-----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, BXyRxPSDoSOTpMEimynEST3l3zkFa2kChJFE44V7lTW6WJOsesQSPCrDoKrQyB0N p0umpYohbcEO6fGRiSszBg== 0001029869-98-001309.txt : 19981119 0001029869-98-001309.hdr.sgml : 19981119 ACCESSION NUMBER: 0001029869-98-001309 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19981118 GROUP MEMBERS: CALVIN G. HORI, SOLE SHAREHOLDER GROUP MEMBERS: HORI CAPITAL MANAGEMENT INC GROUP MEMBERS: PLATINUM PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADDVANTAGE MEDIA GROUP INC /OK CENTRAL INDEX KEY: 0000874292 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PROFESSIONAL & COMMERCIAL EQUIPMENT & SUPPLIES [5040] IRS NUMBER: 731351610 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42151 FILM NUMBER: 98754705 BUSINESS ADDRESS: STREET 1: 5100 E SKELLY DR STREET 2: MERIDIAN TOWER SUITE 1080 CITY: TULSA STATE: OK ZIP: 74135-6552 BUSINESS PHONE: 9186658414 MAIL ADDRESS: STREET 1: 5100 EAST SKELLY DRIVE STREET 2: MERIDIAN TOWER SUITE 1080 CITY: TULSA STATE: OK ZIP: 74135 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HORI CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001042483 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE WASHINGTON MALL STREET 2: 7TH FL CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 6173673800 MAIL ADDRESS: STREET 1: ONE WASHINGTON MALL STREET 2: 7TH FL CITY: BOSTON STATE: MA ZIP: 02108 SC 13D/A 1 SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) 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. 1)* ADDvantage Media Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 006743108 ------------------------------------------- (CUSIP NUMBER) Calvin Hori, Hori Capital Management, Inc., One Washington Mall, Boston, MA 02108 (617) 367-3800 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 9, 1998 ----------------------------------------------------- (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(e), 13d-1(f) or 13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 and 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). |-----------------------| |--------------------------| |CUSIP No. 006743108 | | Page 2 of 9 Pages | |-----------------------| |--------------------------| |----------------------------------------------------------------------------| | 1 | NAME OF REPORTING PERSON | | | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | | | Hori Capital Management, Inc. | |---------|------------------------------------------------------------------| | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] | | | (b) [ ] | |---------|------------------------------------------------------------------| | 3 | SEC USE ONLY | | | | |---------|------------------------------------------------------------------| | 4 | SOURCE OF FUNDS* | | | | | | WC | |---------|------------------------------------------------------------------| | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED | | | PURSUANT TO ITEMS 2(d) or 2(e) [ ] | |---------|------------------------------------------------------------------| | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | | Massachusetts | |----------------|-----|-----------------------------------------------------| | | 7 | SOLE VOTING POWER | | | | 0 | | NUMBER OF |-----|-----------------------------------------------------| | SHARES | 8 | SHARED VOTING POWER | | BENEFICIALLY | | 0 | | OWNED BY EACH |-----|-----------------------------------------------------| | REPORTING | 9 | SOLE DISPOSITIVE POWER | | PERSON | | 0 | | WITH |-----|-----------------------------------------------------| | | 10 | SHARED DISPOSITIVE POWER | | | | 0 | |----------------------------------------------------------------------------| | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | | | | 0 | |---------|------------------------------------------------------------------| | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | | | EXCLUDES CERTAIN SHARES* [ ] | | | | |---------|------------------------------------------------------------------| | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | | | | | 0 | |---------|------------------------------------------------------------------| | 14 | TYPE OF REPORTING PERSON * | | | | | | CO | |----------------------------------------------------------------------------| 2 SCHEDULE 13D |-----------------------| |--------------------------| |CUSIP No. 006743108 | | Page 3 of 9 Pages | |-----------------------| |--------------------------| |----------------------------------------------------------------------------| | 1 | NAME OF REPORTING PERSON | | | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | | | Platinum Partners, L.P. | |---------|------------------------------------------------------------------| | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] | | | (b) [ ] | |---------|------------------------------------------------------------------| | 3 | SEC USE ONLY | | | | |---------|------------------------------------------------------------------| | 4 | SOURCE OF FUNDS* | | | | | | WC | |---------|------------------------------------------------------------------| | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED | | | PURSUANT TO ITEMS 2(d) or 2(e) [ ] | |---------|------------------------------------------------------------------| | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | | Massachusetts | |----------------|-----|-----------------------------------------------------| | | 7 | SOLE VOTING POWER | | | | 0 | | NUMBER OF |-----|-----------------------------------------------------| | SHARES | 8 | SHARED VOTING POWER | | BENEFICIALLY | | 0 | | OWNED BY EACH |-----|-----------------------------------------------------| | REPORTING | 9 | SOLE DISPOSITIVE POWER | | PERSON | | 0 | | WITH |-----|-----------------------------------------------------| | | 10 | SHARED DISPOSITIVE POWER | | | | 0 | |----------------------------------------------------------------------------| | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | | | | 0 | |---------|------------------------------------------------------------------| | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | | | EXCLUDES CERTAIN SHARES* [ ] | | | | |---------|------------------------------------------------------------------| | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | | | | | 0 | |---------|------------------------------------------------------------------| | 14 | TYPE OF REPORTING PERSON * | | | | | | PN | |----------------------------------------------------------------------------| 3 |-----------------------| |--------------------------| |CUSIP No. 006743108 | | Page 4 of 9 Pages | |-----------------------| |--------------------------| |----------------------------------------------------------------------------| | 1 | NAME OF REPORTING PERSON | | | S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | | | | | | Calvin G. Hori, Sole Shareholder | |---------|------------------------------------------------------------------| | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] | | | (b) [ ] | |---------|------------------------------------------------------------------| | 3 | SEC USE ONLY | | | | |---------|------------------------------------------------------------------| | 4 | SOURCE OF FUNDS* | | | | | | WC | |---------|------------------------------------------------------------------| | 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED | | | PURSUANT TO ITEMS 2(d) or 2(e) [ ] | |---------|------------------------------------------------------------------| | 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | | | | | | United States Citizen | |----------------|-----|-----------------------------------------------------| | | 7 | SOLE VOTING POWER | | | | 0 | | NUMBER OF |-----|-----------------------------------------------------| | SHARES | 8 | SHARED VOTING POWER | | BENEFICIALLY | | 0 | | OWNED BY EACH |-----|-----------------------------------------------------| | REPORTING | 9 | SOLE DISPOSITIVE POWER | | PERSON | | 0 | | WITH |-----|-----------------------------------------------------| | | 10 | SHARED DISPOSITIVE POWER | | | | 0 | |----------------------------------------------------------------------------| | 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | | | | | 0 | |---------|------------------------------------------------------------------| | 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | | | EXCLUDES CERTAIN SHARES* [ ] | | | | |---------|------------------------------------------------------------------| | 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | | | | | | 0 | |---------|------------------------------------------------------------------| | 14 | TYPE OF REPORTING PERSON* | | | | | | IN | |----------------------------------------------------------------------------| 4 1. Security and Issuer This Report on Schedule 13D relates to shares of common stock, $0.01 par value (the "Common Stock"), of ADDvantage Media Group, Inc. (the "Company"), whose principal executive offices are located at Meridien Tower, Suite 1080, 5100 East Skelly Drive, Tulsa, OK 74135-6552. 2. Identity and Background This Report is filed by Platinum Partners, L.P., a Massachusetts limited partnership (the "Partnership"), having its principal place of business and executive offices at c/o Hori Capital Management, Inc., One Washington Mall, 7th Floor, Boston, MA 02108; Hori Capital Management, Inc., a Massachusetts corporation having its principal place of business and executive offices at One Washington Mall, 7th Floor, Boston, MA 02108 ("Hori Capital Management"); and Mr. Calvin G. Hori, the sole shareholder, director and President of Hori Capital Management ("Mr. Hori"), having his business address at c/o Hori Capital Management, Inc., One Washington Mall, 7th Floor, Boston, MA 02108 (collectively, the "Reporting Persons"). The principal business of each Reporting Person is to make, manage, supervise, and dispose of investments in a variety of businesses. Hori Capital Management is the sole General Partner of the Partnership and one of several investment advisers to Micro Cap Partners, Ltd. ("Micro Cap"). During the last five years, the Reporting Persons have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and have not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and are not, as a result of any such proceeding, 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. Mr. Hori is a United States citizen. 3. Source and Amount of Funds or Other Consideration The source of funds for the Partnership's and Micro Cap's acquisition of the securities described in Item 5(c) were assets of the Partnership and of Micro Cap. 4. Purpose of Transaction The Partnership and Micro Cap acquired the Common Stock described in Item 5(c) for investment purposes. None of the Reporting Persons have any plans or proposals which 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, involving the issuer or any of its subsidiaries; 5 c. A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; d. Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill 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 including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any change in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940; g. Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which 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. A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 1(g)(4) of the Securities Exchange Act of 1934; or j. Any action similar to any of those enumerated above. 5. Interest in Securities of the Issuer a. As of July 9, 1998, Hori Capital Management, Calvin G. Hori and the Partnership may be deemed to beneficially own 0 shares of Common Stock of the Company. On such date, Hori Capital Management, Calvin G. Hori and the Partnership sold all the shares of Common Stock of the Company that it then held. b. Not Applicable. c. The Partnership has made the following sales of shares of Common Stock: 6
Aggregate Transaction Price Per Purchase Date # of Shares Share Price ----------------------------------------------------------------------- 5/11/98 140,000 0.60 84,000 5/13/98 200,000 0.63 125,000 5/19/98 65,000 0.50 32,500 5/20/98 35,000 0.50 17,500 6/11/98 6,500 0.50 3,250 6/15/98 43,500 0.53 23,098 6/18/98 25,000 0.52 12,875 6/24/98 65,000 0.35 22,490 6/25/98 25,000 0.38 9,375 6/30/98 18,000 0.50 9,000 7/9/98 12,900 0.42 5,379
Micro Cap has made the following sales of shares of Common Stock:
Aggregate Transaction Price Per Purchase Date # of Shares Share Price -------------------------------------------------------------------------- 5/11/98 110,000 0.60 66,000
All transactions were made in the open market on NASDAQ. d. The Partnership and Micro Cap are each limited partnerships. Each partner of the Partnership is entitled to receive certain distributions from the Partnership's assets as specified in the Partnership's governing documents. Similarly, each partner of Micro Cap is entitled to receive certain distributions from Micro Cap's assets as specified in Micro Cap's governing documents. These distributions may include funds received by the Partnership or Micro Cap from dividends declared with respect to the shares of Common Stock held by the Partnership or Micro Cap or from the sale of such shares of Common Stock. e. July 9, 1998. The filing of this statement shall not be construed as an admission that any of the Reporting Persons are, for the purposes of Sections 13(d) or 13(g) of the 7 Securities Exchange Act of 1934, the beneficial owners of any securities covered by this statement. 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Company other than (a) the governing documents of the Partnership and Micro Cap and (b) the investment advisory agreement between Hori Capital Management and Micro Cap. 7. Material to be Filed as Exhibits Exhibit 1 - Agreement regarding filing of joint Schedule 13D. 8 Signature After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. EXECUTED as a sealed instrument this 17th day of November, 1998. PLATINUM PARTNERS, L.P. By: /s/ Calvin G. Hori --------------------------------- Calvin G. Hori, President of Hori Capital Management, Inc., General Partner HORI CAPITAL MANAGEMENT, INC. By: /s/ Calvin G. Hori --------------------------------- Calvin G. Hori, President /s/ Calvin G. Hori --------------------------------- Calvin G. Hori 9 Exhibit 1 AGREEMENT Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13D need be filed with respect to the beneficial ownership by each of the undersigned of the shares of Common Stock of ADDvantage Media Group, Inc. EXECUTED as a sealed instrument this 17th day of November, 1998. PLATINUM PARTNERS, L.P. By: /s/ Calvin G. Hori --------------------------------- Calvin G. Hori, President of Hori Capital Management, Inc., General Partner HORI CAPITAL MANAGEMENT, INC. By: /s/ Calvin G. Hori --------------------------------- Calvin G. Hori, President /s/ Calvin G. Hori --------------------------------- Calvin G. Hori -----END PRIVACY-ENHANCED MESSAGE-----