SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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)
(Amendment No. __________ )(1)
ARC Wireless Solutions, Inc.
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(Name of Issuer)
Common Stock, $0.0005 Par Value
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(Title of Class of Securities)
03878k207
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(CUSIP Number)
Brean Murray Carret Group Inc.
40 West 57th Street
20th Floor
New York, New York 10019
(212) 231-3918
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 22, 2009
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(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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of Pages)
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(1) 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 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._________ 13D Page___ of __ Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Brean Murray Carret Group Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
559,266
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 559,266
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
559,266
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.09%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No._______ 13D Page___ of __ Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Q Management Services (PTC) Ltd., as Trustee of the PQ II Trust and as Trustee
of the PQ III Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 559,266
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
559,266
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
559,266
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.09%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No._______ 13D Page___ of __ Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Phyllis Quasha
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Australia
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7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 559,266
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
559,266
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
559,266
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.09%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No._______ 13D Page___ of __ Pages
________________________________________________________________________________
Item 1. Security and Issuer.
The title of the class of equity securities to which this statement relates is
common stock, $0.0005 par value (the "Common Stock"), of ARC Wireless Solutions,
Inc. (the "Issuer"), whose principal executive offices are located at 210601
West 48 Avenue, Wheat Ridge, Colorado 80033-2660.
________________________________________________________________________________
Item 2. Identity and Background.
This statement on Schedule 13D (the "Statement") is being jointly filed by
each of the following persons (being herein collectively referred to as the
"Reporting Persons") pursuant to Section 13(d) of the Securities Exchange Act of
1934, as amended (the "Act"), with respect to the Common Stock: Brean Murray
Carret Group Inc., a British Virgin Islands company ("Brean"); Q Management
Services (PTC) Ltd., a British Virgin Islands company ("Q Management"), as
Trustee of the PQ II Trust, a trust administered under the laws of the British
Virgin Islands ("PQ II") and as Trustee of the PQ III Trust, a trust
administered under the laws of the British Virgin Islands ("PQ III"); Phyllis
Quasha ("Quasha").
The Reporting Persons are making a single joint filing pursuant to Rule
13d-1(k)(1) of the Act.
The Reporting Persons are filing this Statement because they may be deemed to be
a "group" within the meaning of Section 13(d)(3) of the Act, with respect to the
transaction described in Item 4 of this Statement. Except as expressly otherwise
set forth in this Statement, each Reporting Person disclaims beneficial
ownership of the shares of Common Stock beneficially owned by any other
Reporting Person or any other person.
Q Management, as Trustee of PQ II and as Trustee of PQ III, owns all of the
capital stock of Brean. Vicali Services (BVI) Inc., a British Virgin Islands
company ("Vicali"), is the sole director of Brean, and Susan V. Demers, a United
States citizen ("Demers"), and Andrea J. Douglas, a citizen of New Zealand
("Douglas"), are the directors of Vicali. Q Management is the sole trustee of
each of PQ II and PQ III. Each of PQ II and PQ III are revocable trusts. Vicali
is the sole director of Q Management. Quasha, an Australian citizen, is the
settlor of each of PQII and PQIII and, as such, is in a position, indirectly, to
determine the investment and voting positions made by Brean.
The principal business address and principal business or occupation of
each Reporting Person is as follows:
Name and Business Address Principal Business or Occupation
Brean Murray Carret Group Inc. Investment holding company
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
PQ II Trust Trust
Q Management Services (PTC) Ltd., as Trustee
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
PQ III Trust Trust
Q Management Services (PTC) Ltd.,as Trustee
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
Q Management Services (PTC) Ltd. Private trust company
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
Phyllis Quasha Retired
Lyford Suites
Suite 12
Lyford Cay Club
Nassau, New Providence
The Bahamas
Vicali Services (BVI) Inc. Company administration
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
Susan V. Demers Attorney
Tropic Isle Building
P.O. Box 3331
Road Town, Tortola
British Virgin Islands VG 1110
Andrea J. Douglas Accountant
Tropic Isle Building
P.O. Box 3443
Road Town, Tortola
British Virgin Islands VG 1110
During the past five years, no Reporting Person and, to the knowledge of
the Reporting Persons, none of the executive officers or directors of the
Reporting Persons, if applicable, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or has been 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.
As described in Item 5(c) below, Brean Murray purchased the 76,524 shares
of Common Stock for an aggregate purchase price of $158,462.19 and financed the
purchase through cash on hand.
________________________________________________________________________________
Item 4. Purpose of Transaction.
The Reporting Persons acquired the shares of Common Stock of the Issuer for
general investment purposes. The Reporting Persons will continuously evaluate
their ownership of Common Stock and the Issuer's business and industry.
Depending on market conditions and other factors that the Reporting Persons may
deem material to their investment decision, including the availability of other
investment opportunities, each Reporting Person may from time to time acquire
additional shares of Common Stock that such Reporting Person now owns or may
hereafter acquire.
Without limitation of the foregoing (and consistent with their investment
purpose), the Reporting Persons will continue to consider alternative courses of
action and will in the future take such actions with respect to their investment
in the Issuer as they deem appropriate in light of the circumstances existing
from time to time. Such actions, in addition to that discussed above, may
include making recommendations to members of management concerning various
business strategies, acquisitions, policies, seeking to acquire control of the
Issuer through a merger, proxy solicitation, tender offer, significant equity
investment, exchange offer or otherwise, or such other actions as the Reporting
Persons may deem appropriate.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Persons may be deemed to be a group according to the
rules under the Act, and as such a group, may be deemed to beneficially own an
aggregate of 559,266 shares of Common Stock as of September 16, 2009, which was
approximatelty 18.09% of the outstanding Common Stock on such date (all
computations of the percentage of Common Stock set forth herein are based on a
total of 3,091,350 shares of Common Stock outstanding as of August 1, 2009 as
reported in the Issuer's annual 10-K statement, as filed with the Securities and
Exchange COmmission on June 30, 2009). As of September 16, 2009, each Reporting
Person beneficially owns the following number of shares of Common Stock:
Name of Filing Person Shares Beneficially Owned Percent of Outstanding
Brean Murray Carret Group Inc. 559,266 18.09%
Q Management Services (PTC) Ltd., 559,266 18.09%
as Trustee of the PQ II and as
Trustee of the PQ III Trust
Phyllis Quasha 559,266 18.09%
(b) Brean is deemed to solely have the power to vote or to direct the vote
of, and to dispose or direct the disposition of, the Common Stock beneficially
owned by Brean. Because of their relationship to Brean as identified in Item 2
above, each of Q Management, as Trustee of PQII and as Trustee of PQ III,
Vicali, Demers, Findlay, Q Management and Quasha share voting and dispositive
power with regard to the Common Stock owned by Brean and, therefore, may be
deemed to have indirect beneficial ownership of the Common Stock owned by Brean.
(c) The following transactions were effective by the identified parties
during the sixty days preceding the date of filing of this Schedule 13d:
Reporting Person Date Buy/Sell Number of Shares Price Per Share
Brean Murray Jul. 7 Buy 856 shares $ 2.2604
Brean Murray Aug. 27 Buy 7,042 shares $ 2.0738
Brean Murray Sep. 1 Buy 814 shares $ 2.1539
Brean Murray Sep. 2 Buy 8,000 shares $ 2.0531
Brean Murray Sep. 3 Buy 60,188 shares $ 2.0571
Brean Murray Sep. 8 Buy 500 shares $ 2.06
Brean Murray Sep. 16 Buy 7,022 shares $ 2.199
The transactions listed above relating to Brean were effected on
the NASDAQ Capital Market.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Jason Young, an executive officer of the Issuer and representative of
Brean, has been appointed by the Reporting Persons to effect the purposes
described in Item 4 above. The Reporting Persons may grant Mr.Young proxies to
vote the Common Stock held by each Reporting Person in the event a meeting is
held as contemplated in Item 4.
Except as described herein, none of the Reporting Persons, and none of the
executive officers or directors of the Reporting Persons, has any contracts,
arrangements, understandings or relationships (legal or otherwise) with any
person with respect to any securities of the Issuer, including but not limited
to, transfer or voting of any of the securities of the Issuer, 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,
or a pledge or contingency the occurence of which would give another person
voting or investment power over securities of the Issuer.
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
Joint Filing Agreement, dated September 22, 2009.
________________________________________________________________________________
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.
Septemebr 22, 2009
BREAN MURRAY CARRET GROUP INC.
By: Vicali Services (BVI) Inc.
Its Director
By:
Name: Susan V.Demers
Title: Director
Q MANAGEMENT SERVICES (PTC) LTD. Q MANAGEMENT SERVICES (PTC) LTD.
AS TRUSTEE OF THE PQ II TRUST AS TRUSTEE OF THE PQ II TRUST
By: Vicali Services (BVI) Inc. By: Vicali Services (BVI) Inc.
Its Director Its Director
By: By:
Name: Susan V.Demers Name: Susan V. Demers
Title: Director Title: Director
Q MANAGEMENT SERVICES (PTC) LTD.
By: Vicali Services (BVI) Inc.
Its Director
By:
Name: Susan V.Demers
Title: Director
Phyllis Quasha