Schedule 13G Amendment No. 1

 

 

 

OMB APPROVAL

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

 

Enteromedics Incorporated

(Name of Issuer)

 

 

 

Common Stock

(Title of Class of Securities)

 

29365M208

(CUSIP Number)

 

March 31, 2011

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

 

*   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 (“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).

Potential persons who are to 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.

 

 

 


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Advisors, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    3,632,600 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    3,632,600 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    3,632,600 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    12.28% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    IA

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 2 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Multi-Strategy Advisors, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    2,279,521 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    2,279,521 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,279,521 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    7.70% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    IA

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 3 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Multi-Strategy Partners, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    British Virgin Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    2,279,521 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    2,279,521 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,279,5217 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    7.70% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 4 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Multi-Strategy Fund, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    2,279,521 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    2,279,521 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,279,521 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    7.70% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 5 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Multi-Strategy Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    British Virgin Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    2,279,521 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    2,279,521 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    2,279,521 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    7.70% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 6 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Small Cap Long Short Equity Advisors, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    358,813 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    358,813 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    358,813 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    1.21% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    IA

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 7 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Small Cap Long Short Equity Partners LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    British Virgin Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    358,813 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    358,813 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    358,813 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    1.21% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 8 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Small Cap Long Short Equity Fund LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    358,813 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    358,813 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    358,813 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    1.21% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 9 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Whitebox Small Cap Long Short Equity Fund Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    British Virgin Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    358,813 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    358,813 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    358,813 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    1.21% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 10 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Pandora Select Advisors, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    742,858 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    742,858 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    742,858 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    2.51% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    IA

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 11 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Pandora Select Partners LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    British Virgin Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    742,858 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    742,858 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    742,858 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    2.51% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 12 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Pandora Select Fund, LP

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    742,858 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    742,858 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    742,858 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    2.51% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 13 of 17  


CUSIP No. 29365M208    13G   

 

  1   

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Pandora Select Fund, Ltd

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    British Virgin Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

     

SOLE VOTING POWER

 

    0

   6   

SHARED VOTING POWER

 

    742,858 (See item 4)

   7   

SOLE DISPOSITIVE POWER

 

    0

   8   

SHARED DISPOSITIVE POWER

 

    742,858 (See item 4)

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    742,858 (See item 4)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    2.51% (See item 4)

12

 

TYPE OF REPORTING PERSON*

 

    PN

 

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 14 of 17  


CUSIP No. 29365M208    13G   

 

Item 1.  

(a)

   Name of Issuer      
     Enteromedics Incorporated      
 

(b)

   Address of Issuer’s Principal Executive Offices      
    

2800 Patton Road

St Paul, MN 55113

     
Item 2.  

(a)

   Name of Person Filing      
     This statement is filed by:      
 

(i)

   Whitebox Advisors, LLC, a Delaware limited liability company (“WA”);      
 

(ii)

   Whitebox Multi-Strategy Advisors, LLC, a Delaware limited liability company (“WMSA”);      
 

(iii)

   Whitebox Multi-Strategy Partners, L.P., a British Virgin Islands limited partnership (“WMSP”);      
 

(iv)

   Whitebox Multi-Strategy Fund, L.P., a Delaware limited partnership (“WMSFLP”);      
 

(v)

   Whitebox Multi-Strategy Fund, Ltd., a British Virgin Islands international business company (“WMSFLTD”);      
 

(vi)

   Whitebox Small Cap Long Short Equity Advisors, LLC, a Delaware limited liability company (“WSCLSEA”);      
 

(vii)

   Whitebox Small Cap Long Short Equity Partners, L.P., a British Virgin Islands limited partnership (“WSCLSEP”);      
 

(viii)

   Whitebox Small Cap Long Short Equity Fund, L.P., a Delaware limited partnership (“WSCLSEFLP”);      
 

(ix)

   Whitebox Small Cap Long Short Equity Fund, Ltd., a British Virgin Islands international business company (“WSCLSEFLTD”);      
 

(x)

   Pandora Select Advisors, LLC, a Delaware limited liability company (“PSA”);      
 

(xi)

   Pandora Select Partners, L.P., a British Virgin Islands limited partnership (“PSP”);      
 

(xii)

   Pandora Select Fund, L.P., a Delaware limited partnership (“PSFLP”);      
 

(xiii)

   Pandora Select Fund, Ltd., a British Virgin Islands international business company (“PSFLTD”);      
 

(xiv)

   HFR RVA Combined Master Trust, a Bermuda limited partnership (“HFR”);      
 

(b)

   Address of Principal Business Office or, if none, Residence      
     The address of the business office of WA, WMSA, WMSFLP, WSCLSEA, WSCLSEFLP, PSA, and PSFLP is:      
    

3033 Excelsior Boulevard

Suite 300

Minneapolis, MN 55416

     
    

The address of the business office of WMSP, WMSFLTD, WSCLSEP, WSCLSEFLTD, PSP,

and PSFLTD is:

     
    

Trident Chambers, P.O. Box 146

Waterfront Drive, Wickhams Cay

Road Town, Tortola, British Virgin Islands

     
     The address of the business office of HFR is:      
    

HFR RVA Combined Master Trust

65 Front Street

Hamilton, HM 11, Bermuda

     
 

(c)

   Citizenship      
     WA, WMSA, WMSFLP, WSCLSEA, WSCLSEFLP, PSA, and PSFLP are organized under the laws of the State of Delaware; WMSP, WMSFLTD, WSCLSEP, WSCLSEFLTD, PSP, and PSFLTD are organized under the laws of the British Virgin Islands; HFR is organized under the laws of Bermuda.      
 

(d)

   Title of Class of Securities      
     Common Stock      
 

(e)

   CUSIP Number      
     29365M208      
Item 3.   If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:   
  (a)    ¨    Broker or dealer registered under section 15 of the Act.
  (b)    ¨    Bank as defined in section 3(a)(6) of the Act.
  (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act.
  (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940.
  (e)    x    An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).
  (f)    ¨    An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).
  (g)    ¨    A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
  (h)    ¨    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
  (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.
  (j)    ¨    Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 15 of 17  


CUSIP No. 29365M208    13G   

 

Item 4.    Ownership      
   (a)    Amount Beneficially Owned      
     

WA, acting as an investment adviser to its client, is deemed to be the beneficial owner of 3,632,600 shares of Common Stock of the Company.

 

WMSA, is deemed to beneficially own 2,279,521 Shares of Common Stock of the company.

 

WMSP is deemed to beneficially own 2,279,521 shares of Common Stock as a result of its ownership of

Common Stock of the company

 

WMSFLP is deemed to beneficially own 2,279,521 shares of Common Stock as a result of its indirect ownership of Warrants and Common Stock of the company

 

WMSFLTD is deemed to beneficially own 2,279,521 shares of Common Stock as a result of its indirect ownership of Warrants and Common Stock of the company

 

WSCLSEA is deemed to beneficially own 358,813 shares of Common Stock of the company.

 

WSCLSEP is deemed to beneficially own 358,813 shares of Common Stock as a result of its ownership of Common Stock of the company

 

WSCLSEFLP is deemed to beneficially own 358,813 shares of Common Stock as a result of its indirect ownership of Warrants and Common Stock of the company

 

WSCLSEFLTD is deemed to beneficially own 358,813 shares of Common Stock as a result of its indirect ownership of Warrants and Common Stock of the company

 

PSA, is deemed to beneficially own 742,858 Shares of Common Stock of the company.

 

PSP is deemed to beneficially own 742,858 shares of Common Stock as a result of its ownership of Common Stock of the company

 

PSFLP is deemed to beneficially own 742,858 shares of Common Stock as a result of its indirect ownership of Warrants and Common Stock of the company

 

PSFLTD is deemed to beneficially own 742,858 shares of Common Stock as a result of its indirect ownership of Warrants and Common Stock of the company

 

HFR, is deemed to beneficially own 251,408 Shares of Common Stock as a result of its ownership of

Common Stock of the company.

 

As a result of the relationship described in this statement, each of WA, WMSA, WMSFLP, WMSFLTD, WSCLSEA, WSCLSEFLP, WSCLSEFLTD, PSA, PSFLP, and PSFLTD may be deemed to possess indirect beneficial ownership of the shares of Common Stock beneficially owned by each of WMSP, WSCLSEP, PSP, and HFR.

 

WA, WMSA, WMSFLP, WMSFLTD, WSCLSEA, WSCLSEFLP,WSCLSEFLTD, PSA, PSFLP, and PSFLTD each disclaim indirect beneficial ownership of the shares of Common Stock except to the extent of their pecuniary interest in such shares.*

 

Based on the relationships described herein, these entities may be deemed to constitute a “group” within the meaning Of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934. The filing of this statement shall not be construed as An admission that WA, WMSA,WMSP, WMSFLP, WMSFLTD, WSCLSEA, WSCLSEP, WSCLSEFLP,WSCLSEFLTD, PSA, PSP, PSFLP, PSFLTD, and HFR are a group, Or have agreed to act as a group.*

     
   (b)    Percent of Class      
      WA beneficially owns 12.28 % of the company’s Common Stock.*      
      WMSA is deemed to beneficially own 7.70 % of the company’s Common Stock      
      WMSP is deemed to beneficially own 7.70 % of the company’s Common Stock      
      WMSFLP is deemed to beneficially own 7.70 % of the company’s Common Stock      
      WMSFLTD is deemed to beneficially own 7.70 % of the company’s Common Stock      
      WSCLSEA is deemed to beneficially own 1.21 % of the company’s Common Stock      
      WSCLSEP is deemed to beneficially own 1.21 % of the company’s Common Stock      
      WSCLSEFLP is deemed to beneficially own 1.21 % of the company’s Common Stock      
      WSCLSEFLTD is deemed to beneficially own 1.21 % of the company’s Common Stock      
      PSA is deemed to beneficially own 2.51 % of the company’s Common Stock      
      PSP is deemed to beneficially own 2.51 % of the company’s Common Stock      
      PSFLP is deemed to beneficially own 2.51 % of the company’s Common Stock      
      PSFLTD is deemed to beneficially own 2.51 % of the company’s Common Stock      
      HFR beneficially owns 0.85 % of the company’s Common Stock.*      
     

The percentage of Common Stock reportedly owned by each entity herein is based on 27,892,000 shares of outstanding Common Stock of the Company, which is the total number of shares issued and outstanding

on February 28th, 2011.

     
   (c)    Number of shares as to which such person has:      
      (i)    Sole power to vote or to direct the vote      
         0      
      (ii)    Shared power to vote or to direct the vote      
         WA has shared voting power with respect to 3,632,600 shares of the Issuer’s Common Stock.      
         WMSA, WMSP, WMSFLP, and WMSFLTD, have shared voting power with respect to 2,279,521 Shares of the Company’s Common Stock.      
         WSCLSEA, WISCLSEP, WSCLSEFLP, and WSCLSEFLTD have shared voting power with respect to 358,813 Shares of the Company’s Common Stock.      
        

PSA, PSP, PSFLP, and PSFLTD have shared voting power with respect to 742,858 Shares of the

Company’s Common Stock.

     
      (iii)    Sole power to dispose or to direct the disposition of      
         0      
      (iv)    Shared power to dispose or to direct the disposition of      
         WA has shared voting power with respect to 3,632,600 shares of the Issuer’s Common Stock.      
         WMSA, WMSP, WMSFLP, and WMSFLTD, have shared voting power with respect to 2,279,521 Shares of the Company’s Common Stock.      
         WSCLSEA, WISCLSEP, WSCLSEFLP, and WSCLSEFLTD have shared voting power with respect to 358,813 Shares of the Company’s Common Stock.      
        

PSA, PSP, PSFLP, and PSFLTD have shared voting power with respect to 742,858 Shares of the

Company’s Common Stock.

     
Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d3(d)(1).      
Item 5.    Ownership of Five Percent or Less of a Class   
   If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨*.   
Instruction. Dissolution of a group requires a response to this item.
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.      
   Not Applicable.      
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
   Not Applicable
Item 8.    Identification and Classification of Members of the Group      
   See Item 2      
Item 9.    Notice of Dissolution of Group      
   Not Applicable      
Item 10.    Certification      

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 16 of 17  


CUSIP No. 29365M208    13G   

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.

 

04/04/11

Date

/s/ Jonathan D. Wood

Signature

Jonathan D. Wood as Chief Financial Officer of Whitebox Advisors, LLC.

Name/Title

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.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

 

   ** SEE INSTRUCTION BEFORE FILLING OUT **  
SEC 1745 (2-02)     
   Page 17 of 17