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
Under the Securities Exchange Act of 1934
(Amendment No. INITIAL FILING)*
Bowflex, Inc. (BFX Ticker Symbol)
(Name of Issuer)
Common Stock
(Title of Class of Securities)
63910B102
(CUSIP Number)
Pathik Rami, 1711 Monkton Farms Drive, Monkton, Maryland 21111
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
10/31/2023
(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
that is the subject of this Schedule 13D, and is filing this
schedule because of ??240.13d-1(e)
, 240.13d-1(f) or 240.13d-1(g), check the following box. ?
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 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
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).
CUSIP No. 63910B102
13D
Page 2 of 3 Pages
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF
ABOVE PERSONS (ENTITIES ONLY) Safe Asset Group, Limited
Partnership
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ?
(b) ?X
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
PF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ?
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Alaska, United States of America
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
1,760,367
8.
SHARED VOTING POWER
0
9.
SOLE DISPOSITIVE POWER
1,760,367
10.
SHARED DISPOSITIVE POWER
0
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,760,367
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
(see instructions) ?
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.44% of common stock of Bowflex, Inc.
14.
TYPE OF REPORTING PERSON (see instructions)
PN
CUSIP No. 63910B102
13D
Page 2 of 3 Pages
Item 1. Security and Issuer.
This filing relates to common stock of Bowflex, Inc., formerly
Nautilus, Inc. , 16400 S.E. Nautilus Drive, Vancouver,
Washington, 98683.
Item 2. Identity and Background.
Safe Asset Management, Limited Partnership is an Alaska limited
partnership
established in 2018 with a principal place of business in
Baltimore County, Maryland.
That place is being changed to 1711 Monkton Farms Drive,
Monkton, Maryland, 21111.
The principal business of Safe Asset is asset management.
The general partner of Safe Asset is Pathik Rami, address at
1711 Monkton Farms Drive, Monkton, MD 21111. His principal
business is entrepreneur, done through Safe Asset Managment.
Neither Safe Asset nor Mr. Rami has any convictions relevant to
this filing.
Neither Safe Asset nor Mr. Rami is, nor has been in the last
five years, party to
any proceedings or order or decree relating any federal or state
securities laws. Mr. Rami is a United States citizen.
Item 3. Source or Amount of Funds or Other Consideration.
The price of the securities varied as they were purchased over
time with funds coming from the personal funds of Safe Asset
Management. The total acquisition cost was $2,054, 124.
Item 4. Purpose of Transaction.
Safe Asset Management has no current intention of seeking to
take control of Bowflex, Inc. but does intend to seek to make
Bowflex, Inc. profitable over the long term. Safe Asset
Management may buy additional shares or sell the shares
acquired. It has no plans to effect any action which relate to
or would result in an extraordinary corporate transaction, such
as a merger, reorganization or liquidation, involving the issuer
or any of its subsidiaries. Safe Asset Management has no plans
which relate to or would result in sale of a material amount of
assets of issuer or its subsidiaries, any change in the present
board of directors or management of the issuer, including any
plans or proposals to change the number or term of directors or
to fill any existing vacancies on the board, although as a five
percent shareholder Safe Asset Management may seek a place on
the board of directors, nor to cause any material change in the
present capitalization or dividend policy of the issuer; nor
does Safe Asset Management seek any other material change in the
issuer's business or corporate structure, including but not
limited to, if the issuer is a registered closed-end investment
company, any plans or proposals to make any changes in its
investment policy for which a vote is required by section 13 of
the Investment Company Act of 1940; nor does Safe Asset
Management seek changes in the issuer's charter, bylaws or
instruments corresponding thereto or other actions which may
impede the acquisition of control of the issuer by any person;
nor does Safe Asset Management seek or intend causing a class of
securities of the issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted in
an inter-dealer quotation system of a registered national
securities association; nor does Safe Asset seek to cause a
class of equity securities of the issuer becoming eligible for
termination of registration pursuant to section 12(g)(4) of the
Act; nor any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
Safe Asset Management now owns 1,760,367 shares in Bowflex, Inc.
This represents 5.44% of common stock of Bowflex, Inc. All
shares are beneficially owned by Safe Asset Management and were
bought for that purpose. Copies of Purchase records attached
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
None
Item 7. Material to Be Filed as Exhibits.
None other than acquisition record
CUSIP No. 63910B102
13D
Page 3 of 3 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.
COMPANY NAME SAFE ASSET
MANAGEMENT, LIMITED
PARTNERSHIP
Pathik Rami /s/
General Partner
Date