0000950123-01-506421.txt : 20011008
0000950123-01-506421.hdr.sgml : 20011008
ACCESSION NUMBER: 0000950123-01-506421
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20010917
GROUP MEMBERS: ALTSCHUL INVESTMENT GROUP
GROUP MEMBERS: ARTHUR G. ALTSCHUL, JR.
GROUP MEMBERS: DELTA OPPORTUNITY FUND (INSTITUTIONAL), LLC
GROUP MEMBERS: DELTA OPPORTUNITY FUND, LTD.
GROUP MEMBERS: DIAZ & ALTSCHUL ADVISORS, LLC
GROUP MEMBERS: DIAZ & ALTSCHUL MANAGEMENT, LLC
GROUP MEMBERS: OVERBROOK FUND I, LLC
GROUP MEMBERS: SIRI VON REIS
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: PUSCH BRIAN W /FA
CENTRAL INDEX KEY: 0001004271
STANDARD INDUSTRIAL CLASSIFICATION: []
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: PENTHOUSE SUITE
STREET 2: 29 WEST 57TH ST
CITY: NEW YORK
STATE: NY
ZIP: 10019
MAIL ADDRESS:
STREET 1: PENTHOUSE SUITE
STREET 2: 29 WEST 57TH ST
CITY: NEW YORK
STATE: NY
ZIP: 10019
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: BEI MEDICAL SYSTEMS CO INC /DE/
CENTRAL INDEX KEY: 0000851478
STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
IRS NUMBER: 710455756
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0927
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-40714
FILM NUMBER: 1738693
BUSINESS ADDRESS:
STREET 1: 100 HOLLISTER ROAD
STREET 2: STE 2500
CITY: TETERBOR
STATE: NJ
ZIP: 07608
BUSINESS PHONE: 2017274900
MAIL ADDRESS:
STREET 1: 100 HOLLISTER ROAD
CITY: TETERBOR
STATE: NJ
ZIP: 07608
FORMER COMPANY:
FORMER CONFORMED NAME: BEI ELECTRONICS INC
DATE OF NAME CHANGE: 19920703
SC 13G/A
1
y53272sc13ga.txt
BEI MEDICAL SYSTEMS COMPANY, INC.
1
CUSIP NO. 05538E109 PAGE 1 OF 15 PAGES
--------- --- ----
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
BEI Medical Systems Company, Inc.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
05538E109
(CUSIP Number)
September 4, 2001
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] 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
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).
2
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 2 OF 15 PAGES
--------------------- --- ----
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Arthur G. Altschul, Jr.
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
(See Item 6)
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 800,094 shares of Common Stock (See Item 4(a))
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH: -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
800,094 shares of Common Stock (See Item 4(a))
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
800,094 shares of Common Stock (See Item 4(a))
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) [ x ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.85% (See Item 4(a))
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IN
---------------------------------------------------------------------
3
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 3 OF 15 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Altschul Investment Group
13-3453641
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
(See Item 6)
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 50,000 shares of Common Stock (See Item 4(a))
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH: -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
50,000 shares of Common Stock (See Item 4(a))
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000 shares of Common Stock (See Item 4(a))
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) [ X ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.52% (See Item 4(a))
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
PN
---------------------------------------------------------------------
4
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 4 OF 15 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Overbrook Fund I, LLC
13-3954333
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
(See Item 6)
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 133,334 shares of Common Stock (See Item 4(a))
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH: -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
133,334 shares of Common Stock (See Item 4(a))
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
133,334 shares of Common Stock (See Item 4(a))
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) [ X ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.36% (See Item 4(a))
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
OO
---------------------------------------------------------------------
5
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 5 OF 15 PAGES
--------------------- ----- ----
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Siri von Reis
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
(See Item 6)
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 11,700 shares of Common Stock (See Item 4(a))
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH: -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
11,700 shares of Common Stock (See Item 4(a))
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,700 shares of Common Stock (See Item 4(a))
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) [X]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
less than 1% (See Item 4(a))
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IN
---------------------------------------------------------------------
6
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 6 OF 15 PAGES
--------------------- ----- ----
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Delta Opportunity Fund, Ltd.
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
(See Item 6)
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 373,109 shares of Common Stock (See Item 4(a))
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH: -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
373,109 shares of Common Stock (See Item 4(a))
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,109 shares of Common Stock (See Item 4(a))
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) [X]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.77% (See Item 4(a))
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
CO
---------------------------------------------------------------------
7
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 7 OF 15 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Delta Opportunity Fund (Institutional), LLC
13-4040413
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
(See Item 6)
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 231,951 shares of Common Stock (See Item 4(a))
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH: -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
231,951 shares of Common Stock (See Item 4(a))
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
231,951 shares of Common Stock (See Item 4(a))
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) [ X ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.36% (See Item 4(a))
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
OO
---------------------------------------------------------------------
8
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 8 OF 15 PAGES
--------------------- --- ----
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Diaz & Altschul Advisors, LLC
13-3940170
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
(See Item 6)
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 605,060 shares of Common Stock (See Item 4(a))
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH: -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
605,060 shares of Common Stock (See Item 4(a))
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
605,060 shares of Common Stock (See Item 4(a))
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) [ X ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.02% (See Item 4(a))
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
OO
---------------------------------------------------------------------
9
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 9 OF 15 PAGES
--------------------- ----- ----
(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Diaz & Altschul Management, LLC
06-1502204
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 231,951 shares of Common Stock (See Item 4(a))
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH: -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
231,951 shares of Common Stock (See Item 4(a))
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
231,951 shares of Common Stock (See Item 4(a))
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES (See Instructions) [X]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.36% (See Item 4(a))
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
OO
---------------------------------------------------------------------
10
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 10 OF 15 PAGES
--------- -- --
Item 1(a). Name of Issuer:
BEI Medical Systems Company, Inc. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
100 Hollister Road
Teterboro, New Jersey 07608
Item 2(a). Names of Persons Filing:
Arthur G. Altschul, Jr. ("Altschul")
Altschul Investment Group ("AIG")
Overbrook Fund I, LLC ("Overbrook")
Siri von Reis ("von Reis")
Delta Opportunity Fund, Ltd. ("Delta")
Delta Opportunity Fund (Institutional), LLC
("Institutional")
Diaz & Altschul Advisors, LLC ("Advisors")
Diaz & Altschul Management, LLC ("Management")
Item 2(b). Address of Principal Business Office:
Altschul - 950 Third Avenue, 16th Floor, New York,
New York 10022
AIG - 122 East 42nd Street, Suite 2500, New York,
New York 10168-2500
Overbrook - 122 East 42nd Street, Suite 2500, New York,
New York 10168-2500
von Reis - 122 East 42nd Street, Suite 2500, New York,
New York 10168-2500
Delta - c/o International Fund Administration, Ltd., 48 Par
La Ville Road, Suite 464, Hamilton, HM11, Bermuda
Institutional - 950 Third Avenue, 16th Floor,
New York, New York 10022
Advisors - 950 Third Avenue, 16th Floor, New York,
New York 10022
Management - 950 Third Avenue, 16th Floor, New York,
New York 10022
Item 2(c). Place of Organization or Citizenship:
Altschul - United States of America
AIG - New York
Overbrook - New York
von Reis - United States of America
Delta - British Virgin Islands
Institutional - Delaware
Advisors - New York
Management - Delaware
Item 2(d). Title of Class of Securities:
Common Stock, $0.001 par value per share of the Issuer (the
"Common Stock")
Item 2(e) CUSIP Number: 05538E109
11
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 11 OF 15 PAGES
--------- -- --
Item 3. This Amendment No. 2 is filed pursuant to Rule 13d-1(c) by
Altschul, AIG, Overbrook, von Reis, Delta, Institutional,
Advisors and Management.
Item 4. Ownership:
(a) Amount Beneficially Owned:
800,094 shares of Common Stock*
(b) Percent of Class:
7.85% (based on 9,667,178 shares of Common Stock
outstanding, consisting of 7,714,905 shares of common stock
outstanding as of August 1, 2001, as reported in the
Issuer's Quarterly Report on Form 10-Q for the quarter ended
June 30, 2001 plus an aggregate of 1,952,273 shares of
Common Stock issued by the Issuer on September 4, 2001, a
portion of which shares were acquired by certain of the
reporting persons).
(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:
800,094 shares of 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
800,094 shares of Common Stock*
* Altschul serves as general partner of AIG and as managing member of Overbrook
and has a power of attorney granted by von Reis. By reason of such
relationships and power, Altschul may be deemed to share voting and dispositive
power over the shares of Common Stock listed as beneficially owned by AIG,
Overbrook and von Reis. Altschul is a member of the parent company of Advisors
and is a member of Management. By reason of such relationships, Altschul may be
deemed to share voting and dispositive power over the shares of Common Stock
listed as beneficially owned by Advisors and Management. Altschul disclaims
beneficial ownership of such shares of Common Stock listed as beneficially
owned by AIG, Overbrook, von Reis, Advisors and Management.
Advisors serves as investment advisor to Delta and Institutional. By reason of
such relationships, Advisors may be deemed to share voting and dispositive
12
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 12 OF 15 PAGES
--------- -- --
power over the shares of Common Stock owned by Delta and Institutional.
Advisors disclaims beneficial ownership of such shares of Common Stock.
Management serves as investment manager to and managing member of
Institutional. By reason of such relationships, Management may be deemed to
share voting and dispositive power over the shares of Common Stock listed as
beneficially owned by Institutional. Management disclaims beneficial ownership
of such shares of Common Stock.
The shares of Common Stock reported as beneficially owned are held by AIG,
Overbrook, von Reis, Delta and Institutional. Altschul, Advisors and Management
hereby expressly disclaim beneficial ownership of such shares of Common Stock.
AIG, Overbrook, von Reis, Delta, and Institutional each disclaims beneficial
ownership of shares of Common Stock reported on this Amendment No. 2 as
beneficially owned by any other person identified on this Amendment No. 2.
Certain of the shares of Common Stock reported as beneficially owned by
Overbrook, Delta and Institutional are shares of Common Stock which each such
person has the right to acquire upon conversion of shares of the Series A
Convertible Preferred Stock of the Issuer as follows:
Overbrook: 133,334 shares
Delta: 160,000 shares
Institutional: 106,668 shares
Certain of the shares of Common Stock reported as beneficially owned by Delta
and Institutional are shares of Common Stock which each such person has the
right to acquire upon exercise of warrants as follows:
Delta: 76,500 shares
Institutional: 44,973 shares
Item 5. Ownership of Five Percent or Less of a Class:
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:
Not applicable
Item 8. Identification and Classification of Members of the Group:
Not applicable
Item 9. Notice of Dissolution of Group:
Not applicable
13
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 13 OF 15 PAGES
--------- -- --
Item 10. Certification:
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.
Exhibits:
Exhibit II: Joint Filing Agreement, dated as of July 10, 2001, by and
among Altschul, AIG, Overbrook, von Reis, Delta, Institutional, Advisors and
Management (incorporated herein by reference to the exhibit with the same
number filed with Amendment No. 1 to Schedule 13G filed by the persons
reporting on this Amendment No. 2.)
14
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 14 OF 15 PAGES
--------- -- --
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 or effect.
/s/ Arthur G. Altschul, Jr.
--------------------------------
Arthur G. Altschul, Jr.
ALTSCHUL INVESTMENT GROUP
By: /s/ Arthur G. Altschul, Jr.
--------------------------------
Arthur G. Altschul, Jr.
Title: General Partner
OVERBROOK FUND I, LLC
By: /s/ Arthur G. Altschul, Jr.
--------------------------------
Arthur G. Altschul, Jr.
Title: Managing Member
/s/ Siri von Reis
--------------------------------
Siri von Reis
DELTA OPPORTUNITY FUND, LTD.
By: DIAZ & ALTSCHUL ADVISORS, LLC
As investment advisor
By: /s/ Christopher S. Mooney
-----------------------------
Christopher S. Mooney
Title: Chief Financial Officer
15
SCHEDULE 13G
CUSIP NO. 05538E109 PAGE 15 of 15 PAGES
--------- -- --
DELTA OPPORTUNITY FUND (INSTITUTIONAL), LLC
By: DIAZ & ALTSCHUL MANAGEMENT, LLC
By: /s/ Christopher S. Mooney
-------------------------------
Christopher S. Mooney
Title: Chief Financial Officer
DIAZ & ALSCHUL ADVISORS, LLC
By: /s/ Christopher S. Mooney
------------------------------
Christopher S. Mooney
Title: Chief Financial Officer
DIAZ & ALTSCHUL MANAGEMENT, LLC
By: /s/ Christopher S. Mooney
------------------------------
Christopher S. Mooney
Title: Chief Financial Officer