-----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, Cq+DdIb3YN+szr0QwuhC+iwP/ZnHQ+8rkIw5I6XYJWkKr/I/xvJ22BUv2e5mdRID Gix6PPOKdz1epS6vcZySew== 0000950109-97-004967.txt : 19970716 0000950109-97-004967.hdr.sgml : 19970716 ACCESSION NUMBER: 0000950109-97-004967 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970715 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHINA RESOURCES DEVELOPMENT INC CENTRAL INDEX KEY: 0000793628 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190] IRS NUMBER: 870263643 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-46397 FILM NUMBER: 97640601 BUSINESS ADDRESS: STREET 1: 244O S PROGRESS DR CITY: SALT LAKE CITY STATE: UT ZIP: 84119 BUSINESS PHONE: 8019722887 MAIL ADDRESS: STREET 1: C/O BAKER & HOSTETLER STREET 2: P O BOX 112 CITY: ORLANDO STATE: FL ZIP: 32802 FORMER COMPANY: FORMER CONFORMED NAME: MAGENTA CORP DATE OF NAME CHANGE: 19940217 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LOWREY JOHN L CENTRAL INDEX KEY: 0001018544 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 90 STATE HOUSE SQ 11TH FL CITY: HARTFORD STATE: CT ZIP: 06103 BUSINESS PHONE: 8605604000 MAIL ADDRESS: STREET 1: 90 STATE HOUSE SQ STREET 2: 11TH FL CITY: HARTFORD STATE: CT ZIP: 06103 SC 13D 1 SHCEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* China Resources Development, Inc. - -------------------------------------------------------------------------------- (Name of issuer) Common Stock, par value $.001 per share - -------------------------------------------------------------------------------- (Title of class of securities) 169406105 ---------------- (CUSIP number) Lowrey Capital Management International, L.P. 90 State House Square Hartford, CT 06103 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) July 11, 1997 ---------------------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. Check the following box if a fee is being paid with the statement [_]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Page 1 of 10 Pages Exhibit Index appears on page 9. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-l(a) for other parties to whom copies are to be sent. *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 (the "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). Page 2 of 10 Pages 13D - ----------------------- ---------------------- CUSIP NO. 169406105 PAGE 3 OF 10 PAGES - ----------------------- ---------------------- - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Lowrey Capital Management International, L.P. - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, USA - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER NUMBER OF 195,374 SHARES ----------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ----------------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 195,374 WITH ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 268,886 - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.65% - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON* PN (Limited Partnership) - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! 13D - ----------------------- --------------------- CUSIP NO. 169406105 PAGE 4 OF 10 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Lowrey Capital Management, L.L.C. - ------------------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - ------------------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------------------ 4. SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware, USA - ------------------------------------------------------------------------------ 7. SOLE VOTING POWER NUMBER OF 73,512 SHARES ----------------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 EACH ----------------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 73,512 WITH ----------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - ------------------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 268,886 - ------------------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - ------------------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.65% - ------------------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON* 00 (Limited Liability Company) - ------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! 13D - ------------------- ------------------ CUSIP No. 169406105 Page 5 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS John L. Lowrey - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* 00 - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut, USA - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 268,886 EACH ---------------------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 WITH ---------------------------------------------------- 10. SHARED DISPOSITIVE POWER 268,886 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 268,886 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.65% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1. Security Issuer. --------------- Amendments: None Item 2. Identity and Background. ------------------------ Amendments: None Item 3. Source and Amount of Funds or Other Consideration. Amendments: None Item 4. Purpose of Transaction. ---------------------- On the Advisor's direction, AMOF acquired the Preferred Stock and converted such interests into Common Stock of the Issuer for the purpose of making an investment in the ordinary course of its trade or business. Similarly, both AMOF and AMON have also purchased shares in the open market. The Common Stock may be disposed of at any time or from time to time in whole or in part. None of the Reporting Persons has formulated any plans or proposals that would relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation of the Issuer or its subsidiaries, if any; (c) a sale or transfer of a material amount of assets of the Issuer or its subsidiaries, if any; (d) any change in the present board of directors or management of the Issuer, including any change in the number or term of directors or the filling of any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure; (g) changes in the Issuer's charter or bylaws or other actions that may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) causing a class of equity securities of the Issuer to become eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or (j) any action similar to those enumerated above. Page 6 of 10 Pages Item 5. Interest in Securities of the Issuer. ------------------------------------ 5(a-b) The aggregate number and percentage of the outstanding shares of the Issuer beneficially owned by each of the Reporting Persons are as follows:
Number of Number of Number of Shares: Shares: Sole Aggregate Shares: Sole Shared or Shared Filing Number of Power to Power to Power to Approximate Party Shares: Vote Vote Dispose Percentage/l/ - ----- --------- ------------ --------- ------------ ------------ Lowrey Capital 195,374 195,374 0 195,374 3.38% Management International, L.P. Lowrey Capital Management, L.L.C. 73,512 73,512 0 73,512 1.27% John L. Lowrey 268,886 0 268,886 0 4.65%
5(c). Reported transactions since April 14, 1997 are illustrated in the following table: Page 7 of 10 Pages
JOHN REPORTING PERSON LCMI LCM LOWREY Amendment Action/ Common Common Common Date Balance Price Stock Stock Stock 14 - April Balance 445,489 153,997 599,486 15 - April Sale 3.250 (3,750) (1,250) (5,000) 16 - April Sale 3.500 (4,650) (1,550) (6,200) 25 - April Purchase 3.000 3,750 1,250 5,000 30 - April Purchase 3.3125 1,875 625 2,500 06 - May Sale 3.625 (4,500) (1,500) (6,000) 12 - May Sale 3.625 (975) (325) (1,300) 14 - May Sale 3.625 (2,972) (1,028) (4,000) 15 - May Sale 3.625 (375) (125) (500) 16 - May Sale 3.625 (8,943) (1,057) (10,000) 19 - May Sale 3.625 (3,150) (1,050) (4,200) 02 - June Sale 4.250 (14,250) (4,750) (19,000) 13 - June Sale 4.250 (3,000) (3,000) 16 - June Sale 4.200 (1,875) (625) (2,500) 17 - June Sale 4.2259 (27,450) (9,150) (36,600) 18 - June Sale 4.3536 (23,700) (7,900) (31,600) 19 - June Sale 4.3939 (35,625) (11,875) (47,500) 20 - June Sale 4.3873 (11,250) (3,750) (15,000) 23 - June Sale 4.4498 (19,500) (6,500) (26,000) 24 - June Sale 4.2588 (14,250) (4,750) (19,000) 25 - June Sale 4.1998 (3,000) (1,000) (4,000) 26 - June Sale 3.9498 (13,125) (4,375) (17,500) 27 - June Sale 4.0208 (13,125) (4,375) (17,500) 30 - June Sale 3.9409 (13,125) (4,375) (17,500) 01 - July Sale 4.0350 (16,500) (5,500) (22,000) 08 - July Sale 3.9498 (11,250) (3,750) (15,000) 09 - July Sale 3.9498 (5,400) (1,800) (7,200) ======= ======= ======= TOTAL Balance 195,374 73,512 268,886
Page 8 of 10 Pages 5(d). The investor's of AMOF and AMON have an economic interest in the dividends from, and the proceeds of sales of, the Fund's investments. 5(e). Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect --------------------------------------------------------------------- to Securities of the Issuer. --------------------------- As investment advisor and General Partner for AMOF and AMON, the advisor and the General Partner have the right to transfer and vote the securities held by AMOF and AMON, including those of the Issuer. John Lowrey has the power under the constituent documents of the advisor and General Partner to vote and dispose of the securities owned by AMOF and AMON. Item 7. Material to be Filed as Exhibits. -------------------------------- None. Page 9 of 10 Pages Signature --------- After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. July 11, 1997 --------------------------------------------- (Date) /s/ John L. Lowrey --------------------------------------------- (Signature) John L. Lowrey --------------------------------------------- (Name/Title) /s/ John L. Lowrey --------------------------------------------- (Signature) John L. Lowrey, President Lowrey Capital Management International, L.P. --------------------------------------------- (Name/Title) /s/ John L. Lowrey --------------------------------------------- (Signature) John L. Lowrey, President Lowrey Capital Management, L.L.C. --------------------------------------------- (Name/Title) Page 10 of 10 Pages -----END PRIVACY-ENHANCED MESSAGE-----