-----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, InRQfqvAmw9GhvN5DeIZjTLrALYXT1ggGTZJNfiUxNfLNDCiUdkKmRAc/HDTpN+A SWoLZudGXXryhySbbAnxAw== 0000919567-99-000044.txt : 19990615 0000919567-99-000044.hdr.sgml : 19990615 ACCESSION NUMBER: 0000919567-99-000044 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990610 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FORTUNE NATURAL RESOURCES CORP CENTRAL INDEX KEY: 0000038242 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 954114732 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-39526 FILM NUMBER: 99643654 BUSINESS ADDRESS: STREET 1: 515 WEST GREENS ROAD STREET 2: SUITE 720 CITY: HOUSTON STATE: TX ZIP: 77067 BUSINESS PHONE: 7138721170 MAIL ADDRESS: STREET 1: 515 WEST GREENS ROAD STREET 2: SUITE 720 CITY: HOUSTON STATE: TX ZIP: 77067 FORMER COMPANY: FORMER CONFORMED NAME: FORTUNE PETROLEUM CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RENAISSANCE CAPITAL GROWTH & INCOME FUND III INC CENTRAL INDEX KEY: 0000919567 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 752533518 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 8080 N CENTRAL EXPRWY STREET 2: STE 210 LB59 CITY: DALLAS STATE: TX ZIP: 75206 BUSINESS PHONE: 2148918294 MAIL ADDRESS: STREET 1: 8080 N CENTRAL EXPWY., SUITE 210 LB 59 CITY: DALLAS STATE: TX ZIP: 75206 SC 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) Fortune Natural Resources Corporation _____________________________________________________________________________ (Name of Issuer) Common Stock _____________________________________________________________________________ (Title of Class of Securities) 349681106 __________________________ (CUSIP Number) 13G CUSIP No. 349681106 _____________________________________________________________________________ 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. Renaissance Capital Growth and Income Fund III, Inc. 75-2533518 _____________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) _____________________________________________________________________________ 3. SEC USE ONLY _____________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Texas _____________________________________________________________________________ NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: _____________________________________________________________________________ 5. SOLE VOTING POWER 1,061,571 shares _____________________________________________________________________________ 6. SHARED VOTING POWER None _____________________________________________________________________________ 7. SOLE DISPOSITIVE POWER 1,061,571 shares _____________________________________________________________________________ 8. SHARED DISPOSITIVE POWER None _____________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,061,571 shares _____________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not applicable _____________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.01% _____________________________________________________________________________ 12. TYPE OF REPORTING PERSON IV _____________________________________________________________________________ ITEM 1. (a) Name of Issuer. Fortune Natural Resources Corporation ("Company") (b) Address of Issuer's principal Executive Offices 515 West Greens Road, Suite 720 Houston, TX 77067 ITEM 2. (a) Name of Person Filing Renaissance Capital Growth and Income Fund III, Inc. ("Filer") (b) Address of principal Business Office or, if none, Residence 8080 North Central Expwy., Suite 210, LB 59 Dallas, TX 75206-1857 (c) Citizenship Texas (d) Title of Class of Securities Common Stock (e) CUSIP Number 75966V105 ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) ______ Broker or Dealer registered under Section 15 of the Act (b) ______ Bank as defined in section 3(a)(6) of the Act (c) ______ Insurance Company as defined in section 3(a)(19) of the Act (d) X Investment Company registered under section 8 of the Investment ______ Company Act (e) ______ Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f) ______ Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F) (g) ______ Parent Holding Company, in accordance with section 240.13d-1(b) (ii)(G)(Note: See Item 7) (h) ______ Group, in accordance with section 240.13d-1(b)(1)(ii)(H) ITEM 4. Ownership. (a) Amount Beneficially Owned: At December 31, 1998, Renaissance Capital Growth & Income Fund III, Inc. ("Renaissance III") owned a $350,000 12% Convertible Subordinated Promissory Note due December 31, 2007, convertible at $3.00 per share. On May 1, 1999, the conversion price was reset on this promissory note to $0.3297 per share. Thus the Filer owns 1,061,571 shares of the Company's common stock on a fully converted basis. The promissory note is convertible within sixty days. (b) Percent of Class 8.01% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,061,571 shares (ii) shared power to vote or to direct the vote: None (iii) sole power to dispose or to direct the disposition of: 1,061,571 shares (iv) shared power to dispose or to direct the disposition of: None 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: 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 acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. Date: June 9, 1999 /S/ ___________________________________________ Signature Russell Cleveland, President and CEO Renaissance Capital Growth and Income Fund III, Inc. ___________________________________________ Name and Title -----END PRIVACY-ENHANCED MESSAGE-----