0001204459-11-000852.txt : 20110330 0001204459-11-000852.hdr.sgml : 20110330 20110330122235 ACCESSION NUMBER: 0001204459-11-000852 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110330 DATE AS OF CHANGE: 20110330 GROUP MEMBERS: CHARDAN SPAC ASSET MANAGEMENT, LLC GROUP MEMBERS: PFSI FBO STEVEN OLIVEIRA ROTH IRA FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Oliveira Steven Michael CENTRAL INDEX KEY: 0001358629 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 18 FIELDSTONE COURT CITY: NEW CITY STATE: NY ZIP: 10956 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LONE OAK ACQUISITION CORP CENTRAL INDEX KEY: 0001506374 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-86157 FILM NUMBER: 11721142 BUSINESS ADDRESS: STREET 1: 16 Fenwick Street STREET 2: Unit 1004, East Town Building CITY: Wanchai, Hong Kong STATE: K3 ZIP: 00000 BUSINESS PHONE: 852-2110-9133 MAIL ADDRESS: STREET 1: 16 Fenwick Street STREET 2: Unit 1004, East Town Building CITY: Wanchai, Hong Kong STATE: K3 ZIP: 00000 SC 13G 1 sch13g.htm SCHEDULE 13G Lone Oak Acquisition Corporation: Schedule 13G - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED
PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)

(Amendment No. __)*

Lone Oak Acquisition Corporation
(Name of Issuer)

Ordinary Shares, par value $.001 per share
(Title of Class of Securities)

G5693V 113
(CUSIP Number)

March 24, 2011
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[  ] Rule 13d-1(b) 

[X] Rule 13d-1(c)

[  ] 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).

SCHEDULE 13G

CUSIP NO. G5693V 113 Page 2 of 7
   
1

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

  


Chardan SPAC Asset Management, LLC

 
   
 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  

(a)   [   ]
(b)   [X]

 
 
3

SEC USE ONLY

 

 

  
 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

 
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5

SOLE VOTING POWER

  

50,000 Ordinary Shares

6

SHARED VOTING POWER

 

0
7

SOLE DISPOSITIVE POWER

  

50,000 Ordinary Shares

8

SHARED DISPOSITIVE POWER

 

0
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

50,000 Ordinary Shares

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    [X]

 

 
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

1.0%
12

TYPE OF REPORTING PERSON

 

CO

 
 

SCHEDULE 13G

CUSIP NO. G5693V 113 Page 3 of 7
   
1

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

  


PFSI FBO Steven Oliveira Roth IRA

 
   
 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  

(a)   [   ]
(b)   [X]

 
 
3

SEC USE ONLY

 

 

  
 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 
United States of America

 
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5

SOLE VOTING POWER

  

386,000 Ordinary Shares

6

SHARED VOTING POWER

 

0
7

SOLE DISPOSITIVE POWER

  

386,000 Ordinary Shares

8

SHARED DISPOSITIVE POWER

 

0
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

386,000 Ordinary Shares

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    [X]

 

 
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

7.7%
12

TYPE OF REPORTING PERSON

 

OO

 
 

SCHEDULE 13G

CUSIP NO.  G5693V 113 Page 4 of 7
   
1

NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

  


Steven M. Oliveira

 
   
 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  

(a)   [   ]
(b)   [X]

 
 
3

SEC USE ONLY

 

 

  
 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 
United States of America

 
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5

SOLE VOTING POWER

  

436,000 Ordinary Shares

6

SHARED VOTING POWER

 

0
7

SOLE DISPOSITIVE POWER

  

436,000 Ordinary Shares

8

SHARED DISPOSITIVE POWER

 

0
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

436,000 Ordinary Shares

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    [X]

 

 
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

8.7%
12

TYPE OF REPORTING PERSON

 

IN

  
 

SCHEDULE 13G

CUSIP NO. G5693V 113 Page 5 of 7

Item 1(a). Name of Issuer:
  Lone Oak Acquisition Corporation (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
  Room 1708 Dominion Centre
43-59 Queen’s Road East
Wanchai, Hong Kong
Items 2(a),
(b) and (c). 		Name of Persons Filing, Address of Principal Business Office and Citizenship:

This Schedule 13G is being filed on behalf of Chardan SPAC Asset Management, LLC, PFSI FBO Steven Oliveira Roth IRA and Steven M. Oliveira (collectively, the "Reporting Persons").

The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 1, pursuant to which the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended.

The principal business office of the Reporting Persons is 18 Fieldstone Court, New City, New York 10956.
Item 2(d). Title of Class of Securities:
Ordinary Shares, par value $.001 per share (the "Common Stock")
Item 2(e). CUSIP Number:
  G5693V 113
Item 3. Not applicable
Item 4. Ownership.

  (a)

Amount beneficially owned: 436,000 Ordinary Shares

       
  (b)

Percent of class: 8.7%

       
  (c)

Number of shares to which such person has:

       
  (i)

Sole power to vote or direct the vote: 436,000 Ordinary Shares

       
  (ii)

Shared power to vote or direct the vote: 0


SCHEDULE 13G

CUSIP NO. G5693V 113 Page 6 of 7

  (iii)

Sole power to dispose or to direct the disposition of: 436,000 Ordinary Shares

     
  (iv)

Shared power to dispose of or direct the disposition of: 0

*This statement is filed on behalf of Chardan SPAC Asset Management, LLC, PFSI FBO Steven Oliveira Roth IRA and Steven M. Oliveira. Steven M. Oliveira may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Chardan SPAC Asset Management, LLC and PFSI FBO Steven Oliveira Roth IRA as he may direct the vote and disposition of the shares owned by Chardan SPAC Asset Management, LLC and PFSI FBO Steven Oliveira Roth IRA, however, Steven M. Oliveira expressly disclaims beneficial ownership of all shares of Common Stock beneficially owned by Chardan SPAC Asset Management, LLC and PFSI FBO Steven Oliveira Roth IRA.

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 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 a Group.
   
  Not applicable
   
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.


SCHEDULE 13G

CUSIP NO. G5693V 113 Page 7 of 7

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: March 30, 2011

CHARDAN SPAC ASSET MANAGEMENT, LLC

By: /s/ Steven M. Oliveira

PFSI FBO STEVEN OLIVEIRA ROTH IRA

By: /s/ Steven M. Oliveira

/s/ Steven M. Oliveira
Steven M. Oliveira

SCHEDULE 13G

CUSIP NO. G5693V 113

Exhibit 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to certain Ordinary Shares of Lone Oak Acquisition Corporation and further agree that this Joint Filing Agreement shall be included as an exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided, however, that no party is responsible for the completeness or accuracy of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement on March 30, 2011.

CHARDAN SPAC ASSET MANAGEMENT, LLC

By: /s/ Steven M. Oliveira

PFSI FBO STEVEN OLIVEIRA ROTH IRA

By: /s/ Steven M. Oliveira

/s/ Steven M. Oliveira
Steven M. Oliveira