sec document

-----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, QSuKPJ3+WH3Tp9KaQwyJrru+HaY2gybURGbmIP9DhqcgFmtE+l6Hho1EgCl3m4Qj c0EPUy1KuePnJAwQB/hVmA== 0000921895-07-000142.txt : 20070122 0000921895-07-000142.hdr.sgml : 20070122 20070119183217 ACCESSION NUMBER: 0000921895-07-000142 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070122 DATE AS OF CHANGE: 20070119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Rand Logistics, Inc. CENTRAL INDEX KEY: 0001294250 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 201195343 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80134 FILM NUMBER: 07541836 BUSINESS ADDRESS: STREET 1: 461 PARK AVENUE STREET 2: 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-644-3450 MAIL ADDRESS: STREET 1: 461 PARK AVENUE STREET 2: 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: Rand Acquisition CORP DATE OF NAME CHANGE: 20040618 FORMER COMPANY: FORMER CONFORMED NAME: Grand Slam Acquisition CORP DATE OF NAME CHANGE: 20040617 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ISLANDIA LP CENTRAL INDEX KEY: 0001312264 IRS NUMBER: 222982865 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: JOHN LANG INC STREET 2: 485 MADISON AVENUE 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-584-2100 MAIL ADDRESS: STREET 1: JOHN LANG INC STREET 2: 485 MADISON AVENUE 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 sc13g06717ran_08012006.htm sec document


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 --------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             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

                               (Amendment No. )*

                              Rand Logistics, Inc.
 ------------------------------------------------------------------------------
                                (Name of Issuer)

                    Common Stock, Par Value $.0001 Per Share
 ------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    752182105
 ------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 August 1, 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:

      / / Rule 13d-1(b)

      /x/ Rule 13d-1(c)

      / / 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).






- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 2 of 12 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                    Islandia, L.P.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                    Delaware
- --------------------------------------------------------------------------------
 NUMBER OF         5     SOLE VOTING POWER
   SHARES
BENEFICIALLY                  1,362,107 shares
  OWNED BY     -----------------------------------------------------------------
    EACH           6     SHARED VOTING POWER
 REPORTING
PERSON WITH                   0 shares
               -----------------------------------------------------------------
                   7     SOLE DISPOSITIVE POWER

                              1,362,107 shares
               -----------------------------------------------------------------
                   8     SHARED DISPOSITIVE POWER

                              0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                    1,362,107 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                    15.8%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON*

                    PN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 3 of 12 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                    John Lang, Inc.
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                    New York
- --------------------------------------------------------------------------------
 NUMBER OF         5     SOLE VOTING POWER
   SHARES
BENEFICIALLY                  1,362,107 shares
  OWNED BY     -----------------------------------------------------------------
    EACH           6     SHARED VOTING POWER
 REPORTING
PERSON WITH                   0 shares
               -----------------------------------------------------------------
                   7     SOLE DISPOSITIVE POWER

                              1,362,107 shares
               -----------------------------------------------------------------
                   8     SHARED DISPOSITIVE POWER

                              0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                    1,362,107 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                    15.8%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON*

                    CO
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 4 of 12 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                    Richard Berner
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                    USA
- --------------------------------------------------------------------------------
 NUMBER OF         5     SOLE VOTING POWER
   SHARES
BENEFICIALLY                  1,362,107 shares
  OWNED BY     -----------------------------------------------------------------
    EACH           6     SHARED VOTING POWER
 REPORTING
PERSON WITH                   0 shares
               -----------------------------------------------------------------
                   7     SOLE DISPOSITIVE POWER

                              1,362,107 shares
               -----------------------------------------------------------------
                   8     SHARED DISPOSITIVE POWER

                              0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                    1,362,107 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                    15.8%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON*

                    IN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 5 of 12 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                    Edgar Berner
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                    USA
- --------------------------------------------------------------------------------
 NUMBER OF         5     SOLE VOTING POWER
   SHARES
BENEFICIALLY                  1,362,107 shares
  OWNED BY     -----------------------------------------------------------------
    EACH           6     SHARED VOTING POWER
 REPORTING
PERSON WITH                   0 shares
               -----------------------------------------------------------------
                   7     SOLE DISPOSITIVE POWER

                              1,362,107 shares
               -----------------------------------------------------------------
                   8     SHARED DISPOSITIVE POWER

                              0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                    1,362,107 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                    15.8%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON*

                    IN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 6 of 12 Pages
- ----------------------                                    ----------------------


================================================================================
     1         NAME OF REPORTING PERSONS
               I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

                    Thomas Berner
- --------------------------------------------------------------------------------
     2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a) / /
                                                                         (b) / /
- --------------------------------------------------------------------------------
     3         SEC USE ONLY

- --------------------------------------------------------------------------------
     4         CITIZENSHIP OR PLACE OF ORGANIZATION

                    USA
- --------------------------------------------------------------------------------
 NUMBER OF         5     SOLE VOTING POWER
   SHARES
BENEFICIALLY                  1,362,107 shares
  OWNED BY     -----------------------------------------------------------------
    EACH           6     SHARED VOTING POWER
 REPORTING
PERSON WITH                   0 shares
               -----------------------------------------------------------------
                   7     SOLE DISPOSITIVE POWER

                              1,362,107 shares
               -----------------------------------------------------------------
                   8     SHARED DISPOSITIVE POWER

                              0 shares
- --------------------------------------------------------------------------------
     9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
               PERSON

                    1,362,107 shares
- --------------------------------------------------------------------------------
    10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
               CERTAIN SHARES*                                               / /
- --------------------------------------------------------------------------------
    11         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                    15.8%
- --------------------------------------------------------------------------------
    12         TYPE OF REPORTING PERSON*

                    IN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 7 of 12 Pages
- ----------------------                                    ----------------------


Item 1(a).  Name of Issuer:

            Rand Logistics, Inc.

Item 1(b).  Address of Issuer's Principal Executive Offices:

            461 Fifth Avenue, 25th Floor
            New York, New York 10017

Item 2(a).  Name of Person Filing:

            This  statement  is filed by  Islandia,  L.P.,  a  Delaware  limited
            partnership  ("Islandia"),  John Lang,  Inc., a New York corporation
            ("John Lang"),  Richard Berner, Edgar Berner and Thomas Berner. Each
            of  the  foregoing  is  referred  to  as a  "Reporting  Person"  and
            collectively  as the  "Reporting  Persons." John Lang is the general
            partner of  Islandia.  Richard  Berner  serves as  President of John
            Lang.  Each of Edgar  Berner  and  Thomas  Berner  serves  as a Vice
            President of John Lang. By virtue of their respective positions with
            John Lang,  each of Richard  Berner,  Edgar Berner and Thomas Berner
            has the sole power to vote and dispose of the shares of Common Stock
            beneficially owned by Islandia.  Accordingly,  the Reporting Persons
            are hereby filing a joint  Schedule 13G. Each of John Lang,  Richard
            Berner,   Edgar  Berner  and  Thomas  Berner  disclaims   beneficial
            ownership  of the  shares  of  Common  Stock  beneficially  owned by
            Islandia.

Item 2(b).  Address of Principal Business Office or, if None, Residence:

            485 Madison Avenue, 23rd Floor
            New York, New York 10022

Item 2(c).  Citizenship:

            Islandia  is a Delaware  limited  partnership.  John Lang is a New
            York  corporation.  Each  of  Richard  Berner,  Edgar  Berner  and
            Thomas Berner is a citizen of the United States of America.

Item 2(d).  Title of Class of Securities:

            Common Stock, par value $.0001 per share

Item 2(e).  CUSIP Number:

            752182105



- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 8 of 12 Pages
- ----------------------                                    ----------------------


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 Act (15
                  U.S.C. 78o).

      (b)   / /   Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).

      (c)   / /   Insurance company as defined in Section 3(a)(19) of the Act
                  (15 U.S.C. 78c).

      (d)   / /   Investment company registered under Section 8 of the
                  Investment Company Act of 1940 (15 U.S.C. 80a-8).

      (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 (12 U.S.C. 1813).

      (i)   / /   A church plan that is excluded from the definition of an
                  investment company under Section 3(c)(14) of the Investment
                  Company Act (15 U.S.C. 80a-3).

      (j)   / /   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4.     Ownership

      (a)   Amount beneficially owned:

            1,362,107 shares*

      (b)   Percent of class:

            15.8% (based on 8,002,957  shares of Common Stock  outstanding as of
            November  17, 2006 as reported in the Issuer's  Quarterly  Report on
            Form 10-QSB filed with the  Securities  and Exchange  Commission  on
            November 20, 2006)

      (c)   Number of shares as to which such person has:

      (i)   Sole power to vote or to direct the vote



- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 9 of 12 Pages
- ----------------------                                    ----------------------

            1,362,107 shares*

      (ii)  Shared power to vote or to direct the vote

            0 shares

      (iii) Sole power to dispose or to direct the disposition of

            1,362,107 shares*

      (iv)  Shared power to dispose or to direct the disposition of

            0 shares

* Represents  762,107  shares of Common  Stock and warrants to purchase  600,000
shares  of  Common  Stock  owned by  Islandia.  By  virtue  of their  respective
positions  with John Lang,  the  general  partner of  Islandia,  each of Richard
Berner,  Edgar Berner and Thomas  Berner has sole voting and  dispositive  power
with respect to the shares of Common Stock beneficially owned by Islandia.  Each
of  John  Lang,  Richard  Berner,  Edgar  Berner  and  Thomas  Berner  disclaims
beneficial  ownership  of the  shares  of  Common  Stock  beneficially  owned by
Islandia.

Item 5.     Ownership of Five Percent or Less of a Class.

            If this  statement  is being filed to report the fact that as of the
date hereof the reporting  person has ceased to be the beneficial  owner of more
than five percent of the class of securities, check the following [ ].

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 or Control Person.

            Not Applicable

Item 8.     Identification and Classification of Members of the Group.

            See Joint Filing Agreement filed as an exhibit hereto.

Item 9.     Notice of Dissolution of Group.

            Not Applicable



- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 10 of 12 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 that purpose or effect.





- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 11 of 12 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.

Dated: January 19, 2007             ISLANDIA, L.P.

                                    By:   John Lang, Inc.
                                          General Partner


                                    By: /s/ Edgar Berner
                                       ---------------------------------------
                                    Name: Edgar Berner
                                    Title: Vice President


                                    JOHN LANG, INC.


                                    By: /s/ Edgar Berner
                                       ---------------------------------------
                                    Name: Edgar Berner
                                    Title: Vice President


                                    /s/ Richard Berner
                                    ------------------------------------------
                                    Richard Berner


                                    /s/ Edgar Berner
                                    ------------------------------------------
                                    Edgar Berner


                                    /s/ Thomas Berner
                                    ------------------------------------------
                                    Thomas Berner









- ----------------------                                    ----------------------
CUSIP No. 752182105                   13G                    Page 12 of 12 Pages
- ----------------------                                    ----------------------


                             JOINT FILING AGREEMENT

      In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act
of 1934, as amended, the persons named below agree to the joint filing on behalf
of each of them of a Statement on Schedule 13G dated January 19, 2007 (including
amendments  thereto)  with respect to the Common Stock of Rand  Logistics,  Inc.
This Joint Filing Agreement shall be filed as an Exhibit to such Statement.

Dated: January 19, 2007             ISLANDIA, L.P.

                                    By:   John Lang, Inc.
                                          General Partner


                                    By: /s/ Edgar Berner
                                       ---------------------------------------
                                    Name: Edgar Berner
                                    Title: Vice President


                                    JOHN LANG, INC.


                                    By: /s/ Edgar Berner
                                       ---------------------------------------
                                    Name: Edgar Berner
                                    Title: Vice President


                                    /s/ Richard Berner
                                    ------------------------------------------
                                    Richard Berner


                                    /s/ Edgar Berner
                                    ------------------------------------------
                                    Edgar Berner


                                    /s/ Thomas Berner
                                    ------------------------------------------
                                    Thomas Berner
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