Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
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)
YACHT
FINDERS, INC.
(Name
of
Issuer)
COMMON STOCK, PAR VALUE $0.0001
(Title
of
Class of Securities)
U98424
10
1
(CUSIP
Number)
Fountainhead
Capital Management Limited
1
Portman
House, Hue Street
St.
Helier, Jersey, Channel Islands JE4 5RP
+44
(0)1534 630112
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
November
6, 2007
(Date
of
Event which Requires Filing Statement on Schedule 13D)
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(e), 13d-1(f) or 13d-1(g), check the following box o .
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1.
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NAMES
OF REPORTING PERSONS
IRS
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Fountainhead
Capital Management Limited
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2.
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
o
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3.
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SEC
USE ONLY
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4.
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SOURCE
OF FUNDS
WC
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5.
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(e)
or 2(f) o
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6.
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Jersey,
Channel Islands
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
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7.
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SOLE
VOTING POWER 4,350,500 (1)
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8.
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SHARED
VOTING POWER 0
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9.
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SOLE
DISPOSITIVE POWER 4,350,500 (1)
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10.
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SHARED
DISPOSITIVE POWER 0
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11.
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,350,500(1)
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12.
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES o
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13.
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
83.68%
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14.
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TYPE
OF REPORTING PERSON
CO
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Notes:
(1)
These
holdings are comprised of (i) 4,250,000 shares restricted common stock and
(ii)
100,500 shares unrestricted common stock.
Item
1. Security and Issuer
The
name
of the issuer is Yacht Finders, Inc., a Delaware corporation (the “Company”),
which has its principal executive offices at 122 Ocean Park Blvd. Suite 307,
Santa Monica, CA 90405. This statement relates to the Company’s common stock,
$0.0001 par value per share.
Item
2. Identity and Background.
(a)-(f).
This Schedule 13D is being filed by Fountainhead Capital Management Limited,
a
Jersey corporation which has its principal executive offices at 1 Portman House,
Hue Street, St. Helier, Jersey, Channel Islands, JE4 5RP (the “Reporting
Person”).
During
the last five years, the Reporting Person has not been (A) convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors)
or
(B) 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.
Item
3. Source and Amount of Funds or Other Consideration.
On
November 6, 2007, Yacht Finders, Inc., a Delaware corporation (the “Company”),
Geoffrey Greenwood, the record holder of approximately 96.2% of the Company’s
issued and outstanding common stock (the “Seller”), entered into that certain
Stock Purchase Agreement (the “Stock Purchase Agreement”) with Fountainhead
Capital Management Limited (who was also acting on behalf of La Pergola
Investments Limited) (the “Purchasers”), pursuant to which the Sellers agreed to
sell to the Purchasers 5,000,000 shares of the Company’s common stock for a
purchase p
rice of $512,500. At the same time, the Purchasers entered into
separate Stock Purchase Agreements with seven other shareholders of the Company
whereby they acquired an additional 130,000 shares for an aggregate additional
consideration of $37,500 (these 5,130,000 shares are hereinafter referred to
as
the “Shares”). The sale represents a change of control of the Company and the
Shares acquired by the Purchasers represent approximately 98.7% of the issued
and outstanding capital stock of the Company calculated on a fully-diluted
basis. The Shares were then issued as follows: Fountainhead Capital Management
Limited - 4,350,500 shares; La Pergola Investments Limited - 769,500 shares
and
Gregory Sichenzia - 10,000 shares. The Stock Purchase Agreements are more fully
described in a current report on Form 8-K filed by Company on November 13,
2007.
The sale represents a change of control of the Company and the shares acquired
by the Purchasers represent approximately 98.7% of the issued and outstanding
capital stock of the Company calculated on a fully-diluted basis.
Item
4. Purpose of Transaction.
The
Reporting Person has acquired its holdings from Fountainhead concurrent with
Fountainhead’s purchase of the Shares pursuant to the Stock Purchase Agreements
as described in Item 3 above. In connection with the Stock Purchase Agreements,
there were changes to Company’s board of directors which were more fully
described in the Form 8-K referenced above.
Except
as
set forth in this Schedule 13D and the Form 8-K referred to above, the Reporting
Person has made no proposals, and has entered into no agreements, which would
be
related to or would result in any of the events or matters described in part
(a)
through (j) of Item 4 of Schedule 13D.
Item
5. Interest in Securities of the Issuer.
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(a)
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The
Reporting Person is the beneficial owner of 4,350,500 shares, representing
approximately 83.68% of the outstanding shares on a fully diluted
basis.
The Reporting Person does not own any other securities of the
Company.
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(b)
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The
Reporting Person has the sole power to vote and dispose of the 4,350,500
shares.
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(c)
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The
Reporting Person did not effect any transactions in the issuer’s
securities within the past 60 days.
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(d)
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No
other person is known to have the right to receive or the power to
direct
the receipt of dividends from, or the proceeds from the sale of,
the
Reporting Person’s securities.
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(e)
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Not
applicable.
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Item
6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
Except
as
disclosed herein and in the current report on Form 8-K filed by Company on
November 13, 2007, there are no contracts, arrangements, understandings or
relationships (legal or otherwise) among the Reporting Person and any other
person with respect to any securities of the issuer, including, but not limited
to transfer or voting of any of the securities, finder’s fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits, division
of
profits or loss, or the giving or withholding of proxies.
Item
7. Material to be Filed as Exhibits.
None.
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.
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Date:
November 15, 2007
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/s/ Gisele
Le Miere
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Gisele
Le Miere, Director
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/s/
Carole Dodge
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Carole
Dodge, Director
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