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Augustine Fund LP, et al. – ‘SC 13D/A’ on 10/14/09 re: Absolute Potential, Inc.

On:  Wednesday, 10/14/09, at 2:22pm ET   ·   Accession #:  1104659-9-58844   ·   File #:  5-61345

Previous ‘SC 13D’:  ‘SC 13D/A’ on 1/16/09   ·   Latest ‘SC 13D’:  This Filing

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

10/14/09  Augustine Fund LP                 SC 13D/A               2:134K Absolute Potential, Inc.          Merrill Corp-MD/FA
          Augustine Capital Management, LLC
          Brian D. Porter
          John T. Porter
          Thomas F. Duszynski

Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment to General Statement of Beneficial        HTML     80K 
                          Ownership                                              
 2: EX-1        Underwriting Agreement                              HTML     14K 


SC 13D/A   —   Amendment to General Statement of Beneficial Ownership


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934
(Amendment No. 19)*

 

Absolute Potential, Inc.

(Name of Issuer)

 

Common Stock, par value $.0001 per share

(Title of Class of Securities)

 

00388N 10 1

(CUSIP Number)

 

J. Todd Arkebauer, Esq.

Reed Smith LLP

10 S. Wacker Drive, 40th Floor

Chicago, IL  60606

(312) 207-1000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

September 30, 2009

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 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).

 



 

 

1.

Names of Reporting Persons
Augustine Fund, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Illinois

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
2,429,265

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
2,429,265

 

 

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,429,265

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
95.9%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

2



 

 

1.

Names of Reporting Persons
Augustine Capital Management, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
N/A

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
2,443,415

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
2,443,415

 

 

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,443,415

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
96.4%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

3



 

 

1.

Names of Reporting Persons
John T. Porter

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
N/A

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
2,443,415

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
2,443,415

 

 

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,443,415

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
96.4%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

4



 

 

1.

Names of Reporting Persons
Brian D. Porter

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
N/A

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
2,443,415

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
2,443,415

 

 

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,443,415

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
96.4%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

5



 

 

1.

Names of Reporting Persons
Thomas F. Duszynski

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
N/A

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
2,443,415

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
2,443,415

 

 

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,443,415

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
96.4%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

6



 

This Amendment Number 19 to Schedule 13D (the “Schedule 13D” or this “Amendment”) is filed by Augustine Fund L.P. (the “Fund”), Augustine Capital Management LLC (“Augustine”), John T. Porter, Brian D. Porter and Thomas F. Duszynski (collectively, the “Augustine Persons”).

 

Item 1.

Security and Issuer

The class of equity securities to which this Amendment relates is the Common Stock, par value $0.0001 per share (the “Common Stock” or “Shares”) of Absolute Potential, Inc., a Florida corporation (the “Company”). 

 

 

Item 2.

Identity and Background

 

 

 

 

Item 3.

Source and Amount of Funds or Other Consideration

Pursuant to a Conversion Agreement, dated May 19, 2005, between the Company and the Fund (the “Conversion Agreement”), the Fund has advanced an additional $993.25 to the Company (the “Advances”).  The Company has the right to convert the Advances into 2,483 shares of Common Stock. 

 

 

Item 4.

Purpose of Transaction

 

 

 

 

Item 5.

Interest in Securities of the Issuer

(a) As of the date of this Amendment:

 

(i)            the Fund beneficially owns 2,429,265 Shares directly;

 

(ii)           Augustine beneficially owns 14,150 Shares directly and 2,429,265 Shares indirectly as the general partner of the Fund;

 

(iii)          each of the Augustine Persons beneficially own 2,443,415 Shares indirectly as members of Augustine.

 

The number of shares beneficially owned by the Fund, Augustine and each of the Augustine Persons includes 1,929,500 Shares issuable pursuant to the Conversion Agreement in connection with conversion rights currently exercisable or exercisable within 60 days from the date hereof.

 

(b) The information contained in table form in Rows 7 through 11 on each of pages 2 through 6 hereof, which relates to the beneficial ownership, voting and disposition of Shares, is hereby incorporated by reference.

 

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

 

 

 

Item 7.

Material to be Filed as Exhibits

 

                                     Exhibit 1 – Joint Filing Agreement

 

7



 

Signatures

 

After reasonable inquiry to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this Statement with respect to such person is true, complete and correct.

 

Dated: October 13, 2009

 

 

 

AUGUSTINE FUND, L.P.

 

 

 

By: Augustine Capital Management LLC, Its General Partner

 

 

 

 

 

By:

 /s/ John T. Porter

 

 

  John T. Porter, President

 

 

 

 

 

 

 

AUGUSTINE CAPITAL MANAGEMENT LLC

 

 

 

 

 

By

 /s/ John T. Porter

 

 

  John T. Porter, President

 

 

 

 

 

 

 

 /s/ John T. Porter

 

JOHN T. PORTER, individually

 

 

 

/s/ Brian D. Porter

 

BRIAN D. PORTER, individually

 

 

 

/s/ Thomas F. Duszynski

 

THOMAS F. DUSZYNSKI, individually

 

 

8



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13D/A’ Filing    Date    Other Filings
Filed on:10/14/09
10/13/09
9/30/0910-K,  4
5/19/054,  4/A
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