SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )
PROTOSOURCE CORPORATION
(Name of Issuer)
Common Stock. no par value
(Title of Class of Securities)
743958 10 0
(CUSIP Number)
Charles Snow, Esq.
Snow Becker Krauss P.C.
605 Third Avenue, New York, New York 10021
(212) 687-3860
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
June 24, 1997
(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 [ ].
Page 1 of 3 pages
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SCHEDULE 13D
CUSIP No. 743958 10 0 Page 2 of 3 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Isaac Paschalidis
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
USA
7) SOLE VOTING POWER
40,000 post-split
NUMBER 8) SHARED VOTING POWER
OF SHARES
BENEFICIALLY
OWNED BY 9) SOLE DISPOSITIVE POWER
EACH 40,000 post-split
REPORTING
PERSON WITH 10) SHARED DISPOSITIVE POWER
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,000 post-split
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.8%
14) TYPE OF REPORTING PERSON
IN
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Page 3 of 3
Except as set forth in this Amendment No. 1 to Schedule 13D (the "Amendment"),
the Schedule 13D filed by the Reporting Person, dated November 8, 1996 remains
in force and effect.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended in the following respects:
(a) The Reporting Person beneficially owns 40,000 post-split Shares
outright. This amount represents approximately 7.8% of the outstanding Shares of
the Issuer.
(c) On June 24, 1997 the Reporting Person sold 20,000 post-split Shares in
the open market at $5.00 per Share. The transaction was effected through Andrew
Alexander Wise & Co., Inc., a market-maker for the Shares.
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: July 16, 1997 /s/ Isaac Paschalidis
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Isaac Paschalidis
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