- Amended Statement of Ownership (SC 13G/A)
November 19 2010 - 3:05PM
Edgar (US Regulatory)
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UNITED
STATES
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SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment No. 3)*
EDAC
Technologies Corporation
(Name of Issuer)
Common
Stock, $0.0025 par value per share
(Title of Class of
Securities)
(CUSIP Number)
(Date of Event
Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
o
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Rule 13d-1(b)
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x
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Rule 13d-1(c)
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o
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Rule 13d-1(d)
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*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 ("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. 279285100
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13G
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1.
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Names of Reporting Persons
Steven Tannenbaum
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2.
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Check the Appropriate Box
if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Citizenship or Place of
Organization
United States
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
518,320 shares of Common Stock
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
518,320 shares of Common Stock
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount
Beneficially Owned by Each Reporting Person
518,320 shares of Common Stock
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10.
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Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11.
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Percent of Class
Represented by Amount in Row (9)
10.6%
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12.
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Type of Reporting Person
(See Instructions)
IN, HC
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2
CUSIP No. 279285100
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13G
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1.
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Names of Reporting Persons
Greenwood Investments, Inc.
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2.
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Check the Appropriate Box
if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Citizenship or Place of
Organization
Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
518,320 shares of Common Stock
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
518,320 shares of Common Stock
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount
Beneficially Owned by Each Reporting Person
518,320 shares of Common Stock
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10.
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Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11.
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Percent of Class
Represented by Amount in Row (9)
10.6%
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12.
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Type of Reporting Person
(See Instructions)
CO, IA
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3
CUSIP No. 279285100
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13G
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1.
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Names of Reporting Persons
Greenwood Investors Limited Partnership
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2.
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Check the Appropriate Box
if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Citizenship or Place of
Organization
Massachusetts
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
258,460 shares of Common Stock
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
258,460 shares of Common Stock
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount
Beneficially Owned by Each Reporting Person
258,460 shares of Common Stock
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10.
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Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11.
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Percent of Class
Represented by Amount in Row (9)
5.3%
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12.
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Type of Reporting Person
(See Instructions)
PN
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4
CUSIP No. 279285100
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13G
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1.
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Names of Reporting Persons
Greenwood Capital Limited Partnership
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2.
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Check the Appropriate Box
if a Member of a Group (See Instructions)
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(a)
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o
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(b)
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o
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3.
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SEC Use Only
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4.
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Citizenship or Place of
Organization
Massachusetts
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
259,860 shares of Common Stock
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
259,860 shares of Common Stock
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount
Beneficially Owned by Each Reporting Person
259,860 shares of Common Stock
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10.
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Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions)
o
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11.
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Percent of Class
Represented by Amount in Row (9)
5.3%
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12.
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Type of Reporting Person
(See Instructions)
PN
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5
Item 1.
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(a)
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Name of Issuer:
EDAC Technologies Corporation (the Issuer).
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(b)
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Address of the Issuers
Principal Executive Offices:
1806 New Britain Avenue, Farmington, CT 06032.
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Item 2.
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(a)
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Name of Person Filing:
This joint statement on Schedule 13G is being filed by Steven Tannenbaum,
Greenwood Investments, Inc., Greenwood Capital Limited Partnership and
Greenwood Investors Limited Partnership, who are collectively referred to as
the Reporting Persons. Mr.
Tannenbaum is the President of Greenwood Investments, Inc. (the General
Partner), which is the sole general partner of each of Greenwood Capital
Limited Partnership (Capital) and Greenwood Investors Limited Partnership
(Investors). The Reporting Persons have entered into a Joint Filing
Agreement, dated as of the date hereof, a copy of which is filed with this
Schedule 13G as
Exhibit 1
(which is incorporated herein by reference),
pursuant to which the Reporting Persons have agreed to file this statement
jointly in accordance with the provisions of Rule 13d-1(k) under the Act.
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(b)
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Address of Principal
Business Office:
The principal business office of the Reporting Persons with respect to the
shares reported hereunder is 222 Berkeley Street, 17
th
Floor, Boston, MA 02116.
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(c)
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Citizenship:
The General Partner is a Delaware corporation. Each of Capital and Investors is a
Massachusetts limited partnership. Mr.
Tannenbaum is a U.S. citizen.
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(d)
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Title and Class of
Securities:
Common stock, $0.0025 par value per share (Common Stock).
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(e)
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CUSIP Number:
279285100.
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Item 3.
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If this statement is filed pursuant
to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is
a:
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N/A.
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Item 4.
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Ownership:
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As of November 16,
2010 the Reporting Persons, in the aggregate, beneficially own 518,320 shares
of Common Stock of the Issuer, representing approximately 10.6% of such class
of securities. The beneficial
ownership of each Reporting Person is as follows: (i) Capital
beneficially owns 259,860 shares of Common Stock representing approximately
5.3% of the class, (ii) Investors beneficially owns 258,460 shares of
Common Stock representing approximately 5.3% of the class and (iii) the
General Partner, as the sole
general partner
of each of Capital and Investors, and Mr. Tannenbaum, as the president
of the General Partner, each beneficially owns 518,320 shares of Common Stock
of the Issuer representing approximately 10.6% of the class. The percentage of the Common Stock beneficially
owned by each Reporting
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6
Person is based on a total
of 4,869,469 shares of Common Stock of the Issuer outstanding as of October 22,
2010 as reported in the most recent quarterly report of the Issuer on Form 10-Q
for the fiscal quarter ended October 2, 2010.
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Each of Capital and
Investors has the power to vote and dispose of the shares of Common Stock
beneficially owned by such entity (as described above). The General Partner,
as the sole
general partner of each of
Capital and Investors, has the authority to vote and dispose of all of the
shares of Common Stock reported in this Schedule 13G. Mr. Tannenbaum, by virtue of his
position as president of the General Partner, has the authority to vote and
dispose of all of the shares of Common Stock reported in this Schedule 13G.
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Item 5.
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Ownership of Five Percent or Less
of a Class:
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N/A.
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Item 6.
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Ownership of More than Five Percent
on Behalf of Another Person:
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N/A.
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Item 7.
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Identification and Classification
of the Subsidiary Which Acquired the Security Being Reported on By the Parent
Holding Company or Control Person:
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N/A.
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Item 8.
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Identification and Classification
of Members of the Group:
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N/A.
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Item 9.
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Notice of Dissolution of Group:
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N/A.
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Item 10.
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Certification:
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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.
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7
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.
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STEVEN TANNENBAUM
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/s/
Steven Tannenbaum
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GREENWOOD INVESTMENTS, INC.
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By:
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/s/
Steven Tannenbaum
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Steven
Tannenbaum, President
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GREENWOOD CAPITAL LIMITED PARTNERSHIP
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By:
Greenwood Investments, Inc.,
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General Partner
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By:
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/s/
Steven Tannenbaum
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Steven
Tannenbaum, President
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GREENWOOD
INVESTORS LIMITED PARTNERSHIP
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By:
Greenwood Investments, Inc., General Partner
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By:
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/s/
Steven Tannenbaum
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Steven
Tannenbaum, President
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8
Exhibit 1
JOINT FILING AGREEMENT
Pursuant
to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree, as of November 19, 2010, that only
one statement containing the information required by Schedule 13G, and each
amendment thereto, need be filed with respect to the ownership by each of the
undersigned of shares of Common Stock of EDAC Technologies Corporation, and
such statement to which this Joint Filing Agreement is attached as
Exhibit 1
is filed on behalf of each of the undersigned.
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STEVEN TANNENBAUM
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/s/
Steven Tannenbaum
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GREENWOOD INVESTMENTS, INC.
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By:
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/s/
Steven Tannenbaum
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Steven
Tannenbaum, President
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GREENWOOD CAPITAL LIMITED PARTNERSHIP
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By:
Greenwood Investments, Inc.,
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General Partner
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By:
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/s/
Steven Tannenbaum
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Steven
Tannenbaum, President
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GREENWOOD
INVESTORS LIMITED PARTNERSHIP
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By:
Greenwood Investments, Inc.,
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General Partner
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By:
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/s/
Steven Tannenbaum
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Steven
Tannenbaum, President
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9
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