SPANISH BROADCASTING SYSTEMS, INC.
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(Name of Issuer)
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Class A Class A Common Stock, Par Value $0.0001 per share
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(Title of Class of Securities)
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846425833
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(CUSIP Number)
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Name, Address and Telephone Number of Person
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Authorized to Receive Notices and Communications)
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March 1, 2018
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Date of Event which Requires Filing of this Statement)
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CUSIP NO. 846425833
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SCHEDULE 13D
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1
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NAME OF REPORTING PERSON
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S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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BLUESTONE FINANCIAL LTD .
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☒
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
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WC
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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BRITISH VIRGIN ISLANDS (BVI)
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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604,776 Shares
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8
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SHARED VOTING POWER
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0
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9
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SOLE DISPOSITIVE POWER
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604,776 Shares
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10
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SHARED DISPOSITIVE POWER
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0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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604,776 Shares
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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☐
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
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14.51%
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14
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TYPE OF REPORTING PERSON
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FI
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Item 1. |
Security and Issuer
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Item 2. |
Identity and Background
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a) |
Bluestone Financial LTD (“Bluestone Reporting Person”)
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b) |
The purpose of the business of the Bluestone Reporting person is Financial Investing. The Bluestone Reporting Person is a Limited Company incorporated under the laws of Bristish virgin Islands. David Tomasello is the Managing Director of the Bluestone Reporting Person.
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c) |
The address(es) of the Bluestone Reporting Person is: Vanterpool Plaza, 2ndFloor, Wickhams Cay I, Road Town, Tortola, British Virgin Islands.
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d) |
None
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e) |
None
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f) |
Organized in BVI
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Item 3. |
Source and Amount of Funds or Other Consideration
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Item 4. |
Purpose of Transaction
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Item 5. |
Interest in Securities of the Issuer
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a) |
As indicated in the Form 10Q , filed by the Company with the Securities and Exchange Commission As of November 6, 2017 there were 4,166,991 shares of Class A common stock.
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b) |
As of the date of this Schedule D: The Bluestone Reporting Person owns 604.776 shares of Class A Common Stock which is approximately 14.51% of the total shares of the Company’s Class A Common Stock calculated in accordance with Rule d-3 promulgated under the Securities Act of 1934
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Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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Item 7. |
Material to Be Filed as Exhibits.
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Date: March 1, 2018
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s/ David Tomasello
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David Tomasello, as Managing Director of Bluestone Financial LTD
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