SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
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)
Radiologix, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
75040K109
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(CUSIP Number)
Jay Wolf Bruce Galloway
c/o Trinad Capital Master Fund Ltd c/o Strategic Turnaround Equity
2121 Avenue of the Stars, suite 1650 Partners, L.P.
Los Angeles, California 90049 720 Fifth Avenue, 9th Floor
(310) 601-2500 New York, New York 10019
(212) 247-1339
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 29, 2005
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(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(c), 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(b) for other parties to whom copies are to be sent.
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(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 the disclosures provided in a prior cover page.
The information required in 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).
(Continued on following pages)
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CUSIP No. 75040K109 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trinad Capital Master Fund Ltd 980447604
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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 SOURCE OF FUNDS * WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2 (e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
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NUMBER OF
SHARES 7 SOLE VOTING POWER 0
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 968,800
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EACH
REPORTING 9 SOLE DISPOSITIVE POWER 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER 968,800
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
968,800
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 4.31% (1)
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14 TYPE OF REPORTING PERSON CO
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(1) On the basis of 22,442,417 shares of Common Stock reported by the Company
to be issued and outstanding as of October 28, 2005 in the Company's
latest Quarterly Report on Form 10-Q, as filed with the Securities and
Exchange Commission on November 3, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 75040K109 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Trinad Management, LLC 20-0591302
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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 SOURCE OF FUNDS * N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2 (e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF
SHARES 7 SOLE VOTING POWER 0
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 968,800
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EACH
REPORTING 9 SOLE DISPOSITIVE POWER 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER 968,800
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
968,800
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 4.31%(1)
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14 TYPE OF REPORTING PERSON OO
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(1) On the basis of 22,442,417 shares of Common Stock reported by the Company
to be issued and outstanding as of October 28, 2005 in the Company's
latest Quarterly Report on Form 10-Q, as filed with the Securities and
Exchange Commission on November 3, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 75040K109 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Robert Ellin N/A
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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 SOURCE OF FUNDS * N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2 (e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF
SHARES 7 SOLE VOTING POWER 0
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 968,800
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EACH
REPORTING 9 SOLE DISPOSITIVE POWER 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER 968,800
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
968,800 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 4.31%(1)
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14 TYPE OF REPORTING PERSON IN
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(1) On the basis of 22,442,417 shares of Common Stock reported by the Company
to be issued and outstanding as of October 28, 2005 in the Company's
latest Quarterly Report on Form 10-Q, as filed with the Securities and
Exchange Commission on November 3, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 75040K109 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Strategic Turnaround Equity Partners, L.P. 90-0000833
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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 SOURCE OF FUNDS * WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2 (e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF
SHARES 7 SOLE VOTING POWER 0
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 129,100
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EACH
REPORTING 9 SOLE DISPOSITIVE POWER 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER 129,100
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
129,100 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.58% (1)
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14 TYPE OF REPORTING PERSON PN
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(1) On the basis of 22,442,417 shares of Common Stock reported by the Company
to be issued and outstanding as of October 28, 2005 in the Company's
latest Quarterly Report on Form 10-Q, as filed with the Securities and
Exchange Commission on November 3, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 75040K109 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Galloway
Capital Management LLC 90-0000838
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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 SOURCE OF FUNDS * N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2 (e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF
SHARES 7 SOLE VOTING POWER 0
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 129,100
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EACH
REPORTING 9 SOLE DISPOSITIVE POWER 0
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PERSON WITH 10 SHARED DISPOSITIVE POWER 129,100
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
129,100 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.58% (1)
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14 TYPE OF REPORTING PERSON OO
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(1) On the basis of 22,442,417 shares of Common Stock reported by the Company
to be issued and outstanding as of October 28, 2005 in the Company's
latest Quarterly Report on Form 10-Q, as filed with the Securities and
Exchange Commission on November 3, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 75040K109 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Gary L. Herman N/A
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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 SOURCE OF FUNDS * PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2 (e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF
SHARES 7 SOLE VOTING POWER 6,900(1)
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 129,100
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EACH
REPORTING 9 SOLE DISPOSITIVE POWER 6,900(1)
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PERSON WITH 10 SHARED DISPOSITIVE POWER 129,100
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
136,000 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.61% (2)
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14 TYPE OF REPORTING PERSON IN
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(1) This includes 5,500 shares of common stock held by Mr. Herman individually
and 1,400 shares of common stock held by Gary Herman, IRA.
(2) On the basis of 22,442,417 shares of Common Stock reported by the Company
to be issued and outstanding as of October 28, 2005 in the Company's
latest Quarterly Report on Form 10-Q, as filed with the Securities and
Exchange Commission on November 3, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 75040K109 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Bruce Galloway N/A
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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 SOURCE OF FUNDS * PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2 (e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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NUMBER OF
SHARES 7 SOLE VOTING POWER 248,200(1)
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BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 129,100
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EACH
REPORTING 9 SOLE DISPOSITIVE POWER 248,200 (1)
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PERSON WITH 10 SHARED DISPOSITIVE POWER 129,100
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
377,300 (1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 1.68% (2)
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14 TYPE OF REPORTING PERSON IN
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(1) This includes 38,900 shares of common stock held by Mr. Galloway
individually, 99,400 shares of common stock owned by Mr. Galloway in
conjunction with his wife, Sara Herbert, 2,800 shares of common stock held
by Bruce Galloway, Rollover IRA, 24,300 shares of common stock held by
Sara Galloway, IRA, 18,000 shares of common stock held by Rexon Galloway
Capital Growth LLC ("Rexon") and 64,800 shares of common stock held by
Jacombs Investments Inc. ("Jacombs"). Mr. Galloway disclaims any
beneficial ownership of the 82,800 shares of common stock for Rexon and
Jacombs except to the extent of his indirect beneficial ownership as a
holder of voting power and his ability to cause Rexon and Jacombs to
dispose of such shares of common stock.
(2) On the basis of 22,442,417 shares of Common Stock reported by the Company
to be issued and outstanding as of October 28, 2005 in the Company's
latest Quarterly Report on Form 10-Q, as filed with the Securities and
Exchange Commission on November 3, 2005.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1. Security and Issuer.
The class of equity securities to which this statement relates is the common
stock, no par value, (the "Common Stock") of Radiologix, Inc., a Delaware
corporation, (the "Company"). The principal executive offices of the Company are
located at 3600 JP Morgan Chase Tower, 2200 Ross Avenue, Dallas, Texas
75201-2776.
Item 2. Identity and Background.
This statement is being filed jointly by Trinad Capital Master Fund Ltd, Trinad
Management, LLC, Robert Ellin, Strategic Turnaround Equity Partners, L.P.,
Galloway Capital Management LLC, Gary L. Herman and Bruce Galloway
(collectively, the "Reporting Persons").
Trinad Capital Master Fund Ltd, is a Cayman Islands Corporation and is a hedge
fund dedicated to investing micro-cap companies. Trinad Management, LLC is a
Delaware limited liability company principally engaged in serving as the general
partner of Trinad Capital Master Fund Ltd. Robert Ellin is a citizen of the
United States and (i) a managing member of Trinad Management, LLC, (ii) the
holder of 66% of the membership interests in Trinad Management, LLC, and (iii)
the holder of approximately 9% of the partnership interests in Trinad Capital
Master Fund Ltd.
Strategic Turnaround Equity Partners, L.P., is a Delaware limited liability
partnership and is a fund focused on investing primarily in undervalued public
equities. Galloway Capital Management LLC is a Delaware limited liability
company principally engaged in serving as the general partner of Strategic
Turnaround Equity Partners, L.P. Gary L. Herman and Bruce Galloway are citizens
of the United States and (i) managing members of Galloway Capital Management
LLC, (ii) Mr. Galloway is a holder of the majority of the membership interests
in Galloway Capital Management LLC, and (iii) Mr. Galloway is a holder of the
majority of the partnership interests in Strategic Turnaround Equity Partners,
L.P.
The name and positions of the executive officers and directors of each of the
Reporting Persons are set forth below. Other than as listed in Item 5 of this
Report, each executive officer and director listed below disclaims beneficial
ownership of the shares of Common Stock beneficially owned by the Reporting
Persons.
Trinad Capital Master Fund Ltd Cayman Islands Corporation
General Partner - Trinad Management, LLC
Trinad Management, LLC Delaware limited liability company
Managing Member - Robert Ellin
Managing Director - Jay Wolf
Robert Ellin Citizenship - United States
Managing Member, Trinad Capital Master Fund Ltd
Managing Member, Trinad Management, LLC
Strategic Turnaround Equity Partners, L.P. Delaware limited partnership
General Partner - Galloway Capital Management LLC
Galloway Capital Management LLC Delaware limited liability company
Managing Member - Gary L. Herman
Managing Member - Bruce Galloway
Gary L. Herman Citizenship - United States
Managing Member - Galloway Capital Management LLC
Managing Member - Strategic Turnaround Equity Partners, L.P.
Bruce Galloway Citizenship - United States
Managing Member - Galloway Capital Management LLC
Managing Member - Strategic Turnaround Equity Partners, L.P.
The address of the principal business office of Trinad Capital Master Fund Ltd,
Trinad Management, LLC, and Robert Ellin is c/o Trinad Capital Master Fund Ltd,
2121 Avenue of the Stars, Suite 1650, Los Angeles, California 90049. The address
of the principal business office of Strategic Turnaround Equity Partners, L.P.,
Galloway Capital Management LLC, Gary L. Herman and Bruce Galloway is c/o
Strategic Turnaround Equity Partners, L.P., 720 Fifth Avenue, 9th Floor, New
York, New York 10019.
During the last five years, neither the Reporting Persons nor any executive
officer or director of the Reporting Persons have (i) been convicted in any
criminal proceeding or (ii) been a party to any civil proceeding of a judicial
or administrative body of competent jurisdiction as a result of which he was
subject to any 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.
Item 3. Source and Amount of Funds or Other Consideration.
The shares of Common Stock owned directly and indirectly by the Reporting
Persons were purchased with working capital of Trinad Capital Master Fund Ltd
and Strategic Turnaround Equity Partners, L.P.
Item 4. Purpose of Transaction.
All of the shares of Common Stock reported herein were acquired for investment
purposes. On each of the following dates and at the following prices per share,
Trinad Capital Master Fund Ltd made purchases of Common Stock on the open market
with its working capital:
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Date Number of Shares Acquired Price Per Share
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10/03/05 13,700 3.8119
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10/04/05 13,200 3.8063
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10/10/05 2,000 3.6800
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10/11/05 3,600 3.7422
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10/13/05 900 3.6256
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10/14/05 3,700 3.6200
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10/19/05 1,000 3.4000
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10/25/05 2,000 3.6300
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10/27/05 1,000 3.6900
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10/31/05 3,000 3.7667
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11/08/05 3,000 3.6633
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11/09/05 3,000 3.3267
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11/11/05 19,300 3.2861
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11/18/05 9,200 3.1343
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11/21/05 10,700 3.1174
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11/22/05 50,000 3.1450
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11/23/05 5,200 3.0262
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11/28/05 25,000 3.0406
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11/28/05 10,000 2.9312
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11/28/05 6,000 2.9633
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11/30/05 8,200 3.0349
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12/01/05 15,000 3.0875
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12/01/05 1,000 3.1500
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On each of the following dates and at the following prices per share, Strategic
Turnaround Equity Partners, L.P. made purchases of Common Stock on the open
market with its working capital:
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Date Number of Shares Acquired Price Per Share
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11/25/05 11,300 3.0500
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11/25/05 117,800 3.0500
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On each of the following dates and at the following prices per share, Bruce
Galloway or his affiliates made purchases of Common Stock on the open market
with his personal funds:
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Date Number of Shares Acquired Price Per Share
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10/05/05 100 3.7500
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10/28/05 10,000 3.7173
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11/03/05 8,000 3.6924
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11/04/05 15,800 0.0000
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11/21/05 5,100 3.0714
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11/22/05 24,300 3.0119
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11/25/05 99,400 3.0500
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11/25/05 2,700 3.0500
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11/25/05 18,000 3.0500
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11/25/05 64,800 3.0500
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On each of the following dates and at the following prices per share, Gary L.
Herman or his affiliates made purchases of Common Stock on the open market with
his personal funds:
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Date Number of Shares Acquired Price Per Share
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11/25/05 5,500 3.0500
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11/25/05 1,400 3.0500
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Other than as set forth below, the Reporting Persons currently have no plan or
proposal which relates to or would result in any of the actions or transactions
described in paragraphs (a) through (j) of Item 4 of the instructions to this
Report.
On November 29, 2005, the Reporting Persons sent a joint letter to the Board of
Directors of Radiologix, Inc. indicating their support of current management,
its successful restructuring of the business and returning it to profitability.
The letter also encouraged management to now focus on growing the business and
operations and increasing shareholder value. To this end, management was
encouraged to explore growth through strategic acquisitions or business
combinations, as well as, increasing the value, of what the Reporting Persons
believe to be an undervalued stock, through possible repurchase of a portion of
its currently outstanding debentures. A copy of this letter is attached hereto
as exhibit 99.1 and made a part hereof.
Item 5. Interest in Securities of the Issuer.
(a) and (b)
As of the date hereof, Trinad Capital Master Fund Ltd, Trinad Management, LLC
(as the general partner of Trinad Capital Master Fund Ltd) and Robert Ellin (as
a Managing Member of Trinad Management, LLC) are deemed to beneficially own an
aggregate of 968,800 shares of Common Stock, representing approximately 4.31% of
the number of shares of Common Stock stated to be outstanding by the Company in
its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange
Commission on November 3, 2005. Trinad Capital Master Fund Ltd is deemed to be
the direct beneficial owner of 968,800 shares of Common Stock. Trinad
Management, LLC is deemed to be the indirect beneficial owner of 968,800 shares
of Common Stock. Robert Ellin is deemed to be the indirect beneficial owner of
968,800 shares of Common Stock. Each of Trinad Management, LLC and Robert Ellin
disclaim beneficial ownership of the shares of Common Stock directly
beneficially owned by Trinad Capital Master Fund Ltd (except for (i) the
indirect interest of Trinad Management, LLC by virtue of being the general
partner of Trinad Capital Master Fund Ltd, (ii) the indirect interest of Robert
Ellin by virtue of being a member of Trinad Management, LLC, and (iii) the
indirect interest of Robert Ellin by virtue of being a member of Trinad Capital
Master Fund Ltd). Trinad Management, LLC and Robert Ellin have shared power to
direct the vote and shared power to direct the disposition of these shares of
Common Stock.
As of the date hereof, Strategic Turnaround Equity Partners, L.P., Galloway
Capital Management LLC (as the general partner of Strategic Turnaround Equity
Partners, L.P.), Bruce Galloway and Gary L. Herman (as a Managing Members of
Galloway Capital Management LLC) are deemed to beneficially own an aggregate of
129,100 shares of Common Stock, representing approximately 0.58% of the number
of shares of Common Stock stated to be outstanding by the Company in its
Quarterly Report on Form 10-Q, as filed with the Securities and Exchange
Commission on November 3, 2005. Strategic Turnaround Equity Partners, L.P. is
deemed to be the direct beneficial owner of 129,100 shares of Common Stock.
Galloway Capital Management LLC is deemed to be the indirect beneficial owner of
129,100 shares of Common Stock. Bruce Galloway and Gary L. Herman are deemed to
be the indirect beneficial owners of 129,100 shares of Common Stock. Each of
Galloway Capital Management LLC, Bruce Galloway and Gary L. Herman disclaim
beneficial ownership of the shares of Common Stock directly beneficially owned
by Strategic Turnaround Equity Partners, L.P. (except for (i) the indirect
interest of Galloway Capital Management LLC by virtue of being the general
partner of Strategic Turnaround Equity Partners, L.P., (ii) the indirect
interests of Bruce Galloway and Gary L. Herman by virtue of being members of
Galloway Capital Management LLC, and (iii) the indirect interests of Bruce
Galloway and Gary L. Herman by virtue of being limited partners of Strategic
Turnaround Equity Partners, L.P.). Galloway Capital Management LLC, Gary L.
Herman and Bruce Galloway have shared power to direct the vote and shared power
to direct the disposition of these shares of Common Stock.
Of the 248,200 shares of common stock deemed to be beneficially owned by Bruce
Galloway, 38,900 shares of common stock are held by Mr. Galloway individually,
99,400 shares of common stock are owned by Mr. Galloway in conjunction with his
wife, Sara Herbert, 2,800 shares of common stock are held by Bruce Galloway,
Rollover IRA, 24,300 shares of common stock are held by Sara Galloway, IRA,
18,000 shares of common stock are held by Rexon Galloway Capital Growth LLC and
64,800 shares of common stock are held by Jacombs Investments Inc.
Of the 6,900 shares of common stock deemed to be beneficially owned by Gary L.
Herman, 5,500 shares of common stock are held by Mr. Herman individually and
1,400 shares of common tock are held by Gary Herman, IRA.
(c)
Other than as set forth in this Report, the Reporting Persons and the executive
officers and directors listed in Item 2 have not effected any transactions in
the shares of the Company's equity securities within the past 60 days.
(d)
Not applicable.
(e)
Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With the
Issuer.
Except as described herein, there are no contracts, arrangements, understandings
or relationships (legal or otherwise) between the Reporting Persons named in
Item 2 hereof and any person with respect to any securities of the Company,
including but not limited to transfer or voting of any other securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, divisions of profits or loss, or the giving or
withholding of proxies.
Item 7. Material to be Filed as Exhibits.
Exhibit 99.1: November 29, 2005 Joint Letter to the Board of Directors of
Radiologix, Inc.
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.
Trinad Capital Master Fund Ltd
December 8, 2005 By:/s/ Jay Wolf
------------
Name: Jay Wolf
Title: Managing Director of Trinad
Management, LLC, the General
Partner of Trinad Capital Master
Fund Ltd
Trinad Management, LLC
December 8, 2005 By: /s/ Jay Wolf
------------
Name: Jay Wolf
Title: Managing Director
Robert Ellin
December 8, 2005 /s/ Robert Ellin
----------------
Strategic Turnaround Equity Partners,
L.P.
December 8, 2005 By:/s/ Bruce Galloway
------------------
Name: Bruce Galloway
Title: Managing Member of Galloway
Capital Management LLC, the
General Partner of Strategic
Turnaround Equity Partners, L.P.
Galloway Capital Management LLC
December 8, 2005 By:/s/ Bruce Galloway
------------------
Name: Bruce Galloway
Title: Managing Member
Gary L. Herman
December 8, 2005 /s/ Gary L. Herman
------------------
Bruce Galloway
December 8, 2005 /s/ Bruce Galloway
------------------
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention. Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).