-----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, N/W0fh1eDNQUTZUkzUa3X65U9FtxrLgmG9B1mbL2458P8MVJudu+bh9mriqz34/9 iqThpviTEd8x5z2ajpjZdg== 0001452690-09-000004.txt : 20091016 0001452690-09-000004.hdr.sgml : 20091016 20091016143217 ACCESSION NUMBER: 0001452690-09-000004 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20091016 DATE AS OF CHANGE: 20091016 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. CENTRAL INDEX KEY: 0001084031 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 980200471 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79233 FILM NUMBER: 091123195 BUSINESS ADDRESS: STREET 1: 4235 COMMERCE STREET CITY: LITTLE RIVER STATE: SC ZIP: 29566 BUSINESS PHONE: 843-390-2500 MAIL ADDRESS: STREET 1: 4235 COMMERCE STREET STREET 2: 4235 COMMERCE STREET CITY: LITTLE RIVER STATE: SC ZIP: 29566 FORMER COMPANY: FORMER CONFORMED NAME: NATUROL HOLDINGS LTD DATE OF NAME CHANGE: 20020823 FORMER COMPANY: FORMER CONFORMED NAME: CORONADO EXPLORATIONS LTD DATE OF NAME CHANGE: 19990528 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Zanett Opportunity Fund, Ltd. CENTRAL INDEX KEY: 0001452690 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O APPLEBY SPURLING, CANON'S COURT STREET 2: 22 VICTORIA ST. PO BOX HM 1179 CITY: HAMILTON STATE: D0 ZIP: HM 1179 BUSINESS PHONE: 1-441-295-2244 MAIL ADDRESS: STREET 1: C/O APPLEBY SPURLING, CANON'S COURT STREET 2: 22 VICTORIA ST. PO BOX HM 1179 CITY: HAMILTON STATE: D0 ZIP: HM 1179 SC 13G 1 schedule13g101609.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ______________________ SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. __)* Integrated Environmental Technologies, Ltd. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 639048107 (CUSIP Number) August 19, 2009 (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) [x] Rule 13d-1(c) [_] Rule 13d-1(d) (Page 1 of 8 Pages) - ---------------------- * 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, as amended (the "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). CUSIP No. 639048107 13G Page 2 of 8 Pages 1 NAME OF REPORTING PERSONS McAdoo Capital, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [_] (b) [_] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 15,000,000 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 15,000,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,000,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] (see instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 15.1% 12 TYPE OF REPORTING PERSON (see instructions) CO CUSIP No. 639048107 13G Page 3 of 8 Pages 1 NAME OF REPORTING PERSONS Zanett Opportunity Fund, Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [_] (b) [_] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 14,750,000 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 14,750,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 14,750,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] (see instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.9% 12 TYPE OF REPORTING PERSON (see instructions) CO CUSIP No. 639048107 13G Page 4 of 8 Pages 1 NAME OF REPORTING PERSONS Zachary McAdoo 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [_] (b) [_] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER None 6 SHARED VOTING POWER 15,000,000 7 SOLE DISPOSITIVE POWER None 8 SHARED DISPOSITIVE POWER 15,000,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 15,000,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [_] (see instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 15.1% 12 TYPE OF REPORTING PERSON (see instructions) IN CUSIP No. 639048107 13G Page 5 of 8 Pages Item 1(a). Name of Issuer: Integrated Environmental Technologies, Ltd. Item 1(b). Address of Issuer's Principal Executive Offices: 4235 Commerce Street Little River, South Carolina 29566 Item 2(a). Name of Person Filing: McAdoo Capital, Inc. Zanett Opportunity Fund, Ltd. Zachary McAdoo Item 2(b). Address of Principal Business Office or, if none, Residence: For McAdoo Capital, Inc. and Zachary McAdoo: 635 Madison Avenue, 15th Floor New York, NY 10022 For Zanett Opportunity Fund: c/o Appleby Spurling Canon's Court 22 Victoria Street P.O. Box HM 1179 Hamilton, Bermuda HM 1179 Item 2(c). Citizenship: McAdoo Capital, Inc. - United States Zanett Opportunity Fund, Ltd. - Bermuda Zachary McAdoo - United States Item 2(d). Title of Class of Securities: Common Stock, par value $0.001 per share (the "Common Stock") Item 2(e). CUSIP No.: 639048107 CUSIP No. 639048107 13G Page 6 of 8 Pages Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2 (b) or (c), Check Whether the Person Filing is a: Not applicable. Item 4. Ownership. (a) Amount Beneficially Owned: Zanett Opportunity Fund, Ltd. (the "Fund") beneficially owns 14,750,000 shares of Common Stock. This amount includes: (i) 5,900,000 warrants owned outright; (ii) 5,900,000 shares that may be acquired pursuant to the conversion features of the 12% convertible debentures due in 2009 issued to the Fund (the "Fund Debentures") and (iii) 2,950,000 warrants that may acquired pursuant to the conversion features of the Fund Debentures. McAdoo Capital, Inc. ("McAdoo Capital") exercises investment discretion over the Fund's 14,750,000 shares of Common Stock, in addition to the 250,000 shares McAdoo Capital beneficially owns, which includes: (i) 100,000 warrants owned outright; (ii) 100,000 shares that may be acquired pursuant to the conversion features of the 12% convertible debentures due in 2009 issued to McAdoo Capital (the "McAdoo Debentures") and (iii) 50,000 warrants that may acquired pursuant to the conversion features of the McAdoo Debentures. Zachary McAdoo exercises investment discretion over shares beneficially owned by McAdoo Capital by virtue of his position as President. This report shall not be construed as an admission that McAdoo Capital or Mr. McAdoo are the beneficial owners of the Fund's shares for any purposes. (b) Percent of Class: See attached responses to Item 11 on the attached cover pages. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See the attached responses to Item 5 on the attached cover pages. (ii) Shared power to vote or to direct the vote: See the attached responses to Item 6 on the attached cover pages. (iii) Sole power to dispose or to direct the disposition of: See the attached responses to Item 7 on the attached cover pages. (iv) Shared power to dispose or to direct the disposition of: See the attached responses to Item 8 on the attached cover pages. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. CUSIP No. 639048107 13G Page 7 of 8 Pages Item 6. Ownership of More than Five Percent on Behalf of Another Person. Investors in the Fund described in Item 4 above have the right to receive dividends from, or the proceeds from the sale of, the shares held in each Fund. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. 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. Certifications. Each of the Reporting Persons hereby makes the following certification: 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. 639048107 13G Page 8 of 8 Pages 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: October 16, 2009 MCADOO CAPITAL, INC. /s/ Zachary McAdoo Zachary McAdoo, President Dated: October 16, 2009 ZANETT OPPORTUNITY FUND, LTD. By: MCADOO CAPITAL, INC., its Investment Manager /s/ Zachary McAdoo Zachary McAdoo, President Dated: October 16, 2009 /s/ Zachary McAdoo Zachary McAdoo EXHIBITS No. Exhibit 99.1 Joint Filing Agreement EX-99 2 jointfilingagreement101609.txt JOINT FILING AGREEMENT JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1) In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing with the other reporting person of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.001 per share, of Integrated Environmental Technologies, Ltd., and that this Agreement be included as an Exhibit to such joint filing. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 16th day of October, 2009. MCADOO CAPITAL, INC. /s/ Zachary McAdoo Zachary McAdoo, President ZANETT OPPORTUNITY FUND, LTD. By: MCADOO CAPITAL, INC., its Investment Manager /s/ Zachary McAdoo Zachary McAdoo, President /s/ Zachary McAdoo Zachary McAdoo -----END PRIVACY-ENHANCED MESSAGE-----