-----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, MgpB36xD+ZY8yxDR/rn8kt9UhWJokSSPvlUlMwaQtUbt014V7F1lKNPJa1Jh0rCo ozZ33r9XqzFrpOCi2xAkbw== 0000950146-98-001192.txt : 19980709 0000950146-98-001192.hdr.sgml : 19980709 ACCESSION NUMBER: 0000950146-98-001192 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980708 SROS: NONE GROUP MEMBERS: JUBILEE INVESTORS LLC GROUP MEMBERS: WEST END CAPITAL LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ELECTROMEDICS CORP CENTRAL INDEX KEY: 0000352281 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 042608713 STATE OF INCORPORATION: DE FISCAL YEAR END: 0727 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-32922 FILM NUMBER: 98661868 BUSINESS ADDRESS: STREET 1: 13 COLUMBIA DR STE 5 CITY: AMHERST STATE: NH ZIP: 03031 BUSINESS PHONE: 6038806300 MAIL ADDRESS: STREET 1: 13 COLUMBIA DR STREET 2: STE 18 CITY: AMHERST STATE: NH ZIP: 03031 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WEST END CAPITAL LLC CENTRAL INDEX KEY: 0001065076 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE WORLD TRADE CENTER STREET 2: SUITE 4563 CITY: NEW YORK STATE: NY ZIP: 10048 BUSINESS PHONE: 2127759299 MAIL ADDRESS: STREET 1: ONE WORLD TRADE CENTER STREET 2: SUITE 4563 CITY: NEW YORK STATE: NY ZIP: 10048 SC 13G 1 SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) American Electromedics Corp. (Name of Issuer) Common Stock, $ 0.10 par value per share (Title of Class of Securities) 025569-104 (CUSIP Number) May 8, 1998 (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. 025569-104 Page 2 of 7 Pages - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Jubilee Investors LLC 52-2096497 - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 723,335 SHARES ----------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER -0- OWNED BY ----------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 723,335 REPORTING ----------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 723,335 - -------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * [ ] - -------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.3% - -------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON * OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 025569-104 Page 3 of 7 Pages - -------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) West End Capital LLC 13-3955700 - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------- NUMBER OF (5) SOLE VOTING POWER 773,335 SHARES ----------------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER -0- OWNED BY ----------------------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 773,335 REPORTING ----------------------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 773,335 - -------------------------------------------------------------------------------- (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 * OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 025569-104 Page 4 of 7 Pages Item 1(a). Name of Issuer: The name of the issuer is American Electromedics Corp. (the "Company"). Item 1(b). Address of Issuer's Principal Executive Offices: The Company's principal executive offices are located at 13 Columbia Drive, Suite 18, Amherst, New Hampshire 03031. Item 2(a). Name of Person Filing: This statement is filed by: (i) Jubilee Investors LLC, a limited liability company organized under the laws of the State of Delaware with respect to the shares of Common Stock beneficially owned by it; and (ii) West End Capital LLC, a limited liability company organized under the laws of the State of Delaware, with respect to the shares of Common Stock beneficially owned by it and Jubilee Investors LLC. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the business office of each of the Reporting Persons is 1 World Trade Center, Suite 4563, New York, New York 10048. Item 2(c). Citizenship: Jubilee Investors LLC is a limited liability company organized under the laws of the State of Delaware. West End Capital LLC is a limited liability company organized under the laws of the State of Delaware. Item 2(d). Title of Class of Securities: Common Stock, $0.10 par value per share (the "Common Stock") CUSIP No. 025569-104 Page 5 of 7 Pages Item 2(e). CUSIP Number: 025569-104 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (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) [ ] Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940, (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F), (g) [ ] Parent Holding Company or control person in accordance with Rule 13d-1 (b)(ii)(G), (h) [ ] Savings Associations as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) [ ] 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 Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to 13d-1(c), check this box: [x] Item 4. Ownership. A. Jubilee Investors LLC (a) Amount beneficially owned: 723,335 shares issuable upon conversion of the Company's Series A Preferred Stock. (b) Percent of class: 9.3% The percentages used herein and in the rest of Item 4 are calculated based upon their being 7,038,136 shares of Common Stock outstanding as reflected in the Form 10QSB filed by the Company with the Securities and Exchange Commission (the "Commission") on June 25, 1998 (c) (i) Sole power to vote or direct the vote: 723,335 (ii) Shared power to vote or direct the vote: -0- (iii) Sole power to dispose or direct the disposition: 723,335 (iv) Shared power to dispose or direct the disposition: -0- CUSIP No. 025569-104 Page 6 of 7 Pages B. West End Capital LLC (a) Amount beneficially owned: 773,335 (includes 723,335 shares issuable upon exercise of the Company's Series A Preferred Stock held by Jubilee Investors LLC and 50,000 shares issuable upon exercise of warrants held by West End Capital LLC) (b) Percent of class: 9.9% (c) (i) Sole power to vote or direct the vote: 723,335 (ii) Shared power to vote or direct the vote: -0- (iii) Sole power to dispose or direct the disposition: 723,335 (iv) Shared power to dispose or direct the disposition: -0- 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. West End Capital LLC, the manager of Jubilee Investors LLC, has the power to dispose of and the power to vote the shares of Common Stock beneficially owned by it and by Jubilee Investors LLC. 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. Item 10. Certification. Each of the Reporting Persons hereby makes the following 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. CUSIP No. 025569-104 Page 7 of 7 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: July 8, 1998 JUBILEE INVESTORS LLC By: West End Capital LLC, Manager By: /s/ Daniel J. Saks ------------------ Name: Daniel J. Saks Title: Managing Director WEST END CAPITAL LLC By: /s/ Daniel J. Saks ----------------- Name: Daniel J. Saks Title: Managing Director Exhibit I JOINT FILING AGREEMENT Each of the undersigned hereby agrees that the schedule 13G filed herewith is filed jointly, pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, on behalf of each of them. Dated: July 8, 1998 JUBILEE INVESTORS LLC By: West End Capital LLC, Manager By: /s/ Daniel J. Saks ------------------ Name: Daniel J. Saks Title: Managing Director WEST END CAPITAL LLC By: /s/ Daniel J. Saks ------------------ Name: Daniel J. Saks Title: Managing Director -----END PRIVACY-ENHANCED MESSAGE-----