United States
Securities and Exchange Commission
Washington DC 20549
Schedule 13D/A
Amendment No. 1
Under the Securities and Exchange Act of 1934
Pelican Financial Inc.
(Name of Issuer)
Common Stock (No Par Value)
Title of Class of Securities
705808103 (CUSIP Number)
Thomas G. Berlin
Berlin Financial,Ltd.
1325 Carnegie Ave, Cleveland,OH 44115
(216) 479.0400
Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 1,2005
(Date of Event Which Requires Filing of this Statement)
If this filing person has previously filed a statement on Schedule 13G to
report this 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 / /.
Note: Six copies of this statement, including all exhibits should be
filed with the Commission. See Rule 13d-1 (a) 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 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).
1 Name of Reporting Person Thomas G. Berlin
2 If a member group a) / /
b) /X/
3 SEC Use only
4 Source of Funds AF
5 Check if Disclosure
6 Citizenship USA
Number of Shares 7 Sole Voting 0
Beneficially
Owned By Each Shared Voting 278,760
Reporting Person
With 9 Sole Dispositive 0
10 Shared Dispositive 278,760
11 Aggregate Amount Beneficially owned 278,760
12 Check if Aggregate Amount (11) Excludes Certain Shares
13 Percent of Class Represented by amount in row (11) 6.2%
14 Type of Reporting Person IA, IN
Item 1. Security and Issuer
CUSIP 705808103
Pelican Financial Inc.
3767 Ranchero Drive
Ann Arbor, MI 48108
Phone: 734-662-9733
Item 2. Identity and Background.
(a) The name of the reporting person is Thomas G. Berlin.
(b) The Reporting person's address is Berlin Financial, Ltd.,
1325 Carnegie Ave, Cleveland, OH 44115
(c) The Reporting Person's occupation is managing member;investment
advisor;Berlin Financial,Ltd., 1325 Carnegie Ave, Cleveland, OH 44115.
(d) None
(e) None
(f) United States of America
Item 3. Source and Amount of Funds or Other Consideration.
Capital Shares (as defined in Item 4) were purchased using funds of Berlin
Capital Growth, L.P. The Reporting Person is the managing member of the
General Partner of Berlin Capital Growth, L.P.
The Trading Shares (as defined in Item 4) were purchased using
funds of Berlin Trading, L.P. The Reporting Person is the managing member
of the General Partner of Berlin Trading, L.P.
The Privately Managed Shares (as defined in Item 4) were purchased using
funds of each respective account holder. The Reporting Person is the
managing member of the Privately Managed Accounts.
Item 4. Purpose of Transaction.
The Reporting Person purchased certain shares (the "Capital Shares")
in his capacity as the managing member of the General Partner of Berlin
Capital Growth, L.P. and for the account of Berlin Capital Growth, L.P.
Capital Shares were purchased and sold solely for investment purposes.
The Reporting Person purchased and sold certain shares (the " Trading
Shares") in his capacity as the managing member of the General Partner
of Berlin Trading, L.P. and for the account of Berlin Trading, L.P.
Trading Shares were purchased and sold solely for investment purposes.
The Reporting Person purchased and sold certain shares (the "Privately
Managed Shares") in his capacity as the managing member of the Privately
Managed Accounts. Privately Managed Shares were purchased and sold
solely for investment purposes.
Item 5. Interest in Securities of the Issuer
(a) The aggregate amount owned by the Reporting Person is
278,760 shares or 6.2% of the outstanding shares.
(b)
Shares Percentage
Sole Voting Power 0 0%
Shared Voting Power 278,760 6.2%
Sole Dispositive Power 0 0%
Shared Dispositive Po 278,760 6.2%
The reporting Person shares voting and dispositive power with the
following clients in the following amounts: Berlin Capital Growth, L.P.,
82,000 shares;Berlin Trading, L.P.,0 shares;Privately Managed Accounts,
196,760 shares.
The address of Berlin Capital Growth, L.P., Berlin Trading, L.P. and the
Privately Managed Accounts is c/o the Reporting Person. There is no
proceedings required to be disclosed with respect to any person sharing
beneficial ownership with the Reporting Person.
(c) On the following dates, the Reporting Person purchased and/or
sold the following numbers of shares for the prices per share set forth
below. Each such purchase or sale occurred through a customary broker
transaction.
BERLIN CAPITAL GROWTH
Date Shares Price/Share Sold or Bought
03/24/2004 3000 5.32 B
03/25/2004 10600 5.05 B
03/25/2004 36500 5.02 B
03/31/2004 -7000 5.32 S
04/01/2004 -7200 5.75 S
04/01/2004 -1000 6.03 S
04/01/2004 -1000 6.00 S
04/02/2004 -2400 6.00 S
04/06/2004 3600 5.75 B
04/07/2004 7200 5.66 B
04/16/2004 10800 5.49 B
04/19/2004 5400 5.26 B
04/20/2004 -2400 5.50 S
04/23/2004 600 5.28 B
04/26/2004 2300 5.26 B
04/27/2004 2700 5.22 B
05/03/2004 10800 5.13 B
05/06/2004 7200 5.00 B
05/07/2004 3600 4.93 B
05/10/2004 -2400 5.08 S
05/10/2004 3600 4.88 B
05/14/2004 1200 4.87 B
05/17/2004 3500 4.80 B
05/26/2004 -2400 4.99 S
05/27/2004 -500 5.04 S
06/04/2004 -2400 5.05 S
06/07/2004 -2400 5.10 S
06/08/2004 -2400 5.15 S
06/09/2004 -1200 5.20 S
06/28/2004 -2400 5.23 S
06/29/2004 -2400 5.28 S
07/13/2004 300 5.03 B
06/09/2005 1500 5.95 B
06/15/2005 1000 5.61 B
06/20/2005 -1000 5.76 S
06/21/2005 -1000 5.90 S
06/22/2005 1000 5.85 B
06/23/2005 1000 5.83 B
06/28/2005 100 5.70 B
07/08/2005 -1000 6.14 S
07/12/2005 1000 5.93 B
07/13/2005 -200 6.05 S
07/21/2005 1000 5.90 B
08/01/2005 -1000 6.18 S
08/09/2005 -1000 6.61 S
09/02/2005 1000 6.33 B
09/08/2005 1000 5.60 B
BERLIN TRADING LP
Date Shares Price/Share Sold or Bought
03/16/2004 3000 5.98 B
03/23/2004 1000 5.50 B
03/25/2004 1000 5.00 B
03/30/2004 -2400 5.15 S
03/31/2004 -2600 5.32 S
PRIVATE
Date Shares Price/Share Sold or Bought
03/16/2004 7000 5.99 B
03/23/2004 9000 5.50 B
03/25/2004 10000 5.02 B
03/25/2004 6000 5.02 B
03/25/2004 36500 5.02 B
04/29/2004 1000 5.25 B
05/07/2004 700 5.11 B
05/07/2004 300 5.11 B
05/07/2004 100 5.11 B
05/10/2004 1200 5.11 B
05/10/2004 700 5.11 B
05/12/2004 100 5.05 B
05/12/2004 1900 5.08 B
05/13/2004 800 4.89 B
05/13/2004 1200 4.89 B
06/10/2004 1200 5.05 B
06/17/2004 200 5.05 B
07/12/2004 500 5.14 B
07/12/2004 600 5.14 B
07/14/2004 600 5.05 B
07/14/2004 1800 5.05 B
07/20/2004 2000 5.00 B
07/21/2004 500 5.00 B
08/02/2004 5900 5.06 B
08/02/2004 200 4.95 B
08/05/2004 3200 5.06 B
08/06/2004 1700 5.06 B
08/09/2004 700 5.06 B
08/11/2004 500 5.06 B
08/12/2004 3600 4.93 B
08/17/2004 500 4.95 B
08/17/2004 600 4.95 B
08/17/2004 400 4.95 B
08/17/2004 400 4.95 B
08/17/2004 400 4.95 B
08/17/2004 2300 4.95 B
09/02/2004 5800 4.90 B
09/08/2004 1200 4.90 B
09/10/2004 2900 4.87 B
09/14/2004 4000 4.85 B
09/29/2004 2000 4.82 B
10/01/2004 3600 4.79 B
10/08/2004 7500 4.76 B
10/21/2004 3600 4.94 B
11/05/2004 -1000 5.50 S
11/08/2004 -2000 5.59 S
11/09/2004 -500 5.68 S
11/10/2004 -1000 5.71 S
11/12/2004 -2000 5.80 S
11/17/2004 -2000 5.92 S
01/03/2005 2500 6.03 B
01/03/2005 3500 6.03 B
01/03/2005 500 6.65 B
01/04/2005 1000 6.56 B
01/26/2005 3000 6.70 B
02/09/2005 2500 7.00 B
02/22/2005 1500 7.00 B
02/22/2005 1000 7.00 B
02/25/2005 1000 7.00 B
02/25/2005 700 6.87 B
02/25/2005 2500 7.02 B
02/25/2005 500 6.89 B
03/02/2005 1000 6.70 B
03/14/2005 3000 6.70 B
03/17/2005 1000 6.70 B
04/01/2005 13000 6.58 B
04/28/2005 1000 7.20 B
05/24/2005 20000 6.63 B
06/14/2005 1770 5.80 B
06/17/2005 100 5.62 B
08/04/2005 -800 6.40 S
09/02/2005 2000 6.20 B
09/07/2005 1000 5.88 B
09/07/2005 2000 6.00 B
12/20/2005 1000 6.18 B
d) Not Applicable.
e) Not Applicable
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to the Issuer.
The partners of Berlin Capital Growth, L.P. have the right to
receive distributions of the net assets of Berlin Capital Growth, L.P.
Those net assets include any proceeds from the sale of Capital Shares.
Item 7. Material to be Filed as Exhibits.
Not Applicable.
Signature After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and correct.
Date: September 12, 2005
/s/
Thomas G. Berlin