<PAGE> 1
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Amendment No. 1
Under the Securities Exchange Act of 1934
Consolidated Capital of North America, Inc.
(Name of Issuer)
Common Stock, par value $.0001 per share
(Title of Class of Securities)
208892208
(CUSIP Number)
Thomas P. Gallagher, Esq., Gallagher, Briody & Butler
212 Carnegie Center, Suite 402, Princeton, New Jersey 08540
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
FEBRUARY 4, 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 [].
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> 2
SCHEDULE 13D
===================
CUSIP No. 208892208
===================
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Stone Pine Colorado, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (see instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS []
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
Not Applicable
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Colorado
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 8,638,003
BENEFICIALLY -------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING -------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 6,656,867
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,638,003
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.00%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE> 3
SCHEDULE 13D
===================
CUSIP No. 208892208
===================
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Stone Pine Capital, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (see instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS []
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
Not Applicable
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Colorado
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 8,638,003
REPORTING -------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,656,867
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,638,003
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.00%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
00
- --------------------------------------------------------------------------------
<PAGE> 4
SCHEDULE 13D
===================
CUSIP No. 208892208
===================
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Paul Bagley
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (see instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS []
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
Not Applicable
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
U.S.
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 8,638,003
REPORTING -------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,656,867
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,638,003
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.00%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 5
SCHEDULE 13D
===================
CUSIP No. 208892208
===================
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Stone Pine Atlantic Equities, LLC
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (see instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS []
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
Not Applicable
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Colorado
- ---------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 8,638,003
REPORTING -------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,656,867
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,638,003
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.00%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE> 6
SCHEDULE 13D
===================
CUSIP No. 208892208
===================
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
W. Duke DeGrassi
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (see instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS []
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
Not Applicable
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Colorado
- ---------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 8,638,003
REPORTING -------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,656,867
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,638,003
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.00%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 7
SCHEDULE 13D
===================
CUSIP No. 208892208
===================
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Thompson H. Rogers
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) []
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (see instructions)
OO
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS []
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
Not Applicable
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY -------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 8,638,003
REPORTING -------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-------------------------------------------------------
10 SHARED DISPOSITIVE POWER
6,656,867
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,638,003
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) []
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
55.00%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 8
This Amendment No. 1 amends and supplements the Schedule 13D filed by
Stone Pine Colorado, LLC, Stone Pine Capital, LLC, Stone Pine Atlantic Equities,
LLC, and Thompson H. Rogers with respect to the shares of common stock, par
value $.0001 per share of Consolidated Capital North America, Inc., reported
therein.
Item 2 Identity and Background
Item 2 is hereby amended and supplemented to add the following:
(a) This statement is being filed jointly by (i) Stone Pine
Colorado, LLC ("Stone Pine Colorado"), the entity which directly owns 6,656,867
of the Issuer's outstanding common stock (the "Shares"), (ii) the following
entities and individuals who are members of Stone Pine Colorado (the "Members")
and each own an equal voting interest in Stone Pine Colorado: Stone Pine
Capital, LLC ("Stone Pine Capital"); Stone Pine Atlantic Equities, LLC ("Stone
Pine Atlantic"); and Thompson H. Rogers; and (iv) the following persons who
have been designated as the voting persons for Stone Pine Capital and Stone
Pine Atlantic, respectively: Paul Bagley and W. Duke DeGrassi (the "Voting
Persons"). Stone Pine Colorado, Stone Pine Capital, Stone Pine Atlantic,
Thompson H. Rogers, Paul Bagley and W. Duke DeGrassi are referred to
herein as the Reporting Persons and all references to Reporting Persons in the
Schedule 13D and any amendments thereto shall include the Voting Persons as
Reporting Persons.
Item 5 Interest in Securities of the Issuer.
Item 5 is hereby amended and supplemented to add the following
information:
(a) On February 4, 1997, Stone Pine Colorado entered into
agreements to transfer a total of 1,981,136 shares of the Issuer's common stock
owned by Stone Pine Colorado to Atlantis Holding Corp. and Richard Herstone in
consideration of certain services provided by such parties to Stone Pine
Colorado (collectively the "Transferred Shares"). Stone Pine Colorado was
granted a proxy to vote the Transferred Shares by the holders of the
Transferred Shares until the earlier of the transfer by such parties of the
Transferred Shares to nonaffiliates of such parties and February 4, 2000. As a
result of the retention of voting control, the Reporting Persons may be deemed
to be the beneficial owner of the Transferred Shares. The 1,981,136 Transferred
Shares and the 6,656,867 shares held directly by Stone Pine Colorado (the
"Retained Shares") together constitute 55% of the outstanding shares of common
stock of the Issuer.
Each Reporting Person may be deemed a member of a group that
shares voting power over the Transferred Shares and voting and dispositive
power over the Retained Shares and accordingly may be deemed to beneficially
own the Transferred Shares and the Retained Shares.
(b) The Retained Shares are directly owned by Stone Pine
Colorado. J. Paul Bagley, III as the Manager of Stone Pine Colorado, has the
right to vote the Retained Shares. The Members together have the right to
dispose or direct the disposition of the Retained Shares.
J. Paul Bagley, III as the Manager of Stone Pine Colorado, has
the right to vote the Transferred Shares. Stone Pine Colorado LLC does not have
the right to dispose or direct the disposition of the Transferred Shares.
(c) Other than the disposition of the Transferred Shares, no
Reporting Person effected any transaction in the common stock of the Issuer
since the filing of its original Schedule 13D.
(d), (e) Not applicable.
<PAGE> 9
Item 6 Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
Item 6 is hereby amended and supplemented to add the following
information:
See Item 5.
Item 7 Material to be Filed as Exhibits.
Item 7 is hereby amended and supplemented to add the following
exhibits:
Exhibit 2 - Joint Filing Agreement.
Exhibit 3 - Voting Proxy Agreement with Atlantis Holding Corp.
Exhibit 4 - Voting Proxy Agreement with Richard Herstone.
<PAGE> 10
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.
Dated: February 6, 1997 STONE PINE COLORADO, LLC
By: /s/ J. Paul Bagley, III
--------------------------------
Name: J. Paul Bagley, III
Title: Manager, Chairman of the
Board and Chief Executive
Officer
<PAGE> 11
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.
Dated: February 6, 1997 STONE PINE CAPITAL, LLC
By: /s/ J. Paul Bagley, III
-------------------------
Name: J. Paul Bagley, III
Title: Manager, Chairman of
the Board and Chief
Executive Officer
<PAGE> 12
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.
Dated: February 6, 1997 /s/ J. Paul Bagley, III
--------------------------
J. Paul Bagley, III
<PAGE> 13
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.
Dated: February 6, 1997 STONE PINE ATLANTIC EQUITIES, LLC
By: /s/ J. Paul Bagley, III
---------------------------
Name: J. Paul Bagley, III
Title: Manager
<PAGE> 14
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.
Dated: February 6, 1997 /s/ W. Duke DeGrassi
--------------------------
W. Duke DeGrassi
<PAGE> 15
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.
Dated: February 6, 1997 /s/ Thompson H. Rogers
--------------------------
Thompson H. Rogers
<PAGE> 1
Exhibit 2
Joint Filing Agreement
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing with each
other of a Statement on Schedule 13D and any amendments thereto with respect to
the Common Stock, par value $.0001 of Consolidated Capital of North America,
Inc. and that this Joint Filing Agreement be included as an exhibit to such
joint filing. In evidence thereof, the undersigned hereby execute this
Agreement as of January 28, 1997.
STONE PINE COLORADO, LLC
By: /s/ J. Paul Bagley, III
-----------------------------------
Name: J. Paul Bagley, III
Title: Manager, Chairman of the
Board and Chief Executive
Officer
STONE PINE CAPITAL, LLC
By: /s/ J. Paul Bagley, III
-----------------------------------
Name: J. Paul Bagley, III
Title: Manager
/s/ J. Paul Bagley, III
------------------------------------
J. Paul Bagley, III
STONE PINE ATLANTIC EQUITIES, LLC
By: /s/ J. Paul Bagley, III
-----------------------------------
Name: J. Paul Bagley, III
Title: Manager
/s/ W. Duke DeGrassi
-----------------------------------
W. Duke DeGrassi
/s/ Thompson H. Rogers
-----------------------------------
Thompson H. Rogers
<PAGE> 1
Exhibit 3
The undersigned appoints Stone Pine Colorado LLC agent and proxy and authorizes
Stone Pine Colorado LLC or its designees to act as agent and proxy with respect
to 1,211,568 shares of common stock of Consolidated Capital of North
America, Inc. (the "Company") standing in the name of the undersigned on the
books of the Company. The agent and proxy named above is authorized to act in
behalf of the undersigned as to all matters that come before the shareholders of
the Company for action, whether at a meeting of the shareholders or by written
consent of shareholders in lieu of a meeting, in the same manner and with the
same effect as if the undersigned were personally acting.
This proxy is coupled with an interest and the authority represented by this
proxy is irrevocable during the term of this Proxy. Notwithstanding the
foregoing this proxy shall terminate upon the earlier of (i) the transfer of the
Shares by the undersigned to any person or entity which is not an affiliate of
the undersigned and (ii) February 4, 2000.
Dated: February 7, 1997 Atlantis Holding Corp.
By: /s/ GARY KUCHER
------------------------------
Name: Gary Kucher
Title: Director
<PAGE> 1
Exhibit 4
The undersigned appoints Stone Pine Colorado LLC agent and proxy and authorizes
Stone Pine Colorado LLC or its designees to act as agent and proxy with respect
to 769,568 shares of common stock of Consolidated Capital of North
America, Inc. (the "Company") standing in the name of the undersigned on the
books of the Company. The agent and proxy named above is authorized to act in
behalf of the undersigned as to all matters that come before the shareholders of
the Company for action, whether at a meeting of the shareholders or by written
consent of shareholders in lieu of a meeting, in the same manner and with the
same effect as if the undersigned were personally acting.
This proxy is coupled with an interest and the authority represented by this
proxy is irrevocable during the term of this Proxy. Notwithstanding the
foregoing this proxy shall terminate upon the earlier of (i) the transfer of the
Shares by the undersigned to any person or entity which is not an affiliate of
the undersigned and (ii) February 4, 2000.
Dated: February 7, 1997
By: /s/ RICHARD HERSTONE
------------------------------
Richard Herstone
