Dynamic International Inc – ‘SC 13D’ on 5/20/02 re: Dynamic International Inc

On:  Monday, 5/20/02, at 5:23pm ET   ·   Accession #:  946790-2-56   ·   File #:  5-78276

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              4     16K 

SC 13D
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SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C.  20549 

SCHEDULE 13D  
(Rule 13d-101)  

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT 
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 
RULE 13d-2(a) 

(Amendment No.            )(1)

Emergent Group, Inc.                                                            
--------------------------------------------------------------------------------
(Name of Issuer)

Common Stock, $0.001 par value                                                  
--------------------------------------------------------------------------------
(Title of Class of Securities)

29089v104                                                                       
--------------------------------------------------------------------------------
(CUSIP Number)

Martin Stein, Esq., c/o Heller, Horowitz & Feit, P.C., 292 Madison Avenue,      
New York, NY 10017              
(212) 685-7600                  
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person 
Authorized to Receive Notices and Communications) 

May 6, 2002                                                                     
--------------------------------------------------------------------------------
 (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 Rule  13d-1(e),  13d-1(f)  or  13d-1(g),  check  the
following box [_].                                                              

(Continued on following pages)
(Page 1 of    Pages)

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CUSIP No. 29089v104                  13D                   Page    of    Pages  

________________________________________________________________________________
1    NAME OF REPORTING PERSONS                                                  
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)           

Emergent Management Company, LLC - 13-4038883                                   
________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                          
                                                          (a)  [_]
                                                          (b)  [_]

________________________________________________________________________________
3    SEC USE ONLY                                                               

________________________________________________________________________________
4    SOURCE OF FUNDS*                                                           

OO                                                                              
________________________________________________________________________________
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                   
PURSUANT TO ITEMS 2(d) OR 2(e)                                   [_]  

________________________________________________________________________________
6    CITIZENSHIP OR PLACE OF ORGANIZATION                                       

Delaware                                                                        
________________________________________________________________________________
7    SOLE VOTING POWER                            

NUMBER OF                                                                   
0                                               
   SHARES      _________________________________________________________________
8    SHARED VOTING POWER                          
BENEFICIALLY                                                                    

OWNED BY      0                                                             
               _________________________________________________________________
EACH       9    SOLE DISPOSITIVE POWER                                  

REPORTING                                                                   
0                                               
   PERSON      _________________________________________________________________
10   SHARED DISPOSITIVE POWER                     
WITH                                                                    

0                                               
________________________________________________________________________________
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               

0                                                                               
________________________________________________________________________________
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*     

                                                               [_]

________________________________________________________________________________
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                         

N/A                                                                             
________________________________________________________________________________
14   TYPE OF REPORTING PERSON*                                                  

00 (Limited Liability Company)                                                  
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

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CUSIP No. 29089v104                 13D                   Page    of    Pages   

________________________________________________________________________________
Item 1.  Security and Issuer.                                                   

This  statement  relates  to the  common  stock of  Emergent  Group,  Inc.  (the
"Issuer").  The Issuer's  principal  executive  office is located at 932 Central
Avenue, Glendale, California 91201.                                             

________________________________________________________________________________
Item 2.  Identity and Background.                                               

(a)  Emergent Management Company, LLC                                 

(b)  375 Park Avenue, New York, NY 10152                              

   (c)  managing several privately held investment and venture capital firms

(d)  N/A                                                              

(e)  N/A                                                              

(f)  Delaware                                                         

________________________________________________________________________________
Item 3.  Source and Amount of Funds or Other Consideration.                     

On August 31, 2000,  the several  members of Emergent  Ventures,  LLC ("Emergent
Ventures"), a Delaware limited liability company that had theretofore engaged in
the  business  of  acquiring  equity  interest  in  technology  businesses  with
significant  internet features and applications,  acquired  39,775,178 shares of
the Issuer's common stock, representing a 90% interest in the Issuer immediately
after  such  acquisition,  in  exchange  for all of the then  notes  outstanding
membership  interests in Emergent Ventures  (collectively,  the "Equity Transfer
Transaction").  All pursuant to an Equity Transfer and Reorganization Agreement,
dated as of August 10, 2000 (the "Agreement"),  by and among the Issuer,  Martin
B. Grossman, Isaac Grossman, Emergent Management Company LLC, a Delaware limited
liability  company  ("Emergent   Management")  and  the  holders  of  membership
interests of Emergent Ventures. As a result of the Equity Transfer Transactions,
the  Emergent  Management,  which  was  the  holder  approximately  57%  of  the
membership  interest  of  Emergent  Ventures,  became  the  beneficial  owner of
22,718,383 shares of Common Stock, representing  approximately 51% of the shares
of Common Stock issued and outstanding  immediately  following the completion of
the Equity Transfer  Transactoins.  On May 6, 2002,  Emergent  Management made a
pro-rata  distribution of its 22,718,383  shares of the Issuer's Common Stock as
follows:  10,223,272  shares to each of Daniel Yun and Mark  Waldron,  2,044,654
shares  to Dr.  Soon Kim and  227,185  shares to Dr.  Dong Su Han.  As a result,
Emergent Management no longer has any interest in the Issuer.                   

________________________________________________________________________________
Item 4.  Purpose of Transaction.                                                

Emergent Management entered into the Agreement, and consummated the transactions
contemplated  thereby,  for the  purpose of  acquiring  control of the Issuer in
August,  2000.  The May 6,  2002  distribution  was not done to  effectuate  any
changes described in Items (a)-(j).                                             

________________________________________________________________________________
Item 5.  Interest in Securities of the Issuer.                                  

 (a)-(c)   As a  result  of the  distribution  disclosed  under  Item 3,
Emergent Management no longer has any interest in the Issuer.                   

(d)  N/A                                                              

(e)  N/A                                                              

________________________________________________________________________________
Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect  
to Securities of the Issuer.                                  

None.                                                                           
________________________________________________________________________________
Item 7.  Material to be Filed as Exhibits.                                      

N/A                                                                             
________________________________________________________________________________

SC 13D
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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.                                                                        

         5/20/2002
                                        ----------------------------------------
                                        (Date)

                                        ----------------------------------------
                                         (Signature)

          Daniel Yun
                                        ----------------------------------------
                                          (Name/Title)

Attention.  Intentional  misstatements  or omissions of fact constitute  federal
criminal violations (see 18 U.S.C. 1001).                                       

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		5/20/02							None on these Dates
		5/6/02		1		3
		8/31/00		3
		8/10/00		3
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