-----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, K/9/ZzTOmEpghBkcoC8RseCs1+RZ4WaR5tlT+1Fg7b9uQJSc1hLqqGQqYjjuNtA1 BYJDd0gl744GG7MxQZUEOA== 0001144204-10-065781.txt : 20101210 0001144204-10-065781.hdr.sgml : 20101210 20101210134458 ACCESSION NUMBER: 0001144204-10-065781 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101210 DATE AS OF CHANGE: 20101210 GROUP MEMBERS: DENIS M. O'DONNELL GROUP MEMBERS: SEASIDE 88 ADVISORS, LLC GROUP MEMBERS: WILLIAM J. RITGER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED FREIGHT Corp CENTRAL INDEX KEY: 0000783284 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 840868815 STATE OF INCORPORATION: FL FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-41084 FILM NUMBER: 101244406 BUSINESS ADDRESS: STREET 1: SUITE 200, 6371 BUSINESS BOULEVARD CITY: SARASOTA STATE: FL ZIP: 34240 BUSINESS PHONE: 941-907-8372 MAIL ADDRESS: STREET 1: SUITE 200, 6371 BUSINESS BOULEVARD CITY: SARASOTA STATE: FL ZIP: 34240 FORMER COMPANY: FORMER CONFORMED NAME: PLANGRAPHICS INC DATE OF NAME CHANGE: 20020510 FORMER COMPANY: FORMER CONFORMED NAME: INTEGRATED SPATIAL INFORMATION SOLUTIONS INC /CO/ DATE OF NAME CHANGE: 19981015 FORMER COMPANY: FORMER CONFORMED NAME: INTEGRATED SPATIAL INFORMATION SYSTEMS INC DATE OF NAME CHANGE: 19980710 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Seaside 88, LP CENTRAL INDEX KEY: 0001456844 IRS NUMBER: 262633116 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 750 OCEAN ROYALE WAY STREET 2: SUITE 805 CITY: JUNO BEACH STATE: HI ZIP: 33408 BUSINESS PHONE: 5618911903 MAIL ADDRESS: STREET 1: 750 OCEAN ROYALE WAY STREET 2: SUITE 805 CITY: JUNO BEACH STATE: HI ZIP: 33408 SC 13G 1 v205194_sc13g.htm Unassociated Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. __)*
 
Integrated Freight Corporation

(Name of Issuer)

Common Stock

 (Title of Class of Securities)

458166105

  (CUSIP Number)

November 29, 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:
 
     ¨ Rule 13d-1(b)
 
     x Rule 13d-1(c)
 
     ¨ 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).
 


 

 
 
CUSIP No.
 
458166105

   
1
NAMES OF REPORTING PERSONS
 
 Seaside 88, LP
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)   o
(b)   o
   
3
SEC USE ONLY
 
 
   
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 Florida
 
     
 
5
SOLE VOTING POWER
 
  2,644,586
NUMBER OF
 
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  0
OWNED BY
 
EACH
7
SOLE DISPOSITIVE POWER
REPORTING
  2,644,586
PERSON
 
WITH:
8
SHARED DISPOSITIVE POWER
 
 0
 
 
   
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  2,644,586
 
   
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)
 9.99%
 
   
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 PN
 

 
2

 

CUSIP No.
 
458166105
 

1
NAMES OF REPORTING PERSONS
 
 Seaside 88 Advisors, LLC
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)   o
(b)   o
   
3
SEC USE ONLY
 
 
   
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 Florida
 
     
 
5
SOLE VOTING POWER
 
  2,644,586
NUMBER OF
 
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
  0
OWNED BY
 
EACH
7
SOLE DISPOSITIVE POWER
REPORTING
  2,644,586
PERSON
 
WITH:
8
SHARED DISPOSITIVE POWER
 
 0
   
   
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  2,644,586
 
   
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)
 9.99%
 
   
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 PN
 

 
3

 

CUSIP No.
 
458166105
 

1
NAMES OF REPORTING PERSONS
 
 William J. Ritger
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)   o
(b)   o
   
3
SEC USE ONLY
 
 
   
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 Florida
 
     
 
5
SOLE VOTING POWER
 
  0
NUMBER OF
 
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
 2,644,586
OWNED BY
 
EACH
7
SOLE DISPOSITIVE POWER
REPORTING
  0
PERSON
 
WITH:
8
SHARED DISPOSITIVE POWER
 
 2,644,586
   
   
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  2,644,586
 
   
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)
 9.99%
 
   
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 IN
 

 
4

 

CUSIP No.
 
458166105
 

1
NAMES OF REPORTING PERSONS
 
 Denis M. O’Donnell
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a)   o
(b)   o
   
3
SEC USE ONLY
 
 
   
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 Massachusetts
 
     
 
5
SOLE VOTING POWER
 
  0
NUMBER OF
 
SHARES
6
SHARED VOTING POWER
BENEFICIALLY
 2,644,586
OWNED BY
 
EACH
7
SOLE DISPOSITIVE POWER
REPORTING
  0
PERSON
 
WITH:
8
SHARED DISPOSITIVE POWER
 
 2,644,586
   
   
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  2,644,586
 
   
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)
 9.99%
 
   
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 IN
 

 
5

 

SCHEDULE 13G

Item 1(a)
Name of Issuer.
 
Integrated Freight Corporation

Item 1(b)
Address of Issuer’s Principal Executive Offices.
 
6371 Business Boulevard, Suite 200, Sarasota, FL 34240

Item 2(a)
Name of Person Filing.
 
Seaside 88, LP
 
Seaside 88 Advisors, LLC
 
William J. Ritger
 
Denis M. O’Donnell

Item 2(b)
Address of Principal Business Office.
 
The principal business address of the reporting persons is 750 Ocean Royale Way, Suite 805, North Palm Beach, FL 33408

Item 2(c)
Place of Organization.
 
Reference is made to Item 4 of pages 2-5 of this Schedule 13G, which Items are incorporated herein by reference

Item 2(d)
Title of Class of Securities.
 
Common Stock, $0.001 par value per share

Item 2(e)
CUSIP Number.
 
458166105

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);

 
6

 

 
(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).

Item 4
Ownership.

Reference is hereby made to Items 5-9 and 11 of pages 2-5 of this Schedule 13G, which Items are incorporated by reference herein.

The securities to which this Schedule relates (the “Securities”) are owned by Seaside 88, LP, a Florida limited partnership (“Seaside”), for which Seaside 88 Advisors, LLC serves as general partner.  William J. Ritger and Denis M. O’Donnell, as managing members of the general partner of Seaside, may therefore be deemed to beneficially own the Securities owned by Seaside for the purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Act”), insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.

Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of Seaside 88 Advisors, LLC, Mr. Ritger or Dr. O’Donnell is, for any other purpose, the beneficial owner of any of the Securities, and each of Seaside 88 Advisors, LLC, Mr. Ritger and Dr. O’Donnell disclaims beneficial ownership as to the Securities, except to the extent of his or its pecuniary interests therein.

Under the definition of “beneficial ownership” in Rule 13d-3 under the Act, it is also possible that the members of Seaside might be deemed the “beneficial owners” of some or all of the Securities insofar as they may be deemed to share the power to direct the voting or disposition of the Securities.  Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of such individuals is, for any purpose, the beneficial owner of any of the Securities, and such beneficial ownership is expressly disclaimed.

The calculation of the number of shares owned includes 2,400,000 shares currently owned by Seaside.   Seaside also has the right to purchase up to an additional 2,400,000 shares within 60 days of the date hereof pursuant to a common stock purchase warrant, although such warrant includes a prohibition against any exercise that would result in Seaside’s beneficial ownership of shares of the issuer’s common stock exceeding 9.99% of the shares outstanding immediately after giving effect to such exercise.

The calculation of percentage of beneficial ownership in Item 11 of pages 2-5 was derived from the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2010 as filed with the Securities and Exchange Commission on November 19, 2010, in which the Issuer stated that the number of shares of its common stock outstanding as of November 17, 2010 was 24,312,989 shares.   The calculation includes the 2,400,000 shares purchased by Seaside in the number of shares outstanding; the aggregate number and percentage of shares shown as beneficially owned in Items 9 and 11, respectively, represent 9.99% of the total number of shares outstanding, or 26,712,909 shares.

 
7

 

Item 5
Ownership of Five Percent or Less of a Class.
 
Not applicable.

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.

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.
 
8

 
SIGNATURE

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

Date:      December 10, 2010
SEASIDE 88, LP
     
 
By:
SEASIDE 88 ADVISORS, LLC
     
   
By:
/s/ William J. Ritger
     
William J. Ritger, Manager
     
 
SEASIDE 88 ADVISORS, LLC
     
   
By:
/s/ William J. Ritger
     
William J. Ritger, Manager
     
 
WILLIAM J. RITGER
     
  /s/ William J. Ritger
 
William J. Ritger
     
     
 
DENIS M. O’DONNELL
     
 
/s/ Denis M. O’Donnell
 
Denis M. O’Donnell

EXHIBIT INDEX

Exhibit A
Joint Filing Undertaking
Page 10

 
9

 

EXHIBIT A

JOINT FILING UNDERTAKING

The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule, as it may be amended, jointly on behalf of each of such parties.

Dated: December 10, 2010
 
SEASIDE 88, LP
     
 
By:
SEASIDE 88 ADVISORS, LLC
     
   
By:
/s/ William J. Ritger
     
William J. Ritger, Manager
     
 
SEASIDE 88 ADVISORS, LLC
     
   
By:
/s/ William J. Ritger
     
William J. Ritger, Manager
     
 
WILLIAM J. RITGER
     
  /s/ William J. Ritger
 
William J. Ritger
     
     
 
DENIS M. O’DONNELL
     
 
/s/ Denis M. O’Donnell
 
Denis M. O’Donnell

 
10

 

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