UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
CADIZ INC.
----------
(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
---------------------------------------
(Title of Class of Securities)
127537207
---------
(CUSIP Number)
December 30, 2003
-----------------
(Date of Event which Requires Filing
of this Statement)
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)
*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 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).
Page 1 of 6
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CUSIP No. 127537207 13G Page 2 of 6 Pages
--------- --- ---
-------------------------- --------------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bedford Oak Advisors, LLC 13-4007124
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 601,500 (see Item 4)
OWNED -----------------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
601,500 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
601,500 (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.44% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
-------------------------- --------------------------
CUSIP No. 127537207 13G Page 3 of 6 Pages
--------- --- ---
-------------------------- --------------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harvey P. Eisen
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 601,500 (see Item 4)
OWNED ------------------------------------------------------------------
BY 7 SOLE DISPOSITIVE POWER
EACH
REPORTING 0
PERSON ------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
601,500 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
601,500 (see Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.44% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Item 1(a) Name of Issuer:
--------------
Cadiz Inc. ("the Company")
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
100 Wilshire Boulevard, Suite 100
Santa Monica, CA 90401
Items 2(a) and 2(b) Name of Person Filing and Business Office:
-----------------------------------------
This statement is filed by: (i) Bedford Oak Advisors,
LLC ("BOA") and (ii) Harvey P. Eisen, in his capacity
as managing member of BOA. The principal business
address of each reporting person is 100 South Bedford
Road, Mt. Kisco, New York 10549.
Item 2(c) Citizenship:
-----------
BOA is a Delaware limited liability company Mr. Eisen is
a United States citizen.
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, par value $0.01 per share ("Common
Stock")
Item 2(e) CUSIP Number:
------------
127537207
Item 3 Not Applicable
Item 4 Ownership:
---------
The percentages used herein are calculated based upon
the shares of Common Stock issued and outstanding as of
December 16, 2003 as reported on the Form 8-K of the
Company filed with the Securities and Exchange
Commission by the Company on December 17, 2003.
As of the close of business on September 3, 2004:
1. Bedford Oak Advisors, LLC
(a) Amount beneficially owned: -601,500-
(b) Percent of class: 9.44%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -601,500-
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: -601,500-
Page 4 of 6 Pages
2. Harvey P. Eisen
(a) Amount beneficially owned: -601,500-
(b) Percent of class: 9.44%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -601,500-
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: -601,500-
BOA controls 601,500 shares of Common Stock in its
capacity as the investment manager of Bedford Oak
Capital, L.P., Bedford Oak Offshore, Ltd. and Bedford
Oak Partners, L.P., which entities own 292,500, 241,400
and 67,600 shares of Common Stock, respectively. Harvey
P. Eisen controls 601,500 shares of Common Stock in his
capacity as the managing member of BOA.
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:
-----------------------------------------
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 the signatory certifies that, to the best of his 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 that purpose or
effect.
Page 5 of 6 Pages
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: September 7, 2004
BEDFORD OAK ADVISORS, LLC
By: /s/ Harvey P. Eisen
-------------------------------
Name: Harvey P. Eisen
Title: Chairman and Managing Member
HARVEY P. EISEN
/s/ Harvey P. Eisen
------------------------------------