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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

Parlux Fragrances, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

701645103

                                (CUSIP Number)                                

December 31, 2007

(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).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Page 1 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Advisors, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	IA

Page 2 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Intermarket Advisors, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	IA

Page 3 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Intermarket Partners, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	British Virgin Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	5    SOLE VOTING POWER
	0
	6    SHARED VOTING POWER
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	PN

Page 4 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Intermarket Fund, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	PN

Page 5 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Intermarket Fund, Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	British Virgin Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	5    SOLE VOTING POWER
	0
	6    SHARED VOTING POWER
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	PN

*SEE INSTRUCTION BEFORE FILLING OUT!

Page 6 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Pandora Select Advisors, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	IA

Page 7 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Pandora Select Partners, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	British Virgin Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	5    SOLE VOTING POWER
	0
	6    SHARED VOTING POWER
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	PN

Page 8 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Pandora Select Fund, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	PN

Page 9 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Pandora Select Fund, Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	British Virgin Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	5    SOLE VOTING POWER
	0
	6    SHARED VOTING POWER
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	PN

*SEE INSTRUCTION BEFORE FILLING OUT!

Page 10 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Statistical Arbitrage Advisors, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	IA

Page 11 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Statistical Arbitrage Partners, LP
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	PN

Page 12 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Statistical Arbitrage Fund, LP
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	PN

Page 13 of 17

CUSIP No. 701645103 13G

1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
	Whitebox Statistical Arbitrage Fund, Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)  ¨
	(b)  x
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
	1,269,083 (See Item 4)
	7    SOLE DISPOSITIVE POWER
	0
	8    SHARED DISPOSITIVE POWER
	1,269,083 (See Item 4)

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,269,083 (See Item 4)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.3% (See Item 4)
12	TYPE OF REPORTING PERSON*
	CO

Page 14 of 17

Item 1.	(a)	Name of Issuer
		Parlux Fragrances, Inc.
	(b)	Address of Issuer’s Principal Executive Offices
		3725 SW 30th Avenue
		Fort Lauderdale, FL 33312
Item 2.	(a)	Name of Person Filing
		This statement is filed by:
		(i)	Whitebox Advisors, LLC, a Delaware limited liability company (“WA”), with respect to the Common Stock beneficially owned by it;
		(ii)	Whitebox Intermarket Advisors, LLC, a Delaware limited liability company (“WIA”), with respect to the Common Stock beneficially owned by it;
		(iii)	Whitebox Intermarket Partners, L.P., a British Virgin Islands limited partnership (“WIP”), with respect to the Common Stock beneficially owned by it;
		(iv)	Whitebox Intermarket Fund, L.P., a Delaware limited partnership (“WIFLP”), with respect to the Common Stock indirectly beneficially owned by it;
		(v)	Whitebox Intermarket Fund, Ltd., a British Virgin Islands international business company (“WIFLTD”), with respect to the Common Stock indirectly beneficially owned by it; and
		(vi)	Pandora Select Advisors, LLC, a Delaware limited liability company (“PSA”), with respect to the Common Stock beneficially owned by it;
		(vii)	Pandora Select Partners, L.P., a British Virgin Islands limited partnership (“PSP”), with respect to the Common Stock directly owned by it;
		(viii)	Pandora Select Fund, L.P., a Delaware limited partnership (“PSFLP”), with respect to the Common Stock indirectly owned by it;
		(ix)	Pandora Select Fund, Ltd., a British Virgin Islands international business company (“PSFLTD”), with respect to the Common Stock indirectly owned by it.
		(x)	Whitebox Statistical Arbitrage Advisors, LLC a Delaware limited liability company (“WSAA”) with respect to the Common Stock beneficially owned by it;
		(xi)	Whitebox Statistical Arbitrage Partners, L.P. (“WSAP”) a British Virgin Islands limited partnership with respect to the Common Stock beneficially owned by it;
		(xii)	Whitebox Statistical Arbitrage Fund, L.P. (“WSAFLP”) a Delaware limited partnership with respect to the Common Stock beneficially owned by it;
		(xiii)	Whitebox Statistical Arbitrage Fund, Ltd. a British Virgin Islands international business company (“WSAFLTD”) with respect to the common stock indirectly owned by it; and
		(xiv)	HFR Asset Management, LLC (“HFRAM”), a Delaware limited liability company, Investment Manager, for RVA Combined Master Trust (“HFR-RVA”), a Bermuda unit trust. HFRAM and WA have a trading manager agreement in place, with respect to the common stock directly beneficially owned by HFR-RVA.
	(b)	Address of Principal Business Office or, if none, Residence
		The address of the business office of WA, WIA, WIFLP, PSA, PSFLP, WSAA, WSAFLP, and HFR-RVA is:
		3033 Excelsior Boulevard
		Suite 300
		Minneapolis, MN 55416
		The address of the business office of WIP, WIFLTD, PSP, WSAP, WSAFLTD and PSFLTD is:
		Trident Chambers, P.O. Box 146
		Waterfront Drive, Wickhams Cay
		Road Town, Tortola, British Virgin Islands
	(c)	Citizenship
		WA, WIA, WIFLP, PSA, PSFLP, WSAA and WSAFLP are organized under the laws of the State of Delaware;
		WIP, WIFLTD, PSP, PSFLTD, WSAP and WSAFLTD are organized under the laws of the British Virgin Islands.
	(d)	Title of Class of Securities
		Common Stock
	(e)	CUSIP Number
		701645103
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)	¨	Broker or dealer registered under section 15 of the Act.
	(b)	¨	Bank as defined in section 3(a)(6) of the Act.
	(c)	¨	Insurance company as defined in section 3(a)(19) of the Act.
	(d)	¨	Investment company registered under section 8 of the Investment Company Act of 1940.
	(e)	x	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).
	(f)	¨	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).
	(g)	¨	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
	(h)	¨	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
	(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.
	(j)	¨	Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

Page 15 of 17

Item 4.	Ownership
	(a)	Amount Beneficially Owned
		WA, pursuant to acting as an investment adviser to its client, HFR-RVA, is deemed to be the beneficial owner of 70,560 shares of Common Stock of the Company.
		WIP directly beneficially owns 439,036 shares of Common Stock of the Company.
		PSP beneficially owns 628,638 shares of common stock of the Company.
		WSAP beneficially owns 130,849 shares of common stock of the Company.
		As a result of the relationship described in this statement, each of WA, WIA, WIFLP, WILTD, PSA, PSFLP and PSFLTD may be deemed to possess indirect beneficial ownership of the shares of common stock held by each of WCAP, WSAP and PSP. WA, WIA, WIFLP, WIFLTD, PSA, PSFLP, WSAA, WSAFLP, WSAFLTD and PSFLTD each disclaim indirect beneficial ownership of the shares of common stock except to the extent of their pecuniary interest in such shares.
		WA and HFRAM have a trading manager agreement in place. WA has discretionary authority to direct investment decisions for HFR RVA Combined Master Fund, including decision making powers with respect to the disposition of the proceeds from the sale of common stock.
		Based on the relationships described herein, these entities may be deemed to constitute a “group” within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934. The filing of this statement shall not be construed as an admission that WA, HFR-RVA, WIA, PSA, WIP, PSP, WIFLP, PSFLP, WIFLTD, PSFLTD, WSAA, WSAP, WSAFLP, and WSAFLTD are a group, or have agreed to act as a group.
	(b)	Percent of Class
		WA beneficially owns 6.3% of the Company’s Common Stock.
		WIA, PSA and WSAA each beneficially owns 6.3% of the Company’s Common Stock.
		WIP, PSP, WSAP and HFR-RVA each directly beneficially owns 6.3% of the Company’s Common Stock.
		WIFLP, WIFLTD, PSFLP, PSFLTD, WSAFLP and WSAFLTD each indirectly beneficially owned 6.3% of the Company’s Common Stock.
		The percentage of Common Stock reportedly owned by each entity herein is based on 20,284,912 shares of outstanding Common Stock of the Company, which is the total number of shares issued and outstanding on February 6, 2008.
	(c)	Number of shares as to which such person has:
		(i)	Sole power to vote or to direct the vote
			0
		(ii)	Shared power to vote or to direct the vote
			WA, HFR-RVA, WIA, PSA, WIP, PSP, WIFLP, PSFLP, WIFLTD, PSFLTD, WSAA, WSAP, WSAFLP and WSAFLTD have shared voting power with respect to 1,269,083 shares of the Company’s Common Stock.
		(iii)	Sole power to dispose or to direct the disposition of
			0
		(iv)	Shared power to dispose or to direct the disposition of
			WA, HFR-RVA, WIA, PSA, WIP, PSP, WIFLP, PSFLP, WIFLTD, PSFLTD, WSAA, WSAP, WSAFLP and WSAFLTD have shared have shared power to direct the disposition of 1,269,083 shares of the Company’s Common Stock.
			Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d3(d)(1).
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
	Instruction. Dissolution of a group requires a response to this item.
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
	WA, the managing member and sole owner of WIA, has the power to direct the affairs of WIA, which manages accounts for the benefit of its clients WIPLP, WIFLP and WIFLTD. WIA has the power to direct the affairs of WIP including decision making power with respect to the disposition of the proceeds from the sale of common stock. WA, the managing member and sole owner of PSA, has the power to direct the affairs of PSA, which manages accounts for the benefit of its clients PSPLP, PSFLP and PSFLTD. PSA has the power to direct the affairs of PSP including decision making power with respect to the disposition of the proceeds from the sale of common stock. WA, the managing member and sole owner of WSAA, has the power to direct the affairs of WSAA, which manages accounts for their benefit of its clients WSAP, WSAFLP and WSAFLTD. WSAA has the power to direct the affairs of WSAP including decision making power with respect to the disposition of proceeds from the sale of common stock.
	WA and HFRAM have a trading manager agreement in place. WA has discretionary authority to direct investment decisions for HFR RVA Combined Master Fund, including decision making powers with respect to the disposition of the proceeds from the sale of common stock.
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 Item 2
Item 9.	Notice of Dissolution of Group
	Not Applicable
Item 10.	Certification
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 16 of 17

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.

February 14, 2008

Date

/s/ Jonathan D. Wood

Signature

Jonathan D. Wood as Chief Financial Officer of Whitebox Advisors, LLC, Whitebox Intermarket Advisors, LLC, Whitebox Intermarket Partners, LP, Whitebox Intermarket Fund, L.P., Whitebox Intermarket Fund, Ltd., Pandora Select Advisors, LLC, Pandora Select Fund, L.P., Pandora Select Fund, Ltd., Pandora Select Partners, L.P., Whitebox Statistical Arbitrage Advisors, LLP, Whitebox Statistical Arbitrage Partners, LP, Whitebox Statistical Arbitrage Fund, LP, and Whitebox Statistical Arbitrage Fund, Ltd.

Name/Title

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

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