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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No._____)*
DATA RACE, INC.
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
237842109
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(CUSIP Number)
June 12, 2000
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Date of Event Which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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).
Page 1 of 11
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Cusip No. 237842109 Page 2 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cranshire Capital, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois limited partnership
U.S.A
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 1,353,023 shares of Common Stock, no par value, and
REPORTING warrants to purchase 213,296 shares of Common Stock
PERSON -----------------------------------------------------------
WITH 7. SOLE DISPOSITIVE POWER
0
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8. SHARED DISPOSITIVE POWER
See Row 6 above.
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES/(1)/ [X]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 6.3% as of the date of filing of this statement. (Based on
24,509,691 shares of Common Stock issued and outstanding as of May 10,
2000, plus the Common Stock issuable upon the exercise of the warrants
referred to in Row 6 above.)
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12. TYPE OF REPORTING PERSON*
PN
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Page 2 of 11
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Cusip No. 237842109 Page 3 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Downsview Capital, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois corporation
U.S.A
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 1,353,023 shares of Common Stock, no par value, and
REPORTING warrants to purchase 213,296 shares of Common Stock
PERSON -----------------------------------------------------------
WITH 7. SOLE DISPOSITIVE POWER
0
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8. SHARED DISPOSITIVE POWER
See Row 6 above.
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES/(1)/ [X]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 6.3% as of the date of filing of this statement. (Based on
24,509,691 shares of Common Stock issued and outstanding as of May 10,
2000, plus the Common Stock issuable upon the exercise of the warrants
referred to in Row 6 above.)
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12. TYPE OF REPORTING PERSON*
CO
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Page 3 of 11
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Cusip No. 237842109 Page 4 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JMJ Capital, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois corporation
U.S.A
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 1,353,023 shares of Common Stock, no par value, and
REPORTING warrants to purchase 213,296 shares of Common Stock
PERSON -----------------------------------------------------------
WITH 7. SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
See Row 6 above.
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES/(1)/ [X]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 6.3% as of the date of filing of this statement. (Based on
24,509,691 shares of Common Stock issued and outstanding as of May 10,
2000, plus the Common Stock issuable upon the exercise of the warrants
referred to in Row 6 above.)
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12. TYPE OF REPORTING PERSON*
CO
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Page 4 of 11
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Cusip No. 237842109 Page 5 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EURAM CAP STRAT. "A" FUND LIMITED
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands exempted company
Cayman Islands
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 1,353,023 shares of Common Stock, no par value, and
REPORTING warrants to purchase 213,296 shares of Common Stock
PERSON -----------------------------------------------------------
WITH 7. SOLE DISPOSITIVE POWER
0
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8. SHARED DISPOSITIVE POWER
See Row 6 above.
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES/(1)/ [X]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 6.3% as of the date of filing of this statement. (Based on
24,509,691 shares of Common Stock issued and outstanding as of May 10,
2000, plus the Common Stock issuable upon the exercise of the warrants
referred to in Row 6 above.)
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12. TYPE OF REPORTING PERSON*
CO
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Page 5 of 11
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Cusip No. 237842109 Page 6 of 11
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mitchell P. Kopin
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [_]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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5. SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH 1,353,023 shares of Common Stock, no par value, and
REPORTING warrants to purchase 213,296 shares of Common Stock
PERSON -----------------------------------------------------------
WITH 7. SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------
8. SHARED DISPOSITIVE POWER
See Row 6 above.
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Row 6 above.
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES/(1)/ [X]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Approximately 6.3% as of the date of filing of this statement. (Based on
24,509,691 shares of Common Stock issued and outstanding as of May 10,
2000, plus the Common Stock issuable upon the exercise of the warrants
referred to in Row 6 above.)
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12. TYPE OF REPORTING PERSON*
IN
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Page 6 of 11
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Cusip No. 237842109 Page 7 of 11
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SCHEDULE 13G
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Item 1(a) Name of Issuer: DATA RACE, INC.
1(b) Address of Issuer's Principal Executive Offices:
12400 Network Boulevard
San Antonio, TX 78249
Item 2(a) Name of Person Filing
Item 2(b) Address of Principal Business Office
Item 2(c) Citizenship
Cranshire Capital, L.P.
666 Dundee Road, Suite 1901
Northbrook, IL 60062
Illinois limited partnership
Downsview Capital, Inc.
666 Dundee Road, Suite 1901
Northbrook, IL 60062
Illinois corporation
JMJ Capital, Inc.
666 Dundee Road, Suite 1901
Northbrook, IL 60062
Illinois corporation
EURAM Cap Strat. "A" Fund Limited
c/o JMJ Capital, Inc.
666 Dundee Road, Suite 1901
Northbrook, IL 60062
Cayman Islands exempted company
Mitchell P. Kopin
666 Dundee Road, Suite 1901
Northbrook, IL 60062
U.S. Citizen
Page 7 of 11
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Cusip No. 237842109 Page 8 of 11
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2(d) Title of Class of Securities:
Common Stock, no par value
2(e) CUSIP Number: 237842109
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-
2(b) or (c), check whether the person filing is a:
(a) [__] Broker or dealer registered under Section 15 of the
Exchange Act;
(b) [__] Bank as defined in Section 3(a)(6) of the Exchange
Act;
(c) [__] Insurance company as defined in Section 3(a)(19) of
the Exchange Act;
(d) [__] Investment company registered under Section 8 of the
Investment Company Act;
(e) [__] An investment adviser in accordance with Rule 13d-1
(b)(1)(ii)(E);
(f) [__] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [__] A parent holding company or control person in
accordance with Rule 13d-1(b)(ii)(G);
(h) [__] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) [__] A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of
the Investment Company Act;
(j) [__] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [X]
Item 4 Ownership:
CRANSHIRE CAPITAL, L.P.
DOWNSVIEW CAPITAL, INC.
EURAM CAP STRAT. "A" FUND LIMITED
JMJ CAPITAL, INC.
MITCHELL P. KOPIN
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Cusip No. 237842109 Page 9 of 11
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(a) Amount beneficially owned:
1,353,023 shares of Common Stock, no par value, and warrants to purchase 213,296
shares of Common Stock
(b) Percent of Class:
Approximately 6.3% as of the date of filing of this statement. (Based on
24,509,691 shares of Common Stock issued and outstanding as of May 10, 2000,
plus the Common Stock issuable upon the exercise of warrants.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
0
(ii) shared power to vote or to direct the vote:
See item (a) above.
(iii) sole power to dispose or to direct the disposition of:
0
(iv) shared power to dispose or to direct the disposition of:
See item (a) above.
(1) The beneficial ownership reported by the Reporting Persons include Common
Stock that the Reporting Persons may acquire in the future through the
exercise by the Reporting Persons, at any time prior to June 25, 2001, of
warrants to purchase 213,296 shares of Common Stock. The beneficial
ownership reported by the Reporting Persons also excludes certain warrants
exercisable into shares of Common Stock, which the Reporting Persons are
contractually restricted from exercising at this time. The Reporting
Persons cannot exercise these warrants so long as the Reporting Persons
would be deemed "beneficial owners" of more than 4.9% of the Common Stock
following the exercise of such warrants.
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable.
Page 9 of 11
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Cusip No. 237842109 Page 10 of 11
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Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable.
Item 7 Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on by the Parent Holding Company:
Not Applicable.
Item 8 Identification and Classification of Members of the Group:
Not Applicable.
Item 9 Notice of Dissolution of Group:
Not Applicable.
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
Page 10 of 11
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Cusip No. 237842109 Page 11 of 11
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After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated this 19/th/ day of June, 2000
CRANSHIRE CAPITAL, L.P. EURAM CAP STRAT. "A" FUND LIMITED
By: Downsview Capital, Inc., By: JMJ Capital, Inc.,
its General Partner its Investment Manager
By: /s/ Mitchell P. Kopin By: /s/ Mitchell P. Kopin
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Mitchell P. Kopin, President Mitchell P. Kopin, President
DOWNSVIEW CAPITAL, INC. JMJ CAPITAL, INC.
By: /s/ Mitchell P. Kopin By: /s/ Mitchell P. Kopin
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Mitchell P. Kopin, President Mitchell P. Kopin, President
MITCHELL P. KOPIN
/s/ Mitchell P. Kopin
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Page 11 of 11
