-----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, MMfbxZbJxw8byKcGRV4KeGik/bNoDbdLK5+0CrXTF8DMGDvhO0eSwxct4V1D5u8G mMTgzkxdHRu1OvtWLe1Cgg== 0000950134-03-014245.txt : 20031031 0000950134-03-014245.hdr.sgml : 20031031 20031031120034 ACCESSION NUMBER: 0000950134-03-014245 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031031 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BISHOP DANIEL L CENTRAL INDEX KEY: 0001211971 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3811 21ST STREET CITY: RACINE STATE: MN ZIP: 53405 BUSINESS PHONE: 6124928815 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EQUITEX INC CENTRAL INDEX KEY: 0000716101 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 840905189 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41199 FILM NUMBER: 03968821 BUSINESS ADDRESS: STREET 1: 7315 E PEAKVIEW AVE STREET 2: GREENWOOD EXECUTIVE PARK BLDG 8 CITY: ENGLEWOOD STATE: CO ZIP: 80111 BUSINESS PHONE: 3037968940 MAIL ADDRESS: STREET 1: 7315 EAST PEAKVIEW AVENUE CITY: ENGLEWOOD STATE: CO ZIP: 80111-6701 SC 13D/A 1 c80505a1sc13dza.txt AMENDMENT NO. 1 TO SCHEDULE 13D -------------------------------- OMB APPROVAL OMB Number 3235-0134 Expires: December 31, 2005 Estimated average burden hours per response. . . 11 -------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1 )* EQUITEX, INC. ------------------------------------------------------------ (Name of Issuer) Common Stock, $.02 par value ------------------------------------------------------------ (Title of Class of Securities) 294592 30 8 ------------------------------------------- (CUSIP Number) Daniel L. Bishop 3811 21ST Street Racine, Wisconsin 53405 With a copy to: William M. Mower, Esq. Maslon Edelman Borman & Brand, LLP 3300 Wells Fargo Center 90 South Seventh Street Minneapolis, MN 55402-4140 Phone: (612) 672-8200 ------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized To Receive Notices and Communications) October 17, 2003 (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 that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 240.13d-7 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). CUSIP NO. 294592 30 8 Page 2 of 6 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Daniel L. Bishop - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] (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 United States of America - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 6,227,908 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 179,700 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 6,227,908 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 179,700 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,407,608 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 20.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Page 3 of 6 Pages ITEM 1. SECURITY AND ISSUER This statement relates to the common stock, $.02 par value, of Equitex, Inc., a Delaware corporation ("Equitex"). The address of Equitex's principal executive offices is 7315 East Parkview Avenue, Englewood, CO 80111. ITEM 2. IDENTITY AND BACKGROUND This Amendment to Schedule 13D is being filed by Daniel Bishop. Mr. Bishop's business address is 3811 21st Street, Racine, WI 53405. Mr. Bishop is a private investor. During the last five years, Mr. Bishop has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) 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. Mr. Bishop is a citizen of the United States of America. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Not applicable. ITEM 4. PURPOSE OF TRANSACTION The shares of Equitex subject to this Statement are held by the Reporting Person solely for investment purposes. Although the Reporting Person has not formulated any other definitive plan, he may from time to time acquire, or dispose of, common stock and/or other securities of the Company if and when he deems it appropriate. The Reporting Person may formulate other purposes, plans or proposals relating to any of such securities of the Company to the extent deemed advisable in light of market conditions, investment policies and other factors. Except as indicated in this Statement, the Reporting Person has no current plans or proposals which would relate to or would result in any of the matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Page 4 of 6 Pages ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER a.- b. Mr. Bishop beneficially owns 6,407,608 shares. (Includes warrants to purchase 280,000 shares). Also includes 82,500 shares owed jointly with Kelly Hanson; 71,200 shares owned jointly with Mackenzie Bishop; and 26,000 shares owned jointly with Ben Bishop. Also includes shares owned by the following entities, all of which are affiliates of the Reporting Person: 1,097,099 shares owned by Discount Video Liquidators, Inc. (includes up to 750,000 shares issuable upon conversion of Series J Convertible Preferred Stock) 472,450 shares owned by General Merchandise Liquidators, Inc. 49,800 shares owned by Special Video Inc. 515,600 shares owned Superb Video II, Inc. 8,500 shares owned by Superb Video Two, Inc. 122,700 shares owned by Supreme Video, Inc. 779,600 shares owned by Tee & Bee Inc. (includes up to 500,000 shares issuable upon conversion of Series J Convertible Preferred Stock) According to the Company's Form 10-QSB the number of shares outstanding as of August 19, 2003 was 29,361,156. Accordingly, based upon this information Mr. Bishop is the beneficial owner of 20.7% of the outstanding shares. Page 5 of 6 Pages c. TRANSACTIONS WITHIN THE LAST 60 DAYS
OPEN MARKET OR DANIEL BISHOP ENTITIES DATE ACQUIRED NO. OF SHARES PRICE PRIVATE PLACEMENT Dan Bishop (Individually) 9/30/03 230,000 $0.69 Warrant Exercise 9/30/03 200,000 $0.69 Warrant Exercise 10/3/03 10,000 $1.02 Open Market 10/3/03 15,100 $0.94 Open Market 10/6/03 58,056 $0.94 Open Market 10/7/03 3,200 $0.95 Open Market 10/17/03 578,699 $1.00 Private Purchase 10/20/03 5,000 $0.94 Open Market Dan Bishop & Kelly Hanson Jt Ten 10/23/03 53,000 $0.94 Open Market Dan Bishop & MacKenzie Bishop Jt Ten 10/27/03 50,000 $0.94 Open Market Discount Video Liquidator, Inc. 9/30/03 30,000 $0.39 Warrant Exercise 10/17/03 200,699 $0.78 Private Purchase Tee & Bee Inc. 9/30/03 20,000 $0.38 Warrant Exercise
The above acquisitions consisted of exercise of previously held warrants, open market purchases and private transactions with the Issuer. d. Not applicable. e. Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS WITH RESPECT TO SECURITIES OF THE ISSUER None. Page 6 of 6 Pages 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: October 31, 2003 /s/ Daniel L. Bishop -------------------------------- Daniel L. Bishop -----END PRIVACY-ENHANCED MESSAGE-----