-----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, UROuQ0K3mTZdTMnm78U2q6GGsVujDDO3DfaDsR8lpq2pucdLuHi/tG2Nksh+J1pC +1hNPhV6iGGnjex/rY8k0Q== 0001019056-10-001313.txt : 20101122 0001019056-10-001313.hdr.sgml : 20101122 20101122172201 ACCESSION NUMBER: 0001019056-10-001313 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20101122 DATE AS OF CHANGE: 20101122 GROUP MEMBERS: ARIEL WARSZAWSKI GROUP MEMBERS: FIREFLY MANAGEMENT COMPANY GP, LLC GROUP MEMBERS: FIREFLY VALUE PARTNERS, LP GROUP MEMBERS: FVP GP, LLC GROUP MEMBERS: FVP MASTER FUND, L.P. GROUP MEMBERS: FVP US-Q, LP GROUP MEMBERS: RYAN HESLOP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TNFG Corp CENTRAL INDEX KEY: 0000884892 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 752375969 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-53961 FILM NUMBER: 101209612 BUSINESS ADDRESS: STREET 1: 2305 CEDAR SPRINGS ROAD STREET 2: SUITE 100 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-954-0324 MAIL ADDRESS: STREET 1: 2305 CEDAR SPRINGS ROAD STREET 2: SUITE 100 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: Terra Nova Financial Group Inc DATE OF NAME CHANGE: 20061026 FORMER COMPANY: FORMER CONFORMED NAME: RUSH FINANCIAL TECHNOLOGIES INC DATE OF NAME CHANGE: 20040301 FORMER COMPANY: FORMER CONFORMED NAME: RUSHMORE FINANCIAL GROUP INC DATE OF NAME CHANGE: 19971211 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Firefly Value Partners, LP CENTRAL INDEX KEY: 0001438637 IRS NUMBER: 721616675 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 551 FIFTH AVENUE, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10176 BUSINESS PHONE: 212-672-9600 MAIL ADDRESS: STREET 1: 551 FIFTH AVENUE, 36TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10176 SC 13G 1 tnfg_13g.htm SCHEDULE 13G Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE  13G

Under the Securities Exchange Act of 1934

(Amendment No.                    ) *

TNFG Corporation
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
872606108
(CUSIP Number)
 
November 17, 2010
(Date of Event Which Requires Filing of this Statement)
                                                                                                                                     
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
                                                                                                                                     
  o
Rule 13d-1(b)
     
  x
Rule 13d-1(c)
     
  o
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. 

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).
 
 
Page 1 of 11 pages

 
 
CUSIP No.
872606108
               
 
1.
 
Names of Reporting Persons.
Ryan Heslop
   
I.R.S. Identification Nos. of above persons (entities only).
               
2.
 
Check the Appropriate Box if a Member of a Group (See Instructions)
   
(a)
  o      
   
(b)
  x      
               
3.
 
SEC Use Only
               
4.
 
Citizenship or Place of Organization
United States
     
 
       
Number of
   
5.
 
Sole Voting Power
 
0
Shares Bene-
   
 
       
ficially owned
   
6.
 
Shared Voting Power
 
2,812,536
by Each
   
 
       
Reporting
   
7.
 
Sole Dispositive Power
 
0
Person With:
   
 
       
      8.  
Shared Dispositive Power
 
2,812,536
               
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person                        2,812,536
               
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    o
               
11.
 
Percent of Class Represented by Amount in Row (9)                     11.2%
12.
 
Type of Reporting Person (See Instructions)  IN
 
 
Page 2 of 11 pages

 
 
CUSIP No.
872606108
               
 
1.
 
Names of Reporting Persons.
Ariel Warszawski
   
I.R.S. Identification Nos. of above persons (entities only).
               
2.
 
Check the Appropriate Box if a Member of a Group (See Instructions)
   
(a)
  o      
   
(b)
  x      
               
3.
 
SEC Use Only
               
4.
 
Citizenship or Place of Organization
United States
     
 
       
Number of
   
5.
 
Sole Voting Power
 
0
Shares Bene-
   
 
       
ficially owned
   
6.
 
Shared Voting Power
 
2,812,536
by Each
   
 
       
Reporting
   
7.
 
Sole Dispositive Power
 
0
Person With:
   
 
       
      8.  
Shared Dispositive Power
 
2,812,536
               
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person                        2,812,536
               
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    o
               
11.
 
Percent of Class Represented by Amount in Row (9)                     11.2%
12.
 
Type of Reporting Person (See Instructions)      IN
 
 
Page 3 of 11 pages

 

CUSIP No.
872606108
               
 
1.
 
Names of Reporting Persons.
Firefly Value Partners, LP
   
I.R.S. Identification Nos. of above persons (entities only).
               
2.
 
Check the Appropriate Box if a Member of a Group (See Instructions)
   
(a)
  o      
   
(b)
  x      
               
3.
 
SEC Use Only
               
4.
 
Citizenship or Place of Organization
Delaware
     
 
       
Number of
   
5.
 
Sole Voting Power
 
0
Shares Bene-
   
 
       
ficially owned
   
6.
 
Shared Voting Power
 
2,812,536
by Each
   
 
       
Reporting
   
7.
 
Sole Dispositive Power
 
0
Person With:
   
 
       
      8.  
Shared Dispositive Power
 
2,812,536
               
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person                        2,812,536
               
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    o
               
11.
 
Percent of Class Represented by Amount in Row (9)                     11.2%
12.
 
Type of Reporting Person (See Instructions) PN
 
 
Page 4 of 11 pages

 

CUSIP No.
872606108
               
 
1.
 
Names of Reporting Persons.
FVP GP, LLC
   
I.R.S. Identification Nos. of above persons (entities only).
               
2.
 
Check the Appropriate Box if a Member of a Group (See Instructions)
   
(a)
  o      
   
(b)
  x      
               
3.
 
SEC Use Only
               
4.
 
Citizenship or Place of Organization
Delaware
     
 
       
Number of
   
5.
 
Sole Voting Power
 
0
Shares Bene-
   
 
       
ficially owned
   
6.
 
Shared Voting Power
 
2,812,536
by Each
   
 
       
Reporting
   
7.
 
Sole Dispositive Power
 
0
Person With:
   
 
       
      8.  
Shared Dispositive Power
 
2,812,536
               
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person                        2,812,536
               
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    o
               
11.
 
Percent of Class Represented by Amount in Row (9)                     11.2%
12.
 
Type of Reporting Person (See Instructions) OO
 
 
Page 5 of 11 pages

 
 
CUSIP No.
872606108
               
 
1.
 
Names of Reporting Persons.
Firefly Management Company GP, LLC
   
I.R.S. Identification Nos. of above persons (entities only).
               
2.
 
Check the Appropriate Box if a Member of a Group (See Instructions)
   
(a)
  o      
   
(b)
  x      
               
3.
 
SEC Use Only
               
4.
 
Citizenship or Place of Organization
Delaware
     
 
       
Number of
   
5.
 
Sole Voting Power
 
0
Shares Bene-
   
 
       
ficially owned
   
6.
 
Shared Voting Power
 
2,812,536
by Each
   
 
       
Reporting
   
7.
 
Sole Dispositive Power
 
0
Person With:
   
 
       
      8.  
Shared Dispositive Power
 
2,812,536
               
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person                        2,812,536
               
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    o
               
11.
 
Percent of Class Represented by Amount in Row (9)                     11.2%
12.
 
Type of Reporting Person (See Instructions) OO
 
 
Page 6 of 11 pages

 
 
 
CUSIP No.
872606108
               
 
1.
 
Names of Reporting Persons.
FVP Master Fund, L.P.
   
I.R.S. Identification Nos. of above persons (entities only).
               
2.
 
Check the Appropriate Box if a Member of a Group (See Instructions)
   
(a)
  o      
   
(b)
  x      
               
3.
 
SEC Use Only
               
4.
 
Citizenship or Place of Organization
Cayman Islands
     
 
       
Number of
   
5.
 
Sole Voting Power
 
0
Shares Bene-
   
 
       
ficially owned
   
6.
 
Shared Voting Power
 
911,262
by Each
   
 
       
Reporting
   
7.
 
Sole Dispositive Power
 
0
Person With:
   
 
       
      8.  
Shared Dispositive Power
 
911,262
               
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person                        911,262
               
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    o
               
11.
 
Percent of Class Represented by Amount in Row (9)                     3.6%
12.
 
Type of Reporting Person (See Instructions) PN
 
 
Page 7 of 11 pages

 
 
CUSIP No.
872606108
               
 
1.
 
Names of Reporting Persons.
FVP US-Q, LP
   
I.R.S. Identification Nos. of above persons (entities only).
               
2.
 
Check the Appropriate Box if a Member of a Group (See Instructions)
   
(a)
  o      
   
(b)
  x      
               
3.
 
SEC Use Only
               
4.
 
Citizenship or Place of Organization
Delaware
     
 
       
Number of
   
5.
 
Sole Voting Power
 
0
Shares Bene-
   
 
       
ficially owned
   
6.
 
Shared Voting Power
 
1,901,274
by Each
   
 
       
Reporting
   
7.
 
Sole Dispositive Power
 
0
Person With:
   
 
       
      8.  
Shared Dispositive Power
 
1,901,274
               
9.
 
Aggregate Amount Beneficially Owned by Each Reporting Person                        1,901,274
               
10.
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    o
               
11.
 
Percent of Class Represented by Amount in Row (9)                     7.6%
12.
 
Type of Reporting Person (See Instructions) PN
 
 
Page 8 of 11 pages

 
 
Item 1.
(a)
The name of the issuer is TNFG Corporation (the “Issuer”).
(b)
The principal executive office of the Issuer is located at 2305 Cedar Springs Road, Suite 100, Dallas, Texas 75201.
 
 
Item 2.
(a)
This statement (this “Statement”) is being filed by:  (i) FVP Master Fund, L.P., a Cayman Islands exempted limited partnership (“FVP Master Fund”), (ii) FVP US-Q, LP, a Delaware limited partnership (“FVP Fund” and, together with FVP Master Fund, the “Funds”), (iii) Firefly Value Partners, LP, a Delaware limited partnership (“Firefly Partners”), which serves as the investment manager of the Funds, (iv) FVP GP, LLC, a Delaware limited liability company (“FVP GP”), which serves as the general partner of the Funds, (v) Firefly Management Company GP, LLC, a Delaware limited liability company (“Firefly Management”), which serves as the general partner of Firefly Partners, and (vi) Messrs. Ryan Heslop and Ariel Warszawski, the managing members of FVP GP and Firefly Management (all of the foregoing, collectively, “Reporting Persons”).  The Funds are private investment vehicles formed for the purpose of investing and trading in a wide variety of securities and financial instruments.  The Funds directly own all of the shares reported in this Statement.  Messrs. Heslop and Warszawski, Firefly Partners, Firefly Management and FVP GP may be deemed to share with the Funds voting and dispositive power with respect to such shares.  Each Reporting Person disclaims beneficial ownership with respect to any shares other than those owned directly by such Reporting Person.
   
(b)
The Principal Business Office of FVP Master Fund is:
 
c/o dms Corporate Services, Ltd.
P.O. Box 1344
dms House
20 Genesis Close
Grand Cayman, KY1-1108
Cayman Islands

The Principal Business Office of Messrs. Heslop and Warszawski, Firefly Partners, FVP GP, Firefly Management and FVP Fund is:

551 Fifth Ave., 36th Floor, New York, NY 10176
   
(c)
For citizenship information see item 4 of the cover sheet of each Reporting Person.
   
(d)
This Statement relates to the Common Stock of the Issuer.
   
(e)
The CUSIP Number of the Common Stock of the Issuer is 872606108.
 
Item 3. If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
 o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
     
(b)
 o
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
     
(c)
 o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
     
(d)
 o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
     
(e)
 o
An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
     
(f)
 o
An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
     
(g)
 o
A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
     
(h)
 o
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
     
(i)
 o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
     
(j)
 o
Group, in accordance with 240.13d-1(b)(1)(ii)(J);
 
 
Page 9 of 11 pages

 
 
Item 4. Ownership.
See Items 5-9 and 11 on the cover page for each Reporting Person, and Item 2.  The percentage ownership of each Reporting Person is based on 25,100,884 shares of Common Stock outstanding as of November 10, 2010, as reported on the Issuer's quarterly report on Form 10-Q filed on November 12, 2010, for the quarterly period ended September 30, 2010.
 
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
 
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
   
(a)
Not applicable.
   
(b)
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.
 
 
Page 10 of 11 pages

 
 
SIGNATURE
 
    After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated:    November 22, 2010
 
 
/s/ Ryan Heslop
 
 
Ryan Heslop
 
 
Ariel Warszawski
Firefly Value Partners, LP
FVP GP, LLC
Firefly Management Company GP, LLC
FVP Master Fund, L.P.
FVP US-Q, LP
 
 
By:
/s/ Ariel Warszawski
 
 
Ariel Warszawski, for himself and as Managing Member
of FVP GP (for itself and as general partner of each of the
Funds) and Firefly Management (for itself and as general
partner of Firefly Partners)
 
 
 Page 11 of 11 pages

 
 
EXHIBIT INDEX
 
Exhibit No.
 
Document
1
 
Joint Filing Agreement, dated November 22, 2010, among Ryan Heslop, Ariel Warszawski, Firefly Value Partners, LP, FVP GP, LLC, Firefly Management Company,  LLC, FVP Master Fund, L.P. and FVP US-Q,  LP to file this joint statement on Schedule 13G.
 
 
 

 
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Unassociated Document
EXHIBIT 99.1
 
JOINT FILING AGREEMENT
 
    In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including amendments thereto) with respect to the Common Stock of TNFG Corporation, and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing.
 
    The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.
 
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of November 22, 2010.
 
 
/s/ Ryan Heslop
 
Ryan Heslop
 
 
Ariel Warszawski
Firefly Value Partners, LP
FVP GP, LLC
Firefly Management Company GP, LLC
FVP Master Fund, L.P.
FVP US-Q, LP
 
 
By:
/s/ Ariel Warszawski
 
Ariel Warszawski, for himself and as Managing Member of FVP GP (for itself and as general partner of each of the Funds) and Firefly Management (for itself and as general partner of Firefly Partners)

 
 

 
 
 
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