SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)(1)
IP AXCESS, 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)
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)
(1) The remainder of this cover page shall be filed 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).
13G
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CUSIP NO. 237842109
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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
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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6 SHARED VOTING POWER
1,480,303 shares of Common Stock
(See Item 4)
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7 SOLE DISPOSITIVE POWER
-0-
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8 SHARED DISPOSITIVE POWER
1,480,303 shares of Common Stock
(See Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,480,303 shares of Common Stock (See Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (See Item 4)
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12 TYPE OF REPORTING PERSON*
PN
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2
13G
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CUSIP NO. 237842109
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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
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,480,303 shares of Common Stock
(See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,480,303 shares of Common Stock
(See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,480,303 shares of Common Stock (See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
---------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (See Item 4)
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12 TYPE OF REPORTING PERSON*
CO
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3
13G
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CUSIP NO. 237842109
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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
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,480,303 shares of Common Stock
(See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,480,303 shares of Common Stock
(See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,480,303 shares of Common Stock (See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (See Item 4)
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12 TYPE OF REPORTING PERSON*
CO
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4
13G
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CUSIP NO. 237842109
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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
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,480,303 shares of Common Stock
(See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,480,303 shares of Common Stock
(See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,480,303 shares of Common Stock (See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
---------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (See Item 4)
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12 TYPE OF REPORTING PERSON*
CO
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5
13G
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CUSIP NO. 237842109
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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
SHARES -0-
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
---------------------------------------------------------------------------------------------------------------------------------
6 SHARED VOTING POWER
1,480,303 shares of Common Stock
(See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,480,303 shares of Common Stock
(See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,480,303 shares of Common Stock (See Item 4)
---------------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
---------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.4% (See Item 4)
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12 TYPE OF REPORTING PERSON*
IN
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6
ITEM 1(a). NAME OF ISSUER:
IP Axcess, Inc. (the "Company")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
6509 Windcrest Drive, Suite 120, Plano, Texas 75024
ITEM 2(a). NAME OF PERSON FILING
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
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
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, no par value, of the Company ("Common Stock")
ITEM 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 persons filing are:
(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 advisor in accordance with Rule 13d-1
(b) (1) (ii) (E);
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(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) (1) (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 (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.
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer identified in
Item 1.
(a) Amount beneficially owned:
1,480,303 shares of Common Stock*
(b) Percent of class:
5.4% (based on 26,818,000 shares of Common Stock
outstanding as reported in the Company's
Quarterly Report on Form 10-Q for the
quarter ended September 30, 2000.)
(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 direct the vote -
1,480,303*
(iii) Sole power to dispose or to direct the
disposition of - 0
(iv) Shared power to dispose or to direct the
disposition of - 1,480,303*
* Includes (i) 694,705 shares of Common Stock and (ii)
785,598 shares of Common Stock currently issuable to
the Reporting Persons upon the exercise of certain
warrants issued to them by the Company.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
NOT APPLICABLE
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.
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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, each of the undersigned certify that, to the
best of its 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 such purpose of effect.
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
January 22, 2001
-----------------------------------
(Date)
CRANSHIRE CAPITAL, L.P.
By: Downsview Capital, Inc.,
its General Partner
By: /s/ Mitchell P. Kopin
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Mitchell P. Kopin, President
DOWNSVIEW CAPITAL, INC.
By: /s/ Mitchell P. Kopin
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Mitchell P. Kopin, President
EURAM CAP STRAT. "A" FUND LIMITED
By: JMJ Capital, Inc.,
its Investment Manager
By: /s/ Mitchell P. Kopin
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Mitchell P. Kopin, President
JMJ CAPITAL, INC.
By: /s/ Mitchell P. Kopin
-----------------------------
Mitchell P. Kopin, President
MITCHELL P. KOPIN
/s/ Mitchell P. Kopin
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