0001144204-05-008382.txt : 20120618
0001144204-05-008382.hdr.sgml : 20120618
20050322162627
ACCESSION NUMBER: 0001144204-05-008382
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050322
DATE AS OF CHANGE: 20050322
GROUP MEMBERS: ROBERT ELLIN
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: U S WIRELESS DATA INC
CENTRAL INDEX KEY: 0000895716
STANDARD INDUSTRIAL CLASSIFICATION: CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
IRS NUMBER: 841178691
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-51455
FILM NUMBER: 05697017
BUSINESS ADDRESS:
STREET 1: 420 LEXINGTON AVENUE, SUITE 2450
CITY: NEW YORK
STATE: NY
ZIP: 10170
BUSINESS PHONE: 646-452-6128
MAIL ADDRESS:
STREET 1: 420 LEXINGTON AVENUE, SUITE 2450
CITY: NEW YORK
STATE: NY
ZIP: 10170
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Trinad Capital L.P.
CENTRAL INDEX KEY: 0001289378
IRS NUMBER: 200593276
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: 153 EAST 53RD ST.
STREET 2: 48TH FLOOR
CITY: NEW YORK
STATE: X1
ZIP: 10022
BUSINESS PHONE: 212 521 5180
MAIL ADDRESS:
STREET 1: 153 EAST 53RD ST.
STREET 2: 48TH FLOOR
CITY: NEW YORK
STATE: X1
ZIP: 10022
SC 13D
1
v014769_sc13d.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No __)*
U.S. Wireless Data, Inc.
----------------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
912 899 408
---------
(CUSIP Number)
Trinad Capital L.P.
153 East 53rd Street, 48th Floor
New York, N.Y. 10022
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
March 18, 2005
---------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box: |_|.
SCHEDULE 13D
CUSIP No. 912 899 408
---------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Trinad Capital L.P.
-------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS
OO
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) |_|
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED BY 3,720,000
EACH -------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 0
WITH ------------------------------------------------
10) SHARED DISPOSITIVE POWER
3,720,000
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,720,000
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
93%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
PN
-------------------------------------------------------------------------------
2
SCHEDULE 13D
CUSIP No. 912 899 408
---------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert Ellin
-------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
-------------------------------------------------------------------------------
3) SEC USE ONLY
-------------------------------------------------------------------------------
4) SOURCE OF FUNDS
OO
-------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) |_|
-------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
-------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8) SHARED VOTING
POWER
OWNED BY 3,720,000
EACH -------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE
POWER
PERSON 0
WITH ------------------------------------------------
10) SHARED DISPOSITIVE POWER
3,720,000
-------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,720,000
-------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|_|
-------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
93%
-------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
-------------------------------------------------------------------------------
Item 1. Security and Issuer.
The class of equity securities to which this statement relates is the
common stock, par value $0.01, (the "Common Stock") of U.S. Wireless Data, Inc.
("the Company"). The principal executive offices of the Company are located at
153 East 53rd Street, 48th Floor, New York, N.Y. 10022.
Item 2. Identity and Background.
(a) - (c) This statement is being filed jointly by Trinad Captital L.P.
("Trinad Capital") and Robert Ellin, Managing Member of Trinad Capital,
(together, the "Reporting Persons").
Trinad Capital, a Delaware limited liability partnership, is a hedge fund
dedicated to investing in micro-cap companies, whose principal place of business
is 153 East 53rd Street, 48th Floor, New York, NY 10022. Trinad Capital is a
member of GCM Security Partners, LLC ("GCM"), a Delaware limited liability
company, whose principal place of business is located at c/o Galloway Capital
Management, LLC, 1325 Avenue of the Americas, 26th Floor, New York, NY 10019.
Robert Ellin is principally employed as the General Partner, and owns 6.2%, of
Trinad Capital.
(d) - (e) The Reporting Persons have not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a 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.
The shares of Common Stock were acquired by Trinad Capital in accordance
with the Order Confirming Amended Plan of Reorganization from the United States
Bankruptcy Court for the Southern District of New York, dated December 27, 2004.
Item 4. Purpose of Transaction.
On March 26, 2004, the Company filed a petition for reorganization under
Chapter 11 of the United States Bankruptcy Code. On December 27, 2004, the
United States Bankruptcy Court for the Southern District of New York (the
"Court") confirmed its Amended Plan of Reorganization (the "Plan"). The Plan
contemplates that the primary source of cash for distributions will be the cash
contribution of Trinad Capital, L.P. ("Trinad"), the plan sponsor. Trinad has
contributed $500,000 in cash to the Company in exchange for 93% of the new
common stock issued under the Plan. Trinad will seek to raise additional capital
with a view to making the Company an attractive vehicle with which to acquire a
business. It will then seek a suitable acquisition candidate. No such business
has been identified.
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, Trinad Capital may be deemed to beneficially
own an aggregate of 3,720,000 shares of Common Stock, representing approximately
93% of the outstanding shares of Common Stock.
As of the date hereof, Robert Ellin may be deemed to beneficially own an
aggregate of 3,720,000 shares of Common Stock, representing approximately 93% of
the outstanding shares of Common Stock.
(b) Trinad Capital and Robert Ellin have shared voting power over and
shared power to dispose of 3,720,000 shares of Common Stock.
(c) Except as described above, the Reporting Persons have not effected any
transaction in shares of Common Stock during the 60 days preceding the date
hereof.
4
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships With
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
Exhibit A: Joint Filing Agreement
SIGNATURES
----------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: March 22, 2005
/s/ Robert Ellin
-------------------------------------
Robert Ellin
General Partner, Trinad Capital L.P.
/s/ Robert Ellin
-------------------------------------
Robert Ellin
Exhibit A
Agreement of Joint Filing
Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of
1934, as amended, the undersigned persons hereby agree to file with the
Securities and Exchange Commission the Statement on Schedule 13D (the
"Statement") to which this Agreement is attached as an exhibit, and agree that
such Statement, as so filed, is filed on behalf of each of them.
IN WITNESS WHEREOF, the undersigned have executed this Agreement. Dated:
March 22, 2005
By: Robert Ellin
By: /s/ Robert Ellin
---------------------------
Trinad Capital L.P.
By: /s/ Robert Ellin
---------------------------
Name: Robert Ellin
Title: General Partner