UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT No. 5
to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.)*
eAUTOCLAIMS, INC.
---------------------
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
-----------------------------
(Title of Class of Securities)
278578
------
(CUSIP Number)
c/o Advantage Fund G.P. Limited
Executive Offices, 380 Sherin Drive, Oakville, Ontario, Canada L6L 4J3
-----------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
--------------------
November 1, 2005
(Date of Events 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 ss.ss.240.13d-l(e), 240.13d-l(f) or 240.13d-1(g), check the
following box. [X]
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.
* 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).
Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB control
number.
SEC 1746 (3-00)
CCH S00128 0331
CUSIP No. 278578 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CANADIAN ADVANTAGE LIMITED PARTNERSHIP
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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
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
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7 SOLE VOTING POWER
NUMBER OF 3,221,454.00
SHARES _____________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0.00
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
3,221,454.00
PERSON _____________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,640,271.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.27%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 278578 13D Page 3 of 7 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ADVANTAGE (BERMUDA) FUND, LTD.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NONE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZEN OR PLACE OF ORGANIZATION
BERMUDA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 1,191,497.00
SHARES _____________________________________________________
8 SHARE VOTING POWER
BENEFICIALLY
0.00
OWNED BY
-----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,191,497.00
PERSON _____________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,640,271.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.27%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 278578 13D Page 4 of 7 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JOHN K. PENNINGTON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NONE
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ONTARIO, CANADA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 227,320.00
SHARES _____________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0.00
OWNED BY --------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 227,320.00
PERSON _____________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,640,271.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.27%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 278578 13D Page 5 of 7 Pages
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Item 1 SECURITY AND ISSUER:
The class of equity securities to which this statement on
Schedule 13D relates is the Common Stock, par value $.001 per
share, of eAutoclaims, Inc., a Nevada corporation ("eAuto"),
with its principal executive offices located at 110 East
Douglas Road, Oldsmar, Florida 34677.
Item 2 IDENTITY AND BACKGROUND:
The persons filing this statement are:
Canadian Advantage Limited Partnership ("CALP"), is an
Ontario (Canada) limited partnership whose principal
executive offices are c/o Advantage Fund G.P. Limited,
Executive Offices, 380 Sherin Drive, Oakville, Ontario L6L
4J3, Canada. Advantage Fund G.P. Limited is now the general
partner of CALP.
Advantage (Bermuda) Fund, Ltd.("ABFL") is a Bermuda company,
whose principal offices are Washington Mall, 3rd Floor, 22
Church Street, Hamilton HMII, Bermuda. Advantage Fund G.P.
Limited is the agent of ABFL.
John Pennington ("Pennington"), is an individual whose
principal offices are c/o Advantage Fund G.P. Limited,
Offices, 380 Sherin Drive, Oakville, Ontario L6L 4J3. Mr.
Pennington is the President of Advantage Fund G.P. Limited
and a director of eAuto.
This Schedule 13D is jointly filed by the above-named persons.
Mr. Pennington is the individual who currently has authority
to vote and dispose of the eAuto securities beneficially
owned by CALP and ABFL. Accordingly, Mr. Pennington,
Advantage Fund, CALP and ABFL may be considered a group that
beneficially owns all the shares beneficially owned by any of
them.
During the last five years, none of John Pennington, CALP, or
ABFL, (i) has been convicted in a criminal proceeding, or
(ii) administrative body of competent jurisdiction and as a
result of such proceeding, been 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.
CUSIP No. 278578 13D Page 6 of 7 Pages
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Item 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
On December 7, 2001, CALP and ABFL gave notice to eAuto of
the exercise of their conversion rights with respect to 210
shares of eAuto's Series A Convertible Preferred Stock
("Preferred Stock"). On March 27 2002, an aggregate of
4,097,951 shares of eAuto Common Stock was issued to CALP and
ABFL in exchange for conversion of all 210 shares of the
Preferred Stock. The Preferred Stock was acquired by CALP and
ABFL between August 28, 2000 and January 26, 2001. No payment
was required upon conversion of the Preferred Stock. The
source of the purchase price for the Preferred Stock acquired
by CALP and ABFL was funds held for investment.
CALP holds warrants to purchase 229,950 shares of eAuto
Common Stock, at exercise prices of between $1.46 and $3.33
per share. ABFL holds warrants to purchase 85,050 shares of
eAuto Common Stock, at exercise prices of between $1.46 and
$3.33 per share. Neither CALP nor ABFL has exercised any
warrants.
For his work on the board through July 31, 2005 and his
retainer for the fiscal year ended July 31, 2006, Mr.
Pennington was issued 227,320 shares of common stock along
with a 5-year option to purchase 50,000 common shares with a
strike price between $0.14 and $0.30 per share as of October
31, 2005. Of these options 50,000 are unvested and are not
included in the totals above.
Item 4 PURPOSE OF TRANSACTION:
Each of CALP and ABFL acquired the securities of eAuto that
it beneficially owns for passive investment purposes.
As of this date, none of John Pennington, CALP, or ABFL has
any plans or proposals that relate to or would result in any
of the events listed in (a) through (j) of Item 4. However,
members of this group or affiliates may make additional
investments in eAuto in privately negotiated transactions or
dispose of eAuto securities pursuant to Rule 144 or
privately.
Item 5 INTEREST IN SECURITIES OF ISSUER:
All of the information given below is as of October 31, 2005.
Percentages are based on 64,357,431 shares of Common Stock
outstanding as of October 31, 2005.
Collectively, the Reporting Persons beneficially own and have
sole voting and dispositive power over 4,640,271 shares of
common stock or approximately 7.27% of the outstanding shares
of eAuto common stock.
During the last 60 days, the Reporting Persons have not
effected any transactions in the Issuer securities.
CUSIP No. 278578 13D Page 7 of 7 Pages
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Item 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER:
None
ITEM 7 MATERIAL TO BE FILED AS EXHIBITS:
None
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.
November 14, 2005 JOHN PENNINGTON
(Date)
By: /s/ John K. Pennington
---------------------------
November 14, 2005 CANADIAN ADVANTAGE LIMITED PARTNERSHIP
(Date)
By: Advantage Fund G.P. Limited,
its general partner
/s/ John K. Pennington
---------------------------------
Title: President
November 14, 2005 ADVANTAGE (BERMUDA) FUND, LTD.
(Date)
By: Advantage Fund G.P. Limited,
its agent
/s/ John K. Pennington
---------------------------------
Title: President