-----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, Sp4slh4FYPJIu7kejauJdiY6hcjMH1MxE1NXV9v13AvwndKNUpJOXXqq0cXc0d4+ CzsKwIDIZzLHr4S/GLWdSw== 0000910680-01-000246.txt : 20010410 0000910680-01-000246.hdr.sgml : 20010410 ACCESSION NUMBER: 0000910680-01-000246 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010404 GROUP MEMBERS: BS ACQUISITION GROUP LLC GROUP MEMBERS: RUBEN AZRAK SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BIGSTAR ENTERTAINMENT INC /NY CENTRAL INDEX KEY: 0001058430 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL- COMPUTER & PRERECORDED TAPE STORES [5735] IRS NUMBER: 133995258 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-57341 FILM NUMBER: 1595298 BUSINESS ADDRESS: STREET 1: 19 FULTON ST 4TH FL CITY: NEW YORK STATE: NY ZIP: 10038 MAIL ADDRESS: STREET 1: 19 FULTON ST STREET 2: 5TH FL CITY: NEW YORK STATE: NY ZIP: 10038 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BS ACQUISITION GROUP LLC CENTRAL INDEX KEY: 0001137051 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1385 BROADWAY STREET 2: SUITE 1407 CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2122214700 MAIL ADDRESS: STREET 1: 1385 BROADWAY STREET 2: SUITE 1407 CITY: NEW YORK STATE: NY ZIP: 10018 SC 13G 1 0001.txt SCHEDULE 13G FOR BS ACQUISITION GROUP LLC SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Amendment No. 1) UNDER THE SECURITIES EXCHANGE ACT OF 1934 BigStar Entertainment, Inc. ---------------------------- (Name of Issuer) Common Stock, par value $.001 per share --------------------------------------- (Title of Class of Securities) 089896104000 ------------ (CUSIP Number) March 30, 2001 ------------------------------------------- (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 the disclosures provided in a prior cover page. The information required in 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. 089896104000 Page 2 of 8 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) BS Acquisition Group LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ---------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 900,200 WITH ---------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 900,200 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 900,200 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.27% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 089896104000 Page 3 of 8 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Ruben Azrak - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 0 OWNED BY ---------------------------------------------------- EACH 6 SHARED VOTING POWER REPORTING PERSON 900,200 WITH ---------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 900,200 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 900,200 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.27% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 089896104000 Page 4 of 8 - -------------------------------------------------------------------------------- ITEM 1. (a) Name of Issuer: BigStar Entertainment, Inc. (b) Address of Issuer's Principal Executive Offices: 19 Fulton Street Fifth Floor New York, NY 10038 ITEM 2. (a) Name of Person Filing: This statement is filed on behalf of BS Acquisition Group LLC and Ruben Azrak, the sole managing member of BS Acquisition Group LLC. (b) Address of Principal Business Office or, if none, Residence: 1385 Broadway Suite 1407 New York, NY 10018 (c) Citizenship: BS Acquisition Group LLC is a limited liability company existing under the laws of the state of Delaware, and Ruben Azrak is a citizen of the United States. (d) Title of Class of Securities: Common Stock, par value $.001 share (e) CUSIP Number: 089896104000 CUSIP No. 089896104000 Page 5 of 8 - -------------------------------------------------------------------------------- ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: Not Applicable ITEM 4. OWNERSHIP. The following is information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. BS Acquisition Group LLC has the power to vote or direct the vote, and to dispose or direct the disposition, of all of its shares of the Issuer's common stock. The management of BS Acquisition Group LLC is vested exclusively in its sole managing member, Ruben Azrak. The filing of this Schedule 13G shall not be construed as an admission by any of the filing persons that they are members of a group. (a) Amount beneficially owned: 900,200 shares. (b) Percent of class: 11.27% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0. (ii) Shared power to vote or to direct the vote: 900,200. (iii) Sole power to dispose or to direct the disposition of: 0. (iv) Shared power to dispose or to direct the disposition of: 900,200. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. 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. CUSIP No. 089896104000 Page 6 of 8 - -------------------------------------------------------------------------------- ITEM 10. CERTIFICATION 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. CUSIP No. 089896104000 Page 7 of 8 - -------------------------------------------------------------------------------- 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: April 3, 2001 BS ACQUISITION GROUP LLC By: /s/ Ruben Azrak ------------------------- Ruben Azrak Sole Managing Member /s/ Ruben Azrak ---------------------------- Ruben Azrak CUSIP No. 089896104000 Page 8 of 8 - -------------------------------------------------------------------------------- Joint Filing Agreement Pursuant to Rule 13-1(k)(1) of Regulation 13D-G under the Securities Exchange Act of 1934, as amended, the undersigned agree that the Statement on Schedule 13G to which this Exhibit is attached is filed on behalf of each of them in the capacities set forth below. Dated: April 3, 2001 BS ACQUISITION GROUP LLC /s/ Ruben Azrak --------------------------- By: Ruben Azrak Sole Managing Member /s/ Ruben Azrak --------------------------- Ruben Azrak -----END PRIVACY-ENHANCED MESSAGE-----