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OMB APPROVAL
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OMB Number: 3235-0145
UNITED STATES Expires: August 31, 1999
SECURITIES AND EXCHANGE COMMISSION Estimated average burden
Washington, D.C. 20549 hours per form .......14.90
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
Orion Acquisition Corp. II
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title Class of Securities)
685924 102
- --------------------------------------------------------------------------------
(CUSIP Number)
MDB Capital Group LLC
100 Wilshire Boulevard
17th Floor
Santa Monica, California 90401
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
April 30, 1999
- --------------------------------------------------------------------------------
(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 |_|
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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 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 28 Pages
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 2 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
MDB Capital Group LLC
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
WC - Working Capital
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
State of California
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
146,150
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 146,150
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
146,150
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.4%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
BD
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 3 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Anthony DiGiandomenico
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
19,225
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 146,150(1)
EACH ----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 19,225
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
146,150(1)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
165,375
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.6%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
(1) Held in trading account of MDB Capital Group LLC of which Reporting Person
is a member and an operating officer.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 4 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
James D. Bowyer
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
56,400(1)
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 146,150(2)
EACH ----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 56,400(1)
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
146,150(2)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
202,550
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
(1) Includes 43,400 shares held in the James D. Bowyer Pension Plan of which
Reporting Person is the sole trustee.
(2) Held in trading account of MDB Capital Group LLC of which Reporting Person
is a member and an operating officer.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 5 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Christopher A. Marlett
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
60,550
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 146,150(1)
EACH ----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 60,550
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
146,150(1)
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
208,700
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
(1) Held in trading account of MDB Capital Group LLC of which Reporting Person
is a member and an operating officer.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 6 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Dyana Williams Marlett
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
25,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 25,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 7 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Leonard Rothstein
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
10,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 10,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 8 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
William Fioretti
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
70,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 70,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 9 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
AMDG Ltd., Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
WC - Working Capital
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Panamaniam Corporation
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
10,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 10,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 10 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
MacDonald Bowyer
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
8,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 8,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 11 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Stephen Walker Family Trust
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
OO - Trust Funds
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
12,500
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 12,500
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO - Trust
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 12 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Oceanfilm Ltd.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
WC - Working Capital
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
4,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 4,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000
- -------------------------------------------------------------------------------
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%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 13 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Susan Patricia Tierney
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
3,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 14 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Patricia Tierney cust FBO B.J. Tierney
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
00 - Other (funds of B.J. Tierney)
- -------------------------------------------------------------------------------
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
3,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 15 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Patricia Tierney
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
16,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 16,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 16 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Edmund Roy Fitterer and Brenda L. Fitterer
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
PF - Personal Funds
- -------------------------------------------------------------------------------
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
5,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 5,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000
- -------------------------------------------------------------------------------
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%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------- ---------------------------
CUSIP No. 685924102 Page 17 of 28 Pages
- -------------------------- ---------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Par Excellence Investment Inc.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(See Instructions)* (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*(See Instructions)
WC - Working Capital
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
5,000
NUMBER OF ----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 5,000
WITH ----------------------------------------------------
10 SHARED DISPOSITIVE POWER
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000
- -------------------------------------------------------------------------------
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%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Item 1. Securities and Issuer
The class of equity securities to which this statement relates is the
Common Stock, $.01 par value, of Orion Acquisition Corp. II ("Company"), a
Delaware corporation, whose principal executive offices are located at 1430
Broadway, 13th Floor, New York, New York 10018.
Item 2. Identity and Background
This statement is filed on behalf of MDB Capital Group LLC ("MDB"),
Christopher A. Marlett ("C. Marlett"), James D. Bowyer ("J. Bowyer"), Anthony
DiGiandomenico ("DiGiandomenico"), Dyana Williams Marlett ("D. Marlett"),
Leonard Rothstein ("Rothstein"), William C. Fioretti ("Fioretti"), AMDG Ltd.,
Inc. ("AMDG"), MacDonald Bowyer ("M. Bowyer"), Stephen Walker Family Trust
("Walker Trust"), Oceanfilm Ltd. ("Oceanfilm"), Susan Patricia Tierney ("S.
Tierney"), Patricia Tierney for herself and as custodian for B.J. Tierney ("P.
Tierney"), Edmund Roy Fitterer and Brenda Fitterer (together "Fitterer") and Par
Excellence Investment Inc. ("Par Excellence"). C. Marlett, J. Bowyer,
DiGiandomenico, D. Marlett, Rothstein, Fioretti, M. Bowyer, S. Tierney, P.
Tierney, Fitterer, AMDG, Walker Trust, Oceanfilm, Par Excellence and MDB are
collectively referred to as the "Reporting Persons."
MDB's business address is 100 Wilshire Boulevard, 17th Floor, Santa Monica,
California 90401. MDB is a registered broker-dealer and investment firm. C.
Marlett, Bowyer and DiGiandomenico are the members of the limited liability
company, MDB. D. Marlett is the Chief Operating Officer of MDB. Each of C.
Marlett, Bowyer, DiGiandomenico, D. Marlett and Rothstein is a full-time
employee of MDB and each of their business addresses is the same as that of MDB.
C. Marlett and D. Marlett are husband and wife.
The business address of MacDonald Bowyer is 3231 11th Street, Boulder,
Colorado 80304. M. Bowyer is a professional photographer. M. Bowyer is the son
of J. Bowyer.
The business address of Stephen Walker Family Trust is 1408 Olivia Street,
Key West, Florida 33040.
The business address of S. Tierney is 2147 Stradella Road, Los Angeles,
California 90077. S. Tierney is an investor. S. Tierney is the daughter of P.
Tierney and sister of B. Tierney.
The business address of P. Tierney for herself and as custodian for B.
Tierney is 2147 Stradella Road, Los Angeles, California 90077. P. Tierney is an
investor. P. Tierney is the mother of S. Tierney and B. Tierney.
The business address of Fioretti is 6333 North Highway 161, Suite 350,
Irving, Texas 75038. Fioretti is the President of Agritech, Inc., a firm in the
bio-agricultural business.
The business address of AMDG is P.O. Box 832-2522, World Trade Center,
Panama City, Republic of Panama. AMDG is an investment company.
Page 18 of 28 Pages
<PAGE>
The business address of Oceanfilm Ltd. is P.O. Box 3186, Abbot Bldg., Main
Street, Roadtown, Tortola, BVI. Oceanfilm is an investment company.
The business address of Fitterer is 1616 Orchard, Santa Ana Heights,
California 92709. Fitterer is an investor and owner of a plant importing
company.
The business address of Par Excellence is 11750 Sunset Blvd., # 407, Los
Angeles, California 90049. Par Excellence is an investment company.
MDB is a limited liability company organized and existing under the laws of
the State of California. AMDG is a Panamanian corporation. Walker Trust is a
trust organized under Florida law. Oceanfilm is a British Virgin Island
corporation. Par Excellence is organized and existing under the laws of the
State of Nevada. Each of the Reporting Persons who is an individual is a citizen
of the United States.
None of the Reporting Persons has been convicted in any criminal proceeding
(excluding traffic violations or similar misdemeanors) during the last five
years.
None of the Reporting Persons has been a party to any civil proceeding of a
judicial or administrative body of competent jurisdiction resulting in any
judgment, decree or final order enjoining it from engaging in future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws during the
last five years.
Item 3. Source and Amount of Funds or Other Consideration
MDB, AMDG, Oceanfilm and Par Excellence used corporate working capital
funds to acquire the Common Stock reported upon in this Schedule 13D as owned by
it. Walker Trust used trust funds to acquire the Common Stock reported upon in
this Schedule 13D as owned by it. C. Marlett, J. Bowyer, DiGiandomenico, D.
Marlett, Rothstein, Fioretti, M. Bowyer, S. Tierney, P. Tierney for herself and
as custodian and Fitterer used personal funds to acquire the Common Stock
reported upon in this Schedule 13D as owned by them. Each of these persons, if
they make future purchases of the Common Stock, will use their corporate, trust
or personal funds, as the case may be. None of the Reporting Persons has
borrowed and does not contemplate borrowing any funds to acquire Common Stock.
Item 4. Purpose of Transactions
The Common Stock acquired by MDB prior to January 12, 1999 was acquired in
its trading account in the course of market-making activities as a registered
broker-dealer. The Common Stock acquired by MDB since January 12, 1999 was
acquired in its trading account. The Common Stock acquired by each of C.
Marlett, Bowyer and DiGiandomenico prior to January 12, 1999, was acquired as an
investment. The shares of Common Stock acquired since January 12, 1999 by the
Reporting Persons not mentioned above in this paragraph was acquired for
Page 19 of 28 Pages
<PAGE>
investment purposes as well as for the purpose of increasing the ownership
percentage of the Company by the Reporting Persons to effect the objectives set
forth below in this "Item 4. Purpose of Transaction."
The Company distributed a proxy statement dated December 8, 1998 to solicit
proxies on behalf of current management for a special meeting of stockholders.
The purpose of the meeting was to approve a plan of liquidation and corporate
dissolution of the Company. The proxy statement was received by each of MDB, C.
Marlett, Bowyer and DiGiandomenico, as beneficial owners, on January 8, 1999.
The meeting was scheduled for January 12, 1999 and was postponed for a lack of
quorum to January 20, 1999. The adjourned meeting was held, but there continued
to be a lack of quorum. Therefore, the Company terminated its solicitation of
proxies for a special meeting of stockholders.
Each of C. Marlett, Bowyer and DiGiandomenico determined that corporate
dissolution of the Company was not in their best interests. On many occasions
since January 12, 1999 C. Marlett and his representatives met with or had
telephone conferences with management and their representatives to propose
alternative actions to the plan of liquidation and corporate dissolution. These
discussions were terminated on or about April 19, 1999.
The Reporting Persons may undertake one or more of the actions set forth
below except as to item (d) which action has been taken.
(a) Each of the Reporting Persons may acquire additional securities from
time to time in the market or in private transactions. None of these persons has
any agreements to acquire any Common Stock at this time, except as to MDB
discussed below. Except as disclosed in this Schedule 13D, none of these persons
intends to dispose of any Common Stock now held or acquired in the future.
MDB intends to acquire and dispose of Common Stock on a regular basis to
the extent permitted by law. MDB expects to increase its holdings of Common
Stock in its trading account over time. MDB may assign shares of Common Stock in
its trading account to its investment account or allocate or sell shares of
Common Stock to C. Marlett, Bowyer, DiGiandomenico, or to other persons in the
future.
(b) The Company was formed for the specific purpose of identifying an
operating business for acquisition and completing a merger or other business
combination with it. Each of the Reporting Persons intends to cause the Company
to continue this business objective. The Reporting Persons have not identified
at this time any business for acquisition and have no agreements or arrangements
for a merger or other business combination.
(c) The principal asset of the Company is cash. These funds are held in an
escrow account with Chase Manhattan Bank, N.A. and aggregate approximately
$9,100,000, plus interest earned since December 31, 1998. The Reporting Persons
intend to cause either a merger of the Company with another entity which will
terminate the escrow account or a termination of the escrow account other than
in connection with a merger. If the escrow account is terminated other than
because of a merger, the Reporting Persons intend to cause the distribution of a
Page 20 of 28 Pages
<PAGE>
significant portion of the funds as a return of capital and dividend income to
the holders of only those shares of the Common Stock issued in the initial
public offering of the Company on July 2, 1996. Funds currently in the escrow
account not distributed to certain holders of Common Stock may be constructively
transferred to another entity in connection with a merger or business
combination and will be used to fund the operations and pay the expenses of the
Company.
(d) The Reporting Persons represent a majority of the outstanding Common
Stock. The Reporting Persons have together signed and submitted to the Company a
written consent of stockholders removing the current directors of the Company
and electing in their positions the following five individuals: C. Marlett,
DiGiandomenico, J. Bowyer, D. Marlett and Fioretti. Each of these persons is one
of the Reporting Persons. By this action, the Reporting Persons have effected a
change of control of the Company.
The following is a brief biography of each of the persons elected as the
new directors of the Company:
Christopher A. Marlett is a co-founder and member of MDB, an investment
banking firm formed in December 1996. MDB is an NASD member broker-dealer which
specializes in working with growth oriented companies. Prior to forming MDB, Mr.
Marlett was employed as a Managing Director by Laidlaw Equities from May of 1995
to December of 1996 where he was in charge of Laidlaw's West Coast investment
banking activities. From March of 1991 to May of 1995 Mr. Marlett was affiliated
with Drake Capital Securities where he formed a division called
Marlett/Mazzarella and directed all investment banking activities of the
division. Mr. Marlett holds a degree in Business Administration from the
University of Southern California.
Anthony DiGiandomenico is a co-founder and member of MDB, an investment
banking firm formed in December 1996. Mr. DiGiandomenico served as President and
CEO of the Digian Company from 1988 through 1996, a real estate development
company. Mr. DiGiandomenico is a candidate to become a Chartered Financial
Analyst (CFA) having passed Level 1 and holds a Bachelors of Science Degree in
Finance from the University of Colorado and a Masters in Business Administration
from the Haas Business School at the University of California, Berkeley.
James D. Bowyer is a co-founder and member of MDB, an investment banking
firm formed in December 1996. Mr. Bowyer was employed at Laidlaw Equities from
August of 1995 to December of 1996. Mr. Bowyer's career has spanned over thirty
years in the securities industry focused on financing and investing in growth
companies. In 1976 Mr. Bowyer formed MacDonald, Krieger & Bowyer a full service
broker-dealer based in Beverly Hills, California, which was subsequently sold in
1982. Mr. Bowyer then founded his own investment firm, J.D. Bowyer & Co. which
he operated from 1983 to 1995.
Dyana Williams Marlett is a co-founder of MDB and acts as its Chief
Operating Officer. From March of 1995 to December of 1996, Ms. Marlett was
employed by Laidlaw Equities as a Vice President handling investment banking and
syndicate activities for the West Coast. From October of 1990 through March of
1995, Ms. Marlett was employed at Drake Capital Securities where she acted as
Page 21 of 28 Pages
<PAGE>
Syndicate Manager. Ms. Marlett holds several licenses with the National
Association of Securities Dealers. Ms. Marlett is the wife of Mr. Christopher
Marlett.
William C. Fioretti is the founder of Agritech Labs, and has served as its
president and a director since 1992. Agritech Labs is a research and development
company which concentrates on veterinary bio-pharmaceuticals. Mr. Fioretti is
also a founder of Mannatech Incorporated (NASDAQ:MTEX) a publicly traded direct
marketing company specializing in consumer health products. Mr. Fioretti served
Mannatech as the Chief Executive Officer from 1993 through 1996, as Chief
Scientific Officer from 1996 through 1997 and a director from inception until
his retirement from Mannatech in November of 1997. Mr. Fioretti completed his
undergraduate education at Appalachian State University from 1970-1974,
completed his graduate training at the Medical University of South Carolina from
1974-1978 and did post graduate training at the University of Florida from
1978-1980.
(e) The Reporting Persons intend to cause a change in the capital structure
of the Company. The change may be effected by the elimination of some or all of
the outstanding classes of equity securities and/or by modification of
outstanding equity securities and the terms of outstanding options and warrants.
These changes may be effected through negotiation and/or shareholder action.
As discussed above, the Reporting Persons may effect a distribution of some
of the cash assets of the Company.
(f) The Reporting Persons may cause a change in the Certificate of
Incorporation to eliminate the requirement that a vote of two-thirds of the
outstanding shares of Common Stock of the Company are required to approve a
business combination. The effect of this may be to permit the Company to enter
into a merger or business combination without the prior approval of the
stockholders of the Company. These changes will be effected through shareholder
action.
The Reporting Persons currently do not intend to make material changes in
the corporate structure, charter, bylaws, or corresponding instruments other
than as described above or take other actions which may impede the acquisition
of control of the Company by any person. Notwithstanding the foregoing,
circumstances may arise where it is advisable to make such changes. It is
expected that in connection with a merger or business combination there will be
changes to the constituent documents of the Company and introduction of various
anti-takeover provisions.
(g) The Reporting Persons do not intend to cause any class of securities 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; or to cause a class of equity securities of the Company
becoming eligible for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act of 1934.
Page 22 of 28 Pages
<PAGE>
Item 5. Interest in Securities of the Issuer
MDB is the owner of 146,150 shares of Common Stock. All of the shares are
held in the trading account of MDB. MDB acquired an aggregate of 95,500 shares
of Common Stock during the 60 days ending April 30, 1999. All of these shares
were acquired as set forth below. MDB currently beneficially owns 16.4% of the
outstanding shares of Common Stock.
DiGiandomenico owns 19,225 shares of Common Stock. DiGiandomenico has sole
voting and dispositive power over these shares. DiGiandomenico has shared voting
and dispositive power over the 146,150 shares of Common Stock owned by MDB
because he is a member of MDB and one of three operating persons of MDB.
DiGiandomenico is deemed to beneficially own 165,375 shares of Common Stock.
DiGiandomenico acquired an aggregate of 18,150 shares of Common Stock during the
60 days ending April 30, 1999 as set forth below. DiGiandomenico currently
beneficially owns 18.6% of the outstanding shares of Common Stock.
J. Bowyer owns 10,000 shares of Common Stock directly and 46,400 shares of
Common Stock indirectly in the James D. Bowyer Pension Plan of which he is the
sole trustee. J. Bowyer has sole voting and dispositive power over 56,400 shares
of Common Stock. J. Bowyer has shared voting and dispositive power over the
146,150 shares of Common Stock owned by MDB because he is a member of MDB and
one of the three operating persons of MDB. J. Bowyer is deemed to beneficially
own 202,550 shares of Common Stock currently representing 22.8% of the
outstanding shares of Common Stock. The above amounts do not include 3,000
shares of Common Stock issuable upon exercise of Class A Warrants issued by the
Company which are not exercisable within 60 days.
C. Marlett owns 60,550 shares in the Christopher A. Marlett Living Trust
("Trust") of which C. Marlett is the sole trustee. C. Marlett has sole voting
and dispositive power over 60,550 shares of Common Stock. C. Marlett has shared
voting and dispositive power over the 146,150 shares of Common Stock owned by
MDB because he is a member of MDB and one of the three operating persons of MDB.
C. Marlett is deemed to beneficially own 208,700 shares of Common Stock. C.
Marlett acquired 25,000 shares of Common Stock during the 60 days ending April
30, 1999 as set forth below. C. Marlett currently beneficially owns 23.5% of the
outstanding shares of Common Stock. C. Marlett disclaims beneficial ownership of
shares of Common Stock owned by D. Marlett, and those shares are not included in
the above amounts.
D. Marlett owns 25,000 shares of Common Stock directly. D. Marlett has sole
voting and dispositive power of the 25,000 shares of Common Stock which
currently represents 2.8% of the outstanding shares of Common Stock. D. Marlett
acquired an aggregate of 25,000 shares of Common Stock during the 60 days ending
April 30, 1999 as set forth below. D Marlett disclaims beneficial ownership of
the shares of Common Stock owned by C. Marlett, and those shares are not
included in the above amounts.
Page 23 of 28 Pages
<PAGE>
Rothstein owns 10,000 shares of Common Stock directly. Rothstein has sole
voting and dispositive power of the 10,000 shares of Common Stock which
currently represents 1.1% of the outstanding shares of Common Stock. Rothstein
acquired an aggregate of 10,000 shares of Common Stock during the 60 days ending
April 30, 1999 as set forth below.
Fioretti owns 70,000 shares of Common Stock directly. Fioretti has sole and
dispositive power of the 70,000 shares of Common Stock which currently
represents 7.9% of the outstanding shares of Common Stock. Fioretti acquired an
aggregate of 70,000 shares of Common Stock during the 60 days ending April 30,
1999 as set forth below.
AMDG owns 10,000 shares of Common Stock directly. AMDG has sole voting and
dispositive power of the 10,000 shares of Common Stock which currently
represents 1.1% of the outstanding shares of Common Stock. AMDG acquired an
aggregate of 10,000 shares of Common Stock during the 60 days ending April 30,
1999 as set forth below.
M. Bowyer owns 8,000 shares of Common Stock directly. M. Bowyer has sole
and dispositive power of the 8,000 shares of Common Stock which currently
represents 0.9% of the outstanding shares of Common Stock. M. Bowyer sold an
aggregate of 6,000 shares of Common Stock during the 60 days ending April 30,
1999 as set forth below.
Walker Trust owns 12,500 shares of Common Stock directly. Walker Trust has
sole and dispositive power of the 12,500 shares of Common Stock which currently
represents 1.4% of the outstanding shares of Common Stock. Walker Trust acquired
an aggregate of 10,000 shares of Common Stock during the 60 days ending April
30, 1999 as set forth below.
Oceanfilm owns 4,000 shares of Common Stock directly. Oceanfilm has sole
and dispositive power of the 4,000 shares of Common Stock which currently
represents 0.5% of the outstanding shares of Common Stock.
S. Tierney owns 3,000 shares of Common Stock directly. S. Tierney has sole
and dispositive power of the 3,000 shares of Common Stock which currently
represents 0.3% of the outstanding shares of Common Stock.
Patricia Tierney owns 16,000 shares of Common Stock directly and 3,000
shares of Common Stock as custodian for B. Tierney. P. Tierney has sole and
dispositive power of the 19,000 shares of Common Stock which currently
represents 2.1% of the outstanding shares of Common Stock. Upon the majority of
B. Tierney, he will own directly 3,000 shares of Common Stock representing 0.3%
of the outstanding Common Stock and P. Tierney will own at that time 16,000
shares of Common Stock representing 1.8% of the outstanding shares of Common
Stock. P. Tierney acquired an aggregate of 16,000 shares of Common Stock during
the 60 days ending April 30, 1999 as set forth below.
Fitterer owns 5,000 shares of Common Stock directly. Fitterer has sole and
dispositive power of the 5,000 shares of Common Stock which currently represents
0.5% of the outstanding shares of Common Stock.
Page 24 of 28 Pages
<PAGE>
Par Excellence owns 5,000 shares of Common Stock directly. Par Excellence
has sole and dispositive power of the 5,000 shares of Common Stock which
currently represents 0.5% of the outstanding shares of Common Stock.
Together the Reporting Persons have the right to vote and to dispose of an
aggregate of 453,825 shares of Common Stock currently representing 50.99% of the
outstanding shares of Common Stock.
The following is the report of purchases made during the 60 days preceding
April 30, 1999, by each of the Reporting Persons, including the date of the
transaction, number of shares of Common Stock acquired, and price per share. All
purchases were effected on the OTC Bulletin Board as open market purchases.
Date of Number of
Reporting Person Transaction Shares Acquired/Sold Price
- ---------------- ----------- --------- ------------- -----
MDB 3/8/99 2,000 A $ 9.3125
MDB 3/23/99 3,000 A $ 10.00
MDB 3/23/99 19,500 A $ 10.0625
MDB 3/24/99 6,000 A $ 10.00
MDB 4/1/99 16,000 A $ 10.125
MDB 4/9/99 45,000 A $ 11.00
MDB 4/27/99 4,000 A $ 10.25
C. Marlett 3/25/99 25,000 A $ 10.125
D. Marlett 3/13/99 2,500 A $ 9.50
D. Marlett 3/22/99 1,000 A $ 9.5625
D. Marlett 3/23/99 10,000 A $ 9.875
D. Marlett 3/24/99 1,500 A $ 10.00
D. Marlett 4/1/99 10,000 A $ 10.125
Rothstein 3/24/99 10,000 A $ 10.00
DiGiandomenico 3/24/99 13,150 A $ 10.00
DiGiandomenico 4/1/99 5,000 A $ 10.125
Fioretti 3/31/99 30,000 A $ 10.125
Fioretti 4/1/99 40,000 A $ 10.125
Page 25 of 28 Pages
<PAGE>
Date of Number of
Reporting Person Transaction Shares Acquired/Sold Price
- ---------------- ----------- --------- ------------- -----
AMDG 4/9/99 10,000 A $ 10.25
M. Bowyer 3/24/99 6,000 S $ 10.00
Walker Trust 4/1/99 10,000 A $ 10.125
P. Tierney 3/29/99 11,000 A $ 10.125
P. Tierney 4/1/99 5,000 A $ 10.125
Item 6. Contracts, Agreements, Understandings or Relationship with Respect
to Securities of Issuer
There are no agreements, contracts or arrangements among the Reporting
Persons with respect to the Common Stock except as disclosed in this Schedule
13D. MDB is a limited liability company of which C. Marlett, Bowyer and
DiGiandomenico are the sole members and the three operating persons.
Item 7. Materials to be Filed as Exhibits
(10.1) Fourth Amended Joint Filing Agreement dated as of April 30,
1999 among MDB Capital Group LLC, Christopher A. Marlett, James
D. Bowyer, Anthony DiGiandomenico, Dyana Williams Marlett,
Leonard Rothstein, William Fioretti, AMDG Ltd., Inc., MacDonald
Bowyer, Stephen Walker Family Trust, Oceanfilm Ltd., Susan P.
Tierney, Patricia Tierney for herself and as custodian for B.
Tierney, Edmund Roy Fitterer, Brenda Fitterer and Par
Excellence Investment Inc.
Page 26 of 28 Pages
<PAGE>
SIGNATURES
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.
Dated: April 30, 1999
MDB Capital Group LLC
/s/ Christopher A. Marlett
----------------------------
By: Christopher A. Marlett,
Authorized Signatory
/s/ Christopher A. Marlett
----------------------------
Christopher A. Marlett
/s/ James D. Bowyer
----------------------------
James D. Bowyer
/s/ Anthony DiGiandomenico
----------------------------
Anthony DiGiandomenico
/s/ Dyana Williams Marlett
----------------------------
Dyana Williams Marlett
/s/ Leonard Rothstein
----------------------------
Leonard Rothstein
/s/ William Fioretti
----------------------------
William Fioretti
AMDG Ltd., Inc.
/s/ Patrick Abraham
----------------------------
By: Patrick Abraham,
Authorized Signatory
Page 27 of 28 Pages
<PAGE>
/s/ MacDonald Bowyer
----------------------------
MacDonald Bowyer
Stephen Walker Family Trust
/s/ Stephen Walker
----------------------------
By: Stephen Walker, Trustee
Oceanfilm Ltd.
/s/ Noel Barton
----------------------------
By: Noel Barton,
Authorized Signatory
/s/ Susan P. Tierney
----------------------------
Susan P. Tierney
/s/ Patricia A. Tierney
----------------------------
Patricia A. Tierney for herself
and as custodian for B. Tierney
/s/ Edmund R. Fitterer
----------------------------
Edmund Roy Fitterer
/s/ Brenda Fitterer
----------------------------
Brenda Fitterer
Par Excellence Investment Inc.
/s/ Mylaine Bolduc
----------------------------
By: Mylaine Bolduc,
Authorized Signatory
Page 28 of 28 Pages
<PAGE>
EXHIBIT 10.1
Fourth Amended and Restated Joint Filing Agreement
Agreement dated as of April 30, 1999, among MDB Capital Group LLC,
Christopher A. Marlett, James D. Bowyer, Anthony DiGiandomenico, Dyana Williams
Marlett, Leonard Rothstein, William Fioretti, AMDG Ltd., Inc., MacDonald Bowyer,
Stephen Walker Family Trust, Oceanfilm Ltd., Susan P. Tierney, Patricia Tierney
for herself and as custodian for B. Tierney, Edmund Roy Fitterer, Brenda
Fitterer and Par Excellence Investment Inc. (collectively, the "Parties").
Each of the Parties hereto represents to the other Parties that it is
eligible to use Schedule 13D to report its beneficial interest in shares of
common stock, $.01 par value per share, of Orion Acquisition Corp. II.
("Schedule 13D") and it will file the Schedule 13D on behalf of itself.
Each of the Parties agrees to be responsible for the timely filing of the
Schedule 13D and any and all amendments thereto and for the completeness and
accuracy of the information concerning itself contained in the Schedule 13D, and
the other Parties to the extent it knows or has reason to believe that any
information about the other Parties is inaccurate.
MDB Capital Group LLC
/s/ Christopher A. Marlett
----------------------------
By: Christopher A. Marlett,
Authorized Signatory
/s/ Christopher A. Marlett
----------------------------
Christopher A. Marlett
/s/ James D. Bowyer
----------------------------
James D. Bowyer
/s/ Anthony DiGiandomenico
----------------------------
Anthony DiGiandomenico
/s/ Dyana Williams Marlett
----------------------------
Dyana Williams Marlett
/s/ Leonard Rothstein
----------------------------
Leonard Rothstein
/s/ William Fioretti
----------------------------
William Fioretti
AMDG Ltd., Inc.
/s/ Patrick Abraham
----------------------------
By: Patrick Abraham,
Authorized Signatory
<PAGE>
/s/ MacDonald Bowyer
----------------------------
MacDonald Bowyer
Stephen Walker Family Trust
/s/ Stephen Walker
----------------------------
By: Stephen Walker, Trustee
Oceanfilm Ltd.
/s/ Noel Barton
----------------------------
By: Noel Barton,
Authorized Signatory
/s/ Susan P. Tierney
----------------------------
Susan P. Tierney
/s/ Patricia A. Tierney
----------------------------
Patricia A. Tierney for herself
and as custodian for B. Tierney
/s/ Edmund R. Fitterer
----------------------------
Edmund Roy Fitterer
/s/ Brenda Fitterer
----------------------------
Brenda Fitterer
Par Excellence Investment Inc.
/s/ Mylaine Bolduc
----------------------------
By: Mylaine Bolduc,
Authorized Signatory
