Amended Statement of Ownership (sc 13g/a)
July 01 2013 - 6:12AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE
COMMISSION
Washington, DC 20549
SCHEDULE 13G/A
(Amendment No. 1)
(Rule
13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Name of Issuer)
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Common Stock, par value $0.001 per share
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(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:
x
Rule 13d-1(b)
¨
Rule 13d-1(c)
¨
Rule 13d-1(d)
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CUSIP No. 74732Y105
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Prescott Group Capital Management,
L.L.C.
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP
*
(a)
¨
(b)
¨
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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
State of Oklahoma
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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
153,245
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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
153,245
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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
153,245
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10
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CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
*
¨
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11
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
10.1%**
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12
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TYPE OF REPORTING PERSON
*
IA
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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2
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CUSIP No. 74732Y105
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Prescott Group Aggressive Small Cap,
L.P.
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP
*
(a)
¨
(b)
¨
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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
State of Oklahoma
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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
0
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6
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SHARED VOTING POWER
153,245
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
153,245
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9
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AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
153,245
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10
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CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
*
¨
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11
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
10.1%**
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12
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TYPE OF REPORTING PERSON
*
PN
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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3
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CUSIP No. 74732Y105
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Prescott Group Aggressive Small Cap
II, L.P.
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP
*
(a)
¨
(b)
¨
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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
State of Oklahoma
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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
0
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6
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SHARED VOTING POWER
153,245
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
153,245
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9
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AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
153,245
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10
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CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
*
¨
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11
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
10.1%**
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12
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TYPE OF REPORTING PERSON
*
PN
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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4
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CUSIP No. 74732Y105
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13G/A
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1
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NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSONS (ENTITIES ONLY)
Phil Frohlich
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2
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP
*
(a)
¨
(b)
¨
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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
U.S. Citizen
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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
153,245
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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
153,245
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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
153,245
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10
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CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
*
¨
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11
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
10.1%**
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12
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TYPE OF REPORTING PERSON
*
IN
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*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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5
SCHEDULE 13G/A
This Amendment No. 1 (this Amendment) to the Schedule 13G (the Schedule 13G) is being filed on behalf of
Prescott Group Capital Management, L.L.C., an Oklahoma limited liability company (Prescott Capital), Prescott Group Aggressive Small Cap, L.P., an Oklahoma limited partnership (Prescott Small Cap), Prescott Group Aggressive
Small Cap II, L.P., an Oklahoma limited partnership (Prescott Small Cap II and, together with Prescott Small Cap, the Small Cap Funds), and Mr. Phil Frohlich, the principal of Prescott Capital, relating to shares of
Common Stock, par value $0.001 per share (the Common Stock), of QKL Stores Inc., a Delaware corporation (the Issuer).
This Amendment relates to shares of Common Stock of the Issuer purchased by the Small Cap Funds through the account of Prescott Group Aggressive Small Cap Master Fund, G.P., an Oklahoma general
partnership (Prescott Master Fund), of which the Small Cap Funds are general partners. Prescott Capital serves as the general partner of the Small Cap Funds and may direct the Small Cap Funds, the general partners of Prescott Master
Fund, to direct the vote and disposition of the 153,245 shares of Common Stock held by the Master Fund. As the principal of Prescott Capital, Mr. Frohlich may direct the vote and disposition of the 153,245 shares of Common Stock held by
Prescott Master Fund.
This Amendment amends and restates the Schedule 13G as follows.
Item 1(a)
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Name of Issuer.
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QKL
Stores Inc.
Item 1(b)
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Address of Issuers Principal Executive Offices.
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4 Nanreyuan Street
Dongfeng Road
Sartu District
Daqing, P.R. China 163311
Item 2(a)
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Name of Person Filing.
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Prescott Group Capital Management, L.L.C. (Prescott Capital), Prescott Group Aggressive Small Cap, L.P. (Prescott Small
Cap), Prescott Group Aggressive Small Cap II, L.P. (Prescott Small Cap II and, together with Prescott Small Cap, the Small Cap Funds) and Mr. Phil Frohlich.
Item 2(b)
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Address of Principal Business Office, or, if none, Residence.
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1924 South Utica, Suite 1120
Tulsa, Oklahoma 74104-6529
6
Item 2(c)
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Citizenship or Place of Organization.
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Prescott Capital is an Oklahoma limited liability company. The Small Cap Funds are Oklahoma limited partnerships. Mr. Phil Frohlich is the principal of Prescott Capital and is a U.S. citizen.
Item 2(d)
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Title of Class of Securities.
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Common Stock, par value $0.001 per share (the Common Stock).
74732Y105
If this statement
is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:
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(a)
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¨
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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¨
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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¨
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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¨
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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x
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An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).
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(f)
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¨
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
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(g)
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¨
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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(h)
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¨
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(i)
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¨
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C.
80a-3).
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(j)
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Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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7
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(a)
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Prescott Capital and Mr. Phil Frohlich are the beneficial owners of 153,245 shares of Common Stock.
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(b)
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Prescott Capital and Mr. Phil Frohlich are the beneficial owners of 10.1% of the outstanding shares of Common Stock. This percentage is determined by dividing
153,245 by 1,522,326, the number of shares of Common Stock issued and outstanding as of May 10, 2013, as reported in the Issuers 10-Q filed on May 14, 2013.
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(c)
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Prescott Capital, as the general partner of the Small Cap Funds, the general partners of Prescott Master Fund, may direct the Small Cap Funds to direct the vote and
disposition of the 153,245 shares of Common Stock held by Prescott Master Fund. As the principal of Prescott Capital, Mr. Phil Frohlich may direct the vote and disposition of the 153,245 shares of Common Stock held by Prescott Master Fund.
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Item 5
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Ownership of Five Percent or Less of a Class.
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Inapplicable.
Item 6
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Ownership of More Than Five Percent on Behalf of Another Person.
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Inapplicable.
Item 7
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Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
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Inapplicable.
Item 8
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Identification and Classification of Members of the Group.
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Inapplicable.
Item 9
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Notice of Dissolution of Group.
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Inapplicable.
By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.
8
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.
Date: July 1, 2013
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Prescott Group Capital Management, L.L.C.
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By:
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/s/ Phil Frohlich
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PHIL FROHLICH, Managing Member
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Prescott Group Aggressive Small Cap, L.P.
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By: Prescott Group Capital Management, L.L.C., its general partner
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By:
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/s/ Phil Frohlich
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PHIL FROHLICH, Managing Member
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Prescott Group Aggressive Small Cap II, L.P.
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By: Prescott Group Capital Management, L.L.C., its general partner
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By:
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/s/ Phil Frohlich
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PHIL FROHLICH, Managing Member
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/s/ Phil Frohlich
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Phil Frohlich
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9
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