-----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, GX0NVhFWNn0Jr9gQAGUY5D10QaBgWeJeD4vric8YcrVfbkS8XUqIHuvh3WtKCii7 aklgNa5mCxZ6HF3zxFNHtg== 0001144204-09-054324.txt : 20091023 0001144204-09-054324.hdr.sgml : 20091023 20091023120659 ACCESSION NUMBER: 0001144204-09-054324 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20091023 DATE AS OF CHANGE: 20091023 GROUP MEMBERS: BROAD BEACH PARTNERS, LLC GROUP MEMBERS: KENNETH J. ABDALLA SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ideation Acquisition Corp. CENTRAL INDEX KEY: 0001402225 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 770688094 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83412 FILM NUMBER: 091133994 BUSINESS ADDRESS: STREET 1: 1990 S. BUNDY BOULEVARD STREET 2: SUITE 620 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 310-694-8150 MAIL ADDRESS: STREET 1: 1105 N. MARKET STREET STREET 2: SUITE 1300 CITY: WILMINGTON STATE: DE ZIP: 19801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Malibu Partner LLC CENTRAL INDEX KEY: 0001438438 IRS NUMBER: 342032320 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 15332 ANTIOCH STREET STREET 2: #528 CITY: PACIFIC PALISADES STATE: CA ZIP: 90272 BUSINESS PHONE: 310-789-7200 MAIL ADDRESS: STREET 1: 15332 ANTIOCH STREET STREET 2: #528 CITY: PACIFIC PALISADES STATE: CA ZIP: 90272 SC 13G 1 v163518_sc13g.htm Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
 
 
IDEATION ACQUISITION CORP.
(Name of Issuer)
 
COMMON STOCK, $0.0001 PAR VALUE
(Title of Class of Securities)
 
451665103
(CUSIP Number)
 
October 22, 2009
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
        o Rule 13d-1 (b)
 
        þ Rule 13d-1 (c)
 
        o Rule 13d-1 (d)
 
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 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. 451665103
     
       
1.
Name of Reporting Persons
Malibu Partners, LLC
 
       
2.
Check the Appropriate Box if a Member of a Group
(a)
£
(b)
£
       
3.
SEC Use Only
     
       
4.
Citizenship or Place of Organization  California
   
       
Number of Shares
Beneficially
Owned by Each
Reporting Person
With:
5.
Sole Voting Power
175,650
   
       
6.
Shared Voting Power
-0-
   
       
7.
Sole Dispositive Power
175,650
   
       
8.
Shared Dispositive Power
-0-
   
       
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
175,650
 
       
10.
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  £
 
       
11.
Percent of Class Represented by Amount in Row (9)
1.4%
 
       
12.
Type of Reporting Person
OO (Limited Liability Company)
   
       
     
 

 
2

 
CUSIP No. 451665103
     
       
1.
Name of Reporting Persons
Kenneth J. Abdalla
 
       
2.
Check the Appropriate Box if a Member of a Group
(a)
£
(b)
£
       
3.
SEC Use Only
     
       
4.
Citizenship or Place of Organization  USA
   
       
Number of Shares
Beneficially
Owned by Each
Reporting Person
With:
5.
Sole Voting Power
284,000
   
       
6.
Shared Voting Power
-0-
   
       
7.
Sole Dispositive Power
284,000
   
       
8.
Shared Dispositive Power
-0-
   
       
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
284,000
 
       
10.
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  £
 
       
11.
Percent of Class Represented by Amount in Row (9)
2.3%
 
       
12.
Type of Reporting Person
IN
   
       
     
 
 
 
 
3

 
CUSIP No. 451665103
     
       
1.
Name of Reporting Persons
Broad Beach Partners, LLC
 
       
2.
Check the Appropriate Box if a Member of a Group
(a)
£
(b)
£
       
3.
SEC Use Only
     
       
4.
Citizenship or Place of Organization  USA
   
       
Number of Shares
Beneficially
Owned by Each
Reporting Person
With:
5.
Sole Voting Power
108,350
   
       
6.
Shared Voting Power
-0-
   
       
7.
Sole Dispositive Power
108,350
   
       
8.
Shared Dispositive Power
-0-
   
       
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
108,350
 
       
10.
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares  £
 
       
11.
Percent of Class Represented by Amount in Row (9)
0.09%
 
       
12.
Type of Reporting Person
OO (Limited Liability Company)
   
       
     
 
 
 
 
4

 
SCHEDULE 13G
 
This Schedule 13G relates to the common stock, par value $0.0001 per share (“Common Stock”) of Ideation Acquisition Corp. (the “Issuer”) held by each of Malibu Partners, LLC, Kenneth J. Abdalla and Broad Beach Partners, LLC (collectively, the “Reporting Persons”). This Schedule 13G reflects the Reporting Persons status as a passive investor. The acquisitions of beneficial ownership of shares of Common Stock reported by the Reporting Persons on October 16, 2009 in a filing on Schedule 13D was incorrect because the Reporting Persons did not acquire the Common Stock with any purpose, or with the effect of, changing or influencing the control of the Issuer, or in connection with or as a participant in any transaction having that purpose or effect, including any transaction subject to Rule 13d-3(b). Furthermore, Reporting Persons were not directly or indirectly the beneficial owner of twenty percent (20%) or more of the Common Stock. The 284,000 shares of Common Stock that are the subject of this Schedule 13G are owned by Malibu Partners, LLC and Broad Beach Partners, LLC. Kenneth J. Abdalla is the managing member of each of Malibu Partners, LLC and Broad Beach Partners, LLC and has voting and dispositive power with respect to the 284,000 shares of Common Stock.
 
Item 1.
(a)
Name of Issuer.
   
         
   
Ideation Acquisition Corp.
   
         
 
(b)
Address of Issuer’s Principal Executive Offices.
   
         
   
Ideation Acquisition Corp.
307 East 87th Street
New York, NY, 10028
   
         
Item 2.
(a)
Name of Person Filing.
    
         
   
Malibu Partners, LLC
   
   
Kenneth J. Abdalla
   
   
Broad Beach Partners, LLC
   
         
 
(b)
Address of Principal Business Office.
   
         
   
15332 Antioch Street #528
Pacific Palisades, CA 90272
   
         
 
(c)
Place of Organization.
   
   
Malibu Partners, LLC is a limited liability company organized under the laws of the state of California
   
Broad Beach Partners, LLC is a limited liability company organized under the laws of the state of California
         
   
Citizenship.
   
         
   
Kenneth J. Abdalla is a United States citizen.
   
         
 
(d)
Title Class of Securities.
   
         
   
Common Stock, $0.0001 par value per share
   
         
 
(e)
CUSIP Number.
   
   
CUSIP No. 451665103
   
         
 
 
5

 
 
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
 
(a)
[     ]
Broker or dealer registered under Section 15 of the Act.
 
(b)
[     ]
Bank as defined in Section 3(a) (6) of the Act.
 
(c)
[     ]
Insurance company as defined in Section 3(a) (19) of the Act.
 
(d)
[     ]
Investment company registered under Section 8 of the Investment Company Act of 1940.
 
(e)
[     ]
An investment adviser in accordance with § 240.13d-1 (b) (1) (ii) (E).
 
(f)
[     ]
An employee benefit plan or endowment fund in accordance with § 240.13d-1 (b) (1) (ii) (F).
 
(g)
[     ]
A parent holding company or control person in accordance with § 240.13d-1 (b) (1) (ii) (G).
 
(h)
[     ]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
 
(i)
[     ]
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.
 
(j)
[     ]
Group, in accordance with § 240.13d-1 (b) (1) (ii) (J).
 
Item 4.
Ownership.
   
       
 
(a)
Amount Beneficially Owned
         
   
284,000 shares of Common Stock
         
 
(b)
Percent of Class
         
   
2.3%
   
         
 
(c)
Number of Shares as to which the persons have
         
   
(i)
Sole power to vote or direct the vote
     
284,000
   
   
(ii)
Shared power to vote or to direct the vote
     
-0-
   
   
(iii)
Sole power to dispose or direct the disposition of
     
284,000
 
   
(iv)
Shared power to dispose or direct the disposition of
     
-0-
   
         
Item 5
Ownership of Five Percent or Less of a Class.
 
       
 
If this report is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  [X]
         
Item 6
Ownership of More Than Five Percent on Behalf of Another Person.
 
         
 
Inapplicable.
 
       
Item 7
Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
         
 
Inapplicable.
   
         
Item 8
Identification and Classification of Members of the Group.
 
         
 
Inapplicable.
 
 
6

 
       
Item 9
Notice of Dissolution of Group.
 
         
 
Inapplicable.
   
       
Item 10
Certification
 
     
 
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.
 
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.
 
 
     Date:   October 23, 2009
 
     
 
MALIBU PARTNERS, LLC
 
     
 
By:
/s/ Kenneth J. Abdalla
 
 
Name:
Kenneth J. Abdalla
 
   
Managing Member
 
       
   
/s/ Kenneth J. Abdalla
 
   
Kenneth J. Abdalla
 
       
 
BROAD BEACH PARTNERS, LLC
 
       
 
By:
/s/ Kenneth J. Abdalla
 
 
Name:
Kenneth J. Abdalla
 
   
Managing Member
 


 
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