SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No. 25)*
 
Circle Entertainment Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
17256R-105
(CUSIP Number)
 
Mitchell J. Nelson
Atlas Real Estate Funds, Inc.
70 East 55th Street
New York, New York 10022
Telephone: (212) 796-8199
(Name, address and telephone number of person
authorized to receive notices and communications)
 
December 31, 2014
(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box .o
 
NOTE:  Schedules filed in paper format shall include a signed original and five copies of the Schedule, including all exhibits.  See Rule 13d-7(b) 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 the 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 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. 17256R-105 SCHEDULE 13D Page 2 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Robert F.X. Sillerman
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
7
SOLE VOTING POWER
 
9,350,263
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
23,910,664
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
9,350,263
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
23,910,664
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
32,760,927
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
41.4%
14
TYPE OF REPORTING PERSON
 
IN

 
2

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 3 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Paul C. Kanavos
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
7
SOLE VOTING POWER
 
1,034,254
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
38,901,700
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
1,034,254
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
38,901,700
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
39,935,954
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
49.0%
14
TYPE OF REPORTING PERSON
 
IN
 
 
3

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 4 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Kanavos Dynasty Trust 2011
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
11,056,870
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
0
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
11,056,870
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
11,056,870
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
15.7%
14
TYPE OF REPORTING PERSON
 
OO
 
 
4

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 5 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Brett Torino
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
 
NUMBER OF
7
SOLE VOTING POWER
 
176,238
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
38,235,221
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
176,238
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
38,235,221
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
38,411,459
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
46.4%
14
TYPE OF REPORTING PERSON
 
IN
 
 
5

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 6 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
TTERB Living Trust
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Nevada
 
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
28,370,677
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
0
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
28,370,677
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
28,370,677
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
35.2%
14
TYPE OF REPORTING PERSON
 
OO
 
 
6

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 7 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
TS 2013 LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Nevada
 
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
9,864,544
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
0
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
9,864,544
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
9,864,544
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
14.7%
14
TYPE OF REPORTING PERSON
 
OO
 
 
7

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 8 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Atlas Real Estate Funds, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
5,501,611
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
0
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
5,501,611
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,501,611
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
8.5%
14
TYPE OF REPORTING PERSON
 
CO
 
 
8

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 9 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Harvey Silverman
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
 
NUMBER OF
7
SOLE VOTING POWER
 
3,927,432
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
1,050,042
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
3,927,432
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
1,050,042
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,977,474
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
7.3%
14
TYPE OF REPORTING PERSON
 
IN
 
 
9

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 10 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Silverman Partners, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
 
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
1,050,042
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
0
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
1,050,042
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,050,042
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.6%
14
TYPE OF REPORTING PERSON
 
PN
 
 
 
10

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 11 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Adam Raboy
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
 
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
4,033,901
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
0
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
4,033,901
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,033,901
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.8%
14
TYPE OF REPORTING PERSON
 
IN
 
 
 
11

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 12 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
The Maple Hill Companies, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
4,033,901
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
0
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
4,033,901
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,033,901
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.8%
14
TYPE OF REPORTING PERSON
 
PN
 
 
 
12

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 13 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
Mitchell  J. Nelson
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
 
NUMBER OF
7
SOLE VOTING POWER
 
200,000
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
95,571
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
200,000
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
95,571
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
295,571
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.5%
14
TYPE OF REPORTING PERSON
 
IN
 
 
 
13

 
 
CUSIP No. 17256R-105 SCHEDULE 13D Page 14 of 20 Pages
 
1
NAME OF REPORTING PERSONS
 
LMN 134 Family Company, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) o
 (b) þ
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF
7
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
8
SHARED VOTING POWER
 
95,571
OWNED BY
EACH
9
SOLE DISPOSITIVE POWER
 
0
REPORTING
PERSON WITH
10
SHARED DISPOSITIVE POWER
 
95,571
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
95,571
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  o
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.1%
14
TYPE OF REPORTING PERSON
 
IN
 
 
 
14

 
CUSIP No. 17256R-105 SCHEDULE 13D Page 15 of 20 Pages
 
This Amendment No. 25 amends the Statement of Beneficial Ownership on Schedule 13D originally filed with the Securities and Exchange Commission (“SEC”) on January 10, 2008 by Robert F.X. Sillerman (“Sillerman”), Sillerman Commercial Holdings Partnership, L.P., a Delaware limited partnership, and Sillerman Capital Holdings, L.P., a Delaware limited partnership (“Holdings”), with respect to the common stock, par value $0.01 per share (the “Common Stock”), of Circle Entertainment Inc. (formerly known as FX Real Estate and Entertainment Inc.), a Delaware corporation (the “Issuer”), as amended by Amendment No. 1 filed with the SEC on March 13, 2008 by Sillerman and Holdings, as amended by Amendment No. 2 filed with the SEC on May 15, 2008 by Sillerman and Holdings, as amended by Amendment No. 3 filed with the SEC on December 30, 2008 by Sillerman, Holdings, Paul C. Kanavos (“Kanavos”), Brett Torino (“Torino”), ONIROT Living Trust dated 6/20/2000 (“ONIROT”), TTERB Living Trust (“TTERB”) and Atlas Real Estate Funds, Inc. (“Atlas”), as amended by Amendment No. 4 filed with the SEC on September 10, 2009 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 5 filed with the SEC on November 9, 2009 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 6 filed with the SEC on November 18, 2009 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 7 filed with the SEC on December 24, 2009 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 8 filed with the SEC on December 29, 2009 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 9 filed with the SEC on January 29, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 10 filed with the SEC on February 10, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 11 filed with the SEC on February 19, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 12 filed with the SEC on March 18, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 13 filed with the SEC on April 12, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 14 filed with the SEC on April 23, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 15 filed with the SEC on May 6, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 16 filed with the SEC on June 8, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 17 filed with the SEC on July 12, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 18 filed with the SEC on August 19, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas, as amended by Amendment No. 19 filed with the SEC on October 1, 2010 by Sillerman, Holdings, Kanavos, Torino, TTERB and Atlas, as amended by Amendment No. 20 filed with the SEC on December 3, 2010 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB and Atlas , as amended by Amendment No. 21 filed with the SEC on September 22, 2011 by Sillerman, Holdings, Kanavos, Torino, ONIROT, TTERB, Atlas and the Kanavos Dynasty Trust 2011 (“KDT”), as amended by Amendment No. 22 filed with the SEC on October 3, 2013 by Sillerman, Holdings, Kanavos, KDT, Torino, ONIROT, TTERB, Atlas and  TS 2013 LLC (“TS”), as amended by Amendment No. 23 filed with the SEC on  December 30, 2013 by Sillerman, Kanavos, KDT, Torino, TTERB, Atlas and TS and as amended by Amendment No. 24 filed with the SEC on March 14, 2014 by Sillerman, Kanavos, KDT, Torino, TTERB, Atlas, TS, Harvey Silverman (“Silverman”), Silverman Partners, L.P. (“SP LP”), Adam Raboy (“Raboy”), The Maple Hill Companies, LLC (“MHC”), Mitchell J. Nelson (“Nelson”) and LMN 134 Family Company, LLC (“LMN”) (as amended, the “Statement”).  This Amendment No. 25 is being filed by Sillerman, Kanavos, KDT, Torino, TTERB, Atlas, TS, Silverman, SP LP, Raboy, MHC, Nelson and LMN. From and after the date hereof, all references in the Statement to the Statement or terms of similar import shall be deemed to refer to the Statement as amended by this Amendment No. 25.  All capitalized terms used but not defined herein have the respective meanings ascribed to such terms in the Statement.
 
Sillerman, Kanavos, KDT, Torino, TTERB, TS, Atlas, Silverman, SP LP, Raboy, MHC, Nelson and LMN (collectively, the “Reporting Persons”) have entered into a Fifth Amended and Restated Joint Filing Agreement, dated March 14, 2014, a copy of which has been filed as Exhibit 99.28 to the Statement, and which is  incorporated herein by reference. Neither the fact of this filing nor anything contained herein shall be deemed an admission by the Reporting Persons that they constitute a "group" as such term is used in Section 13(d)(1)(k) of the rules and regulations under the Securities Exchange Act of 1934, as amended.
 
 
 
15

 
CUSIP No. 17256R-105 SCHEDULE 13D Page 16 of 20 Pages
 
Items 4 and 7 of the Statement are hereby amended to the extent hereinafter expressly set forth.
 
ITEM 4.   Purpose of the Transaction.

                Item 4 of the Statement is hereby amended to add the following information:

On December 31, 2014, Sillerman, Kanavos and Torino,  through their corporate affiliate CEN Holdings, Inc., delivered a letter (the “Withdrawal Letter”) to the independent members of the Board of Directors of the Issuer withdrawing the Proposal.

The foregoing description of the Withdrawal Letter is not complete and is qualified in its entirety by the full text of the Withdrawal Letter, which is filed herewith as Exhibit 99.29 and incorporated herein by reference.

ITEM 7.  Material to be Filed as Exhibits.
 
Item 7 of the Statement is hereby amended to add the following exhibit:
 
Exhibit Number   Description
     
 99.29  
Letter, dated December 30, 2014, from CEN Holdings, Inc. to the Independent Directors of the Issuer.
 
 
16

 
CUSIP No. 17256R-105 SCHEDULE 13D Page 17 of 20 Pages
 
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:  January  6, 2015
  /s/ Robert F.X. Sillerman  
   
Robert F.X. Sillerman
 
       
       
Dated:  January  6, 2015
 
/s/ Paul C. Kanavos
 
   
Paul C. Kanavos
 
       
       
Dated:  January  6, 2015
 
Kanavos Dynasty Trust 2011
 
       
   
Deutsche Bank Trust Company Delaware, as Trustee
 
       
     /s/ Susan F. Rodriguez  
   
Name: Susan F. Rodriguez
 
   
Title: Assistant Vice President
 
       
       
    /s/ Jeanne M. Nardone  
   
Name: Jeanne M. Nardone
 
   
Title: Vice President
 
       
       
Dated:  January  6, 2015
 
/s/ Brett Torino
 
   
Brett Torino
 
       
       
Dated:  January  6, 2015
 
TTERB Living Trust
 
       
   
/s/ Brett Torino
 
   
By:  Brett Torino, Trustee
 
       
       
Dated:  January  6, 2015
 
TS 2013 LLC
 
   
By: ONIROT Living Trust dated 6/20/2000
 
       
   
/s/ Brett Torino
 
   
By:  Brett Torino, Trustee
 
       
       
Dated:  January  6, 2015
 
Atlas Real Estate Funds, Inc.
 
       
   
/s/ Paul Kanavos
 
   
Name: Paul Kanavos
 
   
Title:   President
 
 
 
 
17

 
CUSIP No. 17256R-105 SCHEDULE 13D Page 18 of 20 Pages
 
       
       
Dated:  January  6, 2015
  /s/ Harvey Silverman  
   
Harvey Silverman
 
       
       
Dated:  January  6, 2015
 
Silverman Partners, L.P.
 
       
    /s/ Harvey Silverman  
   
Name: Harvey Silverman
 
    Title: General Partner  
       
       
Dated:  January  6, 2015
 
/s/ Adam Raboy
 
   
Adam Raboy
 
       
       
Dated:  January  6, 2015
 
The Maple Hill Companies, LLC
 
       
   
/s/ Adam Raboy
 
   
Name: Adam Raboy
 
   
Title:   Manager
 
       
       
Dated:  January  6, 2015
 
/s/ Mitchell J. Nelson
 
   
Mitchell J. Nelson
 
       
       
Dated:  January  6, 2015
 
LMN 134 Family Company, LLC
 
       
   
/s/ Mitchell J. Nelson
 
   
Name: Mitchell J. Nelson
 
   
Title:   Manager
 
 
18



Exhibit 99.29
 
CEN HOLDINGS, INC.
c/o TS 2013 LLC
4455 Wagon Trail Avenue
Las Vegas, Nevada 89118-4430
 
December 30, 2014
 
 
Independent Directors of Circle Entertainment Inc.
430 Park Avenue, 6th Floor
New York, New York 10022
 
Gentlemen:
 
CEN Holdings, Inc. (“CEN Holdings”), hereby withdraws the expression of intent contained in its letter to you dated December 30, 2013 with respect to taking Circle Entertainment Inc. private and, thus, CEN Holdings’ undertaking in paragraph 9 of the letter to pay, for or on behalf of Circle Entertainment Inc.,  the reasonable fees and expenses described therein shall be of no further force or effect with regard to any such fees and expenses incurred after the date hereof.
 
Please acknowledge receipt of this letter.
 
Very truly yours,

CEN HOLDINGS, INC.
 
By: /s/ Paul C. Kanavos                                           
Name: Paul C. Kanavos                                           
Title: President                                           


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