-----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, Kdn2XlhFYSnZif9thqc6TBxAPAm+6zDvLsqSRi+vkY9S3wfOcs3ZJXOqVLT1g8LV fWitbAblkHY47gvz+t3GBQ== 0001385152-10-000010.txt : 20100630 0001385152-10-000010.hdr.sgml : 20100630 20100629214448 ACCESSION NUMBER: 0001385152-10-000010 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100630 DATE AS OF CHANGE: 20100629 GROUP MEMBERS: ALNESH MOHAN GROUP MEMBERS: CORNER MARKET CAPITAL CORPORATION GROUP MEMBERS: CORNER MARKET CAPITAL U.S., INC. GROUP MEMBERS: CORNER MARKET MANAGEMENT INC. GROUP MEMBERS: DEVIAH PAGIDIPATI GROUP MEMBERS: G. ANDREW COOKE GROUP MEMBERS: GRETA POLONITZA GROUP MEMBERS: KIRK ANDERSON GROUP MEMBERS: MPIC CANADIAN LIMITED PARTNERSHIP GROUP MEMBERS: MPIC FUND I, LP GROUP MEMBERS: PAGIDIPATI FAMILY LIMITED PARTNERSHIP GROUP MEMBERS: PAUL KIM GROUP MEMBERS: RAHUL PAGIDIPATI GROUP MEMBERS: REBECKA POLONITZA GROUP MEMBERS: RICHARD POLONITZA GROUP MEMBERS: RUDRAMA PAGIDIPATI GROUP MEMBERS: SANJEEV PARSAD FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Polonitza David CENTRAL INDEX KEY: 0001385152 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 2550 NELSONVILLE ROAD CITY: BOSTON STATE: KY ZIP: 40107 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ITEX CORP CENTRAL INDEX KEY: 0000860518 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 930922994 STATE OF INCORPORATION: NV FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42668 FILM NUMBER: 10925264 BUSINESS ADDRESS: STREET 1: 3326 160TH AVE SE STREET 2: SUITE 100 CITY: BELLEVUE STATE: WA ZIP: 98008-6418 BUSINESS PHONE: 425-463-4000 MAIL ADDRESS: STREET 1: 3326 160TH AVE SE STREET 2: SUITE 100 CITY: BELLEVUE STATE: WA ZIP: 98008-6418 FORMER COMPANY: FORMER CONFORMED NAME: ITEX CORPORATION DATE OF NAME CHANGE: 19930328 FORMER COMPANY: FORMER CONFORMED NAME: ITEX BARTER SYSTEMS INC DATE OF NAME CHANGE: 19600201 SC 13D/A 1 formsc13da.htm ITEX CORPORATION SC 13D A 6-29-2010 formsc13da.htm - Generated by SEC Publisher for SEC Filing

 

 

 SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

 

(Amendment No. 4)*

 

ITEX CORPORATION

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

(Name of Issuer)

 

 

COMMON STOCK, PAR VALUE $.01 PER SHARE

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

(Title of Class of Securities)

 

465647204

---------

(CUSIP Number)

 

 

David Polonitza

2550 Nelsonville Road

Boston, KY 40107

(502) 460-3141

 

Copy to:

 

Navin R. Pasem
Law Office of Navin R. Pasem, P.L.

10014 N. Dale Mabry Hwy, Suite 101
Tampa, Florida 33618
Phone: (813) 382-8017

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

(Name, Address and Telephone Number of the Person

Authorized to Receive Notices and Communications)

 

 

June 29, 2010

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

(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X].

 

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 for other parties to whom copies are to be sent.

 

 

 * 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 disclosures provided in a prior cover page.

 

The information required on 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 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 of following pages)

 

 

 

 


 

 

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

1.       Name of Reporting Person

                      

         David and Rebecka Polonitza, Jt. Ten.

                

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

2.       Check the Appropriate Box                         (a)     [X]

         if a Member of a Group                            (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.                            Source of Funds

 

   PF

 

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

5.                            Check box if disclosure of legal proceedings is required

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization  

     

United States of America

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

Number of Shares        (7)     Sole Voting Power               127,285

Beneficially            (8)     Shared Voting Power             0

Owned by Each           (9)     Sole Dispositive Power          127,285

Reporting Person        (10)    Shared Dispositive Power        0

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         127,285

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                      

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

 

         3.53%

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

                        

         Rahul Pagidipati

                

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

2.       Check the Appropriate Box                         (a)     [X]

         if a Member of a Group                            (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.                            Source of Funds

 

   PF

 

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

5.                            Check box if disclosure of legal proceedings is required

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization  

     

United States of America

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

Number of Shares        (7)     Sole Voting Power               3,000

Beneficially            (8)     Shared Voting Power             139,439

Owned by Each           (9)     Sole Dispositive Power          3,000

Reporting Person        (10)    Shared Dispositive Power        139,439

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         142,439

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                        

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

 

         3.95%

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

                        

         Pagidipati Family Limited Partnership

                

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

2.       Check the Appropriate Box                         (a)     [X]

         if a Member of a Group                            (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.                           Source of Funds

 

   WC, OO

 

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

5.                            Check box if disclosure of legal proceedings is required

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization  

     

United States of America

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

Number of Shares        (7)     Sole Voting Power               0

Beneficially            (8)     Shared Voting Power             139,439

Owned by Each           (9)     Sole Dispositive Power          0

Reporting Person        (10)    Shared Dispositive Power        139,439

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         139,439

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                       

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

 

         3.86%

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

14.      Type of Reporting Person               PN

 

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

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

 

 

 

 


 

 

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

1.       Name of Reporting Person

        

         Drs. Devaiah and Rudrama Pagidipati, Jt. Ten.

                

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

2.       Check the Appropriate Box                         (a)     [X]

         if a Member of a Group                            (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.                            Source of Funds

 

   PF

 

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

5.                            Check box if disclosure of legal proceedings is required

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization  

     

United States of America

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

Number of Shares        (7)     Sole Voting Power               11,800

Beneficially            (8)     Shared Voting Power             139,439

Owned by Each           (9)     Sole Dispositive Power          11,800

Reporting Person        (10)    Shared Dispositive Power        139,439

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         151,239

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                       

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

 

         4.19%

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

        

         Kirk Anderson

 

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

2.       Check the Appropriate Box                         (a)     [X]

         if a Member of a Group                            (b)     [_]

 

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

3.       S.E.C. Use Only

 

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

4.       Source of Funds

 

         PF

 

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

5.                            Check box if disclosure of legal proceedings is required     

pursuant to items 2(D) or 2(E): / /

 

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

6.                            Citizenship or Place of Organization

        

   United States of America    

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

Number of Shares        (7)     Sole Voting Power               71,020

Beneficially            (8)     Shared Voting Power             0

Owned by Each           (9)     Sole Dispositive Power          71,020

Reporting Person        (10)    Shared Dispositive Power        0

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         71,020

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                       

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

         1.96%

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

        

         Paul Kim

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.       Source of Funds

 

         PF

 

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

5.                            Check box if disclosure of legal proceedings is required         

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization

         

   United States of America

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

Number of Shares        (7)     Sole Voting Power               6,000

Beneficially            (8)     Shared Voting Power             0

Owned by Each           (9)     Sole Dispositive Power          6,000

Reporting Person        (10)     Shared Dispositive Power       0

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         6,000

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                        

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

0.16%

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

         

         Richard and Greta Polonitza Jt. Ten.

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.       Source of Funds

 

         PF

 

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

5.                            Check box if disclosure of legal proceedings is required         

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization

         

   United States of America

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

Number of Shares        (7)     Sole Voting Power               8,152

Beneficially            (8)     Shared Voting Power             0

Owned by Each           (9)     Sole Dispositive Power          8,152

Reporting Person        (10)     Shared Dispositive Power       0

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         8,152

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                        

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

0.22%

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

        

         MPIC Fund I, LP

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.       Source of Funds

 

         OO

 

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

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

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

Number of Shares        (7)     Sole Voting Power               0

Beneficially            (8)     Shared Voting Power             80,000

Owned by Each           (9)     Sole Dispositive Power          0

Reporting Person        (10)    Shared Dispositive Power        80,000

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         80,000

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                       

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

2.21%

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

14.      Type of Reporting Person               PN

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

         

         MPIC Canadian Limited Partnership

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.       Source of Funds

 

         OO

 

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

5.                            Check box if disclosure of legal proceedings is required         

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization

         

   Vancouver, British Columbia, Canada

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

Number of Shares        (7)     Sole Voting Power               0

Beneficially            (8)     Shared Voting Power             14,380

Owned by Each           (9)     Sole Dispositive Power          0

Reporting Person        (10)    Shared Dispositive Power        14,380

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         14,380

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                        

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

0.39%

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

14.      Type of Reporting Person               PN

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

        

         Corner Market Capital U.S., Inc.

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.       Source of Funds

 

         OO

 

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

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

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

Number of Shares        (7)     Sole Voting Power               0

Beneficially            (8)     Shared Voting Power             80,000

Owned by Each           (9)     Sole Dispositive Power          0

Reporting Person        (10)    Shared Dispositive Power        80,000

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         80,000

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                        

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

2.21%

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

14.      Type of Reporting Person               CO

 

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

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

 

 

 

 

 

 


 

 

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

1.       Name of Reporting Person

         Corner Market Management Inc.

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                             S.E.C. Use Only

 

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

4.       Source of Funds

 

         OO

 

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

5.                            Check box if disclosure of legal proceedings is required         

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization

         

   Vancouver, British Columbia, Canada

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

Number of Shares        (7)     Sole Voting Power               0

Beneficially            (8)     Shared Voting Power             14,380

Owned by Each           (9)     Sole Dispositive Power          0

Reporting Person        (10)    Shared Dispositive Power        14,380

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         14,380

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                       

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

0.39%

 

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

14.      Type of Reporting Person               CO

 

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

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

 

 

 

 

 


 

 

 

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

1.       Name of Reporting Person

 

         Corner Market Capital Corporation

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                             S.E.C. Use Only

 

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

4.       Source of Funds

 

         OO

 

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

5.                            Check box if disclosure of legal proceedings is required         

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization

         

   Vancouver, British Columbia, Canada

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

Number of Shares        (7)     Sole Voting Power               0

Beneficially            (8)     Shared Voting Power             94,380

Owned by Each           (9)     Sole Dispositive Power          0

Reporting Person        (10)    Shared Dispositive Power        94,380

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         94,380

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                       

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

2.61%

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

14.      Type of Reporting Person               CO

 

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

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

 

 

 

 


 

 

 

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

1.       Name of Reporting Person

 

         Alnesh Mohan

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.       Source of Funds

 

         OO

 

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

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

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

Number of Shares        (7)     Sole Voting Power               0

Beneficially            (8)     Shared Voting Power             94,380

Owned by Each           (9)     Sole Dispositive Power          0

Reporting Person        (10)    Shared Dispositive Power        94,380

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         94,380

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                       

         [_]

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

13.      Percent of Class Represented by Amount in Row 11

2.61%

 

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 


 

 

 

 

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

1.       Name of Reporting Person

 

         Sanjeev Parsad

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.       Source of Funds

 

         OO

 

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

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

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

Number of Shares        (7)     Sole Voting Power               0

Beneficially            (8)     Shared Voting Power             94,380

Owned by Each           (9)     Sole Dispositive Power          0

Reporting Person        (10)    Shared Dispositive Power        94,380

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         94,380

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                       

         [_]

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

13.      Percent of Class Represented by Amount in Row 11              

 

         2.61%

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 


 

 

 

 

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

1.       Name of Reporting Person

 

         G. Andrew Cooke

 

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

2.       Check the Appropriate Box                        (a)     [X]

         if a Member of a Group                           (b)     [_]

 

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

3.                            S.E.C. Use Only

 

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

4.       Source of Funds

 

         PF

 

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

5.                            Check box if disclosure of legal proceedings is required         

pursuant to items 2(D) or 2(E): / /

 

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

6.       Citizenship or Place of Organization

         

   United States of America

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

Number of Shares        (7)     Sole Voting Power               11,460

Beneficially            (8)     Shared Voting Power             0

Owned by Each           (9)     Sole Dispositive Power          11,460

Reporting Person        (10)    Shared Dispositive Power        0

 

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

11.      Aggregate Amount Beneficially Owned by Each Reporting Person

 

         11,460

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

12.      Check if the Aggregate Amount in Row (11) Excludes Certain

         Shares

                                                                        

         [_]

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

13.      Percent of Class Represented by Amount in Row 11              

 

         0.31%

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

14.      Type of Reporting Person               IN

 

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

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

 

 

 


 

 

AMENDMENT NO. 4 TO SCHEDULE 13D

 

The following constitutes Amendment No. 4 ("Amendment No. 4") to the

Schedule 13D filed by the undersigned.  This Amendment No. 4 amends the Schedule 13D as specifically set forth.

 

Mr. Benjamin Polonitza and Mr. Jonathan Polonitza left The Polonitza Group effective June 29, 2010.

 

Item 3 is hereby amended and restated to read as follows:

Item 3. Source and Amount of Funds or Other Consideration.

David Polonitza, Rebecka Polonitza, Richard Polonitza, Greta Polonitza, Paul Kim, and Kirk Anderson each acquired his or her Common Stock currently held with personal funds either through a personal account or an IRA. None of the securities have now or ever been pledged for any loans nor used for other margin purposes. The aggregate total cost for these Shares that these individuals may be deemed to beneficially own is approximately $735,464.

 

The aggregate purchase price of the shares owned directly by the Rahul Pagidipati is approximately $9,751.  The shares owned directly by the Rahul Pagidipati were acquired with Rahul Pagidipati’s personal funds.

 

The aggregate purchase price of the shares owned directly by the Pagidipati Family Limited Partnership is approximately $430,794.  The shares owned directly by the Pagidipati Family, LP were acquired with the working capital of the Pagidipati Family, LP.

 

The aggregate purchase price of the shares owned directly by the Dr. Devaiah and Dr. Rudrama Pagidipati Joint Tenants is approximately $42,654.  The shares owned directly by the Drs. Devaiah and Rudrama Pagidipati were acquired with Drs. Devaiah and Rudrama Pagidipati’s personal funds.

 

The aggregate purchase price of the shares owned directly by the MPIC Fund I is approximately $269,131.  The shares owned directly by the MPIC Fund I were acquired with the working capital of MPIC Fund I.

 

The aggregate purchase price of the shares owned directly by the MPIC Canadian LP is approximately $52,852.  The shares owned directly by the MPIC Canadian LP were acquired with the working capital of MPIC Canadian LP.

 

The aggregate purchase price of the shares owned directly by G. Andrew Cooke is approximately $37,418.  The shares owned directly by G. Andrew Cooke were acquired with G. Andrew Cooke’s personal funds. 

 

 

 

 


 

 

Item 4 is hereby amended and restated to read as follows:

Item 4. Purpose of Transaction.

On June 15, 2010, the Reporting Persons attempted to arrange a conference call with the Issuer's Board of Directors regarding, among other things, the Issuer’s corporate governance, operating performance, and various means of enhancing stockholder value over time. A Memorandum of Understanding was sent to the Issuer’s Board of Directors by the Reporting Persons stating the Reporting Persons would refuse to accept any material non-public Information from the Issuer’s Board of Directors.

 

On June 18, 2010, the Issuer’s Board of Directors indicated they do not wish to communicate directly with the Reporting Persons, stating that they do not enter into discussions with shareholders about confidential topics.

 

As the Reporting Persons believe their concerns continue to exist regarding the Issuer, the Reporting Persons are examining their options for the Issuer’s 2010 Annual Meeting of stockholders. 

 

The Reporting Persons acquired the Securities for investment purposes. The Reporting Persons continue to evaluate the business prospects of the Issuer, as well as its present and future intentions.  The Reporting Persons may from time to time communicate with management, with members of the Board of Directors, or with other shareholders of the Issuer.

 

The Reporting Persons reserve the right to acquire additional Securities, to dispose of such Securities at any time, or to formulate other purposes, plans or proposals  regarding  the Issuer or the  Securities,  to the  extent  deemed advisable in light of their general  investment  policies,  market conditions or other factors.

 

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in  subparagraphs  (a) - (j) of Item 4 of  Schedule  13D  except  as set  forth  herein  or such as  would  occur  upon completion of any of the actions discussed above.

 

 

 

 


 

 

 

Item 5 is hereby amended and restated to read as follows:

Item 5. Interest in Securities of the Issuer.

(a)-(b). As of June 29, 2010, the aggregate number of shares of Common Stock and percentage of the outstanding Common Stock of the Issuer beneficially owned (i) by each of the Reporting Persons, and (ii) to the knowledge of the Reporting Persons, by each other person who may be deemed to be a member of a group, is as follows:

 


Reporting Person


Aggregate Number of Shares


Number of Shares: Sole Power to Vote or Dispose


Number of Shares: Shared Power to Vote or Dispose




Approximate Percentage*

 

 

 

 

 

 

David and Rebecka Polonitza

127285

127285

0

3.53%

Rahul Pagidipati

3000

3000

139439

0.08%

Pagidipati Family, LP

139439

0

139439

3.86%

Devaiah and Rudrama Pagidipati

11800

11800

139439

0.32%

Kirk Anderson

71020

71020

0

1.96%

Paul Kim

6000

6000

0

0.16%

Richard and Greta Polonitza

8152

8152

0

0.22%

MPIC Fund I, LP

80000

0

80000

2.22%

MPIC Canadian LP

14380

0

14380

0.39%

G.Andrew Cooke

11460

11460

0

0.31%

Total

472536

238717

233819

13.10%

 

*Based on 3,605,583 shares of Common Stock, Par Value $0.01 per share, outstanding pursuant to the Issuer's Form 10-Q filed with the Securities and Exchange Commission on June 9, 2010, for the quarter ended April 30, 2010.

 

 

 


 

 

 

c) The table below lists all the transactions in the Issuer's Common Stock in the last sixty days by the Reporting Persons.  All transactions were made in the open market.

 

Transactions in Common Stock Within the Past Sixty Days

 

Party

Date of Purchase/ Sale

Number of Shares of the Common Stock

Buy/Sell

Price Per Share

Drs. Devaiah and Rudrama Pagidipati

5/3/2010

3000

Buy

4.35

Pagidipati Family Limited Partnership

6/9/2010

2000

Buy

4.50

David and Rebecka Polonitza

6/17/2010

215

Buy

4.60

 

Item 7 is hereby amended and restated to read as follows:

 

Item 7.  Material to be Filed as Exhibits.

 

99.1   An agreement relating to the filing of a joint statement as required by Rule 13d-1(f) under the Securities Exchange Act of 1934.

 

 

 


 

 

 

                                   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.

 

 

Date: June 29, 2010                 By: /s/ David Polonitza

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

                                    Name:   David Polonitza

                                     

                                    By: /s/ Rebecka Polonitza

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

                                    Name:   Rebecka Polonitza

 

                                    By: /s/ Richard Polonitza

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

                                    Name:   Richard Polonitza

 

                                    By: /s/ Greta Polonitza

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

                                    Name:   Greta Polonitza

 

                                    By: /s/ Kirk Anderson

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

                                    Name:   Kirk Anderson

 

By: /s/ Paul Kim

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

                                    Name:   Paul Kim

                             

                                     By: /s/ Rahul Pagidipati

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

                                    Name:   Rahul Pagidipati

 

PAGIDIPATI FAMILY, LP

 

By: /s/ Rahul Pagidipati

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

                                    Name:   Rahul Pagidipati, Partner

 

                                    By: /s/ Devaiah Pagidipati

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

                                    Name:   Dr. Devaiah Pagidipati

 

                                    By: /s/ Rudrama Pagidipati

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

                                    Name:   Dr. Rudrama Pagidipati

 

 

 

 

 


 

                                    MPIC FUND I, LP

 

By: Corner Market Capital U.S., Inc

    General Partner

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

                                   

CORNER MARKET CAPITAL U.S., INC.

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

 

                                    MPIC CANADIAN LIMITED PARTNERSHIP

 

By: Corner Market Management, Inc.

    General Partner

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

 

                                    CORNER MARKET MANAGEMENT, INC.

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

 

CORNER MARKET CAPITAL CORPORATION

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

 

                                    /s/ Alnesh Mohan

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

                                    ALNESH MOHAN

 

/s/ Sanjeev Parsad

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

                                    SANJEEV PARSAD

 

/s/ G. Andrew Cooke

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

                                    G. ANDREW COOKE

 

 

 

 

 


 
EX-1 2 ex99_1.htm EXHIBIT 99.1 ex99_1.htm - Generated by SEC Publisher for SEC Filing

 

 

EXHIBIT 99.1

JOINT FILING AGREEMENT

 

The undersigned hereby agree that the statement on Schedule 13D with respect to the Common Stock of ITEX Corporation dated as of June 29, 2010, and any amendments thereto signed by each of the undersigned, shall be filed on behalf of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

 

 

Date: June 29, 2010                 By: /s/ David Polonitza

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

                                    Name:   David Polonitza

                                     

                                    By: /s/ Rebecka Polonitza

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

                                    Name:   Rebecka Polonitza

 

                                    By: /s/ Richard Polonitza

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

                                    Name:   Richard Polonitza

 

                                    By: /s/ Greta Polonitza

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

                                    Name:   Greta Polonitza

 

                                    By: /s/ Kirk Anderson

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

                                    Name:   Kirk Anderson

 

By: /s/ Paul Kim

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

                                    Name:   Paul Kim

                             

                                    By: /s/ Rahul Pagidipati

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

                                    Name:   Rahul Pagidipati

 

PAGIDIPATI FAMILY, LP

 

By: /s/ Rahul Pagidipati

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

                                    Name:   Rahul Pagidipati, Partner

 

                                    By: /s/ Devaiah Pagidipati

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

                                    Name:   Dr. Devaiah Pagidipati

 

                                    By: /s/ Rudrama Pagidipati

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

                                    Name:   Dr. Rudrama Pagidipati

 

 

 


 

 

                                    MPIC FUND I, LP

 

By: Corner Market Capital U.S., Inc

    General Partner

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

                                   

CORNER MARKET CAPITAL U.S., INC.

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

 

                                    MPIC CANADIAN LIMITED PARTNERSHIP

 

By: Corner Market Management, Inc.

    General Partner

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

 

                                    CORNER MARKET MANAGEMENT, INC.

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

 

CORNER MARKET CAPITAL CORPORATION

 

By: /s/ Alnesh Mohan

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

                                    Name:   Alnesh Mohan, CEO

 

                                    /s/ Alnesh Mohan

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

                                    ALNESH MOHAN

 

/s/ Sanjeev Parsad

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

                                    SANJEEV PARSAD

 

/s/ G.Andrew Cooke

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

                                    G. ANDREW COOKE

 

 

 

 


 
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