-----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, K5PajySa9sEL1nLX4JI2AQp3h3JcF8W9G9o9Ei7xx8j9AmoePlY4eJX012tYccQO BjTwmka+2vw5Jif98FlfuA== 0001104659-06-038840.txt : 20060601 0001104659-06-038840.hdr.sgml : 20060601 20060601161927 ACCESSION NUMBER: 0001104659-06-038840 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060601 DATE AS OF CHANGE: 20060601 GROUP MEMBERS: AUGUSTINE CAPITAL MANAGEMENT, LLC GROUP MEMBERS: BRIAN D. PORTER GROUP MEMBERS: JOHN T. PORTER GROUP MEMBERS: THOMAS F. DUSZYNSKI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAID INC CENTRAL INDEX KEY: 0001017655 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 731479833 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-51413 FILM NUMBER: 06880324 BUSINESS ADDRESS: STREET 1: 4 BRUSSELS STREET STREET 2: SUITE 220 CITY: WORCESTER STATE: MA ZIP: 01610 BUSINESS PHONE: 5166254040 MAIL ADDRESS: STREET 1: 7633 EAST 63RD PL STREET 2: SUITE 220 CITY: TULSA STATE: OK ZIP: 74133 FORMER COMPANY: FORMER CONFORMED NAME: SALES ONLINE DIRECT INC DATE OF NAME CHANGE: 19990525 FORMER COMPANY: FORMER CONFORMED NAME: SECURITIES RESOLUTION ADVISORS INC DATE OF NAME CHANGE: 19980814 FORMER COMPANY: FORMER CONFORMED NAME: ROSE INTERNATIONAL LTD DATE OF NAME CHANGE: 19960627 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AUGUSTINE FUND LP CENTRAL INDEX KEY: 0001053372 IRS NUMBER: 364186782 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 141 WEST JACKSON BLVD STE 1792 CITY: CHICAGO STATE: IL ZIP: 60604 MAIL ADDRESS: STREET 1: 141 WEST JACKSON BLVD. STE. 2182 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13G 1 a06-12986_1sc13g.htm BENEFICIAL OWNERSHIP OF 5% OR MORE

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549



 

SCHEDULE 13G

 

 

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

 

Paid, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

69561N 20 4

(CUSIP Number)

May 25, 2006

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

ý

Rule 13d-1(c)

o

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. 69561N 20 4

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Augustine Fund, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Illinois

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
22,759,741

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
22,759,741

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,759,741

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
10.77%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

 

2


 

CUSIP No. 69561N 20 4

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Augustine Capital Management, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
22,759,741

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
22,759,741

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,759,741

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
10.77%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

3


 

CUSIP No. 69561N 20 4

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
John T. Porter

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power 
22,759,741

 

7.

Sole Dispositive Power 
0

 

8.

Shared Dispositive Power
22,759,741

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,759,741

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
10.77%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

4


 

CUSIP No. 69561N 20 4

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Brian D. Porter

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
22,759,741

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
22,759,741

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,759,741

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
10.77%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

5


 

CUSIP No. 69561N 20 4

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Thomas F. Duszynski

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

ý

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
-0-

 

6.

Shared Voting Power 
22,759,741

 

7.

Sole Dispositive Power 
-0-

 

8.

Shared Dispositive Power
22,759,741

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,759,741

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
10.77%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

6


 

Item 1.

 

(a)

Name of Issuer
Paid, Inc.

 

(b)

Address of Issuer’s Principal Executive Offices
4 Brussels St. 69561N 20 4

Suite 220

Worcester, MA  01610

 

Item 2.

 

(a)

Name of Person Filing
Augustine Fund, L.P.

Augustine Capital Management, LLC

John T. Porter

Brian D. Porter

Thomas F. Duszynski

 

(b)

Address of Principal Business Office or, if none, Residence
The business address of each person filing is 141 West Jackson Boulevard, Suite 2182, Chicago, Illinois 60604.

 

(c)

Citizenship
Augustine Fund, L.P. is an Illinois limited partnership.

Augustine Capital Management, LLC is a Delaware limited liability company.

John T. Porter, Brian D. Porter and Thomas F. Duszynski are all United States citizens and residents of the State of Illinois.

 

(d)

Title of Class of Securities
Common Stock

 

(e)

CUSIP Number
69561N 20 4

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

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)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Not Applicable

 

7


 

Item 4.

Ownership

Augustine Fund, L.P.  (“Augustine Fund”) may be deemed to share power to vote and dispose of the shares owned of record with its general partner Augustine Capital Management (“Augustine Capital”) and with the controlling members, directors and officers of Augustine Capital:   John T. Porter, Brian D. Porter and Thomas F. Duszynski.

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:

The Group Members beneficially own 22,759,741 shares of the Common Stock

 

(b)

Percent of class:

The Group Members beneficially own 10.77%.

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote
-0-

 

 

(ii)

Shared power to vote or to direct the vote
22,759,741

 

 

(iii)

Sole power to dispose or to direct the disposition of
-0-

 

 

(iv)

Shared power to dispose or to direct the disposition of
22,759,741

 

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   o.

 

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

See Attached Exhibit A – Joint Filing Agreement

 

Item 9.

Notice of Dissolution of Group

Not Applicable

 

Item 10.

Certification

Not Applicable

 

8


 

SIGNATURE

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 and effect. [if statement is being filed pursuant to §240.13d-1(c)]

 

 

Dated:

May 31, 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AUGUSTINE FUND, L.P.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By: AUGUSTINE CAPITAL MANAGEMENT, LLC

 

 

 

 

 

 

 

General Partner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ John T. Porter

 

 

 

 

 

 

 

 

John T. Porter, President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By: AUGUSTINE CAPITAL MANAGEMENT, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ John T. Porter

 

 

 

 

 

 

 

 

John T. Porter, President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ John T. Porter

 

 

 

 

 

 

 

 

John T. Porter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Brian D. Porter

 

 

 

 

 

 

 

 

Brian D. Porter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Thomas F. Duszynski

 

 

 

 

 

 

 

 

Thomas F. Duszynski

 

 

 

9


 

EXHIBITA

JOINT FILING AGREEMENT

 

Pursuant to Rule 13-d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that the Schedule 13G to which this Joint Filing Agreement is being filed as an exhibit shall be a joint statement filed on behalf of each of the undersigned.

 

 

Date:  May 31, 2006

 

 

AUGUSTINE FUND, L.P.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By: AUGUSTINE CAPITAL MANAGEMENT, LLC

 

 

 

 

 

General Partner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ John T. Porter

 

 

 

 

 

 

 

John T. Porter, President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By: AUGUSTINE CAPITAL MANAGEMENT, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

  /s/ John T. Porter

 

 

 

 

 

 

 

  John T. Porter, President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ John T. Porter

 

 

 

 

 

 

John T. Porter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Brian D. Porter

 

 

 

 

 

 

Brian D. Porter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Thomas F. Duszynski

 

 

 

 

 

 

Thomas F. Duszynski

 

 

10

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