- Amended Statement of Ownership (SC 13G/A)
February 02 2012 - 5:02AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b), (c) AND (d) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. 4)*
CREATIVE VISTAS, INC.
(Name of Issuer)
Common Stock, no par value per share
(Title of Class of Securities)
225300201
(CUSIP Number)
December 31, 2011
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G 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 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).
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CUSIP No. 225300201 Page 2 of 15 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons(entities only):
Laurus Capital Management, LLC
13-4150669
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization:
Delaware
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Number of Shares Beneficially Owned by Each Reporting Person With
(5) Sole Voting Power: 0
--------------------------------------
(6) Shared Voting Power: 0
--------------------------------------
(7) Sole Dispositive Power: 0
--------------------------------------
(8) Shared Dispositive Power: 0
--------------------------------------
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
0
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): |_|
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9):
0%
--------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions):
OO
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|
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CUSIP No. 225300201 Page 3 of 15 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons(entities only):
PSource Structured Debt Limited
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
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(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization:
Guernsey
--------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each Reporting Person With
(5) Sole Voting Power: 0
--------------------------------------
(6) Shared Voting Power: 0
--------------------------------------
(7) Sole Dispositive Power: 0
--------------------------------------
(8) Shared Dispositive Power: 0
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
0
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): |_|
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9):
0%
--------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions):
OO
--------------------------------------------------------------------------------
|
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CUSIP No. 225300201 Page 4 of 15 Pages
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(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons(entities only):
Valens U.S. SPV I, LLC
20-8903266
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(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: 0
--------------------------------------
(7) Sole Dispositive Power: 0
--------------------------------------
(8) Shared Dispositive Power: 0
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
0
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): |_|
--------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9):
0%
-------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions):
OO
--------------------------------------------------------------------------------
|
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CUSIP No. 225300201 Page 5 of 15 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons(entities only):
Valens Offshore SPV I, Ltd.
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization: Cayman Islands
-------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each Reporting Person With
(5) Sole Voting Power: 0
--------------------------------------
(6) Shared Voting Power: 0
--------------------------------------
(7) Sole Dispositive Power: 0
--------------------------------------
(8) Shared Dispositive Power: 0
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
o
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): |_|
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9):
0%
--------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions):
OO
--------------------------------------------------------------------------------
|
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CUSIP No. 225300201 Page 6 of 15 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons(entities only):
Valens Offshore SPV II, Corp.
26-0811267
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(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: 0
--------------------------------------
(7) Sole Dispositive Power: 0
--------------------------------------
(8) Shared Dispositive Power: 0
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
0
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): |_|
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9):
0%
-------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions):
CO
-------------------------------------------------------------------------------
|
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CUSIP No. 225300201 Page 7 of 15 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
Valens Capital Management, LLC
20-8903345
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization:
Cayman Islands
-------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each Reporting Person With
(5) Sole Voting Power: 0
--------------------------------------
(6) Shared Voting Power: 0
--------------------------------------
(7) Sole Dispositive Power: 0
--------------------------------------
(8) Shared Dispositive Power: 0
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
0
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): |_|
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9):
0%
--------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions):
OO
--------------------------------------------------------------------------------
|
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CUSIP No. 225300201 Page 8 of 15 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons(entities only):
David Grin
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization: United States and Israel
-------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each Reporting Person With
(5) Sole Voting Power: 0
--------------------------------------
(6) Shared Voting Power: 0
--------------------------------------
(7) Sole Dispositive Power: 0
--------------------------------------
(8) Shared Dispositive Power: 0
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
0
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): |_|
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9):
0%
--------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions):
IN
--------------------------------------------------------------------------------
|
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CUSIP No. 225300201 Page 9 of 15 Pages
--------------------------------------------------------------------------------
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above
Persons(entities only):
Eugene Grin
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) |_|
(b) |X|
--------------------------------------------------------------------------------
(3) SEC Use Only
--------------------------------------------------------------------------------
(4) Citizenship or Place of Organization:
United States
-------------------------------------------------------------------------------
Number of Shares Beneficially Owned by Each Reporting Person With
(5) Sole Voting Power: 0
--------------------------------------
(6) Shared Voting Power: 0
--------------------------------------
(7) Sole Dispositive Power: 0
--------------------------------------
(8) Shared Dispositive Power: 0
--------------------------------------
--------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
0
--------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): |_|
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9):
0%
--------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions):
IN
--------------------------------------------------------------------------------
|
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CUSIP No. 225300201 Page 10 of 15 Pages
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Item 1(a). Name Of Issuer: Creative Vistas, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
4909 East McDowell Road, Phoenix, Arizona 85008
Item 2(a). Name of Person Filing: Laurus Capital Management, LLC.
This Schedule 13G is also filed on behalf of PSource Structured Debt
Limited, a closed-ended company incorporated with limited liability in Guernsey,
Valens U.S. SPV I, LLC, a Delaware limited liability company, Valens Offshore
SPV I, Ltd., a Cayman Islands limited company, Valens Offshore SPV II, Corp., a
Delaware corporation, Valens Capital Management, LLC, a Delaware limited
liability company, Eugene Grin and David Grin. Laurus Capital Management, LLC
manages PSource Structured Debt Limited, subject to certain preapproval rights
of the board of directors of PSource Structured Debt Limited. Valens Capital
Management, LLC manages Valens U.S. SPV I, LLC, Valens Offshore SPV I, Ltd. and
Valens Offshore SPV II, Corp. Eugene Grin and David Grin, through other
entities, are the controlling principals of Laurus Capital Management, LLC and
Valens Capital Management, LLC and share voting and investment power over the
securities owned by PSource Structured Debt Limited, Valens U.S. SPV I, LLC,
Valens Offshore SPV I, Ltd. and Valens Offshore SPV II, Corp. reported in this
Schedule 13G, as amended. Information related to each of PSource Structured Debt
Limited, Valens U.S. SPV I, LLC, Valens Offshore SPV I, Ltd., Valens Offshore
SPV II, Corp., Valens Capital Management, LLC, Eugene Grin and David Grin is set
forth on Appendix A hereto.
Item 2(b). Address of Principal Business Office or, if None, Residence:
875 Third Avenue, 3rd Floor, New York, NY 10022
Item 2(c). Citizenship:
Delaware
Item 2(d). Title of Class of Securities: Common Stock, no par value per share
Item 2(e). CUSIP No.: 225300201
Item 3. Not Applicable.
Item 4. Ownership
|
Page 11 of 15 Pages
(a) Amount Beneficially Owned: 0
(b) Percent of Class: 0%
(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: 0
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or L ess 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 owner of more than five
percent of the class of securities, check the following: |X|
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 or
Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
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 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 12 of 15 Pages
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.
January 31, 2012
Date
Laurus Capital Management, LLC
By: /s/ Eugene Grin
-----------------------------
Name: Eugene Grin
Title: Principal
|
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
Page 13 of 15 Pages
APPENDIX A
A. Name: PSource Structured Debt Limited, a closed
ended company incorporated with limited
liability in Guernsey
Address: c/o Laurus Capital Management, LLC
875 Third Avenue, 3rd Floor
New York, New York 10022
Place of
Organization: Guernsey
B. Name: Valens U.S. SPV I, LLC, a Delaware limited
liability company
Address: c/o Valens Capital Management, LLC
875 Third Avenue, 3rd Floor
New York, New York 10022
Place of
Organization: Delaware
C. Name: Valens Offshore SPV I Ltd., a Cayman Islands
limited company
Address: c/o Valens Capital Management, LLC
875 Third Avenue, 3rd Floor
New York, New York 10022
Place of
Organization: Cayman Islands
D. Name: Valens Offshore SPV II, Corp., a Delaware
corporation
Address: c/o Valens Capital Management, LLC
875 Third Avenue, 3rd Floor
New York, New York 10022
Place of
Organization: Delaware
E. Name: Valens Capital Management, LLC, a Delaware
limitedliability company
Address: 875 Third Avenue, 3rd Floor
New York, New York 10022
|
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CUSIP No. 225300201 Page 14 of 15 Pages
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Place of
Organization: Delaware
F. Name: David Grin
Business Address: c/o Laurus Capital Management, LLC
875 Third Avenue, 3rd Floor
New York, New York 10022
Principal
Occupation: Principal of Laurus Capital Management, LLC
Citizenship: United States and Israel
G. Name: Eugene Grin
Business Address: c/o Laurus Capital Management, LLC
875 Third Avenue, 3rd Floor
New York, New York 10022
Principal
Occupation: Principal of Laurus Capital Management, LLC
Citizenship: United States
|
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CUSIP No. 225300201 Page 14 of 15 Pages
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Each of PSource Structured Debt Limited, Valens U.S. SPV I, LLC, Valens Offshore
SPV I, Ltd., Valens Offshore SPV II, Corp., Valens Capital Management, LLC,
David Grin and Eugene Grin hereby agree, by their execution below, that the
Schedule 13G to which this Appendix A is attached is filed on behalf of each of
them, respectively.
PSource Structured Debt Limited
By Laurus Capital Management, LLC,
as investment manager
/s/ Eugene Grin
-----------------------------------------
Eugene Grin
Authorized Signatory
January 31, 2012
Valens U.S. SPV I, LLC
Valens Offshore SPV I, Ltd.,
Valens Offshore SPV II, Corp.
Valens Capital Management, LLC
By: Valens Capital Management, LLC
Individually and as investment manager
/s/ Eugene Grin
-----------------------------------------
Eugene Grin
Authorized Signatory
January 31, 2012
/s/ David Grin
-----------------------------------------
David Grin, as an individual
January 31, 2012
/s/ Eugene Grin
-----------------------------------------
Eugene Grin, as an individual
January 31, 2012
|
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