SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FIREBRAND FINANCIAL GROUP INC

(Last) (First) (Middle)
275 MADISON AVENUE
27TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QUERYOBJECT SYSTEMS CORP [ QOBJ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/17/2008 C 1,924,683(1) A $0.003 4,698,741 I Held by Dalewood Associates, L.P.
Common Stock 205,784 D
Common Stock 799,229 I Held by EarlyBirdCapital, Inc.
Common Stock 230,559 I Held by David M. Nussbaum
Common Stock 20,578 I Held by Steven Levine
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Senior Convertible Note $0.003 06/17/2008 C $5,774.05(1) 06/28/2007 05/19/2009 Common Stock 1,924,683 $0 $64,000 I Held by Dalewood Associates, L.P.
1. Name and Address of Reporting Person*
FIREBRAND FINANCIAL GROUP INC

(Last) (First) (Middle)
275 MADISON AVENUE
27TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
1. Name and Address of Reporting Person*
DALEWOOD ASSOCIATES LP

(Last) (First) (Middle)
275 MADISON AVENUE
27TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
1. Name and Address of Reporting Person*
EARLYBIRDCAPITAL INC

(Last) (First) (Middle)
275 MADISON AVENUE
27TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
1. Name and Address of Reporting Person*
NUSSBAUM DAVID M

(Last) (First) (Middle)
275 MADISON AVENUE
27TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Levine Steven

(Last) (First) (Middle)
275 MADISON AVENUE
27TH FLOOR

(Street)
NEW YORK NY 10016

(City) (State) (Zip)
Explanation of Responses:
1. On June 17, 2008, Dalewood Associates, L.P. converted $5,774.05 of accumulated interest on the Senior Convertible Note held by it into 1,924,683 shares of the Issuer's common stock at a conversion price of $.003 per share.
Remarks:
The reporting persons are: Firebrand Financial Group, Inc. ("FFGI"), EarlyBirdCapital, Inc. ("EBC"), Dalewood Associates, L.P. ("Dalewood LP"), David M. Nussbaum ("Nussbaum") and Steven Levine ("Levine"). FFGI is the majority shareholder of EBC Holdings, Inc. ("EBCH"). EBCH is the sole shareholder of EBC and the sole shareholder of Dalewood Associates, Inc. ("Dalewood Inc."). Dalewood Inc. is the general partner of Dalewood LP. Nussbaum is the Chairman of FFGI, EBCH, EBC and Dalewood Inc. Levine is the President and Chief Executive Officer of FFGI and EBCH, the Vice Chairman, Chief Executive Officer, President and Managing Director of Investment Banking of EBC and Chief Executive Officer of Dalewood Inc. Each reporting person herein disclaims beneficial ownership of the reported securities except to the extent of each reporting person's pecuniary interest therein.
/s/ Firebrand Financial Group, Inc., by Steven Levine, President 06/18/2008
/s/ Dalewood Associates, L.P., by Dalewood Associates, Inc., General Partner, by Steven Levine, Chief Executive Officer 06/18/2008
/s/ EarlyBirdCapital, Inc., by Steven Levine, Chief Executive Officer 06/18/2008
/s/ David M. Nussbaum 06/18/2008
/s/ Steven Levine 06/18/2008
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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