UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Maxco, Inc.
(Name of Issuer)
Common Stock, $1,00 par value
(Title of Class of Securities)
577723-10-9
(CUSIP Number)
Melissa Dehn
2715 Lone Tree Way
Antioch, CA 94509
(925) 778-2390
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 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 the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 638560102 SCHEDULE 13D Page 2 of 4
1 Name of Reporting Person ROI Partners, L.P.
IRS Identification No. of Above Person
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 Source of Funds WC
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [ ]
6 Citizenship or Place of Organization
California
NUMBER OF 7 Sole Voting Power 237,754
SHARES
BENEFICIALLY 8 Shared Voting Power -0-
OWNED BY EACH
REPORTING 9 Sole Dispositive Power 237,754
PERSON
WITH 10 Shared Dispositive Power -0-
11 Aggregate Amount Beneficially Owned by Each Reporting Person
237,754
12 Check Box if the Aggregate Amount in Row 11 Excludes Certain
Shares
[ ]
13 Percent of Class Represented by Amount in Row 11
7.5%
14 Type of Reporting Person
PN
CUSIP No. 638560102 SCHEDULE 13D Page 3 of 4
Item 1. Security and Issuer
This Schedule 13D ("Schedule") relates to shares of common stock,
$0.01 par value (the "Common Stock"), of Maxco, Inc. (the
"Issuer"). The principal executive office of the Issuer is 1118
Centennial Way, Lansing, MI 48917.
Item 2. Identity and Background
This Schedule is filed on behalf of ROI Partners, L.P., whose
principal business office address is 17 E. Sir Francis Drake
Blvd., Suite 225, Larkspur, CA 94939.
ROI Partners, L. P. is an investment limited partnership, whose
general partner is ROI Capital Management, Inc. ROI Capital
Management, Inc. is an investment advisor registered as such with
the SEC. ROI Capital Management, Inc. has 2 owners, Mark T.
Boyer, President and Mitchell J. Soboleski, Secretary. The
business address of ROI Capital Management, Inc. and its officers
is 17 E. Sir Francis Drake Blvd., Suite 225, Larkspur, CA 94939.
None of ROI Partners, L. P., ROI Capital Management, Inc., or ROI
Capital Management, Inc.'s officers have, during the past five
years, been convicted of any criminal proceeding (excluding
traffic violations or similar misdemeanors).
None of ROI Partners, L. P., ROI Capital Management, Inc., or ROI
Capital Management, Inc.'s officers have been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to
such laws.
ROI Partners, L. P. is a California limited Partnership, ROI
Capital Management, Inc. is a California corporation, and
Mitchell J. Soboleski and Mark T. Boyer are United States
citizens.
Item 3. Source and Amount of Funds or Other Consideration
Funds for the purchases of Common Stock were obtained from the
working capital of ROI Partners, L.P.
Item 4. Purpose of Transaction.
The purchases of Common Stock were made solely for investment
purposes. Depending upon market conditions and other factors,
ROI Partners, L. P. may acquire additional securities of the
Issuer, or alternatively, may dispose of some or all of the
securities of the Issuer that it benefically owns.
CUSIP No. 638560102 SCHEDULE 13D Page 4 of 4
Item 5. Interest in Securities of the Issuer
(a),(b) Reference is made hereby to Items 7-11 and 13 of page
two (2) of this Schedule, which Items are incorporated
by reference herein. Of the shares beneficially owned,
all 237,754 shares are owned by ROI Partners, L.P.
(c) ROI Partners effected the following transactions
through registered broker-dealers in the last
sixty days:
Trans.
Type Date Shares
------ ---- ------
Buy 8/16/99 1,500
Buy 8/17/99 500
Buy 8/26/99 1,100
Buy 8/30/99 500
Buy 9/8/99 500
Buy 9/14/99 1,500
Buy 9/21/99 500
Buy 9/29/99 2,000
Buy 9/30/99 2,500
Buy 9/30/99 1,000
Buy 9/30/99 1,000
Buy 9/30/99 5,500
(d),(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
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: September 12, 2000
ROI PARTNERS, L.P.
/s/ Mitchell J. Soboleski
______________________________
Mitchell J. Soboleski
Secretary of ROI Capital Management, Inc.,
Its general partner
