-----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, M9zAo/n9fbK0OkYM6NHBBnx1AU1MWVNTBrjtXngcBIzV8ThydaHP/CwbK4zE7R54 i7KY5DsMSbE4jeNqDgpQ2g== 0001193805-08-000587.txt : 20080214 0001193805-08-000587.hdr.sgml : 20080214 20080214103740 ACCESSION NUMBER: 0001193805-08-000587 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 GROUP MEMBERS: CAMOFI MASTER LDC GROUP MEMBERS: CENTRECOURT ASSET MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: National Investment Managers Inc. CENTRAL INDEX KEY: 0000770461 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 592091510 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80568 FILM NUMBER: 08609431 BUSINESS ADDRESS: STREET 1: 420 LEXINGTON AVENUE, SUITE 2420 CITY: NEW YORK STATE: NY ZIP: 10170 BUSINESS PHONE: (212) 389-7832 MAIL ADDRESS: STREET 1: 420 LEXINGTON AVENUE, SUITE 2420 CITY: NEW YORK STATE: NY ZIP: 10170 FORMER COMPANY: FORMER CONFORMED NAME: FAST EDDIE RACING STABLES INC DATE OF NAME CHANGE: 19960820 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Smithline Richard CENTRAL INDEX KEY: 0001299981 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: BUSINESS PHONE: (212)922-2086 MAIL ADDRESS: STREET 1: 830 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 e603358_sc13ga-national.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) Amendment No. 3 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 National Investment Managers, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 par value per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 63654V-10-8 - -------------------------------------------------------------------------------- (CUSIP Number) February 14, 2008 - -------------------------------------------------------------------------------- (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 disclosures provided in a prior cover page. The information required on 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. 63654V-10-8 13G ================================================================================ 1. NAME OF REPORTING PERSONS S.S. NO. OF ABOVE PERSONS Richard Smithline - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 2,205,570* ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 2,205,570* WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,205,570* - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.97%* - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- ================================================================================ CUSIP No. 63654V-10-8 13G ================================================================================ 1. NAME OF REPORTING PERSONS S.S. NO. OF ABOVE PERSONS Centrecourt Asset Management LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 2,155,570* ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 2,155,570* WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,155,570* - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.83%* - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON IA - -------------------------------------------------------------------------------- ================================================================================ CUSIP No. 63654V-10-8 13G ================================================================================ 1. NAME OF REPORTING PERSONS S.S. NO. OF ABOVE PERSONS CAMOFI Master LDC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 2,113,499* ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER2 REPORTING PERSON 2,113,499* WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,113,499* - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.72%* - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- Item 1. (a) Name of Issuer: National Investment Managers, Inc. (b) Address of Issuer's Principal Executive Offices: 420 Lexington Avenue, Suite 2420 New York, New York 10170 Item 2. (a) Name of Person Filing: This Schedule 13G is being filed with respect to shares of Common Stock of the Issuer which are beneficially owned by Richard Smithline ("Mr. Smithline"), Centrecourt Asset Management LLC ("Centrecourt") and CAMOFI Master LDC ("CAMOFI") (collectively, the "Reporting Persons"). The Reporting Persons are making a joint filing because they may be deemed a group pursuant to Section 13 of the Securities Exchange Act of 1934, as amended. The Reporting Persons do not affirm the existence of such a group. (b) Address of Principal Business Office or, if none, Residence: The principal business address of each of Mr. Smithline and Centrecourt is: 350 Madison Avenue, 8th Floor New York, NY 10017 The principal business address of CAMOFI is: 90 Fort Street, 5th Floor Box 32021 SMB Grand Cayman, Cayman Islands (c) Citizenship: Mr. Smithline is a United States citizen. Centrecourt is organized and existing in Delaware. CAMOFI is organized and existing in the Cayman Islands. (d) Title of Class of Securities: Common Stock, $0.001 par value per share. (e) CUSIP Number: 63654V-10-8 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: (a) |_| Broker or dealer registered under Section 15 of the Exchange Act. (b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act. (c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) |_| Investment company registered under Section 8 of the Investment Company Act. (e) |_| Investment adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E). (f) |_| Employee benefit plan or endowment fund in accordance with Sec. 240.13d-1(b)(1)(ii)(F). (g) |_| Parent holding company, in accordance with Sec. 240.13d-1(b)(ii)(G). (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) |_| A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) |_| Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Sec. 240.13d-1(c), check this box |X|. Item 4. Ownership: (a) Amount Beneficially Owned: Mr. Smithline: 2,205,570* shares of Common Stock comprised of (i) 40,000 shares of Common Stock held by Mr. Smithline, (ii) 10,000 shares of Common Stock held by Mr. Smithline as Custodian for his minor children, (iii) 42,071 shares of Common Stock held by Centrecourt, (iv) 1,745,852 shares of Common Stock issuable within 60 days upon the conversion of shares of convertible preferred stock held by CAMOFI, and (v) 367,647 shares of Common Stock issuable within 60 days upon the exercise of a warrant held by CAMOFI. Mr. Smithline is a director of CAMOFI. Centrecourt: 2,155,570* shares of Common Stock comprised of (i) 42,071 shares of Common Stock held by Centrecourt, (ii) 1,745,852 shares of Common Stock issuable within 60 days upon the conversion of shares of convertible preferred stock held by CAMOFI, and (iii) 367,647 shares of Common Stock issuable within 60 days upon the exercise of a warrant held by Centrecourt. Centrecourt is the investment manager of CAMOFI. CAMOFI: 2,113,499* shares of Common Stock comprised of (i) 1,745,852 shares of Common Stock issuable within 60 days upon the conversion of shares of convertible preferred stock held by CAMOFI, and (iii) 367,647 shares of Common Stock issuable within 60 days upon the exercise of a warrant held by Centrecourt. (b) Percent of Class. Mr. Smithline: 5.97%* Centrecourt: 5.83%* CAMOFI: 5.72%* (c) Number of shares as to which each such person has: (i) sole power to vote or to direct the vote: Mr. Smithline: 2,205,570* Centrecourt: 2,155,570* CAMOFI: 2,113,499* (ii) shared power to vote or to direct the vote: Mr. Smithline: 0 Centrecourt: 0 CAMOFI: 0 (iii) sole power to dispose or to direct the disposition of: Mr. Smithline: 2,205,570* Centrecourt: 2,155,570* CAMOFI: 2,113,499* (iv) shared power to dispose or to direct the disposition of: Mr. Smithline: 0 Centrecourt: 0 CAMOFI: 0 *The numbers set forth above include (i) 1,745,852 shares of Common Stock issuable within 60 days upon the conversion of convertible preferred stock held by CAMOFI, and (ii) 367,647 shares of Common Stock issuable within 60 days upon the exercise of a warrant held by CAMOFI, both of which contain provisions which would prohibit the holder thereof from converting and/or exercising, as applicable, such securities, to the extent that upon such exercise, such holder, together with its affiliates, would beneficially hold more than 9.99% of the total number of shares of Common Stock then issued and outstanding (determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended), unless such holder shall have provided the issuer with 61 days' notice of the holder's waiver of such provisions. Even if the convertible preferred stock is converted in full, and the warrant is exercised in full, the Reporting Persons would beneficially own, at most, 5.97% of the issuer's issued and outstanding Common Stock as of the date hereof. Accordingly, such securities are convertible and exercisable in full as of the date hereof. However, the Reporting Persons disclaim beneficial ownership of all securities, and Mr. Smithline and Centrecourt disclaim beneficial ownership of all securities covered by this statement. The percentages used herein are based upon the securities held by the Reporting Persons as of February 7, 2008, and the number of shares of Common Stock issued and outstanding as of November 30, 2007, as reported in the issuer's Form 8-K filed with the Securities and Exchange Commission on December 4, 2007 (34,860,761 shares of Common Stock, which adds the 6,671,141 shares of Common Stock reported issued in such Form 8-K to the 28,189,620 shares of Common Stock reported outstanding as of November 13, 2007 in the issuer's Form 10-QSB for the quarter ended September 30, 2007). 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 or Control Person. See Item 4(a) above, which is incorporated by reference herein. Item 8. Identification and Classification of Members of the Group. The Reporting Persons may be deemed to constitute a group with one another pursuant to Section 13 of the Securities Exchange Act of 1934. The Reporting Persons do not affirm the existence of such a group. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. 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. 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: February 11, 2008 /s/ Richard Smithline - -------------------------------- Richard Smithline Centrecourt Asset Management LLC By: /s/ Richard Smithline ------------------------- Name: Richard Smithline Title: Managing Member CAMOFI Master LDC By: /s/ Richard Smithline ------------------------- Name: Richard Smithline Title: Director Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001). EXHIBIT A AGREEMENT JOINT FILING OF SCHEDULE 13G The undersigned hereby agree jointly to prepare and file with regulatory authorities an Amendment No. 3 to Schedule 13G and any amendments thereto reporting each of the undersigned's ownership of securities of National Investment Managers, Inc. and hereby affirm that such Amendment No. 3 to Schedule 13G is being filed on behalf of each of the undersigned. Date: February 11, 2008 /s/ Richard Smithline - -------------------------------- Richard Smithline Centrecourt Asset Management LLC By: /s/ Richard Smithline ------------------------- Name: Richard Smithline Title: Managing Member CAMOFI Master LDC By: /s/ Richard Smithline ------------------------- Name: Richard Smithline Title: Director -----END PRIVACY-ENHANCED MESSAGE-----