sec document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__)*
SPORTING MAGIC, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
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(Title of Class of Securities)
84916X 20 3
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(CUSIP Number)
February 1, 2002
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(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 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).
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CUSIP No. 84916X 20 3 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RAE & COMPANY
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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 CITIZENSHIP OR PLACE OR ORGANIZATION
UNITED STATES
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 750,000 shares
OWNED BY
EACH
REPORTING
PERSON WITH
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6 SHARED VOTING POWER
0 shares
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7 SOLE DISPOSITIVE POWER
750,000 shares
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8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,000 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.4%
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12 TYPE OF REPORTING PERSON
CO
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CUSIP No. 84916X 20 3 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Charles Thompson
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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 CITIZENSHIP OR PLACE OR ORGANIZATION
UNITED STATES
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 750,000 shares
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------------
6 SHARED VOTING POWER
0 shares
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7 SOLE DISPOSITIVE POWER
750,000 shares
--------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
750,000 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.4%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP No. 84916X 20 3 13G Page 4 of 9 Pages
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Item 1.
(a) Name of Issuer:
Sporting Magic, Inc.
(b) Address of Issuer's Principal Executive Offices:
7625 Hamilton Park Drive
Suite 12
Chattanooga, TN 37421
Item 2.
(a) Name of Person Filing:
This Statement is jointly filed by RAE & Company, a
Georgia corporation ("RAE"), and Charles Thompson
(together with RAE, the "Reporting Persons").
(b) Address of Principal Business Office, or if none, Residence:
The principal place of business of each of the Reporting
Persons is 7625 Hamilton Park Drive, Suite 12,
Chattanooga, TN 37421.
(c) Citizenship:
Unites States
(d) Title of Class of Securities:
Common Stock, par value $.001 per share ("Common Stock")
(e) CUSIP Number:
84916X 20 3
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) / / Broker or dealer registered under Section 15 of
the Exchange Act.
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CUSIP No. 84916X 20 3 13G Page 5 of 9 Pages
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(b) / / Bank as defined in section 3(a)(6) of the Act.
(c) / / Insurance company as defined in section 3(a)(19)
of the Act.
(d) / / Investment company registered under section 8 of
the Investment Company Act.
(e) / / An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of
the Investment Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership
The following is information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
RAE has the power to vote or direct the vote, and to dispose or
direct the disposition, of all of its shares of the Issuer's common stock. The
management of RAE is vested exclusively in its sole stockholder, Charles
Thompson. The filing of this Schedule 13G shall not be construed as an admission
by any of the filing persons that they are members of a group.
(a) Amount Beneficially Owned:
750,000 shares.
(b) Percent of Class:
9.4%.
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CUSIP No. 84916X 20 3 13G Page 6 of 9 Pages
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(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
750,000 shares.
(ii) shared power to vote or direct the vote:
0 shares.
(iii) sole power to dispose or direct the disposition
of:
750,000 shares.
(iv) shared power to dispose or direct the
disposition of:
0 shares.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
Item 6. Ownership of More than Five Percent on 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.
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CUSIP No. 84916X 20 3 13G Page 7 of 9 Pages
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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.
[The remainder of this page was intentionally left blank.]
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CUSIP No. 84916X 20 3 13G Page 8 of 9 Pages
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SIGNATURE
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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: May 6, 2002
RAE & COMPANY
By: /s/ Charles Thompson
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Charles Thompson, President
/s/ Charles Thompson
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Charles Thompson
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them of a Statement on Schedule 13G dated May 6, 2002
(including amendments thereto) with respect to the Common Stock of Sporting
Magic, Inc. This Joint Filing Agreement shall be filed as an Exhibit to such
Statement.
Dated: May 6, 2002
RAE & COMPANY
By: /s/ Charles Thompson
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Charles Thompson, President
/s/ Charles Thompson
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Charles Thompson