-----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, Q6xOlGC6tuDrph/6n6XT2ClCi8nRpBhvp6xNsUUYCHMKFgLNrTzawZtbm4MlPBVK +BDetjGY3tg/S+gaUciH3Q== /in/edgar/work/0000914190-00-000320/0000914190-00-000320.txt : 20001110 0000914190-00-000320.hdr.sgml : 20001110 ACCESSION NUMBER: 0000914190-00-000320 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001109 GROUP MEMBERS: JACK A. NORQUAL GROUP MEMBERS: JOHN L. MORGAN GROUP MEMBERS: KIRK A. MACKENZIE GROUP MEMBERS: MORGAN JOHN L GROUP MEMBERS: RUSH RIVER GROUP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GROW BIZ INTERNATIONAL INC CENTRAL INDEX KEY: 0000908315 STANDARD INDUSTRIAL CLASSIFICATION: [5900 ] IRS NUMBER: 411622691 STATE OF INCORPORATION: MN FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46803 FILM NUMBER: 757623 BUSINESS ADDRESS: STREET 1: 2400 DAHLBERG DRIVE CITY: GOLDEN VALLEY STATE: MN ZIP: 55422-4837 BUSINESS PHONE: 6125208500 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN JOHN L CENTRAL INDEX KEY: 0000900704 STANDARD INDUSTRIAL CLASSIFICATION: [ ] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O GROW BIZ INTERNATIONAL, INC. STREET 2: 4200 DAHLBERG DRIVE CITY: MINNEAPOLIS STATE: MN ZIP: 55422-4817 BUSINESS PHONE: 6128299331 MAIL ADDRESS: STREET 1: C/O GROW BIZ INTERNATIONAL, INC STREET 2: 4200 DAHLBERG DRIVE CITY: MINNEAPOLIS STATE: MN ZIP: 55422-4837 SC 13D/A 1 0001.txt GROW BIZ 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* Grow Biz International, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 908315 ---------------------------------------------------- (CUSIP Number) John L. Morgan Grow Biz International, Inc. 4200 Dahlberg Drive Minneapolis, Minnesota 55422 (763) 520-8500 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 12, 2000 ---------------------------------------------------- (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. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *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). Page 1 of 8 Pages SCHEDULE 13D
CUSIP No. 908315 Page 2 of 8 Pages - ------------- ---------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) John L. Morgan - ------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) PF - ------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Mr. Morgan is a citizen of the United States - ------------------------- --------- ------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 433,764 --------- ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 424,300 (includes 200,000 shares purchasable upon exercise of warrants) --------- ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 433,764 --------- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 424,300 (includes 200,000 shares purchasable upon exercise of warrants) - ------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 858,064 (includes 200,000 shares purchasable upon exercise of warrants) - ------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ X ] - ------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.4% - ------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - ------------- ---------------------------------------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------------------------- ---------------------------------------------- CUSIP No. 908315 Page 3 of 8 Pages - ----------------------------------------------- ---------------------------------------------- - ------------- ---------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Rush River Group LLC, a Minnesota limited liability company; FEIN: 41-1920090 - ------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC - ------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Rush River Group LLC is a Minnesota limited liability company - ------------------------- --------- ------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 420,000 (includes 200,000 shares purchasable upon exercise of warrants) --------- ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 0 --------- ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 420,000 (includes 200,000 shares purchasable upon exercise of warrants) --------- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 0 - ------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 420,000 (includes 200,000 shares purchasable upon exercise of warrants) - ------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ X ] - ------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5% - ------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - ------------- ---------------------------------------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------------------------- ---------------------------------------------- CUSIP No. 908315 Page 4 of 8 Pages - ----------------------------------------------- ---------------------------------------------- - ------------- ---------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Kirk A. MacKenzie - ------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) PF - ------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Mr. MacKenzie is a citizen of the United States - ------------------------- --------- ------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 70,000 --------- ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 420,000 (includes 200,000 shares purchasable upon exercise of warrants) --------- ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 70,000 --------- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 420,000 (includes 200,000 shares purchasable upon exercise of warrants) - ------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 490,000 (includes 200,000 shares purchasable upon exercise of warrants) - ------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ X ] - ------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.8% - ------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - ------------- ---------------------------------------------------------------------------------------------------------------- SCHEDULE 13D - ----------------------------------------------- ---------------------------------------------- CUSIP No. 908315 Page 5 of 8 Pages - ----------------------------------------------- ---------------------------------------------- - ------------- ---------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jack A. Norqual - ------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) PF - ------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Mr. Norqual is a citizen of the United States - ------------------------- --------- ------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 70,000 --------- ------------------------------------------------------------------------------------------ 8 SHARED VOTING POWER 420,000 (includes 200,000 shares purchasable upon exercise of warrants) --------- ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 70,000 --------- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 420,000 (includes 200,000 shares purchasable upon exercise of warrants) - ------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 490,000 (includes 200,000 shares purchasable upon exercise of warrants) - ------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ X ] - ------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.8% - ------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - ------------- ----------------------------------------------------------------------------------------------------------------
Item 1. Security and Issuer. This Schedule 13D (the "Statement") relates to the Common Stock, no par value per share (the "Common Stock"), of Grow Biz International, Inc., a Minnesota corporation (the "Company"). The principal executive office of the Company is located at 4200 Dahlberg Drive, Minneapolis, MN 55422-4837. Item 2. Identity and Background. No change. Item 3. Source and Amount of Funds or Other Consideration. On August 1, 2000, the Company issued to Rush River Group LLC ("Rush River") a warrant to purchase 200,000 shares of Common Stock of the Company at an exercise price of $2.00 per share. The warrant was acquired for investment purposes in a privately negotiated transaction. The Warrant became exercisable in October 2000. From August 1, 2000 through November 11, 2000, John L. Morgan acquired 11,464 shares in the open market using personal funds in the total amount of approximately $47,602.25. Item 4. Purpose of Transaction. The Company issued a warrant to purchase 200,000 shares of Common Stock to Rush River in consideration of Rush River providing a credit facility to the Company. John L. Morgan and Rush River acquired the shares and warrant to purchase shares of Common Stock that are the subject of this Schedule 13D/A for investment purposes. The Reporting Persons may, individually or collectively, increase their investments in the Company through the acquisition of additional shares of Common Stock in the open market or otherwise, subject to availability at prices deemed favorable by them. Alternatively, they may decide to sell any or all of the shares of Common Stock beneficially owned by them in the open market or otherwise. The foregoing represents the range of activities presently contemplated by the Reporting Persons. Their plans, proposals and activities are subject to change at any time depending on, among other things, the actions of the Company's Board of Directors, the Company's performance and conditions in the public securities markets. Except as set forth above, none of the Reporting Persons has any present plans or intentions that would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. (a) Set forth below are the shares of Common Stock of the Company beneficially owned by each of the Reporting Persons and the percentage of the total outstanding shares as of the date of this filing. The foregoing percentage is based upon 5,386,433 shares of Common Stock outstanding on November 6, 2000, as set forth in the Company's Quarterly Report on Form 10-Q for the quarter ended September 23, 2000. Percentage of Total Reporting Person No. Shares Owned Shares Outstanding John L. Morgan 858,064*,** 15.4% Rush River Group LLC 420,000*** 7.5% Kirk A. MacKenzie 490,000* 8.8% Jack A. Norqual 490,000* 8.8% - ---------------- * Includes beneficial ownership of shares and warrant held by Rush River Group LLC. ** Includes 4,300 shares held by Sheila Morgan, his wife, for which he disclaims beneficial ownership. *** Includes warrant to purchase 200,000 shares of Common Stock. (b) With the exception of 4,300 shares held by Sheila Morgan, his wife, Mr. Morgan has the sole power to vote and dispose of the shares of Common Stock which he beneficially owns. Mr. Morgan also has shared voting and dispositive power, together with Messrs. MacKenzie and Norqual, over the shares of the Company beneficially owned by Rush River, due to their respective positions as members of the LLC. Rush River holds 220,000 shares of record and a warrant to purchase 200,000 shares of the Company and shares voting and dispositive power to vote or dispose of such shares with each of the other Reporting Persons. Each of Messrs. Morgan, MacKenzie and Norqual disclaim any beneficial ownership of the shares held by the other persons, either individually or in their respective capacities as members of Rush River. Mr. Morgan disclaims beneficial ownership with respect to the 4,300 shares held by Sheila Morgan, his wife. (c) Transactions in the Common Stock effected by Rush River since the most recent filing on Schedule 13D are as set forth in Item 3 above. John L. Morgan made the following open market purchases since the most recent filing on Schedule 13D: Purchase Price Trade Date No. of Shares Per Share 8/1/00 500 $4.00 8/1/00 500 $4.125 8/9/00 2,200 $4.25 8/21/00 1,000 $4.00 8/22/00 2,000 $4.00 8/23/00 600 $4.00 8/24/00 139 $4.00 10/27/00 200 $4.25 11/3/00 4,000 $4.25 11/6/00 325 $4.25 Other than as described above, the Reporting Persons have not effected any transactions in the securities of the Company since the most recent filing on Schedule 13D. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. No change. Item 7. Material to be Filed as Exhibits. None. 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: November 7, 2000. /s/ John L. Morgan John L. Morgan, individually Rush River Group LLC By: /s/ John L. Morgan John L. Morgan Its: Member /s/ Kirk A. MacKenzie Kirk A. MacKenzie, individually /s/ Jack A. Norqual Jack A. Norqual, individually -----END PRIVACY-ENHANCED MESSAGE-----