SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. )*
Helmstar Group. Inc.
(Name of Issuer)
Common Stock, $0.10 par value
(Title of Class of Securities)
423480102
(CUSIP Number)
Barry W. Blank, PO Box 32056, Phoenix, Arizona 85064, (602) 870-0004
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 2, 1997
(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 [ ].
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such class.
See Rule 13d-7.)
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 any 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 purposes 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 5 Pages
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CUSIP No. 4234-480-102 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
Barry W. Blank
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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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
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
NUMBER OF 359,800 shares of Common Stock
----------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY None
----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
REPORTING 359,800 shares of Common Stock
----------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON
359,800 shares of Common Stock
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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)
6.5% (this percentage includes the warrants owned by Mr. Blank)
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
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CUSIP No. 423-480-102 Page 3 of 5 Pages
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Item 1. Security and Issuer.
The title and class of equity securities to which this statement relates are:
Common Stock, $0.10 par value.
The name, address and the principal executive offices of the issuer of such
securities are:
Helmstar Group, Inc.
2 World Trade Center
Suite 2112
New York, New York 10048
Item 2. Identity and Background.
(a) The name of the reporting person is Barry W. Blank.
(b) Mr. Blank's address is:
PO Box 32056
Phoenix, Arizona 85064
(c) Mr. Blank is a registered representative employed by J.
Robbins Securities, LLC, a member of the National Association
of Securities Dealers, Inc., 1345 Avenue of the Americas, 22nd
Floor, New York, New York 10105.
(d) During the last five years Mr. Blank has not been convicted in
a criminal proceeding.
(e) During the last five years Mr. Blank was not 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 not 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.
(f) Mr. Blank is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Blank purchased an aggregate of 359,800 shares of the issuer's Common Stock
for an aggregate price of $192,640.75, including commissions, as set forth in
the following table:
Date of Number Price
Purchase of Shares Per Share(1)
-------- --------- ------------
10/26/89 63,800 $ 0.500
11/8/89 142,000 0.375
11/20/89 34,500 0.500
9/2/97 119,500 0.750
(1) These prices exclude commissions.
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CUSIP No. 423-480-102 Page 4 of 5 Pages
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The source of the funds for Mr. Blank's purchases was personal funds, none of
which is represented by funds or other consideration borrowed or otherwise
obtained for the purpose of acquiring, holding, trading or voting the
securities, or by a loan from a bank in the ordinary course of business.
Item 4. Purpose of Transaction.
Mr. Blank acquired the subject securities for purposes of investment and future
sale. Except as set forth below, he has no plans or proposals which relate to or
would result in:
(a) The acquisition by any person of additional securities of the issuer,
or the disposition of such securities, except that he may acquire additional
securities or dispose of securities of the issuer depending upon the then
current business conditions of the issuer and the economy in general;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the issuer or
any of its subsidiaries;
(d) Any change in the present board of directors and management of the
issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy
of the issuer;
(f) Any material change in the issuer's business or corporate structure;
(g) Changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
issuer by any person;
(h) Causing a class of securities of the issuer 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;
(i) A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to Section 12 (g) (4) of the Securities
Exchange Act of 1934; or
(j) Any action similar to those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Blank owns 359,800 shares of the issuer's Common Stock
which currently represent 6.5% of the outstanding shares of such Stock. This
amount excludes any securities which may be owned by Mr. Blank's customers, in
which he has no beneficial or other interest and over which he has no voting or
dispositive power.
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CUSIP No. 423-480-102 Page 5 of 5 Pages
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(b) Mr. Blank has the sole power to vote, direct the vote,
dispose and direct the disposition of all of the shares of Common Stock which he
owns. He does not share with anyone the power to vote, direct the vote, dispose
or direct the disposition of any other shares of Common Stock.
(c) No purchases or sales of the Common Stock have been made
by Mr. Blank within the past 60 days except as set forth herein.
(d) No person other than Mr. Blank has the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the sale
of the 359,800 shares Common Stock which he owns.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
Mr. Blank is not a party to contracts, agreements, understandings or
relationships (legal or otherwise) with respect to any securities of the issuer,
including but not limited to transfer or voting of any of the securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, or the giving or withholding
of proxies.
Item 7. Material to be Filed as Exhibits.
None.
Signature.
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement with respect to me is true,
complete and correct.
Dated: September 17, 1997
/s/Barry W. Blank
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Barry W. Blank
