CUSIP No. 51827W103 Page 1 of 14 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
NUWAY ENERGY, INC.
(Name of Issuer)
Common Stock, $.00067 par value
(Title of Class of Securities)
51827W103
(CUSIP Number)
Mr. David Matteson
Augustine Capital Management, LLC
141 W. Jackson
Suite 2182
Chicago, IL 60604
(312) 427-5461
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 21, 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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
CUSIP No. 51827W103 Page 2 of 14 Pages
========== =====================================================================
1 NAME OF REPORTING PERSON
Augustine Fund, L.P.
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
---------- ---------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
---------- ---------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
--------------------------- --------- ------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------- ------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,622,520
REPORTING --------- ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------- ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,622,520
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,622,520
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
31.3%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
================================================================================
CUSIP No. 51827W103 Page 3 of 14 Pages
========== =====================================================================
1 NAME OF REPORTING PERSON
Augustine Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS
---------- ---------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
---------- ---------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------- --------- ------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------- ------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,622,520
REPORTING --------- ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------- ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,622,520
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,622,520
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
31.3%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
================================================================================
CUSIP No. 51827W103 Page 4 of 14 Pages
========== =====================================================================
1 NAME OF REPORTING PERSON
Augustine Group, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS
---------- ---------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
---------- ---------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------- --------- ------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------- ------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,622,520
REPORTING --------- ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------- ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,622,520
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,622,520
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
31.3%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
================================================================================
CUSIP No. 51827W103 Page 5 of 14 Pages
========== =====================================================================
1 NAME OF REPORTING PERSON
Thomas Duszynski
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS
---------- ---------------------------------------------------------------------
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
--------------------------- --------- ------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------- ------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,622,520
REPORTING --------- ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------- ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,622,520
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,622,520
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
31.3%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
CUSIP No. 51827W103 Page 6 of 14 Pages
========== =====================================================================
1 NAME OF REPORTING PERSON
David M. Matteson
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
---------- ---------------------------------------------------------------------
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
--------------------------- --------- ------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------- ------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,622,520
REPORTING --------- ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------- ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,622,520
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,622,520
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
31.3%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
CUSIP No. 51827W103 Page 7 of 14 Pages
========== =====================================================================
1 NAME OF REPORTING PERSON
Brian D. Porter
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
---------- ---------------------------------------------------------------------
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
--------------------------- --------- ------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------- ------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,622,520
REPORTING --------- ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------- ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,622,520
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,622,520
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
31.3%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
CUSIP No. 51827W103 Page 8 of 14 Pages
========== =====================================================================
1 NAME OF REPORTING PERSON
John T. Porter
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) [ ]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 SOURCE OF FUNDS
---------- ---------------------------------------------------------------------
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
--------------------------- --------- ------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------- ------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,622,520
REPORTING --------- ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------- ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,622,520
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,622,520
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
31.3%
----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
================================================================================
CUSIP No. 51827W103 Page 9 of 14 Pages
Item 1. Security and Issuer
This is Amendment No. 2 to the Schedule 13D (the "Original 13D")
originally filed jointly by Augustine Capital Management, LLC ("Augustine
Capital"), Augustine Fund, LP ("Augustine Fund"), John T. Porter, Brian D.
Porter, Thomas Duszynski, David M. Matteson (collectively, the "Group") and
certain other individuals and entities.
The class of equity securities to which this Schedule 13D relates is the
common stock, par value $.00067 per share ("Common Stock"), of NuWay Energy,
Inc., a Delaware corporation (the "Issuer"). The address of the principal
executive offices of the Issuer is 19100 Von Karman Ave, Suite 450, Irvine,
California 33162. The joint filing agreement of the persons filing this Schedule
13D is attached as Exhibit 1.
Item 2. Identity and Background
(a)-(c) This statement is filed by each member of the Group with respect
to the shares of Common Stock beneficially owned by the Group. Augustine Capital
is the general partner of Augustine Fund. The controlling members, directors and
officers of Augustine Capital are Thomas Duszynski, David M. Matteson, Brian D.
Porter and John T. Porter. The business address of each member of the Group is
141 W. Jackson, Suite 2182, Chicago, Illinois 60604. The principal employment of
Thomas Duszynski, Brian D. Porter and John T. Porter, is investing in
securities, conducted through Augustine Capital and Augustine Fund. The
principal employment of David M. Matteson is as an officer of certain of the
Augustine Entities. Augustine Capital is a Delaware limited liability company
and Augustine Fund is an Illinois limited partnership.
(d) During the past five years, no member of the Group has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, no member of the Group (a) has 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) All of the individuals who are members of the Group are citizens of
the United States.
Item 3. Source and Amount of Funds or Other Consideration
The amount of funds expended to date by Augustine Fund to acquire the
1,289,377 shares of Common Stock it currently holds in its name is $1,736,056.
Such funds were provided from Augustine Fund's available capital. The amount of
funds expended to date by Brian D. Porter to acquire the 302,857 shares of
Common Stock he currently holds in his name is $500,000. Such funds were
provided from Mr. Porter's available capital. The amount of
CUSIP No. 51827W103 Page 10 of 14 Pages
funds expended to date by David M. Matteson to acquire the 30,286 shares of
Common Stock he holds in his name is $50,000. Such funds were provided from Mr.
Matteson's available capital.
Item 4. Purpose of Transaction
The members of the Group initially acquired the shares of Common Stock
beneficially owned by the members of the Group with the intent to exercise
control of the Issuer, as described in the Original 13D. Since that time, and
since the composition of the Group has changed, the members of the Group no
longer intend to exercise control of the Issuer and hold their shares of Common
Stock with investment intent.
Each member of the Group may make further purchases of shares of Common
Stock. Members of the Group may dispose of any or all the shares of Common Stock
held by them, although they have no current intention to do so. Except as noted
in this Schedule 13D, no member of the Group has any plans or proposals which
relate to, or could result in, any of the matters referred to in paragraphs (b)
through (j), inclusive, of Item (4) of Schedule 13D. Members of the Group may,
at any time and from time to time, review or reconsider their positions and
formulate plans or proposals with respect thereto.
Item 5. Interest in Securities of the Issuer
The percentages used in this Schedule 13D are calculated based upon the
number of outstanding shares of Common Stock, 5,178,783, reported as the number
of outstanding shares as of March 31, 2002, on a Form 10-QSB for the period
ended March 31, 2002. All purchases and sales of Common Stock reported herein
were made in private transactions.
(A) Augustine Capital
(a)-(b) See cover page.
(c) Augustine Capital has effected no transactions in the Common Stock
during the past sixty days (other than through Augustine Fund).
(d) Decisions regarding the Common Stock with respect to Augustine
Capital, the general partner of Augustine Fund, are made by the
controlling members, directors and officers of Augustine Capital,
all of whom are John T. Porter, Brian D. Porter, Thomas Duszynski,
and David M. Matteson.
(e) N/A.
(B) Augustine Fund
(a)-(b) See cover page.
(c) Augustine Fund has effected no transactions in the Common Stock
during the past sixty days.
CUSIP No. 51827W103 Page 11 of 14 Pages
(d) Decisions regarding the Common Stock with respect to Augustine
Fund, the general partner of which is Augustine Capital, are made
by the controlling members, directors and officers of Augustine
Capital, all of whom are John T. Porter, Brian D. Porter, Thomas
Duszynski, and David M. Matteson.
(e) N/A.
(C) John T. Porter
(a)-(b) See cover page.
(c) John T. Porter has effected no transactions in the Common Stock
(other than through Augustine Fund).
(d) N/A.
(e) N/A.
(D) Brian D. Porter
(a)-(b) See cover page.
(c) Brian D. Porter has effected no transactions in the Common Stock
during the past sixty days.
(d) N/A.
(e) N/A.
(E) Thomas Duszynski
(a)-(b) See cover page.
(c) Thomas Duszynski has effected no transactions in the Common Stock
(other than through Augustine Fund).
(d) N/A.
(e) N/A.
(F) David M. Matteson
(a)-(b) See cover page.
CUSIP No. 51827W103 Page 12 of 14 Pages
(c) David M. Matteson has effected no transactions in the Common Stock
during the past sixty days.
(d) N/A.
(e) N/A.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Delano Group Securities LLC, a Delaware limited liability company
formerly owned by certain of the Augustine Entities, earlier entered into an
agreement with the Issuer to provide placement and investment banking services
to the Issuer, pursuant to which it received warrants to purchase 1.5 million
shares of Common Stock at $1.75 per share. A copy of that warrant agreement is
attached as Exhibit 2. The warrants granted to Delano Group Securities LLC were
cancelled by mutual agreement with the Issuer on February 21, 2002. Other than
that Agreement, the Joint Filing Agreement filed as Exhibit 1 to this filing and
as described elsewhere in this Schedule 13D, there are no contracts,
arrangements, understandings or relationships among the persons named in Item 2
hereof and between such persons and any person with respect to any securities of
the Issuer.
Item 7. Material to be Filed as Exhibits
No. Description
--- -----------
1 Joint Filing Agreement.
2 Form of Warrant Agreements entered into between the Issuer and
each of Devenshire Management, Alliance, David M. Matteson and
Delano Group Securities LLC.*
3 Copy of the Issuer's 6% Convertible Debentures, due June 13,
2001.*
---------------------
*Filed with the Original 13D.
CUSIP No. 51827W103 Page 13 of 14 Pages
SIGNATURES
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.
Date: August 22, 2002
AUGUSTINE FUND, L.P.
By: AUGUSTINE CAPITAL MANAGEMENT, LLC
General Partner
By: /s/ John T. Porter
John T. Porter, President
AUGUSTINE CAPITAL MANAGEMENT, LLC
By: /s/ John T. Porter
John T. Porter, President
By: /s/ Thomas Duszynski
Thomas Duszynski
By: /s/ David M. Matteson
David M. Matteson
By: /s/ Brian D. Porter
Brian D. Porter
By: /s/ John T. Porter
John T. Porter