UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
EDG CAPITAL, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
26831802
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(CUSIP Number)
Ruskin, Moscou, Evans & Faltischek, P.C.
170 Old Country Road, Mineola, NY 11501
Attention: Nancy L. Lanis, Esq. 516-663-6575
--------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
January 2, 2001
---------------
(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>
SCHEDULE 13D
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CUSIP No. 26831802 Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Crown Cove Associates, LLC
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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*
Not applicable.
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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
New York
----------------------- ---------- ------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES None.
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY None.
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING None.
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PERSON 10 SHARED DISPOSITIVE POWER
WITH None.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None.
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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)
None.
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14 TYPE OF REPORTING PERSON*
00
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INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION
</TABLE>
<PAGE>
Item 1. Security and Issuer.
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Common Stock, $.001 par value
EDG Capital, Inc.
700 Stewart Avenue
Garden City, New York 11530
Item 2. Identity and Background.
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Crown Cove Associates, LLC
990 Stewart Avenue
Garden City, New York 11530
Item 3. Source and Amount of Funds or Other Consideration.
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Not applicable.
Item 4. Purpose of Transaction.
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(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
(f) Not applicable.
(g) Not applicable
(h) Not applicable.
(i) Not applicable.
(j) Not applicable.
Item 5. Interest in Securities of the Issuer.
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(a) None.
(b) None.
(c) On January 2, 2001, Crown Cove Associates, LLC dissolved and
pursuant to liquidation distributed the shares of EDG Capital,
Inc. held by it among its former members as set forth on
Schedule A. As a result, none of such individuals shall own a
beneficial interest of 5% or more of the issuer's outstanding
securities.
(d) None.
(e) January 2, 2001.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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Not applicable.
Item 7. Material to be Filed as Exhibits.
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1. Articles of Dissolution of Crown Cove Associates, LLC.
<PAGE>
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: January 2, 2001
CROWN COVE ASSOCIATES, LLC
By: /s/ Paul Cayea
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Paul Cayea, Managing Officer, on behalf of
Crown Cove Associates, LLC
<PAGE>
SCHEDULE A
Name Number of Shares
---- ----------------
Paul D. Cayea, M.D. 107,751
Roger S. Baim, M.D. 107,751
Robert V. Blake, M.D. 107,749
Harold Chiat, M.D. 107,749
Heywood Y. Epstein, M.D. 107,749
David Faegenburg, M.D. 107,751
Mark Kashen, M.D. 107,749
Stephen Rush, M.D. 107,749
Raymond L. Saperstein, M.D. 107,749
Bruce I. Saxe, M.D. 107,749
William J. Wortman, M.D. 107,749
Joseph L. Zito, M.D. 107,749
Daniel Benjamin, M.D. 26,937
Annette Marinaccio, C.P.A. 26,937
<PAGE>
New York State
Department of State
Division of Corporation, State Records
and Uniform Commercial Code
Albany, New York 12231
ARTICLES OF DISSOLUTION
OF
CROWN COVE ASSOCIATES, LLC
--------------------------
(Insert name of Domestic Limited Liability Company)
Under Section 705 of the Limited Liability Company Law
FIRST: The name of the limited liability company is: Crown Cove Associates, LLC
If the name of the limited liability company has been changed, the name under
which it was organized is:-----------------------.
SECOND: The date of filing of the articles of organization is: 11/21/97.
THIRD: (Please see ss.701 of the Limited Liability Company Law) The event giving
rise to the filing of the articles of dissolution is: a vote of a majority in
interest of the members.
X /s/ Nancy F. Lanis
----------------------
(Signature)
Nancy F. Lanis, Esq.
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(Type or print name)
Attorney-in-fact
----------------
(Title or capacity of signer)
DOS-1366 (7/99)
<PAGE>
ARTICLES OF DISSOLUTION
OF
CROWN COVE ASSOCIATES, LLC
--------------------------
(Insert name of Domestic Limited Liability Company)
Under Section 705 of the Limited Liability Company Law
Filed by: Nancy F. Lanis, Esq.
---------------------
(Name)
170 Old Country Road
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(Mailing address)
Mineola, New York 11501
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(City, State and Zip Code
NOTE: This form was prepared by the New York State Department of State for
filing a certificate of dissolution for a domestic limited liability company. It
does not contain all optional provisions under the law. You are not required to
use this form. You may draft your own form or use forms available at legal
supply stores. The Department of State recommends that legal documents be
prepared under the guidance of an attorney. The certificate must be submitted
with a $60 filing fee made payable to the Department of State.
(For office use only.)
DOS-1366 (7/99)
