0001535789-12-000002.txt : 20120709 0001535789-12-000002.hdr.sgml : 20120709 20120709143950 ACCESSION NUMBER: 0001535789-12-000002 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120709 DATE AS OF CHANGE: 20120709 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MARKETING WORLDWIDE CORP CENTRAL INDEX KEY: 0001278363 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MOTOR VEHICLE SUPPLIES & NEW PARTS [5013] IRS NUMBER: 680566295 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82885 FILM NUMBER: 12952955 BUSINESS ADDRESS: STREET 1: 2212 GRAND COMMERCE DRIVE CITY: HOWELL STATE: MI ZIP: 48855 BUSINESS PHONE: 517-540-0045 MAIL ADDRESS: STREET 1: 2212 GRAND COMMERCE DRIVE CITY: HOWELL STATE: MI ZIP: 48855 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: St George Investments LLC CENTRAL INDEX KEY: 0001474389 IRS NUMBER: 261868357 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 303 EAST WACKER DRIVE SUITE 311 CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 312-297-7000 MAIL ADDRESS: STREET 1: 303 EAST WACKER DRIVE SUITE 311 CITY: CHICAGO STATE: IL ZIP: 60601 SC 13G 1 stgeorge_13gmwwc.htm ST GEORGE 13G MWWC stgeorge_13gmwwc.htm



SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934

Marketing Worldwide Corporation
(Name of Issuer)

Common Stock, $0.001 par value
(Title of Class of Securities)

57061T102
(CUSIP Number)

July 5, 2012
(Date of Event which requires filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
q
Rule 13d-1(b)

þ
Rule 13d-1(c)

q
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 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).

 



 
SCHEDULE 13G  
             
 
CUSIP No. 57061T102
 
  1 
 
Names of reporting persons
 
 St. George Investments, LLC
  2
 
Check the appropriate box if a member of a group
(a)  ¨        (b)  ¨
 
  3
 
SEC use only
 
4
 
Citizenship or place of organization
 
Utah
Number of
shares
beneficially
owned by
each
reporting
person
with
  
  5 
  
Sole voting power
 
47,542,549 * (see Item 4)
  
  6
  
Shared voting power 
  
  
  7
  
Sole dispositive power
 
47,542,549 * (see Item 4)
  
8
  
Shared dispositive power 
 
9
 
Aggregate amount beneficially owned by each reporting person
 
47,542,549 * (see Item 4)
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
 
 9.99% * (see Item 4)
12
 
Type of reporting person (see instructions)
 
CO
 
* Reporting person St. George Investments, LLC (“St. George”) has rights to convert a Note into an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that St. George may own, would exceed such a cap.  The Note’s original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s 30-day average Market Capitalization below four hundred thousand dollars ($400,000).  On July 5, 2012, St. George sent notice to the issuer that the 30-day average Market Capitalization had fallen below $400,000 and, consequently, St. George’s ownership limitation had increased to 9.99% of the Issuers outstanding shares.  Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by St. George was 47,542,549 shares, which is 9.99% of the 475,901,400 shares that were outstanding on that date.

 


 
SCHEDULE 13G  
             
 
CUSIP No. 57061T102
 
  1 
 
Names of reporting persons
 
Fife Trading, Inc.
  2
 
Check the appropriate box if a member of a group
(a)  ¨        (b)  ¨
 
  3
 
SEC use only
 
4
 
Citizenship or place of organization
 
Utah
Number of
shares
beneficially
owned by
each
reporting
person
with
  
  5 
  
Sole voting power
 
47,542,549 * (see Item 4)
  
  6
  
Shared voting power 
  
  
  7
  
Sole dispositive power
 
47,542,549 * (see Item 4)
  
8
  
Shared dispositive power 
 
9
 
Aggregate amount beneficially owned by each reporting person
 
47,542,549 * (see Item 4)
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
 
9.99% * (see Item 4)
12
 
Type of reporting person (see instructions)
 
CO
 
* Reporting person Fife Trading, Inc. is the sole manager of reporting person St. George.  Reporting person St. George has rights to convert a Note into an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that St. George may own, would exceed such a cap.  The Note’s original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s 30-day average Market Capitalization below four hundred thousand dollars ($400,000).  On July 5, 2012, St. George sent notice to the issuer that the 30-day average Market Capitalization had fallen below $400,000 and, consequently, St. George’s ownership limitation had increased to 9.99% of the Issuers outstanding shares.  Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by St. George was 47,542,549 shares, which is 9.99% of the 475,901,400 shares that were outstanding on that date.




 
SCHEDULE 13G
             
 
CUSIP No. 57061T102
 
  1 
 
Names of reporting persons
 
John M. Fife
  2
 
Check the appropriate box if a member of a group
(a)  ¨        (b)  ¨
 
  3
 
SEC use only
 
4
 
Citizenship or place of organization
 
United States of America
Number of
shares
beneficially
owned by
each
reporting
person
with
  
  5 
  
Sole voting power
 
47,542,549 * (see Item 4)
  
  6
  
Shared voting power 
  
  
  7
  
Sole dispositive power
 
47,542,549 * (see Item 4)
  
8
  
Shared dispositive power 
 
9
 
Aggregate amount beneficially owned by each reporting person
 
47,542,549 * (see Item 4)
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
 
9.99% * (see Item 4)
12
 
Type of reporting person (see instructions)
 
IN
 
* Reporting person John M. Fife is the sole member of reporting person St. George and the president and sole shareholder of Fife Trading, Inc.  Reporting person St. George has rights to convert a Note into an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that St. George may own, would exceed such a cap.  The Note’s original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s 30-day average Market Capitalization below four hundred thousand dollars ($400,000).  On July 5, 2012, St. George sent notice to the issuer that the 30-day average Market Capitalization had fallen below $400,000 and, consequently, St. George’s ownership limitation had increased to 9.99% of the Issuers outstanding shares.  Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by St. George was 47,542,549 shares, which is 9.99% of the 475,901,400 shares that were outstanding on that date.
 



ITEM 1
(a)
 
 
Name of Issuer:
 
Marketing Worldwide Corporation

 
(b) 
Address of Issuer’s Principal Executive Offices:
 
2212 Grand Commerce Dr.
Howell, Michigan 48855
 
ITEM 2
(a)
Name of Person Filing:
 
This report is filed by St. George Investments, LLC, Fife Trading, Inc., and John M. Fife with respect to the shares of Common Stock, $0.001 par value per share, of the Issuer that are directly beneficially owned by St. George Investments, Inc. and indirectly beneficially owned by the other reporting and filing persons.

 
(b) 
Address of Principal Business Office, or, if None, Residence:
 
The address of the principal business office of each reporting and filing person is:
303 East Wacker Drive, Suite 1200, Chicago, IL 60601.

 
(c)
Citizenship:
 
St. George Investments, LLC is an Illinois limited liability company.
Fife Trading, Inc. is an Illinois corporation.
John M. Fife is a United States citizen.

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

 
(e)
CUSIP Number:
 
57061T102

ITEM 3:
If this Statement if Filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

 
q
a.
Broker or dealer registered under Section 15 of the Exchange Act.

 
q
b.
Bank as defined in Section 3(a)(6) of the Exchange Act.

 
q
c.
Insurance company as defined in Section 3(a)(19) of the Exchange Act.

 
q
d.
Investment company registered under Section 8 of the Investment Company Act.

 
q
e.
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)

 
q
f.
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F)

 
q
g.
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G)

 
q
h.
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act

 
q
i.
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act

 
q
j.
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
 
 


 
ITEM 4:
Ownership
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
(a) 
Amount beneficially owned: See Item 9 of the cover pages.
 
 
(b) 
Percent of class:  See Item 11 of the cover pages.
 
 
(c) 
Number of shares as to which such person has:
 
 
(i) 
Sole power to vote or to direct the vote:  See Item 5 of the cover pages.

 
(ii) 
Shared power to vote or to direct the vote:  See Item 6 of the cover pages.

 
(iii) 
Sole power to dispose or to direct the disposition of:  See Item 7 of the cover pages.
 
 
(iv) 
Shared power to dispose or to direct the disposition of:  See Item 8 of the cover pages.

None of the reporting and filing persons is a registered broker-dealer or an affiliate of a registered broker-dealer.  John M. Fife exercises voting and dispositive power with respect to the Shares.

On February 22, 2012, reporting person St. George and the Issuer entered into a Note Purchase Agreement (the “Purchase Agreement”).  Pursuant to the Purchase Agreement, St. George purchased from the Issuer a Secured Convertible Promissory Note (the “Note”) convertible into shares of the Issuer’s common stock (the “Common Stock”).

As consideration for the Note, St. George paid the Issuer $100,000 in cash.  The $102,500 original principal amount of the Note reflects a $2,500 reimbursement for St. George’s transaction expenses.

The Note bears interest at the rate of 8% per year, or 22% per year if an event of default occurs, and matures 9 months after the transaction closing date.  St. George is entitled to convert the Note, in whole or part, into shares of the Issuer’s Common Stock.  The conversion price for the Note is 51% of the average of the three lowest trading prices of the Common Stock during the 10 trading days immediately preceding the conversion date.

St. George has rights to convert a Note into an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that St. George may own, would exceed such a cap.  The Note’s original ownership cap of 4.99% was subject to increase to 9.99% in the event of a drop in the Issuer’s 30-day average Market Capitalization below four hundred thousand dollars ($400,000).  On July 5, 2012, St. George sent notice to the issuer that the 30-day average Market Capitalization had fallen below $400,000 and, consequently, St. George’s ownership limitation had increased to 9.99% of the Issuers outstanding shares.  Thus, on the date of the event which requires filing of this Statement, the number of shares of the Issuer’s common stock beneficially owned by St. George was 47,542,549 shares, which is 9.99% of the 475,901,400 shares that were outstanding on that date.


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 box: q

  


 
ITEM 6: 
Ownership of More than Five Percent on Behalf of Another Person.

N/A 
 
ITEM 7:
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
N/A
 
ITEM 8:
Identification and Classification of Members of the Group.
 
N/A
 
ITEM 9:
Notice of Dissolution of Group.
 
N/A
 
ITEM 10: 
Certifications.
 
By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 such purpose or effect.

 


 
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.


Dated:  July 9, 2012
ST. GEORGE INVESTMENTS, LLC
 
By:           Fife Trading, Inc., its Manager
 
By:           /s/ John M Fife
Name:           John M. Fife
Title:           President
 
 
Dated:  July 9, 2012
 
FIFE TRADING, INC.
 
By:           /s/ John M Fife
Name:           John M. Fife
Title:           President
 
 
Dated:  July 9, 2012
JOHN M. FIFE
 
/s/ John M Fife
 
 


 


 
ANNEX 1
 
JOINT FILING AGREEMENT
 
In accordance with Rule 13d-1(k)(1) 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 Marketing Worldwide Corporation, and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, have executed this Joint Filing Agreement on the date(s) written below.


Dated:  July 9, 2012
ST. GEORGE INVESTMENTS, LLC
 
By:           Fife Trading, Inc., its Manager
 
By:           /s/ John M Fife
Name:           John M. Fife
Title:           President
 
 
 
Dated:  July 9, 2012
 
FIFE TRADING, INC.
 
By:           /s/ John M Fife
Name:           John M. Fife
Title:           President
 
 
 
Dated:  July 9, 2012
JOHN M. FIFE
 
/s/ John M Fife