-----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, TOffGAccCwxtbLV7kcp6pjzvPmvob2nhT/4zwOwshnEJEl0p6qHeEHuCCHbHGEdr 6dD8GnRne4pWsTmb9iHKNQ== 0001277779-06-000004.txt : 20060213 0001277779-06-000004.hdr.sgml : 20060213 20060213170625 ACCESSION NUMBER: 0001277779-06-000004 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060213 DATE AS OF CHANGE: 20060213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LION INC/WA CENTRAL INDEX KEY: 0000941179 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 912094375 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61013 FILM NUMBER: 06604627 BUSINESS ADDRESS: STREET 1: 4700-42ND AVE. SW, SUITE 430 CITY: SEATTLE STATE: WA ZIP: 98116 BUSINESS PHONE: 2065771440 MAIL ADDRESS: STREET 1: 4700-42ND AVE. SW, SUITE 430 CITY: SEATTLE STATE: WA ZIP: 98116 FORMER COMPANY: FORMER CONFORMED NAME: PLENUM COMMUNICATIONS INC/MN DATE OF NAME CHANGE: 20000331 FORMER COMPANY: FORMER CONFORMED NAME: LION INC DATE OF NAME CHANGE: 19991115 FORMER COMPANY: FORMER CONFORMED NAME: PLENUM COMMUNICATIONS INC DATE OF NAME CHANGE: 19981209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONTINENTAL ADVISORS LLC CENTRAL INDEX KEY: 0001277779 IRS NUMBER: 364290779 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 NORTH WACKER DR STREET 2: SUITE 4140 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3123773777 MAIL ADDRESS: STREET 1: 1 NORTH WACKER DRIVE STREET 2: SUITE 4140 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13G/A 1 linn060213.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ____1______)* LION, Inc. (Name of Issuer) Common Stock, $.01 par value (Title of Class of Securities) 53620L102 (CUSIP Number) December 31, 2005 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ x ]Rule 13d-1(b) [ ]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). CUSIP No. 53620L102 1.Names of Reporting Persons. Continental Advisors LLC I.R.S. Identification Nos. of above persons (entities only). 2. Check the Appropriate Box if a Member of a Group (See Instructions) Not Applicable (a) (b) 3.SEC Use Only 4.Citizenship or Place of Organization Delaware 5.Sole Voting Power 0 Number of Shares Beneficially 6.Shared Voting Power Owned by 2,159,150 common shares Each Reporting Person With 7.Sole Dispositive Power 0 8.Shared Dispositive Power 2,159,150 common shares 9.Aggregate Amount Beneficially Owned by Each Reporting Person 2,159,150 common shares 10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] Not Applicable 11.Percent of Class Represented by Amount in Row (9) 5.6% 12.Type of Reporting Person (See Instructions) IA, OO CUSIP No. 53620L102 1.Names of Reporting Persons. David P. Purcell I.R.S. Identification Nos. of above persons (entities only). 2. Check the Appropriate Box if a Member of a Group (See Instructions) Not Applicable (a) (b) 3.SEC Use Only 4.Citizenship or Place of Organization United States of America 5.Sole Voting Power 0 Number of Shares Beneficially 6.Shared Voting Power Owned by 2,159,150 common shares Each Reporting Person With 7.Sole Dispositive Power 0 8.Shared Dispositive Power 2,159,150 common shares 9.Aggregate Amount Beneficially Owned by Each Reporting Person 2,159,150 common shares 10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] Not Applicable 11.Percent of Class Represented by Amount in Row (9) 5.6% 12.Type of Reporting Person (See Instructions IN, HC Item 1. (a)Name of Issuer: LION, Inc. (LINN) (b)Address of Issuer's Principal Executive Offices: 4700-42nd Ave. SW, Suite 430 Seattle, WA 98116 Item 2. (a)Name of Person Filing: Continental Advisors LLC David P. Purcell as required by rule 13D-1(k)(1), exhibit A to this schedule 13G contains the joint filing agreement entered into by each of the persons filing this schedule 13G. (b)Address of Principal Business Office or, if none, Residence: The persons filing this schedule 13G share the same principal business address: One North Wacker Drive Suite 4140 Chicago, IL 60606 (c)Citizenship: Continental Advisors LLC - Delaware David P. Purcell - United States of America (d)Title of Class of Securities: Common Stock, $.01 par value (cusip: 285562500) (e)CUSIP Number: 53620L102 Item 3.If this statement is filed pursuant to S240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Broker Dealer [ ] Bank [ ] Insurance Company [ ] Investment Company [ ] Investment Adviser [Continental Advisors LLC] [x] Employee Benefit Plan, Pension Fund, or Endowment Fund [ ] Parent Holding Company/Control Person [ ] Savings Association [ ] Church Plan [ ] Corporation [ ] Partnership [ ] Individual [David P. Purcell] [x] Other [ ] Item 4.Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a)Amount beneficially owned: Continental Advisors LLC: 2,159,150 common shares David P. Purcell: 2,159,150 common shares (b)Percent of class: Continental Advisors LLC: 5.6% of class David P. Purcell: 5.6% of class (c)Number of shares as to which the person has: Continental Advisors LLC (i)Sole power to vote or to direct the vote: 0 Continental Advisors LLC (ii)Shared power to vote or to direct the vote: 2,159,150 Continental Advisors LLC (iii)Sole power to dispose or to direct the disposition of: 0 Continental Advisors LLC (iv)Shared power to dispose or to direct the disposition of: 2,159,150 (c)Number of shares as to which the person has: David P. Purcell (i)Sole power to vote or to direct the vote: 0 David P. Purcell (ii)Shared power to vote or to direct the vote: 2,159,150 David P. Purcell (iii)Sole power to dispose or to direct the disposition of: 0 David P. Purcell (iv)Shared power to dispose or to direct the disposition of: 2,159,150 Item 5.Ownership of Five Percent or Less of a Class If this statement 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. David P. Purcell is the control person of Continental Advisors LLC and accordingly has filed this Schedule 13G pursuant to rule 13D-1(b)(ii)(G). Item 8.Identification and Classification of Members of the Group. Not Applicable Item 9.Notice of Dissolution of Group. Not Applicable Item 10.Certification (b)The following certification shall be included if the statement is filed pursuant to S240.13d-1(c): 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. 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. _____/s/ David P. Purcell____ ________February 13, 2006__________ David P. Purcell Date Signature of Reporting Person Continental Advisors LLC __By:/s/ David P. Purcell____ ________February 13, 2006_________ David P. Purcell Date Managing Member Exhibit A AGREEMENT The undersigned agree that this Schedule 13G dated February 13, 2006 relating to the Common Stock, par value $.01 of Lion, Inc. (LINN) shall be filed on behalf of the undersigned. _____/s/ David P. Purcell____ ________February 13, 2006__________ David P. Purcell Date Signature of Reporting Person Continental Advisors LLC __By:/s/ David P. Purcell____ ________February 13, 2006_________ David P. Purcell Date Managing Member -----END PRIVACY-ENHANCED MESSAGE-----