0001169232-05-000994.txt : 20120725
0001169232-05-000994.hdr.sgml : 20120725
20050215111650
ACCESSION NUMBER: 0001169232-05-000994
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050215
DATE AS OF CHANGE: 20050215
GROUP MEMBERS: DAVID F. FIRESTONE
GROUP MEMBERS: MERCATOR MOMENTUM FUND III, L.P.
GROUP MEMBERS: MERCATOR MOMENTUM FUND, L.P.
GROUP MEMBERS: MONARCH POINTE FUND, LTD.
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: M WAVE INC
CENTRAL INDEX KEY: 0000883842
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679]
IRS NUMBER: 363809819
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-43060
FILM NUMBER: 05615381
BUSINESS ADDRESS:
STREET 1: 216 EVERGREEN ST
CITY: BENSENVILLE ILLINOIS
STATE: IL
ZIP: 60106
BUSINESS PHONE: 6308609542
MAIL ADDRESS:
STREET 1: 475 INDUSTRIAL BLVD
CITY: W CHICAGO
STATE: IL
ZIP: 60106
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: M.A.G. Capital, LLC
CENTRAL INDEX KEY: 0001218181
IRS NUMBER: 300021359
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 555 S. FLOWER ST.
STREET 2: SUITE 4500
CITY: LOS ANGELES
STATE: CA
ZIP: 90071
BUSINESS PHONE: 2135338288
MAIL ADDRESS:
STREET 1: 555 SOUTH FLOWER ST.
STREET 2: SUITE 4500
CITY: LOS ANGELES
STATE: CA
ZIP: 90071
FORMER COMPANY:
FORMER CONFORMED NAME: MERCATOR ADVISORY GROUP LLC
DATE OF NAME CHANGE: 20030210
SC 13G/A
1
d62416_sc13g-a.txt
AMENDMENT NO. 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
M-WAVE, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
554034108
(CUSIP Number)
December 31, 2004
(Date of Event Which Requires Filing of this Statement)
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
SCHEDULE 13G
------------------- ------------------
CUSIP No. 554034108 Page 2 of 13 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mercator Momentum Fund, L.P.
EIN:03-0021366
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 523,306
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 523,306
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
523,306
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
-2-
SCHEDULE 13G
------------------- ------------------
CUSIP No. 554034108 Page 3 of 13 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mercator Momentum Fund III, L.P.
EIN:32-0056070
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 523,306
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 523,306
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
523,306
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
-3-
SCHEDULE 13G
------------------- ------------------
CUSIP No. 554034108 Page 4 of 13 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Monarch Pointe Fund, Ltd.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 523,306
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 523,306
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
523,306
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
-4-
SCHEDULE 13G
------------------- ------------------
CUSIP No. 554034108 Page 5 of 13 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
M.A.G. Capital, LLC
EIN: 300021359
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 523,306, some of which are held by Mercator Momentum Fund
and Mercator Momentum Fund III (together, the "Funds"), some
of which are owned by Monarch Pointe Fund, Ltd. ("MPF"), and
some of which are owned by M.A.G. Capital, LLC ("MAG"). MAG
is the general partner of the Funds and controls the
investments of MPF.
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 523,306, some of which are held by the Funds, some by MPF
and some by MAG.
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
523,306
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
-5-
SCHEDULE 13G
------------------- ------------------
CUSIP No. 554034108 Page 6 of 13 Pages
------------------- ------------------
--------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David F. Firestone
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 523,306, all of which are held by the Funds, MPF and MAG.
David F. Firestone is Managing Member of MAG.
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 523,306, all of which are held by the Funds, MPF and MAG.
David F. Firestone is Managing Member of MAG.
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
523,306
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99%
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-6-
SCHEDULE 13G
------------------- ------------------
CUSIP No. 554034108 Page 7 of 13 Pages
------------------- ------------------
This statement is hereby amended and restated in its entirety as follows:
Item 1. Issuer.
(a) The name of the issuer is M-Wave, Inc. (the "Issuer").
(b) The address of the Issuer's principal executive office is 475
Industrial Drive, West Chicago, IL 60185.
Item 2. Reporting Person and Security.
(a) Mercator Momentum Fund, L.P. ("Momentum Fund") and Mercator Momentum
Fund III, L.P. ("Momentum Fund III" and, with Momentum Fund, the "Funds") are
private investment limited partnerships organized under California law. The
general partner of each of the Funds is M.A.G. Capital, LLC ("MAG"), a
California limited liability company. David F. Firestone is the Managing Member
of MAG. Monarch Pointe Fund, Ltd. ("MPF") is a corporation organized under the
laws of the British Virgin Island. MAG controls the investments of MPF. The
Funds, MPF, MAG and David F. Firestone are referred to herein as the "Reporting
Persons."
(b) The business address of each of the Funds, MAG and David F. Firestone
is 555 S. Flower Street, Suite 4200, Los Angeles, CA 90071. The business address
of MPF is c/o Bank of Ireland Securities Services, Ltd., New Century House,
International Financial Services Center, Mayor Street Lower, Dublin 1, Republic
of Ireland.
(c) Each of the Funds is a California limited partnership. MAG, their
general partner, is a California limited liability company. MPF is a corporation
organized under the laws of the British Virgin Islands.
(d) The title of the class of securities to which this statement relates
is the common stock of the Issuer, par value $.005 per share (the "Common
Stock").
(e) The CUSIP number is 554034108.
Item 3. If This Statement is Filed Pursuant to Rule 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 (15
U.S.C. 78o).
(b) |_| Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) |_| Insurance company as defined in Section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) |_| Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
-7-
SCHEDULE 13G
------------------- ------------------
CUSIP No. 554034108 Page 8 of 13 Pages
------------------- ------------------
(e) |_| An investment adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E).
(f) |_| An employee benefit plan or endowment fund in accordance with
ss. 240.13d-1(b)(1)(ii)(F).
(g) |_| A parent holding company or control person in accordance with
ss. 240.13d-1(b)(1)(ii)(G).
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(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 (15 U.S.C. 80a-3).
(j) |_| Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).
Not Applicable.
Item 4. Ownership.
The Funds, MPF and MAG each own warrants to purchase shares of Common
Stock. The Funds and MPF each own shares of Common Stock and shares of the
Issuer's Series A Convertible Preferred Stock (the "Series A Stock") which is
convertible into Common Stock. Each share of Series A Stock is convertible into
the number of shares of Common Stock determined by dividing $100 by the
Conversion Price at the time of conversion. The Conversion Price is defined as
85% of the average of the lowest three inter-day trading prices of the Common
Stock during the ten trading days preceding the conversion; providing, however,
that the Conversion Price may not be less than $0.98 or more than $1.15,
adjusted for stock splits and similar events. The documentation governing the
terms of the warrants and the Series A Stock contains provisions prohibiting any
exercise of the warrants or conversion of Series A Stock that would result in
the Reporting Persons owning beneficially more than 9.99% of the outstanding
shares of Common Stock as determined under Section 13(d) of the Securities
Exchange Act of 1934. As a result of these provisions, the Reporting Persons
have never had beneficial ownership of more than 9.99% of the outstanding shares
of Common Stock.
As of December 31, 2004, the Funds, MPF and MAG owned the following
securities of the Issuer:
Momentum Fund owned 15,490 shares of common stock, 10,320 shares of Series
A Stock and warrants to purchase up to 270,900 shares of Common Stock.
Momentum Fund III owned 11,190 shares of common stock, 7,200 shares of
Series A Stock and warrants to purchase up to 190,470 shares of Common Stock.
MPF owned 8,889 shares of common stock, 6,480 shares of Series A Stock and
warrants to purchase up to 168,630 shares of Common Stock.
-8-
SCHEDULE 13G
------------------- ------------------
CUSIP No. 554034108 Page 9 of 13 Pages
------------------- ------------------
MAG owned warrants to purchase up to 900,000 shares of Common Stock.
David F. Firestone owned no securities of the Issuer directly.
The right to vote and the right to dispose of the shares beneficially
owned by Momentum Fund, Momentum Fund III and MPF are, in each case, shared
among either Momentum Fund, Momentum Fund III or MPF, as applicable, and both
MAG and David F. Firestone. The right to vote and the right to dispose of the
shares beneficially owned by MAG are shared by MAG and David F. Firestone.
Assuming that the Issuer had 4,750,566 shares of Common Stock outstanding
as of December 31, 2004, which is the number reported by the Issuer as
outstanding as of September 30, 2004 in its Quarterly Report on Form 10-QSB for
the quarter ended September 30, 2004, the individual Reporting Persons had, as
of December 31, 2004, beneficial ownership of the following numbers of shares of
Common Stock which represented the following percentages of the Common Stock
outstanding:
Shares Owned Percentage
------------ ----------
Momentum Fund 523,306 9.99%
Momentum Fund III 523,306 9.99%
MPF 523,306 9.99%
MAG 523,306 9.99%
David F. Firestone 523,306 9.99%
The percentages of the outstanding Common Stock held by the Reporting
Parties Fund set forth above and on the cover pages to this report were
determined, using a Conversion Price of $1.01 with respect to the Series A
Stock.
Item 5. Ownership of Five Percent or Less of a Class.
If this Schedule 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 [__]
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
-9-
SCHEDULE 13G
------------------- -------------------
CUSIP No. 554034108 Page 10 of 13 Pages
------------------- -------------------
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Person.
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. Certifications.
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.
-10-
SCHEDULE 13G
------------------- -------------------
CUSIP No. 554034108 Page 11 of 13 Pages
------------------- -------------------
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: February 14, 2005 MERCATOR MOMENTUM FUND, L.P.
By: M.A.G. CAPITAL, LLC,
its general partner
By: /s/ Harry Aharonian
----------------------------------
Harry Aharonian, Portfolio Manager
Dated: February 14, 2005 MERCATOR MOMENTUM FUND III, L.P.
By: M.A.G. CAPITAL, LLC,
its general partner
By: /s/ Harry Aharonian
----------------------------------
Harry Aharonian, Portfolio Manager
Dated: February 14, 2005 MONARCH POINTE FUND, LTD.
By: /s/ Harry Aharonian
----------------------------------
Harry Aharonian, Director
Dated: February 14, 2005 M.A.G. CAPITAL, LLC
By: /s/ Harry Aharonian
----------------------------------
Harry Aharonian, Portfolio Manager
Dated: February 14, 2005
/s/ David F. Firestone
--------------------------------------
David F. Firestone
-11-
SCHEDULE 13G
------------------- -------------------
CUSIP No. 554034108 Page 12 of 13 Pages
------------------- -------------------
EXHIBIT INDEX
Exhibit A Agreement of Joint Filing
-12-
SCHEDULE 13G
------------------- -------------------
CUSIP No. 554034108 Page 13 of 13 Pages
------------------- -------------------
EXHIBIT A
AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly pursuant to Rule
13d-1 of the Securities Exchange Act of 1934 a report on Schedule 13G,
containing the information required by Schedule 13G, for shares of the common
stock of M-Wave, Inc. beneficially owned by Mercator Momentum Fund, L.P.,
Mercator Momentum Fund III, L.P., Monarch Pointe Fund, Ltd., M.A.G. Capital, LLC
and David F. Firestone and such other holdings as may be reported therein.
Dated: February 14, 2005
MERCATOR MOMENTUM FUND, L.P.
By: M.A.G. CAPITAL, LLC,
its general partner
By: /s/ Harry Aharonian
----------------------------------
Harry Aharonian, Portfolio Manager
MERCATOR MOMENTUM FUND III, L.P.
By: M.A.G. CAPITAL, LLC,
its general partner
By: /s/ Harry Aharonian
----------------------------------
Harry Aharonian, Portfolio Manager
MONARCH POINTE FUND, LTD.
By: /s/ Harry Aharonian
----------------------------------
Harry Aharonian, Director
M.A.G. CAPITAL, LLC
By: /s/ Harry Aharonian
----------------------------------
Harry Aharonian, Portfolio Manager
/s/ David F. Firestone
--------------------------------------
David F. Firestone
-13-