0001096906-14-000097.txt : 20140130 0001096906-14-000097.hdr.sgml : 20140130 20140130160543 ACCESSION NUMBER: 0001096906-14-000097 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140130 DATE AS OF CHANGE: 20140130 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CADUS CORP CENTRAL INDEX KEY: 0000911148 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 133660391 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-46485 FILM NUMBER: 14560825 BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2127024367 MAIL ADDRESS: STREET 1: 777 OLD SAW MILL RIVER ROAD CITY: TARRYTOWN STATE: NY ZIP: 10591-6705 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Farpoint Capital Management, LLC CENTRAL INDEX KEY: 0001589146 IRS NUMBER: 462678172 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 7501 TILLMAN HILL ROAD CITY: COLLEYVILLE STATE: TX ZIP: 76034 BUSINESS PHONE: 682-738-8011 MAIL ADDRESS: STREET 1: 7501 TILLMAN HILL ROAD CITY: COLLEYVILLE STATE: TX ZIP: 76034 SC 13D 1 cadus.htm CADUS CORPORATION SCH 13D AMENDMENT 2 2014-01-30 cadus.htm
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, DC 20549

 ______________

 SCHEDULE 13D/A
 (Rule 13d-101)
(Amendment No. 2)

 INFORMATION TO BE INCLUDED IN STATEMENTS FILED
 PURSUANT TO RULE 13d-1(a)


CADUS CORPORATION
 (Name of Issuer)

Common Stock
(Title of Class of Securities)


127639102
(CUSIP Number)


FARPOINT CAPITAL MANAGEMENT, LLC
7501 TILLMAN HILL ROAD
COLLEYVILLE, TEXAS 76034
682-738-8011
FAX (682) 626 0003

 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 29, 2014
(Date of Event Which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(c), 13d-1(f) or 13d-1(g), check the following box. o

 
 
 
 
CUSIP No. 127639102
13D
Page 2 of 4 Pages 
   
1.
NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
 
Farpoint Capital Management, LLC
EIN - 46-2678172
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a) o
 (b) o
 
3.
SEC USE ONLY
 
4.
SOURCE OF FUNDS *  
OO - Funds of Investment Advisory Clients
 
5.
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)  o
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION:
 7501 Tillman Hill Road, Colleyville, Texas 76034
 
NUMBER OF
7.
SOLE VOTING POWER
SHARES
  
655,000
BENEFICIALLY
8.
SHARED VOTING POWER
OWNED BY
  
0
EACH
9.
SOLE DISPOSITIVE POWER
REPORTING
  
655,000
PERSON
10.
SHARED DISPOSITIVE POWER
WITH
  
0
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
655,000
 
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  o
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11:
 4.98%
 
14.
TYPE OF REPORTING PERSON
 IA

 
 
 
 
Item 1. Security and Issuer

The class of equity securities to which this Schedule 13D relates is the Common Stock of CADUS CORPORATION (the "Company").  The principal executive offices of the Company are located at 767 Fifth Avenue, New York, NY 10153.

Item 2. Identity and Background

This statement is being filed by Farpoint Capital Management (the “Reporting Persons”).

a.
Name:
Farpoint Capital Management, LLC
     
b.
State of organization:
Nevada
     
c.
Principal business:
State Registered Investment Advisor
     
d.
Address:
7501 Tillman Hill Road, Colleyville, Texas 76034
     
e.
During the last five years, neither Farpoint Capital Management, LLC nor its President Bryan P. Healey has (i) been convicted in any criminal proceeding; or (ii) been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which either was subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3. Source and Amount of Funds or Other Consideration.

Not applicable.

Item 4. Purpose of Transaction.

The Reporting Persons acquired the Company’s shares in the belief that the shares were undervalued.  On January 22, 2014, the Company announced it was entering a new line of business concurrent with the announcement of the acquisition of residential real estate in Florida.  As a result, the Reporting Persons sold a small number of shares in the open market to reduce the exposure to real estate while waiting for additional disclosure from the Company.

The Reporting Persons may from time to time and at any time, acquire additional shares.  They reserve the right to dispose of any or all of their securities in the open market or otherwise, at any time and from time to time, and to engage in any hedging or similar transactions with respect to the securities.
  
Item 5. Interest in Securities of the Issuer.

(a) The information regarding share ownership by Farpoint Capital Management, LLC on the cover page is incorporated here by reference.

(b) The information regarding share ownership by Farpoint Capital Management, LLC on the cover page is incorporated here by reference.

(c) Transactions effected during the previous 60 days:
 
Date
  
Shares Purchased (Sold)
  
Price Per Share
         
1/23/2014
  
           (4,000.00)
  
 $              1.65
1/24/2014
  
           (1,300.00)
  
 $              1.65
1/28/2014
  
         (16,800.00)
  
 $              1.67
1/29/2014
  
           (2,900.00)
  
 $              1.63
 
(d) Not applicable.

(e) Not applicable.
 
Item 6. Contracts, Arrangements, Understandings or Relationship

There are no contracts, arrangements, understandings or relationships (legal or otherwise) between Farpoint Capital Management, LLC hereof and any person with respect to any securities of the Company, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies.
 
 
 
Page 3 of 4 pages
 
 
 
Item 7. Material to be Filed as Exhibits.
 
Not applicable.
  
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: January 30, 2014
Farpoint Capital Management, LLC
 
 
By: /s/ Bryan P. Healey            
 
Bryan P. Healey, President
 
 

 
Page 4 of 4 pages