-----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, Ta8fT1nb3szMPakTFC54AcgwIRCgBNWYURTL98F+Zqf9GqLW1vhxIRPOdU+zXthy ihYPm9a3d8fmz6X4ZrZ6og== 0001144204-07-064294.txt : 20071127 0001144204-07-064294.hdr.sgml : 20071127 20071126201035 ACCESSION NUMBER: 0001144204-07-064294 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071127 DATE AS OF CHANGE: 20071126 GROUP MEMBERS: BRAESRIDGE ENERGY LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PLATINUM ENERGY RESOURCES INC CENTRAL INDEX KEY: 0001329605 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 141928384 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81107 FILM NUMBER: 071267603 BUSINESS ADDRESS: STREET 1: 3 PARAGON DRIVE CITY: MONTVALE STATE: NJ ZIP: 07645 BUSINESS PHONE: 845-323-0434 MAIL ADDRESS: STREET 1: 3 PARAGON DRIVE CITY: MONTVALE STATE: NJ ZIP: 07645 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Kostiner Barry CENTRAL INDEX KEY: 0001338670 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 845-323-0434 MAIL ADDRESS: STREET 1: 189 MCNAMARA RD. CITY: WESLEY HILLS STATE: NY ZIP: 10977 SC 13D/A 1 v095554_sc13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D (Amendment No. 5) UNDER THE SECURITIES EXCHANGE ACT OF 1934 PLATINUM ENERGY RESOURCES INC. (Name of Issuer) COMMON STOCK, $.0001 PAR VALUE PER SHARE (Title of Class of Securities) 727659104 (CUSIP Number) Barry Kostiner 189 McNamara Rd. Wesley Hills, New York 10977 (845) 323-0434 (Name, address and telephone number of person authorized to receive notices and communications) - with a copy to - Eliezer Helfgott, Esq. Sills Cummis & Gross P.C. One Riverfront Plaza Newark, New Jersey 07102 (973) 643-7000 November 21, 2007 (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (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 Section 240.13d-7(b) for other parties to whom copies are to be sent. SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO 727659104 Page 2 of 10 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Barry Kostiner - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS AF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Canada - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 968,130 SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY REPORTING PERSON 7,041,100 WITH -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 968,130 -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 7,041,100 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,009,230 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 30.2% (see Item 5 for an explanation) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- 2 SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP NO 727659104 Page 3 of 10 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Braesridge Energy LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES -------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY REPORTING PERSON 7,041,100 WITH -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER None -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 7,041,100 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,041,100 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 26.6% (see Item 5 for an explanation) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- 3 This Amendment No. 5 ("Amendment No. 5") to Schedule 13D amends and supplements the statement on Schedule 13D filed by Barry Kostiner and Braesridge Energy LLC ("BEL"), as previously amended and supplemented, pursuant to a Joint Filing Agreement filed with the original Schedule 13D on September 12, 2007, with respect to the common stock, $.0001 par value per share (the "Common Stock") of Platinum Energy Resources Inc., a Delaware corporation (the "Issuer"). Capitalized terms used and not defined in this Amendment No. 5 have the meanings set forth in the Schedule 13D. Except as specifically provided herein, this Amendment No. 5 does not modify any of the information previously reported in the Schedule 13D and the amendments thereto. Item 3. Source and Amount of Funds or Other Consideration Item 3 of this Schedule 13D is hereby amended and supplemented by adding the following: On November 21, 2007, BEL made a private block purchase of 1,400,000 warrants to purchase Common Stock at a purchase price of $1.90 per warrant for an aggregate purchase price of $2,660,000. The source of funds for the payment by BEL for such warrants was BEL's working capital. Item 5. Interest in Securities of the Issuer (a) (ii) BEL is the record owner of 3,454,800 shares of Common Stock and 3,586,300 warrants to purchase Common Stock of the Issuer (which are immediately exercisable), representing approximately 26.6% of the outstanding Common Stock. The calculation of the foregoing percentage is on the basis of 22,874,362 shares of Common Stock outstanding as of November 26, 2007. Mr. Kostiner, as the manager of BEL, in which capacity he has voting and/or investment power over the shares of Common Stock held by BEL, may be deemed to beneficially own the shares of Common Stock held by BEL. BEL disclaims beneficial ownership in the shares and warrants held by Mr. Kostiner described above Item 5(a)(i). (c) (i) No trades were made by Mr. Kostiner of shares of Common Stock of the Issuer since the last filing on Schedule 13D. (ii) No trades were made by BEL of shares of Common Stock of the Issuer since the last filing on Schedule 13D. On November 21, 2007, BEL made a private block purchase of 1,400,000 warrants to purchase Common Stock at a purchase price of $1.90 per warrant for an aggregate purchase price of $2,660,000. 4 Signatures 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 as of November 26, 2007 By: /s/ Barry Kostiner ------------------ Braesridge Energy LLC By: /s/ Barry Kostiner ------------------ Name: Barry Kostiner Title: Manager 5 -----END PRIVACY-ENHANCED MESSAGE-----