-----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, FKYrAXuwdc06Te12ZK0712YQalbGP3Prqew2FG+OJBIb+7j303gAOTviDLM3eUNP KeB/l+mhiWHjy8xfBHhDUA== 0000922423-06-001342.txt : 20061024 0000922423-06-001342.hdr.sgml : 20061024 20061024113553 ACCESSION NUMBER: 0000922423-06-001342 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061024 DATE AS OF CHANGE: 20061024 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASTRATA GROUP INC CENTRAL INDEX KEY: 0001071157 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 840108762 STATE OF INCORPORATION: NV FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-61549 FILM NUMBER: 061159385 BUSINESS ADDRESS: STREET 1: 1801 CENTURY PARK EAST STREET 2: STE 1830 CITY: LOS ANGELES STATE: CA ZIP: 90067-2320 BUSINESS PHONE: 3102828646 MAIL ADDRESS: STREET 1: 1801 CENTURY PARK EAST STREET 2: STE 1830 CITY: LOS ANGELES STATE: CA ZIP: 90067-2320 FORMER COMPANY: FORMER CONFORMED NAME: CETALON CORP DATE OF NAME CHANGE: 20010416 FORMER COMPANY: FORMER CONFORMED NAME: SPORTSMANS WHOLESALE CO DATE OF NAME CHANGE: 19980928 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Vision Opportunity Master Fund Ltd CENTRAL INDEX KEY: 0001349985 IRS NUMBER: 270120759 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O VISION CAPITAL ADVISORS STREET 2: 317 MADISON AVENUE SUITE 1220 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: (212) 624-1640 MAIL ADDRESS: STREET 1: C/O VISION CAPITAL ADVISORS STREET 2: 317 MADISON AVENUE SUITE 1220 CITY: NEW YORK STATE: NY ZIP: 10017 SC 13G 1 kl10041.htm SCHEDULE 13G Schedule 13G

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
 
Astrata Group Incorporated
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
 
04634R106
 
 
(CUSIP Number)
 
 
October 16, 2006
(Date of Event Which Requires Filing of this Statement)
     
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
r Rule 13d-1(b)
x Rule 13d-1(c)
r Rule 13d-1(d)

*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 the disclosures provided in a prior cover page.

The information required in 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. 04634R106
 
 
SCHEDULE 13G
 
 
Page 2 of 6 Pages
 

 
1
 
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Vision Opportunity Master Fund, Ltd. *
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)  r
(b)  r
 
3
 
SEC USE ONLY
 
4
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Caymen Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
5
 
SOLE VOTING POWER
 
1,364,400
 
6
 
SHARED VOTING POWER
 
0
 
7
 
SOLE DISPOSITIVE POWER
 
1,364,400
 
8
 
SHARED DISPOSITIVE POWER
 
0
 
9
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,364,400
 
10
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    [  ]
 
11
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
9.9%
 
12
 
TYPE OF REPORTING PERSON*
 
CO

* Adam Benowitz, in his capacity as managing member of the Reporting Person, has ultimate dispositive power over the shares held by the Reporting Person. Mr. Benowitz disclaims beneficial ownership of the shares disclosed herein.

*SEE INSTRUCTIONS BEFORE FILLING OUT!
 

 
 
 

 


 
CUSIP No. 04634R106
 
 
SCHEDULE 13G
 
 
Page  3 of   6 Pages
 

 
Item 1(a). Name of Issuer:

Astrata Group Incorporated

Item 1(b). Address of Issuer's Principal Executive Offices:

1801 Century Park East, Suite 1830
Los Angeles, California 90067-2320

Item 2(a). Name of Person Filing.
Item 2(b). Address of Principal Business Office or, if None, Residence.
Item 2(c). Citizenship.

Vision Opportunity Master Fund, Ltd.
20 W. 55th Street, 5th Floor
New York, New York 10019
Cayman Islands

Item 2(d). Title of Class of Securities:

Common Stock, par value $0.0001 per share

Item 2(e). CUSIP Number:
 
04634R106

Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not Applicable

Item 4.  Ownership.* 

The following is information regarding the aggregate number and percentage of the class  of securities of the issuer identified in Item 1 as of October 16, 2006:

 
(a)
Amount beneficially owned: 1,364,400 shares of Common Stock (based upon 13,781,818 shares of Common Stock issued and outstanding as of October 16, 2006).

(b) Percent of Class: 9.9%

(c) Number of shares as to which such person has:

(i) sole power to vote or direct the vote: 1,364,400 

(ii) shared power to vote or direct the vote: 0

(iii) sole power to dispose or direct the disposition of: 1,364,400 


 
 

 

 
 
CUSIP No. 04634R106
 
 
SCHEDULE 13G
 
 
Page  4 of   6 Pages
 
 

 
(iv) shared power to dispose or direct the disposition of: 0

*On October 16, 2006, the Reporting Person acquired the following securities from the Issuer in a private placement transaction: (i) 2,500,000 shares of Series A Convertible Preferred Stock, each share convertible into two (2) shares of the Issuer’s common stock at a conversion price of $0.50, (ii) a Series A Warrant to purchase 3,750,000 shares of common stock expiring October 13, 2011 at an exercise price of $1.00 per share, (iii) a Series B Warrant to purchase 3,750,000 shares of common stock expiring October 13, 2011 at an exercise price of $1.50 per share, (iv) a Series J Warrant to purchase 5,000,000 shares of common stock expiring October 13, 2007 at an exercise price of $0.50 per share, (vi) a Series C Warrant to purchase 3,750,000 shares of common stock expiring October 13, 2011 at an exercise price of $1.00 per share, and (vii) a Series D Warrant to purchase 3,750,000 shares of common stock expiring October 13, 2011 at an exercise price of $1.50 per share. The aggregate number of Warrants held by the Reporting Person is 20,000,000. The Series A Convertible Preferred Stock is convertible into shares of common stock at any time at the option of the Reporting Person and each of the Warrants is exercisable into shares of common stock at any time at the option of the Reporting Person. Pursuant to the terms of the transaction documents relating to the purchase of the foregoing securities, the Reporting Person may not acquire shares of common stock upon conversion of the Series A Preferred Stock or upon exercise of any such warrants to the extent that, upon conversion or exercise, the number of shares of common stock beneficially owned by the Reporting Person and its affiliates would exceed 9.9% of the issued and outstanding shares of common stock of the Issuer. Adam Benowitz, in his capacity as managing member of the Reporting Person, has ultimate dispositive power over the shares held by the Reporting Person. Mr. Benowitz disclaims beneficial ownership of the shares disclosed herein.

Item 5.  Ownership of Five Percent or Less of a Class.
 
Not Applicable

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
 
Not Applicable

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company.
 
Not Applicable

Item 8.  Identification and Classification of Members of the Group.
 
Not Applicable

Item 9.  Notice of Dissolution of Group.
 
Not Applicable
 

 
 
 

 


 
CUSIP No. 04634R106
 
 
SCHEDULE 13G
 
 
Page  5 of   6 Pages
 

 
Item 10. Certification.
 
Certification pursuant to §240.13d-1(c):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 

 


 
 

 


 
CUSIP No. 04634R106
 
 
SCHEDULE 13G
 
 
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 24, 2006 
 
VISION OPPORTUNITY MASTER FUND, LTD.


By: /s/ Adam Benowitz                            
Name: Adam Benowitz
Title:   Managing Member


 
 
 
 
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