UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D/A
Under
the Securities Exchange Act of 1934
(Amendment
No. 2)
Brookside
Technology Holdings Corp.
(Name of
Issuer)
Common
Stock, $0.01 par value per share
(Title of
Class of Securities)
11452Q102
(CUSIP
Number)
Shad
Stastney
Vicis
Capital LLC
445 Park
Avenue, 16th Floor
New York,
NY 10022
(212)
909-4600
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
January
11, 2010
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
CUSIP No.
11452Q102
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1.
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Names
of Reporting Persons.
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I.R.S.
Identification Nos. of above persons (entities only).
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Vicis
Capital LLC
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45-0538105
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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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(b)
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3.
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SEC
Use Only
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4.
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Source
of Funds (See Instructions)
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OO
— funds of its advisory client
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5.
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Check
if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or
2(e)
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6.
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Citizenship or Place of
Organization
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Delaware
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7.
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Sole
Voting Power
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16,882,796
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NUMBER OF
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SHARES
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8.
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Shared
Voting Power
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BENEFICIALLY
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OWNED BY
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0
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EACH
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REPORTING
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9.
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Sole
Dispositive Power
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PERSON
WITH
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16,882,796
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10.
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Shared
Dispositive Power
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0
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11.
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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16,882,796
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12.
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Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
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[ ]
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13.
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Percent
of Class Represented by Amount in Row (11)
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9.99%
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14.
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Type
of Reporting Person (See Instructions)
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IA
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Item
1. Security and Issuer
The securities to which this Schedule
13D (the “Schedule”) relates are shares of common stock, par value $0.01 per
share (the “Common Stock”), of Brookside Technology Holdings Corp. (the
“Issuer”). The address of the Issuer’s principal executive offices is
15500 Roosevelt Boulevard, Suite 101, Clearwater, Florida
33760.
Item
2. Identity and Background
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(a)
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The
name of the reporting person is Vicis Capital LLC
(“Vicis”). All 16,882,796 shares reported on this Schedule
are held directly by Vicis
Capital Master Fund
(the “Fund”)
, for
which Vicis acts as investment advisor. Vicis may be
deemed to beneficially own such
16,882,796 shares within the
meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as
amended, by virtue of the voting and dispositive power over such shares
granted by the Fund to Vicis.
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(b)
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The
address of Vicis is 445 Park Avenue, 16th Floor, New York, NY
10022.
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(c)
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Vicis
is an investment adviser registered under the Investment Advisers Act of
1940, as amended, that provides investment advisory services to the Vicis
Capital Master Fund (the “Fund”).
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(d)
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Vicis
has not been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) during the last five
years.
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(e)
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Vicis
has not, during the last five years, 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.
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(f)
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Vicis
Capital LLC is a limited liability company organized under the laws of the
state of Delaware.
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Pursuant to General Instruction C of
Schedule 13D, the following information is being provided with respect to each
member of Vicis (the “Insiders”):
Members
of Vicis Capital LLC
Name
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Occupation
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Shad
Stastney
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Member
and Chief Operating Officer
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John
Succo
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Member
and Chief Investment Officer
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Sky
Lucas
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Member
and Head of Global Convertible
Arbitrage
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The business address of each of the
Insiders is 445 Park Avenue, 16th Floor, New York, NY 10022. To
Vicis’s knowledge, each of the Insiders is a United States citizen, and none of
the Insiders has, during the last five years, been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), nor has any
Insider 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
The Fund previously acquired 10,000,000
shares of Common Stock.
On June 18, 2008 the Fund acquired from
a private party a Series E Warrant to purchase 61,273,835 shares of Common Stock
(the “Series E Warrant”). The terms of the Series E Warrant provide
that
the holder of the Series E
Warrant
is
neither
entitled
n
or required to exercise the Series E
Warrant
to the extent that
such exercise by the holder would cause the holder to acquire
a number of
shares of Common Stock
in excess of that number of
shares of Common
Stock
that, upon giving
effect to such exercise, would cause the aggregate number of shares of Common
Stock beneficially owned by
(i)
the holder of the Series E Warrant and
(ii) such
holder’s affiliates
,
to exceed 9.99% of the outstanding
shares of the Common Stock following such exercise.
In addition to the Common Stock
previously acquired by the Fund and the shares of Common Stock underlying the
Series E Warrant that the Fund would be able to acquire via its exercise of the
Series E Warrant to the fullest extent permitted by the terms of that Series E
Warrant, the Fund owns shares of the Issuer’s Series A Convertible Preferred
Stock (the “Series A Preferred Stock”), which shares are convertible into shares
of Common Stock, and additional warrants to purchase Common Stock (each an
“Other Warrant” and collectively, the “Other Warrants”). However, the
terms of both the Series A Preferred Stock and of each of the Other Warrants
provide that
the holder
thereof is
neither
entitled
n
or required to
convert or exercise, as the case may be,
any share of
the Series
A Preferred
Stock
or such Other Warrant to the extent that
such conversion or exercise, respectively, by the holder would cause the holder
to acquire
a number of
shares of Common
Stock
in excess of that
number of
shares of Common
Stock
that, upo
n giving effect to such conversion or
exercise, respectively
,
would cause the aggregate number of shares of Common Stock beneficially owned by
(i)
the holder and
(ii) such
holder’s affiliates
, to exceed 4.99
% of the outstanding shares of the
Comm
on Stock following such
conversion or exercise
.
As a result, Vicis is not
deemed to own any of the shares underlying any of the shares of Series A
Preferred Stock or any of the Other Warrants.
Therefore, when the 10,000,000 shares
of Common Stock previously acquired by the Fund are aggregated with the
6,882,796 shares of Common Stock that the Fund would be able to acquire via its
exercise of the Series E Warrant to the fullest extent permitted by the terms of
that Series E Warrant, Vicis is deemed to beneficially own 16,882,796 shares of
Common Stock.
Item
4. Purpose of Transaction.
Vicis, on behalf of the Fund, acquired
the Common Stock, the Series E Warrant, the Series A Preferred Stock, and each
of the additional warrants for investment purposes in the ordinary course of its
business pursuant to specified investment objectives of the Fund. On
October 22, 2008, Mr. Christopher Phillips, a Managing Director of Vicis, was
elected to the Board of Directors of the Issuer. On January 11, 2010,
Mr. Phillips resigned from the Board of Directors of the Issuer.
Vicis and representatives of Vicis and
the Fund have had discussions with senior management of the Issuer and may in
the future have such discussions concerning ways in which the Issuer could
maximize shareholder value.
Except as set forth in this Item 4,
Vicis has no present plan or proposal that relates to or would result in any of
the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D under
the Securities Exchange Act of 1934, as amended, but will continue to review
this position based upon further developments.
As permitted by law, Vicis may purchase
shares of Common Stock or other securities convertible, exchangeable or
exercisable into Common Stock or dispose of any or all of such securities from
time to time in the open market, in privately negotiated transactions, or
otherwise, depending upon future evaluation of the Issuer and upon other
developments, including general economic and stock market
conditions.
Item 5. Interest in
Securities of the Issuer
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(a)
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All
16,882,796 shares reported on this Schedule
are held directly by Vicis Capital
Master Fund, for which Vicis Capital LLC acts as investment
advisor. Vicis Capital LLC may be deemed to beneficially
own such
16,882,796 shares within the meaning of Rule 13d-3 of
the Securities Exchange Act of 1934, as amended, by virtue of the voting
and dispositive power over such shares granted by Vicis Capital Master
Fund to Vicis Capital LLC.
The voting and dispositive power
granted to Vicis Capital LLC by Vicis Capital Master Fund
may be
revoked at any time
.
Vicis Capital
LLC disclaims beneficial ownership of any shares reported on this
Schedule.
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The
foregoing 16,882,796 shares of Common Stock represent approximately 9.99% of the
Issuer’s outstanding Common Stock (based upon 168,996,962 shares of Common Stock
outstanding at November 18, 2009, as reported by the Issuer in its Quarterly
Report on Form 10-Q filed with the SEC for the period ended September 30, 2009,
and 16,882,796 shares of Common Stock deemed to be beneficially owned by
Vicis).
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(b)
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For
information on voting and dispositive power with respect to the
above-listed shares, see Items 7-10 of the Cover
Pages.
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(c)
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Except
as disclosed in Item 3 of this Schedule, Vicis has not effected any
transaction in the Common Stock in the past 60
days.
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(d) Not
applicable.
(e) Not
applicable.
Item
6.
Contracts,
Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
The information set forth in Items 3
and 4 is hereby incorporated by reference in this Item 6.
Item
7. Material to Be Filed as Exhibits
None.
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.
February
1, 2010
Date
By:
/s/
Andrew Comito
Name:
Andrew Comito
Title:
Compliance Officer*
*
Executed pursuant to the authorization of the members of Vicis Capital LLC
attached as Attachment A to the Schedule 13D/A previously filed with the SEC by
Vicis Capital LLC with respect to the Amacore Group, Inc. on October 1,
2009.
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