0001213900-14-002654.txt : 20140425 0001213900-14-002654.hdr.sgml : 20140425 20140425113740 ACCESSION NUMBER: 0001213900-14-002654 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140425 DATE AS OF CHANGE: 20140425 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IDO Security Inc. CENTRAL INDEX KEY: 0001301367 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81879 FILM NUMBER: 14784121 BUSINESS ADDRESS: STREET 1: 1332 8TH ST. CITY: SASKATOON STATE: A9 ZIP: S7H 0S9 BUSINESS PHONE: 3068801677 MAIL ADDRESS: STREET 1: 1332 8TH ST. CITY: SASKATOON STATE: A9 ZIP: S7H 0S9 FORMER COMPANY: FORMER CONFORMED NAME: Medical Exchange Inc. DATE OF NAME CHANGE: 20040824 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHALEHAVEN CAPITAL FUND LTD CENTRAL INDEX KEY: 0001326903 IRS NUMBER: 980451099 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: P O BOX HM 1027 CITY: HAMILTON STATE: D0 ZIP: HMDX BUSINESS PHONE: 011-441-295-8313 MAIL ADDRESS: STREET 1: P O BOX HM 1027 CITY: HAMILTON STATE: D0 ZIP: HMDX SC 13G 1 sc13g042514_whalehaven-ido.htm STATEMENT OF BENEFICIAL OWNERSHIP sc13g042514_whalehaven-ido.htm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)
 

 
IDO SECURITY INC.
(Name of Issuer)



COMMON STOCK, $0.001 PAR VALUE PER SHARE
(Title of Class of Securities)



449399104
(CUSIP Number)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(c)

*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).
 
 
(Continued on following page(s)
 
Page 1 of 4 Pages
 
 
 
 
         
         
 CUSIP No. 449399104     13G     Page 2 of 4 Pages
         
         
 
  
1. 
NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Whalehaven Capital Fund Limited
 
 
2. 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
                                                                 (a)   o
                                                                 (b)   o
 
 
3. 
SEC USE ONLY
 
 
 
4. 
CITIZENSHIP OR PLACE OF ORGANIZATION

Bermuda
 
 
5.
SOLE VOTING POWER, NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON – 5,244,214 Common Stock
 
 
6. 
SHARED VOTING POWER - None

 
7. 
SOLE DISPOSITIVE POWER – 5,244,214 shares of Common Stock

 
8. 
SHARED DISPOSITIVE POWER – None

 
9. 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON - 5,244,214 shares of Common Stock
 
 
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        
o
 
 
11. 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

9.979%

 
12. 
TYPE OF REPORTING PERSON
 
CO
 
 
 
 
 
 
 
 
         
         
 CUSIP No. 449399104     13G     Page 3 of 4 Pages
         
         

 
ITEM 1 (a)
NAME OF ISSUER: IDO Security, Inc.

ITEM 1 (b)
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

       7875 SW 40th Street, Suite 224, Miami, FL 33155-3510

ITEM 2 (a)
NAME OF PERSON FILING: Whalehaven Capital Fund Limited

ITEM 2 (b)
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

       285 Grand Avenue, Patriot Center, Building 5, 2nd Floor, Englewood, NJ 07631

ITEM 2 (c)
CITIZENSHIP: Bermuda

ITEM 2 (d)
TITLE OF CLASS OF SECURITIES: Common Stock, $0.001 par value per share

ITEM 2 (e)
CUSIP NUMBER: 449399104

ITEM 3
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B):  Not applicable

ITEM 4
OWNERSHIP

 
(a)
AMOUNT BENEFICIALLY OWNED: 5,244,214 Shares of Common Stock

 
(b)
PERCENT OF CLASS: 9.979%

 
(c)
NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

 
(i) 
SOLE POWER TO VOTE OR DIRECT THE VOTE

5,244,214 Shares

 
(ii) 
SHARED POWER TO VOTE OR DIRECT THE VOTE

0 Shares

 
(iii)
SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

5,244,214 Shares

 
(iv)
SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

0 Shares

 
 
 
 
 
         
         
 CUSIP No. 449399104     13G     Page 4 of 4 Pages
         
         
 
 
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 A GROUP

                                Not applicable

ITEM 9 
NOTICE OF DISSOLUTION OF GROUP

                                Not applicable



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.
 
    April 25, 2014   
    (Date)   
       
 
 
 /s/ Michael Finkelstein  
    (Signature)  
       
    Michael Finkelstein/ CEO  
   
(Name/Title)