UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.2)*
Foxby Corp.
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
003009107
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(CUSIP Number)
Gregg Abella
Investment Partners Asset Management, Inc.
1 Highland Avenue
Metuchen, New Jersey 08840
732-205-0391
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 22, 2006
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Sections 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 Section 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.
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Investment Partners Asset Management, 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 ***
(See Item 3)
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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
Investment Partners Asset Management, Inc. is organized under the
laws of Delaware.
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7 SOLE VOTING POWER
62,400
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 62,400
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10 SHARED DISPOSITIVE POWER
96,800 - with clients
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
159,200
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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)
6.12%
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14 TYPE OF REPORTING PERSON
IA
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Item 1. Security and Issuer
Foxby Corp. is located at 11 Hanover Square, NY, NY 10005.
Item 2. Identity and Background
(a) Investment Partners Asset Management, Inc. is a corporation formed in
the State of Delaware.
(b) The principal place of business of the reporting person is 1
Highland Avenue, Metuchen, NJ.
(c) Investment Advisor
(d) None
(e) None
(f) Delaware
Item 3. Source and Amount of Funds or Other Consideration
Client assets.
Item 4. Purpose of Transaction
The purpose of acquisition is investment.
Item 5. Interest in Securities of the Issuer
a) The reporting person believes that the number
of shares of the issuer that are outstanding is 2,602,847 as of
December 19, 2006. As of December 20, 2006, the reporting person
may have been deemed the beneficial owner of 159,200 Shares
approximately 6.12% of the total number of Shares outstanding).
b) The reporting person has sole power to vote 62,400 shares
held by one of its clients. Dispositive powers for 62,400 shares
and shared dispositive powers for 96,800.
c) Clients of the reporting person purchased the following number
of shares during the past 60 days on the American Stock Exchange.
At the following prices:
Trade date No. of Shares Execution Price
10-11-06 10,400 2.2818
10-18-06 40,000 2.3413
10-18-06 52,000 2.3413
10-18-06 18,000 2.3413
12-19-06 19,800 2.3996
12-19-06 8,000 2.3996
12-19-06 5,000 2.3996
12-19-06 6,000 2.3996
There were no sales of the Issuer.
(d) Clients of the Reporting Person are entitled to receive
all dividends, distributions and proceeds of sale.
(e) Not Applicable
Item 6. Contracts, Arrangements, Understandings, or Relationships with
Respect to Securities of the Issuer
None
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.
Dated as of December 22, 2006
Investment Partners Asset Management, Inc.
By: /s/ Frank Abella
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Name: Frank Abella
Title: President