posted
PALTQ (.06) What happens when a Beverly Hill Brokerage owned by one of the Nations largest life insurance companies teams up with a High Profile reverse merger specialist?
Imagine if the shell they used for the reverse merger only had 4 million shares outstanding. That's exactly what's happening with PALTQ. Senior VP for ML Stern & Co. buys $50,000 worth of PALTQ on the open market during the summer. Then magically Michael Anthony reinstates the shell a few weeks ago. Something big is up here. They paid almost .20 per share to buy 6.25% of PALTQ. Did PALTQ just exit bankruptcy and now ML Stern & Co. and Michael Anthony have big plans?
SCHEDULE 13D Pallet Management Systems Inc.(PALTQ) Filed July 10, 2007. (4,000,000 total shares OS)
NAME OF REPORTING PERSONS Michael Karp. 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 250,000 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.25%
Mr. Karp is a Senior Vice President at M.L. Stern & Co., LLC, 8350 Wilshire Blvd.,Beverly Hills, CA 90211, United States of America. Beverly Hills Stock Broker ML Stern & Co, owned by one of the ten largest life insurance companies in the nation. A subsidiary of Pacific Life Insurance Company, http://www.mlstern.com/
Transactions effected during the past sixty days: Mr. Karp acquired following shares of PALTQ.
60,000 shares on June 15, 2007 at $0.105 per share,$6300 7,300 shares on June 15, 2007 at $0.11 per share,$803 5,000 shares on June 18,2007 at $0.15 per share,$750 20,266 shares on June 18, 2007 at $0.17 per share,$3455 5,000 shares on June 18, 2007 at $0.18 per share,$900 5,000 shares on June 18, 2007 at $0.19 per share,$950 30,000 shares on June 18, 2007 at $0.20 per share,$6000 35,000 shares on June 19, 2007 at $0.25 per share,$8750 2,434 shares on June 19, 2007 at $0.26 per share,$633 5,000 shares on June 20, 2007 at $0.22 per share,$1100 46,150 shares on June 20, 2007 at $0.25 per share,$11,537 28,850 shares on June 21, 2007 at $0.26 per share.$7501
Detail by Entity Name Florida Profit Corporation PALLET MANAGEMENT SYSTEMS Last Event REINSTATEMENT Event Date Filed 10/25/2007 Name & Address Title PVD ANTHONY, MICHAEL 330 CLEMATIS STREET, STE 217 WEST PALM BEACH FL 33401 US
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
----------------
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 1) (1)
Pallet Management Systems Inc. -------------------------------------------------------------------------------- (Name of Issuer)
Common Stock, par value $0.001 per share -------------------------------------------------------------------------------- (Title of Class of Securities)
Michael Karp c/o M.L. Stern & Co., LLC 8350 Wilshire Blvd. Beverly Hills, CA 90211 (858)
259-3400 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 25, 2007 -------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
---------- (1) 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 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>
CUSIP No. 696435304
---------------------
1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Karp
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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 of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
250,000
8. SHARED VOTING POWER
0
9. SOLE DISPOSITIVE POWER
250,000
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.25%
14. TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT! <PAGE> CUSIP No. 696435304 ---------------------
Item 1. Security and Issuer.
The name of the issuer is Pallet Management Systems Inc, a Florida corporation (the "Issuer"). The address of the Issuer's offices is 2855 University Drive, Suite 510, Coral Springs, Florida 33065, United States of America. This Amendment No. 1 to Schedule 13D (the "Amendment") relates to the Issuer's Common Stock, par value $0.001 per share (the "Shares").
(b) The principal business address for Michael Karp is c/o M.L. Stern & Co., LLC, 8350 Wilshire Blvd., Beverly Hills, CA 90211, United States of America.
(c) Mr. Karp is a Senior Vice President at M.L. Stern & Co., LLC, 8350 Wilshire Blvd., Beverly Hills, CA 90211, United States of America.
(d) Michael Karp has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Michael Karp has not, 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) Michael Karp is a citizen of the United States of America.
The shares were accumulated using personal funds over a period of one week solely for purposes of investment by the Reporting Person.
THE REPORTING PERSON HAS NO PLANS OR PROPOSALS THAT RELATE TO OR WOULD RESULT IN:
(a) The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;
(d) Any change in the present board of directors or management of the issuer, including any plans or proposals to change the
number or term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy of the issuer;
(f) Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment
policy for which a vote is required by section 13 of the Investment Company Act of 1940;
(g) Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;
(h) 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;
(i) A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
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 by Michael Karp: 250,000 shares.
(b) Number of shares as to which Michael Karp has:
(i) Sole power to vote or to direct the vote 250,000
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 250,000
(iv) Shared power to dispose or to direct the
disposition of 0
(c) Transactions effected during the past sixty days: Mr. Karp acquired 60,000 shares on June 15, 2007 at $0.105 per share, 7,300 shares on June 15, 2007 at $0.11 per share, 5,000 shares on June 18, 2007 at $0.15 per share, 20,266 shares on June 18, 2007 at $0.17 per share, 5,000 shares on June 18, 2007 at $0.18 per share, 5,000 shares on June 18, 2007 at $0.19 per share, 30,000 shares on June 18, 2007
at $0.20 per share, 35,000 shares on June 19, 2007 at $0.25 per share, 2,434 shares on June 19, 2007 at $0.26 per share, 5,000 shares on June 20, 2007 at $0.22 per share, 46,150 shares on June 20, 2007 at $0.25 per share, 28,850 shares on June 21, 2007 at $0.26 per share.
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 the Reporting Person and any person with respect to any securities of the issuer, including but not limited to transfer or voting of any of the securities, 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, naming the persons with whom such contracts, arrangements, understandings or relationships have been entered into.
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.
July 10, 2007 ----------------------- (Date)
/s/ Michael Karp -----------------------
Michael Karp
* The Reporting Persons disclaim beneficial ownership of the securities re
Detail by Entity Name Florida Profit Corporation PALLET MANAGEMENT SYSTEMS, INC. Filing Information Document Number F87511 FEI Number 592197020 Date Filed 06/10/1982 State FL Status ACTIVE Last Event REINSTATEMENT Event Date Filed 10/25/2007 Event Effective Date NONE Principal Address 330 CLEMATIS STREET, STE 217 WEST PALM BEACH FL 33401 US Changed 10/25/2007 Mailing Address 330 CLEMATIS STREET, STE 217 WEST PALM BEACH FL 33401 US Changed 10/25/2007 Registered Agent Name & Address INCORP SERVICES, INC. 17888 67TH COURT NORTH LOXAHATCHEE FL 33470 US Name Changed: 10/25/2007 Address Changed: 10/25/2007 Officer/Director Detail Name & Address Title PVD ANTHONY, MICHAEL 330 CLEMATIS STREET, STE 217 WEST PALM BEACH FL 33401 US Annual Reports Report Year Filed Date 2005 10/25/2007 2006 10/25/2007 2007 10/25/2007
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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posted
DAAAAMMMMMNNNNN!!!!!!!! Read the thread, did some checking, decided what the heck. Got a few at .06 right before lift off. Thanks for the headup toad. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
This is what sold me on the thought that something is up...
60,000 shares on June 15, 2007 at $0.105 per share,$6300 7,300 shares on June 15, 2007 at $0.11 per share,$803 5,000 shares on June 18,2007 at $0.15 per share,$750 20,266 shares on June 18, 2007 at $0.17 per share,$3455 5,000 shares on June 18, 2007 at $0.18 per share,$900 5,000 shares on June 18, 2007 at $0.19 per share,$950 30,000 shares on June 18, 2007 at $0.20 per share,$6000 35,000 shares on June 19, 2007 at $0.25 per share,$8750 2,434 shares on June 19, 2007 at $0.26 per share,$633 5,000 shares on June 20, 2007 at $0.22 per share,$1100 46,150 shares on June 20, 2007 at $0.25 per share,$11,537 28,850 shares on June 21, 2007 at $0.26 per share.$7501
He chased this from .105 to .26 in just a few days. That is what has me glad that I aint chasing it now. lol. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
Very nicely done guys. I say your post when it was at .14 and figured I was too late. Oh well, congrats!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Thanks brotha,,,,,I cant take all the credit though,,,,I'm just passing on info I found from other posters on other message boards,,,,,hopefully this is the GREAT one I search endlessly for,,,,,It sure has all the ingredients and the pieces of the puzzle are starting to come together,,,,,,
Posted by: sons In reply to: None Date:11/29/2007 5:25:11 PM Post #of 133
I can't wait to find out why the VP of a $19 plus million dollar company with 210 employees is buying 250,000 shares of this shell at the average PPS of .20!!
O/S 3.9 million A/S 10 million
M.L. Stern & Co. does want to give you advice about your money. A subsidiary of Pacific Life Insurance Company, the firm offers securities brokerage and asset management to individuals, corporations, and pension funds. Products include stocks and bonds, mutual funds, annuities, and tax-deferred investments. The company also provides municipal finance services for local governments. It has offices in California and Las Vegas. M.L. Stern was founded by president Mickey Stern in 1980 and acquired by Pacific Life in 1999.
Company Type Subsidiary of Pacific Life Fiscal Year-End December Sales (mil.) $19.8 (est.) Employees 210
Mr. Karp is a Senior Vice President at M.L. Stern & Co., LLC, 8350 Wilshire Blvd.,Beverly Hills, CA 90211, United States of America. Beverly Hills Stock Broker ML Stern & Co, owned by one of the ten largest life insurance companies in the nation. A subsidiary of Pacific Life Insurance Company, http://www.mlstern.com/
Transactions effected during the past sixty days: Mr. Karp acquired following shares of PALTQ.
60,000 shares on June 15, 2007 at $0.105 per share,$6300 7,300 shares on June 15, 2007 at $0.11 per share,$803 5,000 shares on June 18,2007 at $0.15 per share,$750 20,266 shares on June 18, 2007 at $0.17 per share,$3455 5,000 shares on June 18, 2007 at $0.18 per share,$900 5,000 shares on June 18, 2007 at $0.19 per share,$950 30,000 shares on June 18, 2007 at $0.20 per share,$6000 35,000 shares on June 19, 2007 at $0.25 per share,$8750 2,434 shares on June 19, 2007 at $0.26 per share,$633 5,000 shares on June 20, 2007 at $0.22 per share,$1100 46,150 shares on June 20, 2007 at $0.25 per share,$11,537 28,850 shares on June 21, 2007 at $0.26 per share.$7501
posted
Started showing some life today from .07 to .15 ended the day at .10
Might be coming to life? Hopefully we'll get some news soon. With a 4 mil float this could run quick if it goes.
Posts: 111 | From: nyc | Registered: Aug 2007
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