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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 1)(1)
Think New Ideas, Inc.
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(NAME OF ISSUER)
Common Stock, $.0001 Par Value Per Share
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(TITLE OF CLASS OF SECURITIES)
884094 10 3
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(CUSIP NUMBER)
December 31, 1999
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(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)
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1 The remainder of this cover page shall be filled out for a reporting person's
initial filing of this form with respect to the subject class of securities, and
for any subsequent amendment containing information which could alter the
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).
Page 1 of 7
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CUSIP NO. 884094 10 3 13G PAGE 2 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Capital Ventures International
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5 SOLE VOTING POWER
NUMBER OF
SHARES 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 0**
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REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
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8 SHARED DISPOSITIVE POWER
0**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* /_/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 TYPE OF REPORTING PERSON*
CO
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** Heights Capital Management, Inc. is the investment advisor to Capital
Ventures International and, as such, may exercise voting and dispositive power
over these shares.
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CUSIP NO. 884094 10 3 13G PAGE 3 OF 7 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Heights Capital Management, Inc.
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delware
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5 SOLE VOTING POWER
NUMBER OF
SHARES 0
------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 0**
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REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
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8 SHARED DISPOSITIVE POWER
0**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 TYPE OF REPORTING PERSON*
CO
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** Heights Capital Management, Inc. is the investment advisor to Capital
Ventures International and, as such, may exercise voting and dispositive power
over these shares.
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CUSIP NO. 884094 10 3 13G PAGE 4 OF 7 PAGES
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ITEM 1(a). NAME OF ISSUER:
Think New Ideas, Inc. (the "Company").
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
45 West 36th Street, 12th Floor, New York, New York 10018
ITEM 2(a). NAME OF PERSON FILING:
(1) Capital Ventures International (a "Reporting Person")
(2) Heights Capital Management, Inc. (a "Reporting Person")
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
(1) One Capitol Place, P.O. Box 1787 GT, Grand Cayman Islands,
B.W.I.
(2) 425 California Street, San Francisco, California 94104
ITEM 2(c). CITIZENSHIP:
(1) Cayman Islands
(2) Delaware
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.0001 par value per share, of the Company ("Common
Stock").
ITEM 2(e). CUSIP NUMBER:
884094 10 3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2 (b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or dealer registered under Section 15 of the
Exchange Act;
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) / / Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) / / Investment company registered under Section 8 of the
Investment Company Act;
(e) / / An investment adviser in accordance with Rule 13-d(b)(1)
(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) / / A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. /X/
ITEM 4. OWNERSHIP.
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CUSIP NO. 884094 10 3 13G PAGE 5 OF 7 PAGES
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(1) Capital Ventures International
(a) Amount beneficially owned:
0
(b) Percent of Class:
0.0%
(c) Number of shares to which such person has:
(i) Sole power to vote or direct the vote:
0
(ii) Shared power to vote or direct the vote:
0
(iii) Sole power to dispose or to direct the
disposition of:
0
(iv) Shared power to dispose of or direct the
disposition of:
0
(2) Heights Capital Management, Inc.
(a) Amount beneficially owned:
0
(b) Percent of Class.
0.0%
(c) Number of shares to which such person has:
(i) Sole power to vote or direct the vote.
0
(ii) Shared power to vote or direct the vote:
0
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CUSIP NO. 884094 10 3 13G PAGE 6 OF 7 PAGES
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(iii) Sole power to dispose or to direct the
disposition of.
0
(iv) Shared power to dispose of or direct the
disposition of:
0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS 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
beneficial 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 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 A 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
such purpose or effect.
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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.
Date: FEBRUARY 10, 2000
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CAPITAL VENTURES INTERNATIONAL
By: Heights Capital
Management, Inc.,
pursuant to a Limited
Power of Attorney, a
copy of which was
filed as Exhibit A to
the original Schedule
13G and which is
hereby incorporated by
reference.
By: /S/ MICHAEL SPOLAN
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Michael Spolan, General
Counsel and Secretary
HEIGHTS CAPITAL MANAGEMENT,
INC.
By: /S/ MICHAEL SPOLAN
--------------------------
Michael Spolan, General
Counsel and Secretary
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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A Joint Filing Agreement, dated March 15,
1999, pursuant to Rule 13d-1(k) between
Capital Ventures International and Heights
Capital Management, Inc.
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JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G
with respect to the shares of Common Stock of Think New Ideas, Inc., dated March
15, 1999, and any amendments thereto signed by each of the undersigned shall be
filed on behalf of each of them pursuant to and in accordance with the
provisions of 13(d)-1(k) under the Securities Exchange Act of 1934.
Date: March 15, 1999 CAPITAL VENTURES INTERNATIONAL
By: Heights Capital Management,
pursuant to a Limited Power of
Attorney, a copy of which is
filed as Exhibit A to the
Schedule 13G
By: /S/ MICHAEL SPOLAN
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Michael Spolan, General Counsel
and Secretary
Date: March 15, 1999 HEIGHTS CAPITAL MANAGEMENT, INC.
By: /S/ MICHAEL SPOLAN
-----------------------------
Michael Spolan, General Counsel
and Secretary
