0001213900-20-008399.txt : 20200401 0001213900-20-008399.hdr.sgml : 20200401 20200401181916 ACCESSION NUMBER: 0001213900-20-008399 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200330 FILED AS OF DATE: 20200401 DATE AS OF CHANGE: 20200401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Alimco Financial Corp CENTRAL INDEX KEY: 0001763340 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-14818 FILM NUMBER: 20766791 BUSINESS ADDRESS: STREET 1: 2336 S.E. OCEAN BOULEVARD SUITE 400 CITY: STUART STATE: FL ZIP: 34996 BUSINESS PHONE: 561-287-5399 MAIL ADDRESS: STREET 1: 2336 S.E. OCEAN BOULEVARD SUITE 400 CITY: STUART STATE: FL ZIP: 34996 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TRANS WORLD ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000795212 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL- COMPUTER & PRERECORDED TAPE STORES [5735] IRS NUMBER: 141541629 STATE OF INCORPORATION: NY FISCAL YEAR END: 0202 BUSINESS ADDRESS: STREET 1: 38 CORPORATE CIRCLE CITY: ALBANY STATE: NY ZIP: 12203 BUSINESS PHONE: 5184521242 MAIL ADDRESS: STREET 1: 38 CORPORATE CIRCLE CITY: ALBANY STATE: NY ZIP: 12203 FORMER COMPANY: FORMER CONFORMED NAME: TRANS WORLD MUSIC CORP DATE OF NAME CHANGE: 19920703 4 1 ownership.xml X0306 4 2020-03-30 0 0000795212 TRANS WORLD ENTERTAINMENT CORP TWMC 0001763340 Alimco Financial Corp 2336 SE OCEAN BLVD SUITE 400 STUART FL 34996 0 0 0 1 See Remarks Common Stock 25685 D Warrant for Common Stock 0.01 2020-03-30 4 P 0 1 A 2020-03-30 2025-03-31 Common Stock 127208 1 I By Alimco Re Ltd. Reflects the effect of a 20-to-1 reverse stock split by Trans World Entertainment Corporation ("Trans World") of its common stock. The reported transaction involved the acquisition by Alimco Re Ltd. of a warrant to purchase a total of 127,208 shares of Trans World common stock at a price equal to $0.01 per share (the "Warrant"). Alimco Re Ltd. is a wholly-owned subsidiary of Alimco Financial Corporation ("Alimco"). Alimco may be deemed to have voting and dispositive control over shares held by Alimco Re Ltd. Alimco disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein. This filing shall not be deemed an admission that Alimco is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing. Alimco Re Ltd. acquired the Warrant in connection with a $2,718,000 secured term loan made on March 30, 2020 by Alimco Re Ltd. to Etailz Inc., a wholly-owned subsidiary of Trans World. Alimco and Mr. Neil S. Subin ("Mr. Subin"), who succeeded to the position of President and Manager of MILFAM LLC, which serves as manager, general partner, or investment advisor of a number of entities formerly managed or advised by the late Lloyd I. Miller, III., and also serves as trustee of a number of Miller family trusts, may be deemed to constitute a "group" for purposes of Section 13(d) the Exchange Act. Alimco and Mr. Subin respectively disclaim (i) the existence of, and membership in, a "group" within the meaning of Section 13(d)(3) of the Exchange Act and Rule 13d-5(b) thereunder, and (ii) beneficial ownership of the securities reported by the other reporting person. The shares of Common stock ("Shares") reported by Alimco in in this filing do not include Shares reported separately by Mr. Subin. /s/ Jonathan Marcus, Chief Executive Officer 2020-04-01