-----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, NoJk9etE+l+/zmYfYUd/XjaXgZyWPPQqMuRs4mLU9UH7ufATCfw9FNcuVbT3qeHo flxrla/bhDpiU16O1nIRZw== 0000950134-07-012477.txt : 20070529 0000950134-07-012477.hdr.sgml : 20070528 20070529153246 ACCESSION NUMBER: 0000950134-07-012477 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070529 DATE AS OF CHANGE: 20070529 GROUP MEMBERS: CMCR MANAGEMENT LIMITED GROUP MEMBERS: COLUMBUS TRUST GROUP MEMBERS: RENOVA HOLDING LTD GROUP MEMBERS: RENOVA INDUSTRIES LTD GROUP MEMBERS: VICTOR VEKSELBERG GROUP MEMBERS: YURI PRIPACHKIN GROUP MEMBERS: ZAO PR TELECOM GROUP MEMBERS: ZAO PRIPACHKIN I DOCH SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MOSCOW CABLECOM CORP CENTRAL INDEX KEY: 0000006383 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 060659863 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-19685 FILM NUMBER: 07883594 BUSINESS ADDRESS: STREET 1: 153 EAST 53RD STREET STREET 2: 58TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128268942 MAIL ADDRESS: STREET 1: 153 EAST 53RD STREET STREET 2: 58TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: ANDERSEN GROUP INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ANDERSEN LABORATORIES INC DATE OF NAME CHANGE: 19790828 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Renova Media Enterprises Ltd. CENTRAL INDEX KEY: 0001303199 IRS NUMBER: 000000000 STATE OF INCORPORATION: C5 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2ND TERRACE WEST CENTREVILLE STREET 2: P.O. BOX N-7755 CITY: NASSAU STATE: C5 ZIP: 00000 BUSINESS PHONE: (242) 326-5528 MAIL ADDRESS: STREET 1: 2ND TERRACE WEST CENTREVILLE STREET 2: P.O. BOX N-7755 CITY: NASSAU STATE: C5 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: Columbus Nova Investments VIII Ltd DATE OF NAME CHANGE: 20040915 SC 13D/A 1 f30709a1sc13dza.htm AMENDMENT TO SCHEDULE 13D sc13dza
 

     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 11 )*

Moscow CableCom Corp.
(Name of Issuer)
Common Stock, par value $0.01
(Title of Class of Securities)
61945R100
(CUSIP Number)
         
 
 
Henry Lesser, Esq.
            
Marjorie Adams, Esq.
 
 
DLA Piper US LLP
            
DLA Piper US LLP
 
 
2000 University Avenue
            
1251 Avenue of the Americas, 29th Floor
 
 
East Palo Alto, California 94303
            
New York, NY 10020-1104
 
 
Telephone: (650) 833-2000
            
Phone: (212) 335-4500
 
 
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
May 25, 2007
(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* 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 disclosures provided in a prior cover page.

The information required on 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.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

Renova Media Enterprises Ltd.**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  AF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Bahamas
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO
(1) Includes: (i) 3,375,084 shares of common stock, $0.01 par value (“Common Stock”), of Moscow CableCom Corp. (the “Company”) held directly by Renova Media Enterprises Ltd. (“Renova Media”), (ii) 1,687,542 shares of Common Stock that Renova Media is entitled to acquire upon exercise of warrants which are exercisable within 60 days, (iii) 4,500,000 shares of Common Stock issuable upon conversion of 4,500,000 shares of the Company’s Series B Convertible Preferred Stock, $0.01 par value (“Preferred Stock”), which are convertible within 60 days and are held directly by Renova Media, (iv) 8,283,000 shares of Common Stock issuable upon conversion of 8,283,000 shares of Preferred Stock which are convertible within 60 days, that Renova Media is entitled to acquire upon exercise of warrants which are exercisable within 60 days, (v) 4,220,879 shares of Common Stock held by Moskovskaya Telecommunikatsionnaya Corporatsiya (“COMCOR”), with respect to which Renova Media disclaims beneficial ownership but that Renova Media may be deemed to beneficially own by reason of Renova Media’s ownership of approximately 74.73% of COMCOR, and (vi) 817,512 shares of Common Stock with respect to which Renova Media disclaims beneficial ownership but that Renova Media may be deemed to beneficially own by reason of irrevocable proxy and power of attorney arrangements (the “Irrevocable Proxy Arrangements”) between Renova Media and certain stockholders of the Company.
(2) Includes all of the securities listed in note (1) above, except for 163,503 shares of Common Stock, which are subject to the Irrevocable Proxy Arrangements, with respect to which Renova Media does not have any dispositive power and disclaims beneficial ownership.
(3) Based upon a total of 28,454,157 shares of Common Stock, which figure is based on the number of shares of Common Stock outstanding on April 27, 2007, as disclosed by the Company in its Annual Report on Form 10-K dated May 3, 2007 (13,983,615) and assumes (i) exercise of 1,687,542 warrants beneficially owned by Renova Media, (ii) conversion of 4,500,000 shares of Preferred Stock beneficially owned by Renova Media, and (iii) exercise of warrants to acquire 8,283,000 shares of Preferred Stock, beneficially owned by Renova Media, and conversion of such Preferred Stock into 8,283,000 shares of Common Stock.
** The footnotes set forth above are the footnotes applicable to the cover pages for all of the filing persons included in this Schedule 13D.

2


 

                     
CUSIP No.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

Renova Industries Ltd.**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Bahamas
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO
** See note marked by two asterisks under the footnotes for Renova Media Enterprises Ltd.

3


 

                     
CUSIP No.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

CMCR Management Limited**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Bahamas
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO
** See note marked by two asterisks under the footnotes for Renova Media Enterprises Ltd.

4


 

                     
CUSIP No.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

Renova Holding Ltd.**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  Not applicable
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Bahamas
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO
** See note marked by two asterisks under the footnotes for Renova Media Enterprises Ltd.

5


 

                     
CUSIP No.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

ZAO PR Telecom**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  Not applicable
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Russian Federation
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO
** See note marked by two asterisks under the footnotes for Renova Media Enterprises Ltd.

6


 

                     
CUSIP No.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

ZAO Pripachkin I Doch**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  Not applicable
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Russian Federation
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO
** See note marked by two asterisks under the footnotes for Renova Media Enterprises Ltd.

7


 

                     
CUSIP No.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

Yuri Pripachkin**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  Not applicable
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Russian Federation
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
** See note marked by two asterisks under the footnotes for Renova Media Enterprises Ltd.

8


 

                     
CUSIP No.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

Columbus Trust**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  Not applicable
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Cayman Islands
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO
** See note marked by two asterisks under the footnotes for Renova Media Enterprises Ltd.

9


 

                     
CUSIP No.
 
61945R100 
 

 

           
1   NAMES OF REPORTING PERSONS:

Victor Vekselberg**
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  Not applicable
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Russian Federation
       
  7   SOLE VOTING POWER:
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   22,884,017 (1)
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    22,720,514 (2)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  22,884,017 (1)
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  80.4%(3)
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
** See note marked by two asterisks under the footnotes for Renova Media Enterprises Ltd.

10


 

    This Amendment No. 11 to Schedule 13D is filed in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended, jointly by Renova Media Enterprises Ltd., a Bahamian corporation formerly known as Columbus Nova Investments VIII Ltd. (“Renova Media”), Renova Industries Ltd., a Bahamian corporation, CMCR Management Limited, a Bahamian corporation, Renova Holding Ltd., a Bahamian Corporation, ZAO PR Telecom, a Russian joint stock company, ZAO Pripachkin I Doch, a joint stock company, Yuri Pripachkin, Columbus Trust, a Cayman Islands trust, and Victor Vekselberg (collectively, the “Reporting Persons”) and amends and supplements the below-indicated items from the Schedule 13D filed with the Securities and Exchange Commission by the Renova Media and Victor Vekselberg on September 23, 2004, and subsequently amended. This Amendment No. 11 to Schedule 13D includes Renova Industries Ltd., CMCR Management Limited, Renova Holding Ltd., ZAO PR Telecom, ZAO Pripachkin I Doch, Yuri Pripachkin and Columbus Trust as additional Reporting Persons because, by reason of their relationship to Renova Media as described herein, they may be deemed to be engaging in the pending acquisition, through the Merger, of all voting securities of the Company not owned by Renova Media, as more fully described in previous amendments to this Schedule 13D.
    Capitalized terms not otherwise defined herein shall have the meaning attributed to such terms in previous amendments to the Schedule 13D filed by the Reporting Persons.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
    On May 25, 2007, Renova Media provided a written commitment to the Company dated May 22, 2007 (the “May 2007 Commitment”) that Renova Media or one of its affiliates will provide the Company and/or its subsidiaries with sufficient capital to ensure that the Company’s operations will continue uninterrupted for a period of one year after the date on which the Company files its Form 10-Q for the period ending March 31, 2007. The May 2007 Commitment does not specify the amount of capital to be provided or the terms on which such capital will be provided. The May 2007 Commitment was accompanied by a letter, also dated May 22, 2007, from Renova Industries, Renova Media’s majority shareholder, in which Renova Industries guarantees the commitment of Renova Media in the May 2007 Commitment.
    The May 2007 Commitment and any similar commitment that Renova Media may, in its discretion, decide to provide pending the consummation of the Merger contemplated by the Merger Agreement are independent of the provisions of the Merger Agreement, the $28,500,000 Facility Agreement and the Bridge Facility Agreement (described in greater detail in Amendment No. 9 to the Schedule 13D).

11


 

SIGNATURE
    After reasonable inquiry and to the best of our knowledge and belief, we certify that the information in this statement is true, complete and correct.
Dated: May 29, 2007
         
    RENOVA MEDIA ENTERPRISES LTD.
 
       
 
  By:   /s/ Evgenia Loewe
 
       
 
  Name:   Evgenia Loewe
 
  Title:   Attorney-in-Fact
 
       
    RENOVA INDUSTRIES LTD.
 
       
 
  By:   /s/ Evgenia Loewe
 
       
 
  Name:   Evgenia Loewe
 
  Title:   Attorney-in-Fact
 
       
    CMCR MANAGEMENT LIMITED
 
       
 
  By:   /s/ Yana Davydkina
 
       
 
  Name:   Yana Davydkina
 
  Title:   Attorney-in-Fact
 
       
    RENOVA HOLDING LTD.
 
       
 
  By:   /s/ Evgenia Loewe
 
       
 
  Name:   Evgenia Loewe
 
  Title:   Attorney-in-Fact
 
       
    ZAO PR TELECOM
 
       
 
  By:   /s/ Yana Davydkina
 
       
 
  Name:   Yana Davydkina
 
  Title:   Attorney-in-Fact

12


 

         
    ZAO PRIPACHKIN I DOCH
 
       
 
  By:   /s/ Yana Davydkina
 
       
 
  Name:   Yana Davydkina
 
  Title:   Attorney-in-Fact
 
       
    YURI PRIPACHKIN
 
       
 
  By:   /s/ Yana Davydkina
 
       
 
  Name:   Yana Davydkina
 
  Title:   Attorney-in-Fact
 
       
    COLUMBUS TRUST
 
       
 
  By:   /s/ Evgenia Loewe
 
       
 
  Name:   Evgenia Loewe
 
  Title:   Attorney-in-Fact
 
       
    VICTOR VEKSELBERG
 
       
 
  By:   /s/ Evgenia Loewe
 
       
 
  Name:   Evgenia Loewe
 
  Title:   Attorney-in-Fact

13

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