SC 13D/A 1 formsc13da.htm LIVEDEAL INC SC 13D A 8-19-2009 formsc13da.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D
 
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
 
(Amendment No. 4)*

LIVEDEAL INC.
(Name of Issuer)

Common Stock, $0.001 par value per share
(Title of Class of Securities)

538144106
(CUSIP Number)
 
Joseph R. Huber
10940 Wilshire Blvd., Suite 925
Los Angeles, California 90024
310-207-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 
 August 19, 2009
 (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 this schedule, including all exhibits.  See §§240.13d-7 for other parties to whom copies are to be sent.

(continued on following pages)

(Page 1 of  6  Pages)
_______
*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).
 


 
 

 

1
NAMES OF REPORTING PERSONS
   
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
   
       
 
Joseph R. Huber
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
   
     
(a)  o
     
(b)  o
3
SEC USE ONLY
   
       
       
4
SOURCE OF FUNDS (See Instructions)
   
       
 
PF
   
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
o
       
       
6
CITIZENSHIP OR PLACE OF ORGANIZATION
   
       
 
United States
   
 
7
SOLE VOTING POWER
     
 
 
1,707,108
NUMBER OF
8
SHARED VOTING POWER
SHARES
   
BENEFICIALLY  
324,613
OWNED BY
9
SOLE DISPOSITIVE POWER
EACH
   
REPORTING
 
1,707,108
PERSON WITH
10
SHARED DISPOSITIVE POWER
     
   
324,613
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
       
 
2,031,721
   
12
CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
 
o
 
(See Instructions)
   
       
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
       
 
33.18%
   
14
TYPE OF REPORTING PERSON (See Instructions)
   
       
 
IN
   

 
 

 

1
NAMES OF REPORTING PERSONS
   
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
   
       
 
JRH Investments, LLC
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
   
     
(a)  o
     
(b)  o
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
   
       
 
Delaware
   
 
7
SOLE VOTING POWER
 
   
   
1,694,423
NUMBER OF
8
SHARED VOTING POWER
SHARES
   
BENEFICIALLY
 
0
OWNED BY
9
SOLE DISPOSITIVE POWER
EACH
   
REPORTING
 
1,694,423
PERSON WITH
10
SHARED DISPOSITIVE POWER
     
   
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
       
 
1,694,423
   
12
CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
 
o
 
(See Instructions)
   
       
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
       
 
27.67%
   
14
TYPE OF REPORTING PERSON (See Instructions)
   
       
 
OO
   

 
 

 

Item 1.
Security and Issuer.

This Schedule 13D relates to the beneficial ownership of Common Stock, $0.001 par value per share (the “Common Stock”) of LiveDeal, Inc. (the “Issuer”), whose principal place of business is located at 2490 East Sunset Road, Suite 100, Las Vegas, Nevada 89120.

ITEM 2.
IDENTITY AND BACKGROUND.

 
a.
This statement is filed by:

 
(i)
Joseph R. Huber, with respect to the shares of Common Stock beneficially owned directly and indirectly by him and by JRH Investments, LLC, a Delaware limited liability company (“JRH Investments”) that is 100% owned and managed by Mr. Huber; and

 
(ii)
JRH Investments with respect to the shares of Common Stock directly owned by it.

The foregoing persons are hereinafter collectively referred to as the “Reporting Persons”.

 
b.
The Reporting Persons’ business address is 10940 Wilshire Blvd., Suite 925, Los Angeles, California 90024.

 
c.
The principal occupation of Mr. Huber is his employment as Managing Member, Chief Executive Officer and Chief Investment Officer of Huber Capital Management, LLC (“HCM”).  The address of HCM’s executive offices is 10940 Wilshire Blvd., Suite 925, Los Angeles, California 90024.  The principal business of JRH Investments is serving as a private investment limited liability company.

 
d.
During the last five years, the Reporting Persons have not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

 
e.
During the last five years, the Reporting Persons were not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction making the Reporting Persons subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 
f.
Mr. Huber is a citizen of the United States.

ITEM 3.
SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

The Reporting Person acquired the Common Stock using personal funds.

 
 

 

ITEM 4.
PURPOSE OF TRANSACTION.

All of the shares of Common Stock were acquired by the Reporting Persons for investment purposes, with the exception of 10,000 shares of restricted Common Stock that were granted to Mr. Huber by the Issuer in connection with his service as a director. Mr. Huber was appointed to the Issuer's Board of Directors on August 19, 2009.  
 
The Reporting Persons may acquire additional shares of Common Stock but only through purchases from time to time in the open market at prices prevailing in the market at the time of such purchases or through privately negotiated transactions at prices which may or may not be related to prices prevailing in the open market at the time of such purchases, or by a combination of open market and privately negotiated transactions. The Reporting Persons’ acquisition of additional shares of Common Stock is, in all cases, subject to the availability of shares at prices deemed by him to be reasonable and consistent with prudent investment criteria and to general economic circumstances.  As prices and economic factors are not expected to be static, there can be no assurances that the Reporting Persons will purchase additional shares of Common Stock or that the Reporting Persons will be purchasing shares at any given time; nor can there be any prediction regarding the number of shares of Common Stock that they will own at any given time or from time to time. The Reporting Persons reserve the right to sell or otherwise dispose of any or all the shares of Common Stock the Reporting Persons own at any time or from time to time.

The Reporting Persons intend to continue to evaluate the Issuer’s business affairs, financial position and prospects, as well as conditions in the securities markets and the economy generally.  Based on that continuing evaluation, the Reporting Persons will take such action as they deem appropriate, including, but not limited to, (i) engaging in communications with the management, board of directors and/or other shareholders of the Issuer concerning the operations and management of the Issuer and other matters and (ii) proposing additional transactions with the Issuer, including transactions that could result in a change of control of the Issuer.

Except as stated above, the Reporting Persons have no present plans or proposals which relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER.

The filing of this statement and any future amendment by the Reporting Persons and the inclusion of information herein and therein with respect to the Reporting Persons, shall not be considered an admission that they, for the purpose of Section 16 of the Securities Exchange Act of 1934, are the beneficial owners of any shares, including but not limited to shares of Common Stock held by the separately managed account for which HCM serves as investment adviser, in which the Reporting Persons do not have a pecuniary interest.

A.
Mr. Huber

 
a.
Mr. Huber beneficially owns 2,031,721 shares of Common Stock, which represents 33.18% of the outstanding and issued Common Stock of the Company.  Of the 2,031,721 shares of Common Stock, 1,694,423 shares are directly owned by JRH Investments, which is 100% owned and managed by Mr. Huber, 8,014 shares are beneficially owned by Mr. Huber through his IRA, and 4,671 shares are beneficially owned by Mr. Huber as the custodian of a custodial account for the benefit of his child.

 
 

 

HCM serves as investment adviser to (a) a separately managed account and (b) an investment company for which HCM serves as investment adviser. HCM has delegated voting and dispositive power to persons other than Mr. Huber with respect to (a) the 299,100 shares of Common Stock that are directly beneficially owned by the separately managed account and (b) 25,513 shares of Common Stock that are beneficially owned by the investment company. Notwithstanding the foregoing, solely by virtue of Mr. Huber’s capacity as Managing Member of HCM, Mr. Huber may be deemed to hold an indirect beneficial interest in such shares by reason of the provisions of Section 13 of the Securities Exchange Act of 1934.

In addition, Mr. Huber’s spouse owns 5,590 shares of Common Stock, over which Mr. Huber disclaims beneficial ownership.
 
Finally, Mr. Huber owns 10,000 shares of restricted stock which are subject to three year vesting restrictions on voting and disposition in accordance with the Issuer's regular policies and practices with respect to restricted stock granted to directors. At this time, Mr. Huber has neither voting nor dispositive power with respect to such restricted stock.
 
Mr. Huber disclaims the existence of a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934.

 
b.
Mr. Huber has sole power to vote and dispose of 1,707,108 shares of Common Stock.  In addition, Mr. Huber may be deemed to have shared power to vote and dispose of 324,613 shares of Common Stock held by a separately managed account and an investment company for which HCM serves as investment adviser, notwithstanding the fact that HCM has delegated voting and dispositive power to persons other than Mr. Huber with respect to such shares of Common Stock.

 
c.
Mr. Huber has not effected any purchases of Common Stock since June 23, 2009.

 
d.
Please see (a) above.

 
e.
Not applicable.

B.
JRH Investments

 
a.
JRH Investments beneficially owns 1,694,423 shares of Common Stock, which represents 27.67% of the outstanding and issued Common Stock of the Company.  JRH Investments is 100% owned and managed by Mr. Huber.

 
b.
JRH Investments has sole power to vote and dispose of 1,694,423 shares of Common Stock.

 
c.
JRH Investments has not effected any purchases of Common Stock since June 23, 2009.

 
d.
Please see (a) above.

 
e.
Not applicable.

 
 

 

ITEM 6.
CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

Except as disclosed above, the Reporting Persons do not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

ITEM 7.
MATERIAL TO BE FILED AS EXHIBITS.

None.

 
 

 

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: August 19, 2009


  /s/ Joseph R. Huber
 
Joseph R. Huber
     
     
 
JRH INVESTMENTS, LLC
     
     
 
By:
/s/ Joseph R. Huber
   
Joseph R. Huber
   
Managing Member