-----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, OIYzZhIraJgsMdnwIDtFrDcyP0t7BslKm8onOnCjpwmewbt7sszjTgW1s9q2Nzgl ykZUW8Q+TdWgvEvaIP7lfg== 0000922423-08-000872.txt : 20080917 0000922423-08-000872.hdr.sgml : 20080917 20080917133354 ACCESSION NUMBER: 0000922423-08-000872 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080917 DATE AS OF CHANGE: 20080917 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Dekania Corp. CENTRAL INDEX KEY: 0001363202 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 841703721 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82538 FILM NUMBER: 081075812 BUSINESS ADDRESS: STREET 1: 2929 ARCH STREET STREET 2: SUITE 1703 CITY: PHILADELPHIA STATE: PA ZIP: 19104 BUSINESS PHONE: (215) 701-9555 MAIL ADDRESS: STREET 1: 2929 ARCH STREET STREET 2: SUITE 1703 CITY: PHILADELPHIA STATE: PA ZIP: 19104 FORMER COMPANY: FORMER CONFORMED NAME: Dekania Acquisition Corp. DATE OF NAME CHANGE: 20060517 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Azimuth Opportunity, Ltd. CENTRAL INDEX KEY: 0001356778 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: NEMOURS CHAMBERS #3170 CITY: ROAD TOWN,TORTOLA STATE: D8 ZIP: #3170 BUSINESS PHONE: 284-494-6046 MAIL ADDRESS: STREET 1: JAMES FRETT BUILDING #761 STREET 2: WICKHAMS CAY 1 CITY: ROAD TOWN, TORTOLA STATE: D8 ZIP: #761 SC 13G 1 kl09025.htm SCHEDULE 13G kl09025.htm
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934*


Dekania Corp.
(Name of Issuer)

Common Stock, 0.0001 par value per share
(Title of Class of Securities)

24488U104 (Common Stock)
(CUSIP Number)

April 15, 2008
(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)

þ  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.
 
 
 
 
CUSIP No. 24488U104                                                                                    Page 2 of 8
 
 
 

 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Azimuth Opportunity, Ltd.
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ÿ
(b) x
 
 
3
 
SEC USE ONLY
 
 
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
 SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
530,100
 
6
 
SHARED VOTING POWER
 
0
 
7
 
SOLE DISPOSITIVE POWER
 
530,100
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
530,100
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
ÿ
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
4.2 %
 
12
 
TYPE OF REPORTING PERSON*
 
OO  (An international business company organized under the laws of the British Virgin Islands)
*SEE INSTRUCTIONS BEFORE FILLING OUT!
 
 
 
 
CUSIP No. 24488U104                                                                                     Page 3 of 8
 

 
 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Commerce Court Value, Ltd.
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ÿ
(b) x
 
 
3
 
SEC USE ONLY
 
 
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
 SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
197,700
 
6
 
SHARED VOTING POWER
 
0
 
7
 
SOLE DISPOSITIVE POWER
 
197,700
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
197,700
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
ÿ
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
1.6 %
 
12
 
TYPE OF REPORTING PERSON*
 
OO  (An international business company organized under the laws of the British Virgin Islands)
*SEE INSTRUCTIONS BEFORE FILLING OUT!
 
 
 
 
CUSIP No. 24488U104                                                                                     Page 4 of 8
 

 
 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
 
Peter W. Poole
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ÿ
(b) x
 
 
3
 
SEC USE ONLY
 
 
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
British Virgin Islands
 
NUMBER OF
 SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
727,800
 
6
 
SHARED VOTING POWER
 
0
 
7
 
SOLE DISPOSITIVE POWER
 
727,800
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
727,800
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
ÿ
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.7 %
 
12
 
TYPE OF REPORTING PERSON*
 
IN  (Individual)
*SEE INSTRUCTIONS BEFORE FILLING OUT!
 
 
 
 
CUSIP No. 24488U104                                                                                     Page 5 of 8
 

 
Item 1.

(a)           Name of Issuer:

Dekania Corp. (the “Company”)

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

2929 Arch Street, Suite 1703
Philadelphia, PA, 19104

Item 2.

(a)           Name of Person Filing:

This statement is being filed by (i) Peter W. Poole with respect to the shares of common stock beneficially owned by Azimuth Opportunity, Ltd. and Commerce Court Value, Ltd. and (ii) Azimuth Opportunity, Ltd. with respect to the shares owned by it; and (iii) Commerce Court Value, Ltd. with respect to the shares owned by it.

(b)           Address of Principal Business Office or, if none, Residence:

Azimuth Opportunity, Ltd.
c/o Ogier
Qwomar Complex, 4th Floor
P.O. Box 3170
Road Town, Tortola
British Virgin Islands

Commerce Court Value, Ltd.
c/o Ogier
Qwomar Complex, 4th Floor
P.O. Box 3170
Road Town, Tortola
British Virgin Islands

Peter W. Poole
4th Floor, Rodus Building
Road Reef, PO Box 765
Road Town
Tortola
British Virgin Islands

(c)           Citizenship:

Each of Azimuth Opportunity, Ltd. and Commerce Court Value, Ltd. are British Virgin Islands companies.  Peter W. Poole is a citizen of the British Virgin Islands.

(d)           Title of Class of Securities:
 
 
 
CUSIP No. 24488U104                                                                                     Page 6 of 8
 

 
Common Stock, 0.0001 par value per share (“Common Stock”).

(e)           CUSIP Number:
24488U104 (Common Stock)

Item 3.    If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), checkwhether the person filing is a:
 
        Not applicable.

Item 4.    Ownership.

The following is information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
1.  
Azimuth Opportunity, Ltd.

 
(a)
Amount beneficially owned: 530,100 shares of Common Stock
 
(b)
Percent of Class: 4.2% 

 
(c)
Number of shares as to which such person has:
                    (i)      sole power to vote or direct the vote: 530,100
                    (ii)     shared power to vote or direct the vote: 0
                    (iii)    sole power to dispose or direct the disposition of:530,100
                    (iv)    shared power to dispose or direct the disposition of: 0
 
2.  
Commerce Court Value, Ltd.

 
(a)
Amount beneficially owned: 197,700 shares of Common Stock

 
(b)
Percent of Class: 1.6%

 
(c)
Number of shares as to which such person has:
                    (i)      sole power to vote or direct the vote: 197,700
            (ii)     shared power to vote or direct the vote: 0
            (iii)    sole power to dispose or direct the disposition of: 197,700
                (iv)    shared power to dispose or direct the disposition of: 0
 
3.  
Peter W. Poole*

 
(a)
Amount beneficially owned: 727,800 shares of Common Stock

 
(b)
Percent of Class: 5.7%

 
(c)
Number of shares as to which such person has:
                (i)      sole power to vote or direct the vote: 727,800
                    (ii)     shared power to vote or direct the vote: 0
                    (iii)    sole power to dispose or direct the disposition of: 727,800
                (iv)    shared power to dispose or direct the disposition of: 0

*Peter W. Poole is the Director of Commerce Court Value, Ltd. and Azimuth Opportunity, Ltd and consequently may be deemed to have shared voting control and investment discretion over securities owned by Commerce Court Value, Ltd. and Azimuth Opportunity, Ltd.  The foregoing should not be construed in and of itself as an admission by Peter W. Poole as to the beneficial ownership of the shares owned by Commerce Court Value, Ltd. and Azimuth Opportunity, Ltd.
 
 
 
CUSIP No. 24488U104                                                                                     Page 7 of 8
 

 
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

  Certification pursuant to §240.13d-1(c):
 
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. 24488U104                                                                                     Page 8 of 8
 
 
 
 
 

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:  September 17, 2008


            AZIMUTH OPPORTUNITY, LTD.


            By: /s/ Peter W. Poole            
                   Name: Peter W. Poole
             Title:   Director


            COMMERCE COURT VALUE, LTD.


            By: /s/ Peter W. Poole             
                   Name: Peter W. Poole
             Title:   Director



             /s/ Peter W. Poole                    
                  Peter W. Poole


 
 

 
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