-----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, ALWiX3OyRuIZCWa8roaIMRCO2aRey3KU30HKNNqRKGW97srFAlNaGLcK+IaR06nb HFnleSdRPmgBabqtiwmGXw== 0001110550-01-500122.txt : 20020411 0001110550-01-500122.hdr.sgml : 20020411 ACCESSION NUMBER: 0001110550-01-500122 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20011119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAMET SYSTEMS INC CENTRAL INDEX KEY: 0000868268 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 042985838 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41443 FILM NUMBER: 1795421 BUSINESS ADDRESS: STREET 1: 1000 MAIN ST CITY: ACTON STATE: MA ZIP: 01720 BUSINESS PHONE: 5082632060 MAIL ADDRESS: STREET 1: 1000 MIN STREET STREET 2: 1000 MIN STREET CITY: ACTON STATE: MA ZIP: 01720 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WESTCOUNTRY PARTNERS LP CENTRAL INDEX KEY: 0001140045 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 770447534 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: BRITTANY PARK #1917 CITY: CAMARILLO STATE: CA ZIP: 93012 BUSINESS PHONE: 8054912964 MAIL ADDRESS: STREET 1: P O BOX 196 CITY: SOMIS STATE: CA ZIP: 93066 SC 13D/A 1 thirteenrevision.txt AMENDED SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 Pamet Systems, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock $.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 697649-10-0 - -------------------------------------------------------------------------------- (CUSIP Number) James S. Schmitt P.O. Box 196 Somis, CA 93066 805-491-2964 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 16, 2001 - -------------------------------------------------------------------------------- (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 [ ]. SCHEDULE 13D/A CUSIP NO. 697649-10-0 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WestCountry Partners, LP - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 7. SOLE VOTING POWER-9.8% of common, 35.6% (incl. Conversion of bond) and 42.4% incl. Exercise of wts 8. SHARED VOTING POWER-9.8% of common, 35.6% (incl. Conversion of bond) and 42.4% incl. Exercise of wts 9. SOLE DISPOSITIVE POWER-9.8% of common, 35.6% (incl. Conversion of bond) and 42.4% incl. Exercise of wts 10. SHARED DISPOSITIVE POWER-9.8% of common, 35.6% (incl. Conversion of bond) and 42.4% incl. Exercise of wts - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,970,166 Common (incl. Conversion of bond) and 5,830,832 incl. Exercise of wts 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% of common, 35.6% (incl. Conversion of bond) and 42.4% incl. Exercise of wts - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- SCHEDULE 13D/A CUSIP NO. 697649-10-0 - -------------------------------------------------------------------------------- ITEM 1. SECURITY AND ISSUER. * Common Stock $.01 Par Value * 11% Convertible Promissory Note (@$2.50/sh) with five year detachable warrants at $2.50/sh - $14,000 investment * 7% Convertible Promissory Note (@$.375/sh) with five year detachable warrants at $1.50/sh - $580,000 investment * 7% Convertible Promissory Note (@$.20/sh) with five year detachable warrants at $1.00/sh - $200,000 investment Pamet Systems, Inc. 1000 Main Street Acton, Massachusetts 01720 David T. McKay, President and CEO ITEM 2. IDENTITY AND BACKGROUND. WestCountry Partners is a California Limited Partnership in which James S. Schmitt is the sole General Partner. WestCountry Partners was formed in 1997. Its principal business is investments. Its principal place of business is Brittany Park No. 1917 Camarillo, California 93012 and its mailing address is Post Office Box 196, Somis, California 93066. Its General Partner is James S. Schmitt. Mr. Schmitt is also the sole principal in a securities broker-dealer, WestCountry Financial. Neither the Partnership or Mr. Schmitt has been subject to any criminal proceedings or any civil proceedings of a judicial or administrative order enjoining or mandating activities subject to federal or state securities laws. Mr. Schmitt is a U.S. Citizen. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. A Table identifying purchases included in this filing is included in Item 5 of this filing. Funds for the purchases made by the Partnership came from available funds of the Partnership. Funds for the purchases made by Mr. Schmitt prior to 1998 came from his personal funds. No funds were borrowed for the purchases. Trade Blotter DATE BUY/SELL NUMBER OF SHARES PRICE PER TYPE OF SHARE TRANSACTION - -------------------------------------------------------------------------------- 11/95-12/98 BUY 29,500 $.95-$3.25 OM 05/97-1/26/00 BUY 80,000 $1.46-$4.00 OM 05/11/1999 BUY 14,000*1 $2.50 PP 11/18/1999 BUY 50,000* $2.00 PP 03/28/2000 BUY 50,000* $3.00 PP 09/01/2000 BUY 100,000* $2.00 PP 11/30/2000 BUY 100,000* $2.00 PP 04/16/2001 BUY 933,333*2 $.3750 PP 10/02/2001 BUY 613,333*2 $.3750 PP 11/02/2001 BUY 1,000,000*3 $.2000 PP Note: 1. 11% cv bd 2. 7% cv bd @1.50 3. 7% cv bd @1.00 *=plus wts OM= Open Market Transaction PP=Private Placement ITEM 4. PURPOSE OF TRANSACTION. The purchases were made for the purpose of investment. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. a. As identified in the Table below, the investment in the issuer consists of investment in the issuer's common stock and convertible promissory note, and in detachable warrants the issuer included in the private placement purchases of both the common stock and convertible promissory notes, as shown below. As indicated in the Table, except for 29,500 shares of the common stock previously purchased by James. Schmitt, the General Partner of the Partnership, all of the subsequent purchases were made on behalf of the Partnership. The aggregate number and percentage of the class of securities are:
% com plus cv bd. % f.d.incl: exercise of wts. - ----------------------------------------------------------------------------- sole voting power 9.8% 35.6% 42.4% shared voting power 9.8% 35.6% 42.4% sole dispositive power 9.8% 35.6% 42.4% shared dispositive power 9.8% 35.6% 42.4% No. of shares- Mr. Schmitt 29,500 WestCountry Partners 380,000 2,560,666 2,860,666 Total f.d. common shares 409,500 2,560,666 2,860,666 Total: 5,830,832 shares
b. Mr. Schmitt has sole power to vote or to direct the vote and dispose of the shares both on the 29,500 common shares owned individually and on the securities owned by the Partnership. c. * On October 2, 2001 WestCountry Partners purchased $230,000 of the issuer's 7% convertible Promissory Note with detachable warrants in a private placement. The convertible Promissory Note is convertible at $.375 into the issuer's common stock. The maturity date of the Note is October 2, 2003. Interest is at 7.0% and accrues to the maturity date. * On November 2, 2001 WestCountry Partners purchased $200,000 of the issuer's 7% convertible Promissory Note with detachable warrants in a private placement. The convertible Promissory Note is convertible at $.200 into the issuer's common stock. The maturity date of the Note is November 2, 2003. Interest is at 7.0% and accrues to the maturity date. All other purchases are shown in the Table. d. No other person is known to have a right to receive or the power to direct the receipt of dividends or any other proceeds from the sale of these securities. e. Not applicable ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. none ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. None SIGNATURES WestCountry Partners, LP By:/s/ James S. Schmitt ---------------------- James S. Schmitt General Partner -----END PRIVACY-ENHANCED MESSAGE-----