10-12G/A 1 universal10.htm UNIVERSAL CAPITAL MANAGEMENT 10- 12G/A Universal Capital Management 10- 12G/A

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
_________________________
 
FORM 10/A
 
(Amendment Number 2)
 
GENERAL FORM FOR REGISTRATION OF SECURITIES
 
PURSUANT TO SECTION 12(b) OR 12(g) OF
 
THE SECURITIES EXCHANGE ACT OF 1934
 

Universal Capital Management, Inc.
(Exact Name of Registrant as Specified in Its Charter)
 

Delaware
  
20-1568059
(Sate or Other Jurisdiction of
Incorporation or Organization)
  
(I.R.S. Employer
Identification No.)
 
2601 Annand Drive, Suite 16, Wilmington, DE 19808
(Address of Principal Executive Office)

Registrant’s telephone number, including area code:
(302) 998-8824

Securities to be registered pursuant to Section 12(b) of the Act:

Title of Each Class
to be so registered
  
Name of Each Exchange on Which
Each Class is to be Registered
     
     
     

Securities to be registered pursuant to Section 12(g) of the Act:

 
Common Stock Par Value $0.001 per share
(Title of Class)
 
(Title of Class)
 

 

 

Universal Capital Management, Inc. (the “Company”) hereby amends its Registration Statement on Form 10 as follows:
 
Item 1, Business, is hereby amended by deleting the information under the subheading “Portfolio Securities” and replacing it with the following:
 
The Company’s investments at January 31, 2005 were as follows:


 
 
Name
of
Company(a)
  
Common
Shares
Owned 
  
 
Approximate Percentage of Class Owned 
  
 
Fair
Value 
  
 
Percentage
of all
Portfolio
Company
 Values 
  
Valuation
Methodology(c)  
  
GelStat Corporation
    
150,000
    
1.7
%
$
600,000
    
52.9
%
  
C
  
PSI-TEC Holdings, Inc.
    
587,500
    
2.9
%
  
458,250
    
40.4
%
  
C
  
FundraisingDirect.com, Inc.
    
5,000
    
1.1
%
  
8,333
    
0.7
%
  
A
  
Neptune Industries, Inc.
    
285,714
    
0.3
%
  
68,571
    
6.0
%
  
C
  
                                 
TOTAL
               $ 1,135,154    
100.0
%
  
                             
(a)  A brief description of each portfolio company appears on the following pages of this Amended Registration Statement.
(b)
The Company’s valuation policy and the description of the various valuation methodologies appear following the descriptions of the portfolio companies beginning at page 7 of this Amended Registration Statement; the letter designation of valuation methodology in the table corresponds to the designation on such methodology description.
 

 

 
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The Company’s investments at April 30, 2005 were as follows:
 

Name
of
Company(a)
    
Common
Shares
Owned 
 
 
Approximate Percentage
 of
Class Owned 
 
 
Fair Value 
 
 
Percentage
of all
Portfolio Company Values 
 
 
Valuation
Methodology (b) 
  
 
GelStat Corporation
    
221,429
    
1.6
%
$
303,358
    
10.9
%
  
C
  
PSI-TEC Holdings, Inc.
    
587,500
    
2.9
%
  
2,232,500
    
80.2
%
  
C
  
FundraisingDirect.com, Inc.
    
5,000
    
1.1
%
  
8,333
    
0.3
%
  
A
  
Neptune Industries, Inc.
    
285,714
    
0.3
%
  
34,285
    
1.2
%
  
C
  
Theater Xtreme Entertainment Group, Inc.
    
575,000
   
4.9
%
  
201,250
    
7.2
%
  
B
  
BF Acquisition Group III, Inc.
    
75,000
    
7.7
%
  
1,625
    
0.1
%
  
A
  
BF Acquisition Group V, Inc.
    
100,000
    
9.9
%
  
1,625
    
0.1
%
  
A
  
TOTAL
              
$
2,782,976
    
100.0
%
                           
(a)  A brief description of each portfolio company appears on the following pages.
(b)
The Company’s valuation policy and the description of the various valuation methodologies appear following the descriptions of the portfolio companies beginning on page 7 of this Amended Registration Statement; the letter designation of valuation methodology in the table corresponds to the designation on such methodology description.
 

 
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Item 10, Recent Sales of Unregistered Securities, is hereby amended and restated in its entirety to read as follows:
 
Unregistered Securities Issued or Sold Within One Year.
 
The issuer issued or sold the following shares of Common Stock, Par Value $0.001 per share within the past year:
 
Date of Sale
  
Number of
Shares Sold (a)
  
 
 
Purchasers
  
Consideration
Paid per
Share (b)
  
Securities Act
Exemption
 Claimed
  
                   
August 16, 2004
    
3,300,000
    
Founders
  
$
0.001
    
§ 4(2)
(c)
                           
September 1, 2004
    
152,600
    
Seed Money Purchasers
  
$
0.50
    
§ 4(2)
(c)
                           
October 1, 2004
    
300,000
    
Single Investor
  
$
1.00
    
§ 4(2)
(c)
                           
October 21, 2004
 through
June 20, 2005
    
372,000
    
22 Investors
  
$
0.50 - $1.00
    
§ 4(2
)
                           
March 31, 2005
    
462,500
    
Former
Shareholders of
 BF Acquisition
Group IV, Inc.
    
(d
)
  
§ 4(2
)
                           
March 1, 2005 through
April 30, 2005
    
234,600
    
Investors
  
$
2.00
    
§ 3(b) and (c
)
                           
May 1, 2005
through
June 20, 2005
    
112,950
    
Investors
  
$
2.00
    
§ 3(b) and (c
)
     
4,934,650
                    

__________________________
(a)
No underwriter or broker-dealer participated in the sale.
(b)
All proceeds were used to invest in portfolio companies or to pay routine operating expenses.
(c) All sales, even if aggregated, comply with the safe harbor of Rule 506 promulgated under the Securities Act of 1933.
(d) 925,000 shares of the common stock of BF Acquisition Group IV, Inc.
 

 
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SIGNATURES
 

 
Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement amendment to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
Universal Capital Management, Inc.
   
Date: July 21, 2005
By:       /s/ Michael D. Queen                      
 
Michael D. Queen, President

 
 
 
 
 
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