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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CREATIVE MEDICAL DEVELOPMENT, INC.
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(Name of Issuer)
Common Stock ($0.01 Par)
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(Title of Class of Securities)
#22528F 10 3
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(CUSIP Number)
Mitchell Partners, a California limited partnership,
c/o James E. Mitchell, General Partner
611 Anton Boulevard, Suite 1110, Costa Mesa, CA 92626 (Ph. 714-432-5300)
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 25, 1996
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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 the statement [x]. (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 five percent or less 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
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).
** Reporting person acquired more than 1% of the Issuer's securities pursuant
to a Registration Statement filed under the Securities Act of 1933, as
amended, which acquisition is not required to be reported pursuant to
Section 13(d)(6). Reporting person has, however, subsequently acquired a
small number of additional shares of the Issuer's common stock in open
market transactions commencing on May 22, 1995.
SEC 1746 (8-96)
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SCHEDULE 13D
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CUSIP No. 22528F 10 3 Page 2 of 5 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
Mitchell Partners, a California limited partnership
James E. Mitchell
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
James E. Mitchell is the sole general partner of
2 Mitchell Partners, a California limited partnership
with sole control over all matters relating to
investment and voting control.
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3 SEC USE ONLY
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SOURCE OF FUNDS*
4
Working capital of Mitchell Partners (WC)
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) OR 2(e)
5
None
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Mitchell Partners - California
James E. Mitchell - California
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SOLE VOTING POWER
7 Mitchell Partners - 106,930
(James E. Mitchell has sole voting
power as to all shares)
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NUMBER OF SHARED VOTING POWER
SHARES 8
BENEFICIALLY Not applicable
OWNED BY -----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
PERSON 9 Mitchell Partners - 106,930
WITH (James E. Mitchell has sole dispositive
power as to all shares)
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SHARED DISPOSITIVE POWER
10
Not applicable
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 Mitchell Partners and James E. Mitchell - 106,930 shares
(5.2% of total shares outstanding of 2,046,159)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [ ]
12 CERTAIN SHARES*
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 Mitchell Partners and James E. Mitchell
(5.2% of total shares outstanding of 2,046,159)
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TYPE OF REPORTING PERSON*
14 Mitchell Partners - Limited Partnership (PN)
James E. Mitchell - Individual (IN)
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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CUSIP No. 22528F 10 3 Page 3 of 5
ITEM 1. SECURITY AND ISSUER.
The securities that are the subject of this statement consist of
common stock ($0.01 par value) of Creative Medical Development, Inc. (the
"Issuer"). The name and the address of the principal executive offices of the
Issuer are as follows:
Creative Medical Development, Inc.
870 Gold Flat Road
Nevada City, CA 95959
Attention: Corporate Secretary
ITEM 2. IDENTITY AND BACKGROUND.
(a) This statement is filed on behalf of Mitchell Partners, a
California limited partnership, and James E. Mitchell, an individual.
(b) The business address of Mitchell Partners and James E.
Mitchell is:
James E. Mitchell
Mitchell Partners
611 Anton Boulevard, Suite 1110
Costa Mesa, California 92626
(c) (1) The principal business of Mitchell Partners is in
securities investment. Mitchell Partners is not an operating company, and it
has no subsidiaries.
(2) The principal occupation of James E. Mitchell is that
of a private investor and the sole general partner of Mitchell Partners.
(d) Neither Mitchell Partners nor James E. Mitchell has during the
last five (5) years been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Neither Mitchell Partners nor James E. Mitchell was during the
last five (5) years 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) (1) Mitchell Partners is a California limited partnership
with its principal executive offices in California. James E. Mitchell is the
sole general partner of Mitchell Partners.
(2) James E. Mitchell is a United Stated citizen and
resident of California.
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CUSIP No. 22528F 10 3 Page 4 of 5
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
(a) Mitchell Partners used general working capital funds to
acquire the additional 13,000 shares of common stock of the Issuer.
(b) Mitchell Partners did not use borrowed funds to acquire the
subject securities.
(c) The subject securities transactions were all effected in the
ordinary course of business by Mitchell Partners and James E. Mitchell
personally through registered broker-dealers. The most recent purchase on
July 25, 1996 consisted of the acquisition by Mitchell Partners of 13,000 at a
purchase price equal to $0.395.
ITEM 4. PURPOSE OF TRANSACTION.
Mitchell Partners purchased 13,000 shares for investment purposes only
in the ordinary course of business and not for the purpose of gaining control
of the Issuer. Neither Mitchell Partners nor James E. Mitchell has any plans
or proposals that relate to (i) any extraordinary corporate transaction, (ii)
any sale or transfer of a material amount of assets of the Issuer or any of its
subsidiaries, (iii) any change in the present Board of Directors or management
of the Issuer, (iv) any material change in the present capitalization or
dividend policy of the Issuer, (v) any other material change in the Issuer's
business or corporate structure, (vi) any changes in the Issuer's charter,
bylaws or instruments or instruments corresponding thereto, or other actions
which may impede the acquisition of control of the Issuer by any person, (vii)
causing a class of securities of the Issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association,
(viii) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended, or (ix) any other material changes to the
operation, management, structure or financial condition of the Issuer. Both
Mitchell Partners and James E. Mitchell intend to continue to conduct
investment activities related to the securities of the Issuer in the ordinary
course of business.
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER.
(a) (1) Mitchell Partners owns 106,930 shares of common stock
of the Issuer, which equals approximately 5.2% of the total 2,046,159
outstanding shares of common stock of the Issuer. With respect to all shares
of common stock of the Issuer held by Mitchell Partners, James E. Mitchell has
the sole voting power and the sole disposition power.
(b) Mitchell Partners acquired 13,000 shares of common stock of
the Issuer at $0.395 per share in a purchase transaction conducted in the
ordinary course of business through a registered broker-dealer that closed on
July 25, 1996.
(c) No other person has the right to receive or the power to
direct the receipt of dividends from or the proceeds from the sale of common
stock of the Issuer held by Mitchell Partners.
(d) Not applicable.
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CUSIP No. 22528F 10 3 Page 5 of 5
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Neither Mitchell Partners nor James E. Mitchell is a party to any
contract, arrangement, understanding or relationship with respect to any
securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Neither Mitchell Partners nor James E. Mitchell is a party to any
transaction for which any document is required to be attached to this Statement
as an exhibit.
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: August 21, 1996 Mitchell Partners, a California
limited partnership
By: /s/ JAMES E. MITCHELL
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James E. Mitchell,
Sole General Partner
Dated: August 21, 1996 /s/ JAMES E. MITCHELLL
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James E. Mitchell, an individual
