UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Magna-Lab, Inc.
(Name of Issuer)
Common Stock, Par Value $.001 Per Share
Title of Class of Securities)
559235 10 6
(CUSIP Number)
Lawrence A. Mankoff, P.O. Box 1313, Brentwood, NY 11717-0689
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 1998
(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 O.
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SCHEDULE 13D
CUSIP No.559235 10 6 Page 2 of 5 Page
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert M. Rubin
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
Number
of Shares 7 SOLE VOTING POWER
Owned 2,400,000
By Each
Reporting 8 SHARED VOTING POWER
Person 0
With
9 SOLE DISPOSITIVE POWER
2,400,000
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,400,000
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
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CUSIP No.559235 10 6 Page 3 of 5 Page
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.70%
14 TYPE OF REPORTING PERSON
IN
Item 1. Security and Issuer.
This statement on Schedule 13D (the "Statement") relates to the common
stock, par value $0.001 per share (the "Common Stock"), of Magna-Lab, Inc., a
New York corporation (the "Company"), with its principal executive offices in
Brentwood, New York (P.O. Box 1313, 11717-0689).
Item 2. Identity and Background.
(a) - (f). This Statement is being filed by Robert M. Rubin. Mr. Rubin's
principal business address is c/o American United Global, Inc. 1130 Northeast
33rd Place, Suite 250, Bellview, Washington 98004. Mr. Rubin is primarily a
venture capitalist. Mr. Rubin is a United States citizen.
During the last five years Mr. Rubin has not (i) been convicted in a
criminal proceeding or (ii) 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.
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CUSIP No.559235 10 6 Page 4 of 5 Page
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Item 3. Source and Amount of Funds or Other Consideration.
The aggregate purchase price of $300,000 came from Mr. Rubin's personal
funds.
Item 4. Purpose of Transaction.
The Shares were acquired in a private placement for investment purposes.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Rubin beneficially owns, in the aggregate, 2,400,000 shares of
Common Stock or 12.70% of the outstanding shares of Common Stock as of the date.
(b) Mr. Rubin possesses the sole power to dispose of, direct the
disposition of and vote all 2,400,00 shares
(c) Within the past 60 days from the date hereof, Mr. Rubin acquired
2,400,000 shares in a private placement at a purchase price of $.125 per share
for an aggregate purchase price of $300,000.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) between Mr. Rubin and any other person with respect to any
securities of the Company.
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CUSIP No.559235 10 6 Page 5 of 5 Page
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Item 7. Material to be Filed as Exhibits.
There are no exhibits required to be filed.
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.
Date: January 15, 1998
/s/ Robert M. Rubin
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Robert M. Rubin
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