ADDRESS: STREET 1: 20 DALIAN ROAD STREET 2: PINGFANG DEVELOPMENT ZONE CITY: HARBIN STATE: F4 ZIP: 150060 FORMER COMPANY: FORMER CONFORMED NAME: BASIC EMPIRE CORP DATE OF NAME CHANGE: 20020201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Pinnacle China Fund, L.P. CENTRAL INDEX KEY: 0001342419 IRS NUMBER: 203358646 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 4965 PRESTON PARK BLVD. STREET 2: SUITE 240 CITY: PLANO STATE: TX ZIP: 75093 BUSINESS PHONE: 972-985-2121 MAIL ADDRESS: STREET 1: 4965 PRESTON PARK BLVD. STREET 2: SUITE 240 CITY: PLANO STATE: TX ZIP: 75093 SC 13G 1 d32161sc13g.htm SCHEDULE 13G sc13g
 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.  )*

China Agritech, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

069851201

(CUSIP Number)

January 13, 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)

        þ Rule 13d-1 (c)

        o Rule 13d-1 (d)

*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 (“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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Person Authorized to Receive Notices and Communications:

Taylor H. Wilson, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, TX 75202
(214) 651-5000

 

 

             
SCHEDULE 13G
CUSIP No. 069851201 Page 2 of 7
  1. Name of Reporting Person:
Pinnacle China Fund, L.P., a Texas limited partnership		 I.R.S. Identification Nos. of above persons (entities only):
20-3358646
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) þ  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Texas
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
1,200,000
6. Shared Voting Power:
0
7. Sole Dispositive Power:
1,200,000
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
1,200,000
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
6.3%(1)
  12.Type of Reporting Person:
PN

(1) Based on a total of 19,143,615 shares outstanding on January 13, 2006, as disclosed in the Stock Purchase Agreement filed as Exhibit 10.1 to the Form 8-K filed by China Agritech, Inc. on January 18, 2006.

 

 

             
CUSIP No. 069851201 Page 3 of 7
  1. Name of Reporting Person:
Barry M. Kitt		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) þ  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
United States
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
1,200,000
6. Shared Voting Power:
0
7. Sole Dispositive Power:
1,200,000
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
1,200,000
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
6.3%(1)
  12.Type of Reporting Person:
IN

(1) Based on a total of 19,143,615 shares outstanding on January 13, 2006, as disclosed in the Stock Purchase Agreement filed as Exhibit 10.1 to the Form 8-K filed by China Agritech, Inc. on January 18, 2006.

 

 

CUSIP No. 069851201   Page 4 of 7
         
Item 1(a)
  Name of Issuer:
 
        
 
  China Agritech, Inc.
 
        
Item 1(b)
  Address of Issuer’s Principal Executive Offices:
 
        
 
  20 Dalian Road
 
  Pingfang Development Zone
 
  Harbin, China, 150060
 
        
Item 2(a)
  Names of Persons Filing:
 
        
 
  Pinnacle China Fund, L.P.
 
  Barry M. Kitt
 
        
Item 2(b)
  Address of Principal Business Office:
 
        
 
  4965 Preston Park Blvd.
  
  Suite 240 Plano, Texas 75093
 
        
Item 2(c)
  Citizenship:
 
        
 
  See Item 4 of each cover page.
 
        
Item 2(d)
  Title of Class of Securities:
 
        
 
  Common Stock, par value $0.001 per share
 
        
Item 2(e)
  CUSIP No:
 
        
 
  069851201    

 

 

CUSIP No. 069851201   Page 5 of 7
                         
Item 3   Status of Persons Filing:                  
 
   (a) o           Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
   (b) o           Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
   (c) o            Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
 
   (d) o            Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
 
   (e) o            An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
   (f) o            An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
   (g) o            A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
   (h) o            A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
   (i) o           A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
   (j) o             Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4
Ownership:
(a)   This statement is filed on behalf of Pinnacle China Fund, L.P. (“Pinnacle”) and Barry M. Kitt. Pinnacle China Advisers, L.P. (“Advisers”) is the general partner of Pinnacle. Pinnacle China Management, LLC (“Management”) is the general partner of Advisers. Kitt China Management, LLC (“Manager”) is the manager of Management. Mr. Kitt is the sole member of Manager. As of January 13, 2006, Pinnacle was the beneficial owner of 1,200,000 shares of common stock of China Agritech, Inc. (“Common Stock”). Mr. Kitt may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Pinnacle. Mr. Kitt expressly disclaims beneficial ownership of all shares of Common Stock beneficially owned by Pinnacle.
(b)   Percent of Class:
               See Item 11 of each cover page.
(c)   Number of shares as to which each person has:
  (i)   sole power to vote or to direct the vote:
               See Item 5 of each cover page.


 

 

CUSIP No. 069851201   Page 6 of 7

  (ii)   shared power to vote or to direct the vote:
                         See Item 6 of each cover page.
  (iii)   sole power to dispose or to direct the disposition of:
                         See Item 7 of each cover page.
  (iv)   shared power to dispose or to direct the disposition of:
                         See Item 8 of each cover page.


     
Item 5
  Ownership of 5% or Less of a Class:
 
    
 
  Not applicable.
 
    
Item 6
  Ownership of More than 5% 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 or Control Person:
 
    
 
  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 having that purpose or effect.

 

 

CUSIP No. 069851201   Page 7 of 7
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: January 20, 2006
         
  PINNACLE CHINA FUND, L.P.
 		  
  By:   Pinnacle China Advisers, L.P., its general partner    
         
     
  By:   Pinnacle China Management, LLC, its general partner    
         
     
  By:   Kitt China Management, LLC, its manager    
         
     
  By:   /s/ Barry M. Kitt    
    Barry M. Kitt, its sole member   
       
 
/s/ Barry M. Kitt
Barry M. Kitt

 

 

EXHIBITS
     
Exhibit 1
  Joint Filing Agreement, dated January 20, 2006, by and between Pinnacle China Fund, L.P. and Barry M. Kitt.

 

EX-99.1 2 d32161exv99w1.htm JOINT FILING AGREEMENT exv99w1
 

EXHIBIT 1
JOINT FILING AGREEMENT
     In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them a Statement on Schedule 13G (including amendments thereto) with regard to the common stock of China Agritech, Inc. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of January 20, 2006.
         
  PINNACLE CHINA FUND, L.P.
 		  
  By:   Pinnacle China Advisers, L.P., its general partner    
         
     
  By:   Pinnacle China Management, LLC, its general partner    
         
     
  By:   Kitt China Management, LLC, its manager    
         
     
  By:   /s/ Barry M. Kitt    
    Barry M. Kitt, its sole member   
       
/s/ Barry M. Kitt
Barry M. Kitt

 

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