SPANISH BROADCASTING SYSTEMS, INC.
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(Name of Issuer)
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Class A Class A Common Stock, Par Value $0.0001 per share
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(Title of Class of Securities)
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846425833
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(CUSIP Number)
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Bluestone Financial LTD
Vanterpool Plaza, 2nd Floor, Wickhams Cay I, Road Town,
Tortola, British Virgin Islands
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(Name, Address and Telephone Number of Person
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Authorized to Receive Notices and Communications)
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January 19, 2016
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(Date of Event which Requires Filing of this Statement)
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CUSIP NO. 846425882
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SCHEDULE 13D
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1
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NAME OF REPORTING PERSON
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S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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BLUESTONE FINANCIAL LTD .
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) ☒
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(b) ☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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BRITISH VIRGIN ISLANDS (BVI)
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7
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SOLE VOTING POWER
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NUMBER OF
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340,618 Shares
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SHARES
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BENEFICIALLY
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8
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SHARED VOTING POWER
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OWNED
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BY EACH
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0
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REPORTING
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PERSON WITH
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9
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SOLE DISPOSITIVE POWER
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340,618 Shares
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10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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340,618 Shares
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.174%
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14
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TYPE OF REPORTING PERSON
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FI
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(a) | Bluestone Financial LTD (“Bluestone Reporting Person”) |
(b) | The purpose of the business of the Bluestone Reporting person is Financial Investing. The Bluestone Reporting Person is a Limited Company incorporated under the laws of Bristish virgin Islands. David Tomasello is the Managing Director of the Bluestone Reporting Person. |
(c) | The address(es) of the Bluestone Reporting Person is: Vanterpool Plaza, 2nd Floor, Wickhams Cay I, Road Town, Tortola, British Virgin Islands. |
(d) | None |
(e) | None |
(f) | Organized in BVI |
(a) | As indicated in the Form 10Q , filed by the Company with the Securities and Exchange Commission As of November 12, 2015 there were 4,166,991 shares of Class A common stock. |
(b) | As of the date of this Schedule 13D: The Bluestone Reporting Person owns 340,618 shares of Class A Common Stock, which is approximately 8.174% of the total shares of the Company’s Class A Common Stock calculated in accordance with Rule 13d-3 promulgated under the Securities Act of 1934 |
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/s/ David Tomasello
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David Tomasello, as Managing Director of Bluestone Financial LTD
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