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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
eAUTOCLAIMS.COM, INC.
---------------------
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
-----------------------------
(Title of Class of Securities)
278578
------
(CUSIP Number)
Gregg Badger 365 Bay Street, 10th Floor, Toronto, Ontario M5H V2V Canada
------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 26, 2002
--------------
(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 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 ss.240.13d-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 12 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CANADIAN ADVANTAGE LIMITED PARTNERSHIP
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
BERMUDA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 2,991,504.00
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0.00
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
2,991,504.00
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,128,934.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.00
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.278578 13D Page 3 of 12 Pages
--------------------------------------------------------------------------------
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 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 1,137,330.00
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0.00
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,137,330.00
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,128,934.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.00
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.278578 13D Page 4 of 12 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FETU HOLDINGS, 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 CITIZENSHIP OR PLACE OF ORGANIZATION
CANADA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 100.00
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0.00
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 100.00
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,128,934.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.00
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.278578 13D Page 5 of 12 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
THOMSON KERNAGHAN & CO, LIMITED
--------------------------------------------------------------------------------
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 0.00
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0.00
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0.00
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,128,934.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.00
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.278578 13D Page 6 of 12 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MARK E. VALENTINE
--------------------------------------------------------------------------------
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 0.00
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0.00
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0.00
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,128,934.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.00
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.278578 13D Page 7 of 12 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VMH INTERNATIONAL, 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 CITIZENSHIP OR PLACE OF ORGANIZATION
BAHAMAS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0.00
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0.00
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0.00
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,128,934.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.00
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.278578 13D Page 8 of 12 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
VMH MANAGEMENT, 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 CITIZENSHIP OR PLACE OF ORGANIZATION
BAHAMAS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0.00
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0.00
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0.00
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0.00
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,128,934.00
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[-]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.00
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.278578 13D Page 9 of 12 Pages
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.com, 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:
Thomson Kernaghan & Co Limited ("Thomson Kernaghan"), is a
Canadian investment dealer, whose principal offices are
located at 120 Adelaide Street West, 16th Floor, Toronto,
Ontario M5H 1T1, Canada.
Mark E. Valentine ("Valentine"), is an individual, whose
principal offices are c/o Thomson Kernaghan, 120 Adelaide
Street West, 16th Floor, Toronto, Ontario M5H 1T1, Canada. Mr.
Valentine is the Chairman of Thomson Kernaghan, President of
VMH Management, and President of VMH International.
Canadian Advantage Limited Partnership ("CALP"), is an Ontario
(Canada) limited partnership whose principal executive offices
are c/o VMH Management Limited, 120 Adelaide Street West, 16th
Floor, Toronto, Ontario M5H 1T1, Canada. VMH Management is 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. VMH International is
the investment manager of ABFL.
VMH Management, Ltd. ("VMH Management"), is an Ontario
(Canada) company whose principal executive offices are 120
Adelaide Street West, 16th Floor, Toronto, Ontario M5H 1T1,
Canada. VMH Management is the general partner of CALP.
VMH International, Ltd. ("VMH International"),is a Bahamas
company whose principal executive offices are P.O. Box n7768,
Ansbacher House, Bank Lane, Nassau, Bahamas. VMH International
is the investment manager of ABFL.
CUSIP No.278578 13D Page 10 of 12 Pages
Fetu Holdings, Ltd. ("Fetu"), is a Canadian investment
company whose principal executive offices are c/o VMH
Management Ltd., 120 Adelaide Street West, 16th Floor,
Toronto, Ontario M5H 1T1, Canada. Valentine is the President
and principal shareholder of Fetu.
Thomson Kernaghan, CALP, ABFL, VMH International, VMH
Management, and Fetu are under the common control of Mark E.
Valentine, the Chairman of Thomson Kernaghan, who has
authority to vote and dispose of the shares beneficially owned
by any of them. Accordingly, Thomson Kernaghan, CALP, ABFL,
VMH International, VMH Management, and Fetu may be considered
a group that beneficially owns all of the shares beneficially
owned by any of them.
During the last five years, none of Thomson Kernaghan,
Valentine, CALP, ABFL, VMH International, VMH Management, or
Fetu (i) has been convicted in a criminal proceeding, or (ii)
has been a party to a civil proceeding of a judicial or
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.
This Schedule 13D is jointly filed by the above-named persons.
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.
Thomson Kernaghan holds warrants to purchase 188,165 shares of
eAuto Common Stock, at the exercise price of $4.50 per share.
These warrants were issued to Thomson Kernagham as
compensation for services rendered to eAuto. Thomson Kernaghan
has not exercised any of the warrants.
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.
CUSIP No.278578 13D Page 11 of 12 Pages
Item 4 PURPOSE OF TRANSACTION:
Each of CALP, ABFL, and Fetu acquired the securities of eAuto
that it beneficially owns for passive investment purposes.
None of Thomson Kernaghan, Valentine, CALP, ABFL, VMH
International, VMH Management, or Fetu has any plans or
proposals that relate to or would result in any of the events
listed in (a) through (j) of Item 4.
Item 5 INTEREST IN SECURITIES OF ISSUER:
All of the information given below is as of January 31, 2002,
as adjusted to reflect the issuance of 4,097,951 shares of
Common Stock upon conversion of 210 shares of the Series A
Convertible Preferred Stock. Percentages are based on
17,965,557 shares of Common Stock outstanding.
Collectively, the Reporting Persons beneficially own and have
sole voting and dispositive power over 4,128,934 shares of
common stock and voting power 22.99% shares of common stock.
During the last 60 days, the Reporting Persons have effected
the following transactions in the Issuer securities:
On December 7, 2001, CALP notified eAuto that it intended to
exercise its right to convert all of its shares of eAuto's
Series A Convertible Preferred Stock ("Preferred Stock") into
2,991,330 shares of eAuto Common Stock and ABFL notified eAuto
that it intended to exercise its right to convert all of its
shares of Preferred Stock into 1,106,621 shares of eAuto
Common Stock.
Item 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER:
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS:
Exhibit 7.1. Letter agreement dated March 26, 2002 between
eAuto, Canadian Advantage Limited Partnership, Advantage
(Bermuda) Fund, Ltd., and Thomson Kernaghan regarding
conversion of Preferred Stock.
Exhibit 7.2 Modification Agreement dated March 26, 2002
between eAuto, Canadian Advantage Limited Partnership,
Advantage (Bermuda) Fund, Ltd, Governors Road, LLC, and
Thomson Kernaghan modifying certain agreements pertaining to
the Preferred Stock.
CUSIP No.278578 13D Page 12 of 12 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.
April 3, 2002 MARK E. VALENTINE
[Date]
/s/ Mark E. Valentine
------------------------------
April 3, 2002 THOMSON KERNAGHAN & CO. LTD.
[Date]
By: /s/ Mark E. Valentine
------------------------------
Mark E. Valentine, Chairman
April 3, 2002 CANADIAN ADVANTAGE LIMITED PARTNERSHIP
[Date]
By: VMH Management, Ltd, its general partner
By: /s/ Mark E. Valentine
------------------------------
Title: President
April 3, 2002 ADVANTAGE (BERMUDA) FUND, LTD.
[Date]
By: VMH International, Ltd.,
its investment manager
By: /s/ Mark E. Valentine
-------------------------------
Title: President
April 3, 2002 VMH INTERNATIONAL, LTD
[Date]
By: /s/ Mark E. Valentine
-------------------------------
Title: President
April 3, 2002 FETU HOLDINGS, LTD.
[Date]
By: /s/ Mark E. Valentine
--------------------------------
Mark E. Valentine, President