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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
TELETOUCH COMMUNICATIONS, INC.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
87951V 10 7
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(CUSIP Number)
Robert Alpert
The Alpert Companies
Three Allen Center
333 Clay, Suite 4150
Houston, Texas 77002
(713) 336-4700
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 11, 1998
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(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 [ ]. (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 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 8
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
ROBERT ALPERT
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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) SOURCE OF FUNDS
PF
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF (7) SOLE VOTING POWER
329,333
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
242,666
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
329,333
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
242,666
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
329,333
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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)
7.6%
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(14) TYPE OF REPORTING PERSON **
IN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 8
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
DANRO CORPORATION
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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) SOURCE OF FUNDS
WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
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NUMBER OF (7) SOLE VOTING POWER
242,666
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
NONE
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
242,666
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
NONE
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
242,666
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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)
5.7%
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(14) TYPE OF REPORTING PERSON **
CO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 8
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
WILDWOOD CAPITAL COMPANY
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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) SOURCE OF FUNDS
WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
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NUMBER OF (7) SOLE VOTING POWER
146,666
SHARES -----------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
NONE
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
146,666
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
NONE
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
146,666
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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)
3.5%
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(14) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 8
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
MARKUS VENTURES, 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) SOURCE OF FUNDS
WC
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(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
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NUMBER OF (7) SOLE VOTING POWER
96,000
SHARES -----------------------------------------------------------------
(8) SHARED VOTING POWER
BENEFICIALLY NONE
-----------------------------------------------------------------
OWNED BY
(9) SOLE DISPOSITIVE POWER
EACH 96,000
-----------------------------------------------------------------
REPORTING
(10) SHARED DISPOSITIVE POWER
PERSON WITH NONE
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
96,000
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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)
2.3%
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(14) TYPE OF REPORTING PERSON **
PN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 8
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ITEM 1. SECURITY AND ISSUER.
This Schedule 13D relates to shares of Common Stock (the "Shares") and Class A
Warrants ("Warrants") of Teletouch Communications, Inc. (the "Company"). The
address of the Company is 110 North College, Suite 200, Tyler, Texas 75702.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This Schedule is filed on behalf of (i) Mr. Robert Alpert, (ii)
Danro Corporation, (iii) Wildwood Capital Company and (iv) Markus Ventures, L.P.
Mr. Robert Alpert is the sole shareholder and President of
Danro Corporation.
Danro Corporation is the Managing General Partner of (i)
Wildwood Capital Management, and (ii) Markus Ventures, L.P.
The reporting entities and individuals (collectively, the
"Group") are making a joint filing pursuant to Rule 13d-1(f)
because, by reason of the relationship as described herein,
they may be deemed to be a "group" within the meaning of
Section 13(d)(3) with respect to acquiring, holding and
disposing of Shares.
(b) The address of the principal place of business and principal office
of each person referred to in paragraph (a) is Three Allen Center, 333 Clay,
Suite 4150, Houston, Texas 77002.
(c) The principal business of each of Wildwood Capital Company and
Markus Ventures, L.P. is that of a private investment fund, engaged in the
purchase and sale of securities for investment for its own account.
The principal occupation of Mr. Alpert is as President of
Danro Corporation, Managing General Partner of affiliated
partnerships.
(d) None of the persons referred to in paragraph (a) above has, during
the last five years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) None of the persons referred to in paragraph (a) above has, during
the last five years, 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.
(f) Each individual referred to in paragraph (a) above is a citizen of
the United States. Danro Corporation is a corporation formed under the laws of
the State of Texas. Wildwood Capital Company is a general partnership formed
under the laws of the State of Texas. Markus Ventures, L.P. is a limited
partnership formed under the laws of the State of Texas.
Page 6 of 8
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The net investment cost (including commissions) is $25,758 for 86,667
Warrants beneficially owned by Mr. Alpert. The aggregate net investment cost for
the 329,333 Shares beneficially owned by the Group is $972,896. The Shares
purchased by the Group were purchased with the investment capital of the
respective member of the Group.
ITEM 4. PURPOSE OF THE TRANSACTION.
The Group has acquired Shares of the Company for investment purposes
only, in the ordinary course of business. In addition, in the ordinary course of
their business, the Group may acquire further Shares from time to time and may
attempt to sell all or a portion of its Shares from time to time in the open
market, in brokers' transactions, in transactions directly with market makers,
in privately negotiated transactions, or a combination of the foregoing.
Other than as set forth above, none of the Reporting Persons has any
plans or proposals which relate to, or could result in, any of the matters
referred to in paragraphs (b) through (j), inclusive, of Item 4 of Schedule 13D.
Such entities and persons may, at any time and from time to time, review or
reconsider their position with respect to any of such matters, but have no
present intention of doing so.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The approximate aggregate percentage of Shares reported
beneficially owned by each person herein is based on 4,235,611 shares
outstanding (not including the exercise of the Warrants) as of January 8, 1999,
as reflected in the Form 10Q of the Company for the period ending November 30,
1998. All shares and per share amounts have been adjusted for the two-for-three
reverse stock split which was effective June 25, 1998.
As of the date hereof:
(i) Danro owns directly no Shares. By reason of the
provisions of Rule 13d-3 of the Act, Danro may be deemed
to own beneficially 242,666 Shares, including (a) the
146,666 Shares owned directly by Wildwood Capital
Company and (b) the 96,000 Shares owned directly by
Markus Ventures, L.P., (constituting approximately 3.5%
and 2.3% of the Shares outstanding, respectively).
(ii) Mr. Alpert is the direct beneficial owner of Warrants
presently exercisable for 86,667 shares of Common Stock,
and the indirect beneficial owner of the 242,666 Shares
owned beneficially by Danro (see Item 5(a)(i) above).
Mr. Alpert, by reason of Rule 13d-3 of the Act, may be
deemed to beneficially own the Shares owned by each of
the entities above. Accordingly, Mr. Alpert beneficially
owns 329,333 Shares, representing approximately 7.6% of
the shares outstanding (assuming exercise of the
Warrants).
(b) Danro Corporation has the power to vote and dispose of the Shares
owned by (i) Wildwood Capital Company and (ii) Markus Ventures, L.P., which
power may be exercised by the managing general partner of each such Partnership.
Mr. Alpert has voting and investment power over Shares managed by Danro
Corporation. Mr. Alpert has the sole voting and dispositive powers over the
Warrants owned directly.
(c) On February 11, 1998, Wildwood Capital Company purchased 144,000
Shares at $3.59 per share. On February 24, 1998, Wildwood Capital Company
purchased 2,666 Shares at $3.64 per share. All such transactions were effected
through the NASDAQ Small-Cap Market or in brokers' transactions.
(d) No person other than each respective record owner referred to
herein of Shares is known to have the right to receive or the power to direct
the receipt of dividends from or the proceeds of sale of such Shares.
Page 7 of 8
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Other than the agreement described in Item 7 below, there are no
contracts, understandings or relationships (legal or otherwise) among the
persons named in Item 2 hereof and between such persons or any person with
respect to any securities of the Company, including but not limited to transfer
or voting of any of the Shares, 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
There is filed herewith as Exhibit 1 a written agreement relating to
the filing of joint acquisition statements, as required by Rule 13d-1(f)(1) of
the Securities Act of 1934.
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
February 16, 1999
DANRO CORPORATION
By: /s/ ROBERT ALPERT
-------------------------------------
Robert Alpert, President
WILDWOOD CAPITAL COMPANY
MARKUS VENTURES, L.P.
By: DANRO CORPORATION,
as their Managing General Partner
By: /s/ ROBERT ALPERT
-------------------------------------
Robert Alpert, President
/s/ ROBERT ALPERT
------------------------------------------
Robert Alpert, Individually
Page 8 of 8
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
<S> <C>
1 Joint Acquisition Statement Pursuant to Rule 13D-1(f)1
</TABLE>
<PAGE> 1
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13D-1(f)1
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D, as amended, is filed on behalf of each of the undersigned and that
all subsequent amendments to this statement on Schedule 13D, as amended, shall
be filed on behalf of each of the undersigned without the necessity of filing
additional joint acquisition statements. The undersigned acknowledge that each
shall be responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning him or it contained
therein, but shall not be responsible for the completeness and accuracy of the
information concerning the other, except to the extent that he or it knows or
has reason to believe that such information is inaccurate.
DANRO CORPORATION
By: /s/ ROBERT ALPERT
-------------------------------------
Robert Alpert, President
WILDWOOD CAPITAL COMPANY
MARKUS VENTURES, L.P.
By: DANRO CORPORATION,
as their Managing General Partner
By: /s/ ROBERT ALPERT
-------------------------------------
Robert Alpert, President
/s/ ROBERT ALPERT
------------------------------------------
Robert Alpert, Individually
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