SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
5B Technologies Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.04 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
338283104
(CUSIP Number)
--------------------------------------------------------------------------------
January 7, 2002
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] 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).
CUSIP No. 338283104 13G Page 2 of 7 Pages
________________________________________________________________________________
1. Name of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
La Vista Investors, LLC
I.R.S. # 52-2225419
________________________________________________________________________________
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Citizenship or Place of Organization
State of Delaware
________________________________________________________________________________
5. Sole Voting Power
NUMBER OF 0
SHARES _________________________________________________________________
BENEFICIALLY 6. Shared Voting Power
OWNED BY 312,247 (see item 4)
EACH _________________________________________________________________
REPORTING 7. Sole Dispositive Power
PERSON 0
WITH: _________________________________________________________________
8. Shared Dispositive Power
312,247 (see item 4)
________________________________________________________________________________
9. Aggregate Amount Beneficially Owned by Each Reporting Person
312,247 (see item 4)
________________________________________________________________________________
10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [_]
________________________________________________________________________________
11. Percent of Class Represented by Amount in Row (9)
9.99%
________________________________________________________________________________
12. Type of Reporting Person (See Instructions)
OO
________________________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 7 pages
CUSIP No. 338283104 13G Page 3 of 7 Pages
________________________________________________________________________________
1. Name of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
WEC Asset Management LLC
________________________________________________________________________________
2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC Use Only
________________________________________________________________________________
4. Citizenship or Place of Organization
State of Delaware
________________________________________________________________________________
5. Sole Voting Power
NUMBER OF 0
SHARES _________________________________________________________________
BENEFICIALLY 6. Shared Voting Power
OWNED BY 312,247 (see item 4)
EACH _________________________________________________________________
REPORTING 7. Sole Dispositive Power
PERSON 0
WITH: _________________________________________________________________
8. Shared Dispositive Power
312,247 (see item 4)
________________________________________________________________________________
9. Aggregate Amount Beneficially Owned by Each Reporting Person
312,247 (see item 4)
________________________________________________________________________________
10. Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [_]
________________________________________________________________________________
11. Percent of Class Represented by Amount in Row (9)
9.99%
________________________________________________________________________________
12. Type of Reporting Person (See Instructions)
OO
________________________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 7 pages
Item 1(a) Name of Issuer
--------------------------------
5B Technologies Corporation ("Company")
Item 1(b) Address of Issuer's Principal Executive Offices
-----------------------------------------------------------------
100 Sunnyside Blvd.
Woodbury, NY 11797
Item 2(a) Name of Person Filing
---------------------------------------
La Vista Investors, LLC ("La Vista")
WEC Asset Management LLC ("WEC")
Item 2(b) Address of Principal Business Office or, if none, Residence
-----------------------------------------------------------------------------
Address of principal business office of each of La Vista and
WEC is:
110 Colabaugh Pond Road
Croton-on-Hudson, NY 10520
Item 2(c) Citizenship
-----------------------------
La Vista and WEC are Delaware limited liability companies.
Item 2(d) Title of Class of Securities
----------------------------------------------
Common Stock, par value $0.04 per share
Item 2(e) CUSIP Number
------------------------------
338283104
Item 3 Not applicable.
---------------------------------
Item 4 Ownership
---------------------------
(a) and (b)
La Vista beneficially owns 312,247 shares of Common Stock,
representing approximately 9.99% of the total outstanding
shares of Common Stock. This includes 280,000 shares of Common
Stock and a portion of 300,000 shares of Common Stock
currently issuable to La Vista upon the exercise of a certain
warrant issued to it by the Company. The holder of such
warrants is prohibited from exercising them to acquire shares
of Common Stock to the extent that such acquisition would
result in such holder, together with any affiliate thereof,
beneficially owning in excess of 9.999% of the outstanding
shares of Common Stock following such acquisition. This
restriction may be waived by the holder of such securities on
not less than 61 days' notice to the Company. WEC, as the
Manager of La Vista, has shared voting and dispositive power
over the shares held by La Vista and may be deemed to be the
beneficial owner of such shares.
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 [ ].
Page 4 of 7 pages
Item 6 Ownership of More than Five Percent of 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
--------------------------------------------------------------------------------
Not applicable.
Item 8 Identification and Classification of Members of the Group
---------------------------------------------------------------------------
Not applicable.
Item 9 Notice of Dissolution of Group
------------------------------------------------
Not applicable.
Item 10 Certification
-------------------------------
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above 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.
Page 5 of 7 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.
February 19, 2002 LA VISTA INVESTORS, LLC
By: WEC Asset Management LLC, its Manager
By: /s/ Daniel Saks
----------------------------------------
Name: Daniel Saks
Title: Managing Director
February 19, 2002 WEC ASSET MANAGEMENT LLC
By: /s/ Daniel Saks
----------------------------------------
Name: Daniel Saks
Title: Managing Director
Page 6 of 7 pages
Exhibit I
---------
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) promulgated pursuant to the
Securities Exchange Act of 1934, as amended, the undersigned agree that the
attached Schedule 13G is being filed on behalf of each of the undersigned.
February 19, 2002 LA VISTA INVESTORS, LLC
By: WEC Asset Management LLC, its Manager
By: /s/ Daniel Saks
-------------------------------------
Name: Daniel Saks
Title: Managing Director
February 19, 2002 WEC ASSET MANAGEMENT LLC
By: /s/ Daniel Saks
-------------------------------------
Name: Daniel Saks
Title: Managing Director
Page 7 of 7 pages