-----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, BS+LS9oxqGadVpiio3iML24PLI1ocDVU1yn/5qA7juq4rDmR+bE++UtWwjhkQ6lZ hCcd/zgQzi+jPlyyQLVmUQ== 0001141218-03-000150.txt : 20031010 0001141218-03-000150.hdr.sgml : 20031010 20031009193603 ACCESSION NUMBER: 0001141218-03-000150 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031010 GROUP MEMBERS: DAVID F. FIRESTONE GROUP MEMBERS: MERCATOR FOCUS FUND, L.P. GROUP MEMBERS: MERCATOR MOMENTUM FUND III, L.P. GROUP MEMBERS: MERCATOR MOMENTUM FUND, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CALYPTE BIOMEDICAL CORP CENTRAL INDEX KEY: 0000899426 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] IRS NUMBER: 061226727 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-50235 FILM NUMBER: 03935910 BUSINESS ADDRESS: STREET 1: 1265 HARBOR BAY PARKWAY CITY: ALAMEDA STATE: CA ZIP: 94502- BUSINESS PHONE: 5107495100 MAIL ADDRESS: STREET 1: 1265 HARBOR BAY PKWY CITY: ALAMEDA STATE: CA ZIP: 94502 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MERCATOR ADVISORY GROUP LLC CENTRAL INDEX KEY: 0001218181 IRS NUMBER: 300021359 FILING VALUES: FORM TYPE: SC 13G 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 SC 13G 1 mercatorcalypte13g.txt MERCATOR / CALYPTE SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. __)* CALYPTE BIOMEDICAL CORPORATION ------------------------------ (Name of Issuer) Common Stock ------------------------------ (Title of Class of Securities) 131722100 ------------ (CUSIP Number) September 12, 2002 ----------------------------------------------------- (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. 131722100 Page 2 of 17 Pages - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 1,846,240 WITH ------------------------------------------------------------- BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON ------------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 1,846,240 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,846,240 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.08% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP No. 131722100 Page 3 of 17 Pages - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 0 WITH ------------------------------------------------------------- BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON ------------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP No. 131722100 Page 4 of 17 Pages - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Mercator Focus Fund, L.P. EIN:45-0495231 - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 3,970,695 WITH ------------------------------------------------------------- BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON ------------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 3,970,695 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,970,695 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.40% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP No. 131722100 Page 5 of 17 Pages - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 Mercator Advisory Group, 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH REPORTING 5,816,935, all of which are held by Mercator PERSON Momentum Fund and Mercator Focus Fund (together, the "Funds"). Mercator Advisory Group, LLC ("MAG") WITH is the general partner of Funds. BENEFICIALLY ------------------------------------------------------------- OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON ------------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 5,816,935, all of which are held by the Funds. MAG is the general partner of each of the Funds. - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,816,935 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.11% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IA - -------------------------------------------------------------------------------- SCHEDULE 13G CUSIP No. 131722100 Page 6 of 17 Pages - -------------------------------------------------------------------------------- NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 1 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 - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 0 BENEFICIALLY ------------------------------------------------------------- OWNED BY EACH 6 SHARED VOTING POWER REPORTING PERSON 5,816,935, all of which are held by the Funds. David F. Firestone is Managing Member of MAG. WITH ------------------------------------------------------------- BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON ------------------------------------------------------------- WITH 8 SHARED DISPOSITIVE POWER 5,816,935, all of which are held by the Funds. David F. Firestone is Managing Member of MAG. - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,816,935 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.11% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- Item 1. Issuer. (a) The name of the issuer is Calypte Biomedical Corporation (the "Issuer"). (b) The address of the Issuer's principal executive office is 1265 Harbor Bay Parkway, Alameda, California 94502. Item 2. Reporting Person and Security. (a) Mercator Momentum Fund, L.P. ("Momentum Fund"), Mercator Momentum Fund III, L.P. ("Momentum Fund III") and Mercator Focus Fund, L.P. ("Focus Fund " and, with Momentum Fund and Momentum Fund III, the "Funds") are private investment limited partnerships organized under California law. The general partner of each of the Funds is Mercator Advisory Group, LLC ("MAG"), a California limited liability company. David F. Firestone is the Managing Member of MAG. The Funds, 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 4500, Los Angeles, CA 90071. (c) Each of the Funds is a California limited partnership. MAG, their general partner, is a California limited liability company. (d) The title of the class of securities to which this statement relates is the common stock of the Issuer (the "Common Stock"). (e) The CUSIP number is 131722100. 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). (e) [ ] An investment adviser in accordance with Section 240.13d-1(b)- (1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G). Page 7 of 17 Pages (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 Section 240.13d-1(b)(1)(ii)(J). Not Applicable. Item 4. Ownership. On October 22, 2002, Momentum Fund acquired a debenture of the Issuer which was convertible into shares of Common Stock at a rate which varied with the market price of the Common Stock on the date of conversion. The debenture contained a clause prohibiting any conversion that would result in the Reporting Persons owning beneficially more than 9.999% of the outstanding Common Stock as determined under Section 13(d) of the Securities Exchange Act of 1934. As a result, at the time of its acquisition, the debenture was convertible into 313,920 shares of Common Stock, which, if issued, would have represented 9.99% of the outstanding Common Stock. As a result, on October 22, 2002, Momentum Fund, MAG and Firestone became beneficial owners of more than 5% of the outstanding Common Stock. Momentum Fund also acquired a warrant to purchase 100,000 shares of Common Stock on October 22, 2002, and Momentum Fund and MAG each received 8,333 shares of Common Stock in payment of fees owing by the Issuer. On January 13, 2003, Focus Fund acquired a debenture of the Issuer which was convertible into shares of Common Stock at a rate which varied with the market price of the Common Stock on the date of conversion. The debenture contained a clause prohibiting any conversion that would result in the Reporting Persons owning beneficially more than 9.99% of the outstanding Common Stock as determined under Section 13(d) of the Securities Exchange Act of 1934. As a result, at the time of its acquisition, the debenture was convertible into 421,108 shares of Common Stock, which, if issued, would have represented 9.99% of the outstanding Common Stock. As a result, on January 13, 2003, Focus Fund became the beneficial owner of more than 5% of the outstanding Common Stock. Subsequently, Momentum Fund, Focus Fund and Momentum Fund III each acquired one or more other debentures which were also convertible into shares of Common Stock at rates which varied with the market price of the Common Stock on the date of conversion. As a result of the variable conversion rates of all of the debentures, the number of shares of Common Stock beneficially owned by the Reporting Persons has continuously fluctuated based upon changes in the market price of the Common Stock. Each of the debentures issued after January 13, 2003, contained a clause prohibiting any conversion that would result in the Reporting Page 8 of 17 Pages 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 clauses, and the clause limiting beneficial ownership to 9.999% contained in the debentures issued in 2002, the Reporting Persons have never had beneficial ownership of more than 9.999% of the shares of Common Stock. The tables below set forth information regarding the aggregate number of shares of Common Stock beneficially owned by each of the Reporting Persons and their percentages of beneficial ownership as of the dates indicated. The Issuer effected a 1:30 reverse stock split with respect to the Common Stock on May 20, 2003. The figures set forth below relating to dates prior to the effectiveness of the reverse stock split have been adjusted to give effect to the reverse stock split. Page 9 of 17 Pages 10/22/02 12/31/02 1/13/03 10/08/03 -------- -------- ------- -------- Momentum Fund - ------------- Shares beneficially owned 313,920 421,529 199,651 1,846,240 Percent of Class 9.999% 9.999% 4.999% 3.08% Sole Voting Power 0 0 0 0 Shared Voting Power 313,920 421,529 199,651 1,846,240 Sole Dispositive Power 0 0 0 0 Shared Dispositive Power 313,920 421,529 199,651 1,846,240 10/22/02 12/31/02 1/13/03 10/08/03 -------- -------- ------- -------- Focus Fund - ---------- Shares beneficially owned 0 0 421,108 3,970,695 Percent of Class 0 0 9.99% 6.40% Sole Voting Power 0 0 0 0 Shared Voting Power 0 0 421,108 3,970,695 Sole Dispositive Power 0 0 0 0 Shared Dispositive Power 0 0 421,108 3,970,695 Page 10 of 17 Pages 10/22/02 12/31/02 1/13/03 10/08/03 -------- -------- ------- -------- Momentum Fund III - ----------------- Shares beneficially owned 0 0 0 0 Percent of Class 0 0 0 0 Sole Voting Power 0 0 0 0 Shared Voting Power 0 0 0 0 Sole Dispositive Power 0 0 0 0 Shared Dispositive Power 0 0 0 0 10/22/02 12/31/02 1/13/03 10/08/03 -------- -------- ------- -------- MAG - --- Shares beneficially owned 313,920 421,529 421,108 5,816,935 Percent of Class 9.999% 9.999% 9.99% 9.11% Sole Voting Power 0 0 0 0 Shared Voting Power 313,920 421,529 421,108 5,816,935 Sole Dispositive Power 0 0 0 0 Shared Dispositive Power 313,920 421,529 421,108 5,816,935 Page 11 of 17 Pages 10/22/02 12/31/02 1/13/03 10/08/03 -------- -------- ------- -------- David F. Firestone - ------------------ Shares beneficially owned 313,920 421,529 421,108 5,816,935 Percent of Class 9.999% 9.999% 9.99% 9.11% Sole Voting Power 0 0 0 0 Shared Voting Power 313,920 421,529 421,108 5,816,935 Sole Dispositive Power 0 0 0 Share Dispositive Power 313,920 421,529 421,108 5,816,935 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. 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. Page 12 of 17 Pages 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. Page 13 of 17 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: October 9, 2003 MERCATOR MOMENTUM FUND, L.P. By: MERCATOR ADVISORY GROUP, LLC, its general partner By: /s/ David F. Firestone ____________________________________ David F. Firestone, Managing Member Dated: October 9, 2003 MERCATOR MOMENTUM FUND III, L.P. By: MERCATOR ADVISORY GROUP, LLC, its general partner By: /s/ David F. Firestone ____________________________________ David F. Firestone, Managing Member Dated: October 9, 2003 MERCATOR FOCUS FUND, L.P. By: MERCATOR ADVISORY GROUP, LLC, its general partner By: /s/ David F. Firestone ____________________________________ David F. Firestone, Managing Member Dated: October 9, 2003 MERCATOR ADVISORY GROUP, LLC By: /s/ David F. Firestone ____________________________________ David F. Firestone, Managing Member Dated: October 9, 2003 /s/ David F. Firestone _____________________________________ David F. Firestone Page 14 of 17 Pages EXHIBIT INDEX Exhibit A Agreement of Joint Filing Page 15 of 17 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 the Schedule 13G, dated October 9, 2003, containing the information required by Schedule 13G, for shares of the common stock of Calypte Biomedical Corporation beneficially owned by Mercator Momentum Fund, L.P., Mercator Focus Fund, L.P., Mercator Momentum Fund III, L.P. and Mercator Advisory Group, LLC and such other holdings as may be reported therein. Dated: October 9, 2003 MERCATOR MOMENTUM FUND, L.P. By: MERCATOR ADVISORY GROUP, LLC, its general partner By: /s/ David F. Firestone ____________________________________ David F. Firestone, Managing Member MERCATOR MOMENTUM FUND III, LP By: MERCATOR ADVISORY GROUP, LLC, its general partner By: /s/ David F. Firestone ____________________________________ David F. Firestone, Managing Member MERCATOR FOCUS FUND, LP By: MERCATOR ADVISORY GROUP, LLC, its general partner By: /s/ David F. Firestone ____________________________________ David F. Firestone, Managing Member Page 16 of 17 Pages MERCATOR ADVISORY GROUP, LLC By: /s/ David F. Firestone ____________________________________ David F. Firestone, Managing Member /s/ David F. Firestone _________________________________________ David F. Firestone Page 17 of 17 Pages -----END PRIVACY-ENHANCED MESSAGE-----