SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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. 5)1
MOTO GUZZI CORPORATION (f/k/a NORTH ATLANTIC ACQUISITION CORP.)
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(Name of issuer)
CLASS A COMMON STOCK
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(Title of class of securities)
619819 10 5
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(CUSIP number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
505 Park Avenue
New York, New York 10022
(212) 753-7200
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(Name, address and telephone number of person authorized to
receive notices and communications)
October 19, 1999
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(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 that 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 o.
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 16 Pages)
- --------
1 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 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).
<PAGE>
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CUSIP No. 619819 10 5 13D Page 2 of 16 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BARRY RUBENSTEIN
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 185,000(1)
OWNED BY EACH -------------------------------------------------------------
REPORTING
PERSON WITH
8 SHARED VOTING POWER
448,000(2)
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
185,000(1)
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
448,000(2)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
633,000(1)(2)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
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14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) The securities are held by Barry Rubenstein Rollover IRA. Includes
warrants to purchase 165,000 shares of Class A Common Stock.
(2) Includes (i) 342,410 shares of Class A Common Stock held by Wheatley
Partners, L.P., (ii) 21,590 shares of Class A Common Stock held by
Wheatley Foreign Partners, L.P., (iii) 35,000 shares of Class A Common
Stock held Woodland Venture Fund, (iv) 21,000 shares of Class A Common
Stock held by Woodland Partners and (v) 28,000 shares of Class A Common
Stock held by Seneca Ventures. Mr. Rubenstein disclaims beneficial
ownership of these securities, except to the extent of his respective
equity interest therein.
<PAGE>
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CUSIP No. 619819 10 5 13D Page 3 of 16 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WHEATLEY PARTNERS, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 342,410
OWNED BY EACH ------------------------------------------------------------
REPORTING
PERSON WITH
8 SHARED VOTING POWER
21,590(1)
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
342,410
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,590(1)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
364,000(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
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14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes 21,590 shares of Class A Common Stock held by Wheatley Foreign
Partners, L.P., of which Wheatley Partners, L.P. disclaims beneficial
ownership.
<PAGE>
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CUSIP No. 619819 10 5 13D Page 4 of 16 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WHEATLEY FOREIGN PARTNERS, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 21,590
OWNED BY EACH --------------------------------------------------------------
REPORTING
PERSON WITH
8 SHARED VOTING POWER
342,410(1)
--------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
21,590
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
342,410(1)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
364,000(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes 342,410 shares of Class A Common Stock held by Wheatley
Partners, L.P., of which Wheatley Foreign Partners, L.P. disclaims
beneficial ownership.
<PAGE>
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CUSIP No. 619819 10 5 13D Page 5 of 16 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WOODLAND VENTURE FUND
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
NEW YORK
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 35,000
OWNED BY EACH ------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
35,000
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
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14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 619819 10 5 13D Page 6 of 16 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WOODLAND PARTNERS
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
NEW YORK
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 21,000
OWNED BY EACH ------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
21,000
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
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14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 619819 10 5 13D Page 7 of 16 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SENECA VENTURES
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
NEW YORK
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 28,000
OWNED BY EACH ------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
28,000
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
28,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
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14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 619819 10 5 13D Page 8 of 16 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BARRY FINGERHUT
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF, OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 21,000
OWNED BY EACH -------------------------------------------------------------
REPORTING
PERSON WITH
8 SHARED VOTING POWER
364,000(1)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
21,000
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
364,000(1)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
385,000(1)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 342,410 shares of Class A Common Stock held by Wheatley
Partners, L.P., and (ii) 21,590 shares of Class A Common Stock held by
Wheatley Foreign Partners, L.P., of which Mr. Fingerhut disclaims
beneficial ownership except to the extent of his respective equity
interest therein.
<PAGE>
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CUSIP No. 619819 10 5 13D Page 9 of 16 Pages
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
IRWIN LIEBER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF, OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 21,000
OWNED BY EACH -------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
364,000(1)
-------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
21,000
-------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
364,000(1)
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
385,000(1)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Includes (i) 342,410 shares of Class A Common Stock held by Wheatley
Partners, L.P., and (ii) 21,590 shares of Class A Common Stock held by
Wheatley Foreign Partners, L.P., of which Mr. Lieber disclaims
beneficial ownership except to the extent of his respective equity
interest therein.
<PAGE>
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CUSIP No. 619819 10 5 13D Page 10 of 16 Pages
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The following constitutes Amendment No. 5 to the Schedule 13D filed by
the undersigned (the "Schedule 13D"). Except as specifically amended by this
Amendment No. 5, the Schedule 13D remains in full force and effect.
Item 3 is hereby amended to add the following:
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
The aggregate purchase price of the Moto Guzzi Class A
Warrants ("GUZIW") to purchase 165,000 shares of Class A Common Stock held by
the Barry Rubenstein Rollover IRA is $128,906.25 and were acquired with his
personal funds.
Item 5(a) and (b) are hereby amended to read in their entirety
as follows:
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a) The following table sets forth the aggregate number and
percentage (based on 5,496,000 shares of Class A Common Stock outstanding as of
August 13, 1999, as reported by the Issuer on its Form-10Q filed with the
Securities and Exchange Commission on June 30, 1999) of Class A Common Stock
beneficially owned by each person named in Item 2 of Schedule 13D.
Shares of Common Percentage of Shares of
Stock Common Stock
Name Beneficially Owned Beneficially Owned
- ---- ------------------ ------------------
Wheatley Partners, L.P.(1) 364,000 6.6%
Barry Rubenstein(2) 633,000 11.2%
Irwin Lieber(3) 385,000 7.0%
Barry Fingerhut(3) 385,000 7.0%
Wheatley Partners, LLC(4) 364,000 6.6%
Seth Lieber(3) 364,000 6.6%
Jonathan Lieber(3) 364,000 6.6%
Wheatley Management Ltd.(5) 21,590 0.4%
Wheatley Foreign Partners, L.P.(6) 364,000 6.6%
Seneca Ventures 28,000 0.5%
Woodland Venture Fund 35,000 0.6%
Woodland Partners 21,000 0.4%
Marilyn Rubenstein(7) 84,000 1.5%
Woodland Services Corp.(8) 63,000 1.1%
<PAGE>
- ---------------------
(1) Includes 21,590 shares of Class A Common Stock held by Wheatley
Foreign. Wheatley disclaims beneficial ownership of the securities held
by Wheatley Foreign.
(2) Includes (i) 342,410 shares of Class A Common Stock held by Wheatley,
(ii) 21,590 shares of Class A Common Stock held by Wheatley Foreign,
(iii) 35,000 shares of Class A Common Stock held by Woodland Venture
Fund, (iv) 21,000 shares of Class A Common Stock held by Woodland
Partners and (v) 28,000 shares of Class A Common Stock held by Seneca.
Mr. Rubenstein disclaims beneficial ownership of these securities,
except to the extent of his respective equity interest therein. Also
includes Moto Guzzi Class A Warrants to purchase up to 165,000 shares
of Class A Common Stock.
(3) Includes (i) 342,410 shares of Class A Common Stock held by Wheatley
and (ii) 21,590 shares of Class A Common Stock held by Wheatley
Foreign, of which the person identified in the table disclaims
beneficial ownership, except to the extent of his respective equity
interest therein.
(4) Includes (i) 342,410 shares of Class A Common Stock held by Wheatley
and (ii) 21,590 shares of Class A Common Stock held by Wheatley
Foreign. Wheatley LLC disclaims beneficial ownership of these
securities except to the extent of its equity respective ownership in
Wheatley and Wheatley Foreign.
(5) Includes 21,590 shares of Class A Common Stock held by Wheatley
Foreign, of which Wheatley Management disclaims beneficial ownership,
except to the extent of its equity interest therein.
(6) Includes 342,410 shares of Class A Common Stock held by Wheatley.
Wheatley Foreign disclaims beneficial ownership of the securities held
by Wheatley.
(7) Includes (i) 21,000 shares of Class A Common Stock held by Woodland
Partners, (ii) 35,000 shares of Class A Common Stock held by Woodland
Venture Fund and (iii) 28,000 shares of Class A Common Stock held by
Seneca. Mrs. Rubenstein disclaims beneficial ownership of the
securities held by Woodland Partners, Woodland Venture Fund and Seneca,
except to the extent of her respective equity interest therein. Does
not include securities held by Barry Rubenstein, the husband of Marilyn
Rubenstein.
(8) Includes (i) 35,000 shares of Class A Common Stock held by Woodland
Venture Fund and (ii) 28,000 shares of Class A Common Stock held by
Seneca, of which Woodland Services Corp. disclaims beneficial
ownership, except to the extent of its respective equity ownership
therein.
(b) Wheatley has sole power to vote and dispose of 342,410
shares of Class A Common Stock, representing approximately 6.2% of the
outstanding shares of Class A Common Stock and may be deemed to have shared
power to vote and dispose of 21,590 shares of Class A
<PAGE>
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CUSIP No. 619819 10 5 13D Page 11 of 16 Pages
- ------------------------------- --------------------------
Common Stock, representing approximately 0.4% of the outstanding shares of Class
A Common Stock.
By virtue of being the general partner of Wheatley and a
general partner of Wheatley Foreign, Wheatley LLC may be deemed to have shared
power to vote and dispose of 364,000 shares of Common Stock, representing
approximately 6.6% of the outstanding shares of Class A Common Stock.
By virtue of being a member and an officer of Wheatley LLC,
each of Seth Lieber and Jonathan Lieber may be deemed to have shared power to
vote and dispose of 364,000 shares of Class A Common Stock, representing
approximately 6.6% of the outstanding shares of Class A Common Stock.
Barry Rubenstein has sole power to vote and dispose of 20,000
shares of Class A Common Stock and warrants to purchase up to 165,000 shares of
Class A Common Stock held by the Barry Rubinstein Rollover IRA, representing
approximately 3.3% of the outstanding shares of Common Stock. By virtue of being
a member and an officer of Wheatley LLC and a general partner of Seneca,
Woodland Partners and Woodland Venture Fund, Mr. Rubenstein may be deemed to
have shared power to vote and dispose of 448,000 shares of Class A Common Stock,
representing approximately 8.2% of the outstanding shares of Class A Common
Stock.
Irwin Lieber has sole power to vote and dispose of 21,000
shares of Class A Common Stock, representing approximately 0.4% of the
outstanding shares of Class A Common Stock. By virtue of being a member and an
officer of Wheatley LLC, Irwin Lieber may be deemed to have shared power to vote
and dispose of 364,000 shares of Class A Common Stock, representing
approximately 6.6% of the outstanding shares of Class A Common Stock.
Barry Fingerhut has sole power to vote and dispose of 21,000
shares of Class A Common Stock, representing approximately 0.4% of the
outstanding shares of Class A Common Stock. By virtue of being a member and an
officer of Wheatley LLC, Barry Fingerhut may be deemed to have shared power to
vote and dispose of 364,000 shares of Class A Common Stock, representing
approximately 6.6% of the outstanding shares of Class A Common Stock.
Wheatley Foreign has sole power to vote and dispose of 21,590
shares of Class A Common Stock, representing approximately 0.4% of the
outstanding shares of Class A Common Stock and may be deemed to have shared
power to vote and dispose of 342,410 shares of Class A Common Stock,
representing approximately 6.2% of the outstanding shares of Class A Common
Stock.
By virtue of being a general partner of Wheatley Foreign,
Wheatley Management may be deemed to have shared power to vote and dispose of
21,590 shares of Class A Common Stock, representing approximately 0.4% of the
outstanding shares of Class A Common Stock.
Seneca has sole power to vote and dispose of 28,000 shares of
Class A Common Stock representing approximately 0.5% of the outstanding shares
of Class A Common Stock.
<PAGE>
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CUSIP No. 619819 10 5 13D Page 12 of 16 Pages
- ------------------------------- --------------------------
Woodland Venture Fund has sole power to vote and dispose of
35,000 shares of Class A Common Stock representing approximately 0.6% of the
outstanding shares of Class A Common Stock.
Woodland Partners has sole power to vote and dispose of 21,000
shares of Class A Common Stock representing 0.4% of the outstanding shares of
Class A Common Stock.
By virtue of being a general partner of Woodland Partners and
an officer of Woodland Services Corp., which is a general partner of Seneca and
Woodland Venture Fund, Marilyn Rubenstein may be deemed to have shared power to
vote and dispose of 84,000 shares of Class A Common Stock, representing
approximately 1.5% of the outstanding shares of Class A Common Stock.
By virtue of being a general partner of Seneca and Woodland
Venture Fund, Woodland Services Corp. may be deemed to have shared power to vote
and dispose of 63,000 shares of Class A Common Stock, representing approximately
1.1% of the outstanding shares of Class A Common Stock.
<PAGE>
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CUSIP No. 619819 10 5 13D Page 13 of 16 Pages
- ------------------------------- --------------------------
(c) The following table sets forth a description of all
transactions in shares of Class A Common Stock of the Issuer by the Reporting
Persons since the filing of Amendment No.
4.
Transaction Number of Shares Transaction
Name Date Acquired/Sold Price
---- ---- ------------- -----
Warrants to Purchase Class A
- ----------------------------
Common Stock
- ------------
Barry Rubenstein Rollover IRA 10/19/99 165,000 $0.78125
- --------------
The securities set forth in the table above were purchased in open
market transactions.
(The remainder of this page is intentionally left blank.)
<PAGE>
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CUSIP No. 619819 10 5 13D Page 14 of 16 Pages
- ------------------------------- --------------------------
SIGNATURES
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: November 3, 1999
/s/ Barry Rubenstein
--------------------------------------------------
Barry Rubenstein
WHEATLEY PARTNERS, L.P.
By: Wheatley Partners, LLC, the General Partner
By: /s/ Irwin Lieber
-----------------------------------------------
Irwin Lieber, President
/s/ Irwin Lieber
--------------------------------------------------
Irwin Lieber
/s/ Barry Fingerhut
--------------------------------------------------
Barry Fingerhut
WHEATLEY FOREIGN PARTNERS, L.P.
By: Wheatley Partners, LLC, a General Partner
By: /s/ Irwin Lieber
-----------------------------------------------
Irwin Lieber, President
SENECA VENTURES
By: /s/ Barry Rubenstein
-----------------------------------------------
Barry Rubenstein, a General Partner
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
-----------------------------------------------
Barry Rubenstein, a General Partner
<PAGE>
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CUSIP No. 619819 10 5 13D Page 15 of 16 Pages
- ------------------------------- --------------------------
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
-----------------------------------------------
Barry Rubenstein, a General Partner
