-----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, DHb/dT0zazw2utpQml078I17L7msRBm2cPL++jct547q3YEqW+jtVBeVuTmJX3Ql N1bqGkcS9I8SiRF7M+aLMA== 0001144204-09-001134.txt : 20090109 0001144204-09-001134.hdr.sgml : 20090109 20090109155301 ACCESSION NUMBER: 0001144204-09-001134 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090109 DATE AS OF CHANGE: 20090109 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKSIDE TECHNOLOGY HOLDINGS, CORP. CENTRAL INDEX KEY: 0001367001 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 000000000 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-84406 FILM NUMBER: 09518752 BUSINESS ADDRESS: STREET 1: 5313-B FM 1960 WEST #224 CITY: HOUSTON STATE: TX ZIP: 77069 BUSINESS PHONE: 281-350-1173 MAIL ADDRESS: STREET 1: 5313-B FM 1960 WEST #224 CITY: HOUSTON STATE: TX ZIP: 77069 FORMER COMPANY: FORMER CONFORMED NAME: CRUISESTOCK INC. DATE OF NAME CHANGE: 20060621 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Vicis Capital, LLC CENTRAL INDEX KEY: 0001341950 IRS NUMBER: 450538105 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: TOWER 56, SUITE 700, 126 E. 56TH STREET STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-909-4600 MAIL ADDRESS: STREET 1: TOWER 56, SUITE 700, 126 E. 56TH STREET STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 v136447_sc-13d.htm Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
 
(Amendment No. )
 

Brookside Technology Holdings Corp.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

11452Q102 

(CUSIP Number)

Shad Stastney
Vicis Capital LLC
445 Park Avenue, 16th Floor
New York, NY 10022
(212) 909-4600

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 18, 2008

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]



CUSIP No. 11452Q102 
 
   
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
 
Vicis Capital LLC
 
45-0538105
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)     [  ]
(b)     [  ]
 
3.
SEC Use Only
 
4.
Source of Funds (See Instructions)
 
OO — funds of its advisory client
 
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
[  ]
6.
Citizenship or Place of Organization
 
Delaware
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 
7.
Sole Voting Power
 
13,974,715
8.
 Shared Voting Power
 
0
9.
Sole Dispositive Power
 
13,974,715
10.
Shared Dispositive Power
 
0
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
13,974,715
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
[  ]
13.
Percent of Class Represented by Amount in Row (11)
 
9.99%
14.
Type of Reporting Person (See Instructions)
 
IA


 
Item 1.   Security and Issuer
 
The securities to which this Schedule 13D (the “Schedule”) relates are shares of common stock, par value $0.01 per share (the “Common Stock”), of Brookside Technology Holdings Corp. (the “Issuer”).  The address of the Issuer’s principal executive offices is 15500 Roosevelt Blvd, Suite 101, Clearwater, Florida 33760.

Item 2.   Identity and Background
 
 
(a)
The name of the reporting person is Vicis Capital LLC (“Vicis”).  All 13,974,715 shares reported on this Schedule are held directly by Vicis Capital Master Fund (the “Fund”), for which Vicis acts as investment advisor.   Vicis may be deemed to beneficially own such 13,974,715 shares within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, by virtue of the voting and dispositive power over such shares granted by the Fund to Vicis.
 
 
(b)
The address of Vicis is 445 Park Avenue, 16th Floor, New York, NY 10022.
 
 
(c)
Vicis is an investment adviser registered under the Investment Advisers Act of 1940, as amended, that provides investment advisory services to the Vicis Capital Master Fund (the “Fund”).
 
 
(d)
Vicis has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.
 
 
(e)
Vicis has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 

 
 
(f)
Vicis Capital LLC is a limited liability company organized under the laws of the state of Delaware.
 
Pursuant to General Instruction C of Schedule 13D, the following information is being provided with respect to each member of Vicis (the “Insiders”):
 
Members of Vicis Capital LLC
 
Name
Occupation
   
Shad Stastney
Member and Chief Operating Officer
   
John Succo
Member and Chief Investment Officer
   
Sky Lucas
Member and Head of Global Convertible Arbitrage
 
To Vicis’s knowledge, each of the Insiders is a United States citizen, and none of the Insiders has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor has any Insider been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
Item 3.   Source and Amount of Funds or Other Consideration
 
On June 18, 2008 the Fund acquired from a private party a Series E Warrant to purchase 61,273,835 shares of Common Stock (the “Series E Warrant”).  The terms of the Series E Warrant provide that the holder of the Series E Warrant is neither entitled nor required to exercise the Series E Warrant to the extent that such exercise by the holder would cause the holder to acquire a number of shares of Common Stock in excess of that number of shares of Common Stock that, upon giving effect to such exercise, would cause the aggregate number of shares of Common Stock beneficially owned by (i) the holder of the Series E Warrant and (ii) such holder’s affiliates, to exceed 9.99% of the outstanding shares of the Common Stock following such exercise.

Since April 19, 2008, the Fund has acquired, in open-market purchases at the prices and in the amounts listed in the chart below, the following shares of Common Stock:
 


 
Purchase Date
Shares of Common Stock
Purchased
 
Purchase Price
11/10/2008
184,300
0.03
11/11/2008
31,400
0.04
11/12/2008
57,000
0.03
11/13/2008
36,000
0.03
11/14/2008
39,200
0.04
11/18/2008
10,000
0.04
11/19/2008
55,000
0.04
11/21/2008
317,000
0.04
11/26/2008
145,000
0.04
12/1/2008
145,000
0.04
12/2/2008
130,100
0.04
12/3/2008
500,000
0.04
12/4/2008
383,200
0.03
12/5/2008
85,300
0.04
12/8/2008
190,000
0.03
12/10/2008
5,000
0.04
12/11/2008
138,300
0.04
12/12/2008
68,700
0.04
12/12/2008
289,800
0.04
12/17/2008
398,500
0.04
12/18/2008
175,000
0.04
12/19/2008
140,000
0.04
12/22/2008
500,000
0.04
12/23/2008
200,000
0.03
12/24/2008
140,000
0.04
12/26/2008
30,700
0.04
12/29/2008
44,400
0.04
12/30/2008
75,000
0.04
12/31/2008
2,202,500
0.04

As a result of the transactions described above, when the 6,716,400 shares of Common Stock acquired by the Fund in the last 60 days are aggregated with the 7,258,315 shares of Common Stock that the Fund would be able to acquire via its exercise of the Series E Warrant to the fullest extent permitted by the terms of that Series E Warrant, Vicis is deemed to beneficially own 13,974,715 shares of Common Stock.

Item 4.  Purpose of Transaction.
 
Vicis, on behalf of the Fund, acquired the Common Stock and the Series E Warrant for investment purposes in the ordinary course of its business pursuant to specified investment objectives of the Fund.  On October 22, 2008, Mr. Christopher Phillips was elected to the Board of Directors of the Issuer. Mr. Phillips is a Managing Director of Vicis.

The Fund is deemed to beneficially own 9.99% of the Issuer’s outstanding Common Stock. The combination of the Fund’s percentage of deemed beneficial ownership in the Issuer, coupled with Vicis’s employment of Mr. Phillips concurrent with Mr. Phillips’s service as a director of the Issuer, may be deemed to have the effect of influencing control of the Issuer.  Biographical information with respect to Mr. Phillips is set forth below.


 
Mr. Phillips has been a managing director for Vicis Capital, LLC since February 2008. From 2004 through January 2008, Mr. Phillips served as President and CEO of Apogee Financial Investments, Inc., a merchant bank that owns 100% of Midtown Partners & Co., LLC, a FINRA licensed broker-dealer. From 2000 through January 2008, he also served as managing member of TotalCFO, LLC, which provides consulting and CFO services to a number of public and private companies and high net worth individuals.  From November 2007 through January 2008 Mr. Phillips served as the CEO and Chief Accounting Officer of OmniReliant Holdings, Inc. (OTCBB: ORHI). Mr. Phillips received a B.S. in Accounting and Finance and a Masters of Accountancy, with a concentration in Tax, both from the University of Florida. Mr. Phillips is a Florida CPA, and is currently a director of The Amacore Group, Inc., Brookside Technology Holdings Corp., OmniReliant Holdings, Inc., Precision Aerospace Components, Inc., MDwerks, Inc, and a number of private companies.

Vicis and representatives of Vicis and the Fund have had discussions with senior management of the Issuer and may in the future have such discussions concerning ways in which the Issuer could maximize shareholder value.

Except as set forth in this Item 4, Vicis has no present plan or proposal that relates to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act, but will continue to review this position based upon further developments.

As permitted by law, Vicis may purchase shares of Common Stock or other securities convertible, exchangeable or exercisable into Common Stock or dispose of any or all of such securities from time to time in the open market, in privately negotiated transactions, or otherwise, depending upon future evaluation of the Issuer and upon other developments, including general economic and stock market conditions.

 Item 5.   Interest in Securities of the Issuer
 
 
(a)
All 13,974,715 shares reported on this Schedule are held directly by Vicis Capital Master Fund, for which Vicis Capital LLC acts as investment advisor.   Vicis Capital LLC may be deemed to beneficially own such 13,974,715 shares within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, by virtue of the voting and dispositive power over such shares granted by Vicis Capital Master Fund to Vicis Capital LLC.  The voting and dispositive power granted to Vicis Capital LLC by Vicis Capital Master Fund may be revoked at any time.  Vicis Capital LLC disclaims beneficial ownership of any shares reported on this Schedule.

The foregoing 13,974,715 shares of Common Stock represent approximately 9.99% of the Issuer’s outstanding Common Stock (based upon 139,887,040 shares of Common Stock outstanding at November 14, 2008, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the SEC for the period ended September 30, 2008, and 13,974,715 shares of Common Stock deemed to be beneficially owned by Vicis).


 
 
(b)
For information on voting and dispositive power with respect to the above-listed shares, see Items 7-10 of the Cover Pages.

 
(c)
Except as disclosed in Item 3 of this Schedule, Vicis has not effected any transaction in the Common Stock in the past 60 days.

 
(d)
Not applicable.

 
(e)
Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to  Securities of the Issuer
 
Not applicable.
 
Item 7.  Material to Be Filed as Exhibits
 
None.
 


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.
 

January 8, 2009
———————————————————————
Date

/s/ Keith Hughes
———————————————————————
Signature

Chief Financial Officer
———————————————————————
Name/Title
 

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