(Name of Issuer)
Common Stock
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||
(Title of Class of Securities)
05462D101
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||
(CUSIP Number)
May 9, 2011
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||
(Date of Event which Requires Filing of this Statement)
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o
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Rule 13d-1(b)
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x
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Rule 13d-1(c)
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o
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Rule 13d-1(d)
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CUSIP No. 05462D101
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1
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Name of Reporting Persons.
Harborview Master Fund, L.P.
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2
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Check the Appropriate Box if a Member of a Group
(a) o
(b) x
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|
|
3
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SEC Use Only
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4
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Citizenship or Place of Organization
British Virgin Islands
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||
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
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5
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Sole Voting Power
0
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6
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Shared Voting Power
338,000 (1)
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||
7
|
Sole Dispositive Power
0
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||
8
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Shared Dispositive Power
338,000 (1)
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||
9
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Aggregate Amount Beneficially Owned by Each Reporting Person
338,000 (1)
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10
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Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
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|
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11
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Percent of Class Represented by Amount in Row (9)
1.4%
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12
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Type of Reporting Person (See Instructions)
PN
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(1)
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Includes (i) 100,000 shares of common stock that may be acquired pursuant to an Amended and Restated Purchase Warrant, issued on February 1, 2010 and amended and restated on February 22, 2010 (the “2010 Warrant”), (ii) 100,000 shares of common stock that may be acquired pursuant to a Purchase Warrant, issued on July 21, 2009 (the “2009 Warrant”), and (iii) 138,000 shares of common stock that may be acquired pursuant to an Amended and Restated 8.75% Convertible Debenture due December 31, 2010, issued on September 26, 2008, amended and restated on March 31, 2009, and amended on July 22, 2009 and January 25, 2011 (the “8.75% Debenture”).
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CUSIP No. 05462D101
|
1
|
Name of Reporting Persons.
Harborview Value Master Fund, L.P.
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||
2
|
Check the Appropriate Box if a Member of a Group
(a) o
(b) x
|
|
|
3
|
SEC Use Only
|
||
4
|
Citizenship or Place of Organization
British Virgin Islands
|
||
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
591,030
|
||
7
|
Sole Dispositive Power
0
|
||
8
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Shared Dispositive Power
591,030
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||
9
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Aggregate Amount Beneficially Owned by Each Reporting Person
591,030
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||
10
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Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
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||
11
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Percent of Class Represented by Amount in Row (9)
2.5%
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||
12
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Type of Reporting Person (See Instructions)
PN
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CUSIP No. 05462D101
|
1
|
Name of Reporting Persons.
Harborview Advisors, LLC
|
||
2
|
Check the Appropriate Box if a Member of a Group
(a) o
(b) x
|
|
|
3
|
SEC Use Only
|
||
4
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Citizenship or Place of Organization
New Jersey
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||
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
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5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
929,030 (1)
|
||
7
|
Sole Dispositive Power
0
|
||
8
|
Shared Dispositive Power
929,030 (1)
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||
9
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Aggregate Amount Beneficially Owned by Each Reporting Person
929,030 (1)
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||
10
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Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
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|
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11
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Percent of Class Represented by Amount in Row (9)
3.8%
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12
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Type of Reporting Person (See Instructions)
IA, PN
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(1)
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Includes (i) 100,000 shares of common stock that may be acquired pursuant to the 2010 Warrant, (ii) 100,000 shares of common stock that may be acquired pursuant to the 2009 Warrant, and (iii) 138,000 shares of common stock that may be acquired pursuant to the 8.75% Debenture.
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CUSIP No. 05462D101
|
1
|
Name of Reporting Persons.
Harborview Capital Management, LLC
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||
2
|
Check the Appropriate Box if a Member of a Group
(a) o
(b) x
|
|
|
3
|
SEC Use Only
|
||
4
|
Citizenship or Place of Organization
New York
|
||
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
|
5
|
Sole Voting Power
0
|
|
6
|
Shared Voting Power
575,950
|
||
7
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Sole Dispositive Power
0
|
||
8
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Shared Dispositive Power
575,950
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||
9
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Aggregate Amount Beneficially Owned by Each Reporting Person
575,950
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||
10
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Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
|
|
|
11
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Percent of Class Represented by Amount in Row (9)
2.4%
|
||
12
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Type of Reporting Person (See Instructions)
00
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CUSIP No. 05462D101
|
1
|
Name of Reporting Persons.
David Stefansky
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2
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Check the Appropriate Box if a Member of a Group
(a) o
(b) x
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|
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3
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SEC Use Only
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||
4
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Citizenship or Place of Organization
New York
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||
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
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5
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Sole Voting Power
38,376
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6
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Shared Voting Power
1,504,980 (1)
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7
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Sole Dispositive Power
38,376
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||
8
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Shared Dispositive Power
1,504,980 (1)
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
1,543,356 (1)
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||
10
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Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
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|
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11
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Percent of Class Represented by Amount in Row (9)
6.3%
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12
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Type of Reporting Person (See Instructions)
IN
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(1)
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Includes (i) 100,000 shares of common stock that may be acquired pursuant to the 2010 Warrant, (ii) 100,000 shares of common stock that may be acquired pursuant to the 2009 Warrant, and (iii) 138,000 shares of common stock that may be acquired pursuant to the 8.75% Debenture.
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CUSIP No. 05462D101
|
1
|
Name of Reporting Persons.
Richard Rosenblum
|
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2
|
Check the Appropriate Box if a Member of a Group
(a) o
(b) x
|
|
|
3
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SEC Use Only
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||
4
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Citizenship or Place of Organization
New York
|
||
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
|
5
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Sole Voting Power
0
|
|
6
|
Shared Voting Power
1,534,980 (1)
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||
7
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Sole Dispositive Power
0
|
||
8
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Shared Dispositive Power
1,534,980 (1)
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
1,534,980 (1)
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||
10
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Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
|
|
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11
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Percent of Class Represented by Amount in Row (9)
6.3%
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||
12
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Type of Reporting Person (See Instructions)
IN
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|
(1)
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Includes (i) 100,000 shares of common stock that may be acquired pursuant to the 2010 Warrant, (ii) 100,000 shares of common stock that may be acquired pursuant to the 2009 Warrant, and (iii) 138,000 shares of common stock that may be acquired pursuant to the 8.75% Debenture.
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CUSIP No. 05462D101
|
1
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Name of Reporting Persons.
The Corbran LLC
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2
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Check the Appropriate Box if a Member of a Group
(a) o
(b) x
|
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3
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SEC Use Only
|
||
4
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Citizenship or Place of Organization
New York
|
||
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
|
5
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Sole Voting Power
0
|
|
6
|
Shared Voting Power
30,000
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||
7
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Sole Dispositive Power
0
|
||
8
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Shared Dispositive Power
30,000
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||
9
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Aggregate Amount Beneficially Owned by Each Reporting Person
30,000
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10
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Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
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|
|
11
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Percent of Class Represented by Amount in Row (9)
0.1%
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12
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Type of Reporting Person (See Instructions)
CO
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(a)
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Name of Issuer
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(b)
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Address of Issuer’s Principal Executive Offices
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(a)
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Name of Person Filing
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(b)
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Address of Principal Business Office or, if none, Residence
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(c)
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Citizenship
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(d)
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Title of Class of Securities
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(e)
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CUSIP Number
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Item 3.
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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:
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(a) |
o
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Broker or dealer registered unde Section 15 of the Act (15 U.S.C. 78o).
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(b) |
o
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Bank as deined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c) |
o
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Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d) |
o
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Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e) |
o
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f) |
o
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g) |
o
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h) |
o
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i) |
o
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j) |
o
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Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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Item 4.
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Ownership.
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(a)
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Amount beneficially owned: See Item 9 on the cover page(s) hereto.
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(b)
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Percent of class: See Item 11 on the cover page(s) hereto.
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
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(ii)
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Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
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(iii)
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Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
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(iv)
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Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
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Item 5.
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Ownership of 5% or Less of a Class.
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Item 6.
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Ownership of More than 5 Percent on Behalf of Another Person.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Item 8.
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Identification and Classification of Members of the Group.
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Item 9.
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Notice of Dissolution of Group.
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Item 10.
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Certifications
|
Harborview Master Fund, L.P.
|
|||
By:
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Harborview Advisors, LLC
|
||
Its:
|
General Partner
|
||
|
By:
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/s/ Richard Rosenblum
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Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
||
Date:
|
May 17, 2011
|
Harborview Value Master Fund, L.P.
|
|||
By:
|
Harborview Advisors, LLC
|
||
Its:
|
General Partner
|
||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
||
Date:
|
May 17, 2011
|
Harborview Advisors, LLC
|
|||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
||
Date:
|
May 17, 2011
|
Harborview Capital Management, LLC
|
|||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
||
Date:
|
May 17, 2011
|
The Corbran LLC
|
|||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
||
Date:
|
May 17, 2011
|
Richard Rosenblum
|
|||
|
/s/ Richard Rosenblum
|
||
Name:
|
Richard Rosenblum
|
||
Date:
|
May 17, 2011
|
David Stefansky
|
|||
|
/s/ David Stefansky
|
||
Name:
|
David Stefansky
|
||
Date:
|
May 17, 2011
|
Exhibit
|
Description of Exhibit
|
99.1
|
Joint Filing Agreement (furnished herewith).
|
Date: May 17, 2011
|
Harborview Master Fund, L.P.
|
||
By:
|
Harborview Advisors, LLC
|
||
Its:
|
General Partner
|
||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
Harborview Value Master Fund, L.P.
|
|||
By:
|
Harborview Advisors, LLC
|
||
Its:
|
General Partner
|
||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
Harborview Advisors, LLC
|
|||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
Harborview Capital Management, LLC
|
|||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
The Corbran LLC
|
|||
|
By:
|
/s/ Richard Rosenblum
|
|
Name:
|
Richard Rosenblum
|
||
Title:
|
Managing Member
|
Richard Rosenblum
|
|||
|
/s/ Richard Rosenblum
|
||
Name:
|
Richard Rosenblum
|
David Stefansky
|
|||
|
/s/ David Stefansky
|
||
Name:
|
David Stefansky
|