SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(A)
AMENDMENT NO. 2
Fortress America Acquisition Corporation
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(Name of Issuer)
Common Stock $.0001 par value
(Title of Class of Securities)
34957j100
---------
(CUSIP Number)
Paul D. Sonkin
Hummingbird Management, LLC
460 Park Avenue, 12th Floor
New York, New York 10022
------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 25, 2007
-----------------
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box /_/.
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.
--------
1 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 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 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. 34957j100 13D/A Page 2 of 12 Pages
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1 NAME OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hummingbird Management, LLC
IRS No. 13-4082842
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,452,000
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,452,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,452,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.1%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
**The Reporting Parties own approximately 14.2% of the Company's
outstanding common stock. The calculation of the percentage set forth above
assumes the exercise by the Reporting Parties of 95,000 presently
exercisable warrants acquired in connection with the Company's initial public
offering and in subsequent open market purchases.The Reporting Parties have not
yet exercised or converted any of such warrants. In connection with the
company's initial public offering, the company has 15,600,000 exercisable
warrants outstanding. This calculation does not assume the conversion of any
warrants, held by security holders other than the Reporting Parties, whether
or not exercisable.
================================================================================
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CUSIP No. 34957j100 13D/A Page 3 of 12 Pages
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1 NAME OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Paul D. Sonkin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,815,600
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
8 SHARED VOTING POWER
28,400
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,815,600
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
28,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,844,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
18.3%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------------
**The Reporting Parties own approximately 14.2% of the Company's
outstanding common stock. The calculation of the percentage set forth above
assumes the exercise by the Reporting Parties of 543,800 presently
exercisable warrants acquired in connection with the Company's initial public
offering and in subsequent open market purchases (of which 392,000 are owned by
Mr. Sonkin and held in his and his wife's IRA accounts, and 28,400 held in
other IRA accounts, over which he has dispositive power). The Reporting Parties
have not yet exercised or converted any of such warrants. In connection with
the company's initial public offering, the company has 15,600,000 exercisable
warrants outstanding. This calculation does not assume the conversion of any
warrants, held by security holders other than the Reporting Parties, whether
or not exercisable.
================================================================================
.
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CUSIP No. 34957j100 13D/A Page 4 of 12 Pages
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1 NAME OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hummingbird Capital, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,452,000
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,452,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,452,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.1%**
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
-------------------------------------------------------------------------------
**The Reporting Parties own approximately 14.2% of the Company's
outstanding common stock. The calculation of the percentage set forth above
assumes the exercise by the Reporting Parties of 95,000 presently
exercisable warrants acquired in connection with the Company's initial public
offering and in subsequent open market purchases.The Reporting Parties have not
yet exercised or converted any of such warrants. In connection with the
company's initial public offering, the company has 15,600,000 exercisable
warrants outstanding. This calculation does not assume the conversion of any
warrants, held by security holders other than the Reporting Parties, whether
or not exercisable.
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CUSIP No. 34957j100 13D/A Page 5 of 12 Pages
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1 NAME OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hummingbird Value Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 305,864
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
305,864
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
305,864
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
LP
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CUSIP No. 34957j100 13D/A Page 6 of 12 Pages
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1 NAME OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hummingbird Microcap Value Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 378,733
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
378,733
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
378,733
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
LP
================================================================================
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CUSIP No. 34957j100 13D/A Page 7 of 12 Pages
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1 NAME OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Hummingbird Concentrated Fund, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 767,403
OWNED BY
EACH
REPORTING
PERSON WITH -----------------------------------------------------------------
8 SHARED VOTING POWER
-0-
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
767,403
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
767,403
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.0%**
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14 TYPE OF REPORTING PERSON
LP
-------------------------------------------------------------------------
**The Hummingbird Concentrated Fund, LP own approximately 7.0% of the Company's
outstanding common stock. The calculation of the percentage set forth above
assumes the exercise by theHummingbird Concentrated Fund of 95,000 presently
exercisable warrants acquired in open market purchases.The Hummingbird
Concentrated Fund has not yet exercised or converted any of such warrants.
In connection with the company's initial public offering, the company has
15,600,000 exercisable warrants outstanding. This calculation does not assume
the conversion of any warrants, held by security holders other than the
Hummingbird Concentrated Fund, whether or not exercisable.
================================================================================
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CUSIP No. 34957j100 13D/A Page 8 of 12 Pages
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The following constitutes the Schedule13D/Afiled by the undersigned
(the "Schedule 13D").
AMENDMENT NO. 2 TO SCHEDULE 13D
This Amendment No. 1, dated January 26, 2007, to Schedule13D/A is
filed by the Reporting Persons and amends Schedule13D/Aas previously filed
by the Reporting Persons with the Securities and Exchange Commission on
January 9, 2007 (the "Schedule 13D"), relating to the common stock, $.0001
par value (the "Common Stock") of Fortress America Acquisition Corporation,
a Delaware Corporation.
Items 3 and 5 of the Schedule13D/A are hereby amended and
restated, as follows:
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
As of January 26, 2007, Hummingbird has caused HVF, Microcap Fund,
and Concentrated Fund to invest approximately $1,672,349, $2,007,871, and
$3,732838, respectively, in the Shares and Warrants of the Issuer using their
working capital. Mr. Sonkin has invested approximately $201,792 in Warrants
of the Issuer, using personal funds.
ITEM 5 INTEREST IN SECURITIES OF THE ISSUER
(a) As investment manager of HVF, Microcap Fund, and Concentrated
Fund, Hummingbird may be deemed to have the sole voting and investment
authority over the Shares owned by HVF, Microcap Fund, and Concentrated Fund,
for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as
amended ("Rule 13d-3"), may be deemed to be the beneficial owner of
1,452,000 Shares representing approximately 15.1% of the outstanding shares
of the Issuer (based upon 9,550,000 shares of Common Stock outstanding as of
December 15, 2006, as reported on Form 10-QSB for the period ended September
30, 2006, and assuming conversion of 95,000 Warrants.) Hummingbird disclaims
any beneficial ownership of the Shares covered by this Statement.
Mr. Sonkin owns 392,000 Warrants held in his and Mrs. Sonkin's IRA
Accounts and has dispostive power over an additional 28,400 Warrants held in
IRA Accounts of various other parties and for which Mr. Sonkin disclaims
beneficial ownership. As the managing member and control person of Hummingbird,
Mr. Sonkin may also be deemed to have the sole voting and investment
authority over the Shares beneficially owned by Hummingbird and, for purposes
of Rule 13d-3, may be deemed to be the beneficial owner of 1,452,000
Shares representing approximately 15.1% of the outstanding shares of the
Issuer, (and together with 392,000 Warrants held in his and Mrs. Sonkin's
IRA Accounts and 28,400 Warrants owned in IRA Accounts of various other parties
over which he has dispositive power, an aggregate of 1,844,000 Shares,
representing approximately 18.3% of the outstanding Share of the Issuer,based
upon 9,550,000 shares of Common Stock outstanding as of December 15, 2006, as
reported on Form 10-QSB for the period ended September 30, 2006, and assuming
conversion of 543,800 warrants.) Mr. Sonkin disclaims any beneficial
ownership of the Shares covered by this Statement, except by pecuniary
interest in the 392,000 Warrants owned by him and his wife personally.
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CUSIP No. 34957j100 13D/A Page 9 of 12 Pages
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HC, as the general partner of each of HVF, Microcap Fund, and
Concentrated Fund, Hummingbird may be deemed to have the sole voting and
investment authority over the Shares owned by HVF, Microcap Fund, and
Concentrated Fund, for purposes of Rule 13d-3 under the Securities Exchange
Act of 1934, as amended ("Rule 13d-3"), may be deemed to be the
beneficial owner of 1,452,000 Shares representing approximately 15.1% of the
outstanding shares of the Issuer (based upon 9,550,000 shares of Common Stock
outstanding as of December 15, 2006, as reported on Form 10-QSB for the
period ended September 30, 2006, and assuming conversion of 95,000 Warrants.)
HC disclaims any beneficial ownership of the Shares covered by this Statement.
HVF is the beneficial owner of 305,864 Shares or 3.2% of the
outstanding shares of the Issuer.
Microcap Fund is the beneficial owner of 378,733 Shares or 4.0%
of the outstanding shares of the Issuer.
Concentrated Fund is the beneficial owner of 672,403 Shares or 6.1%
of the outstanding shares of the Issuer, and 95,000 Warrants of the Issuer.
Mr. Sonkin is the beneficial owner of 392,000 warrants of the
issuer.
(c) Hummingbird caused HVF to effect transactions in the Shares during
the past 60 days as set forth below:
NUMBER OF
DATE TYPE SHARES PRICE/SHARE
---- ---- ------ -----------
12/22/2006 open market purchase 3,000 5.607
12/26/2006 open market purchase 2,000 5.610
12/28/2006 open market purchase 1,000 5.610
1/3/2007 open market purchase 1,500 5.614
1/4/2007 open market purchase 333 5.570
1/8/2007 open market purchase 50,000 5.613
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CUSIP No. 34957j100 13D/A Page 10 of 12 Pages
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Hummingbird caused the Microcap Fund to effect transactions in the
Shares during the past 60 days as set forth below:
NUMBER OF
DATE TYPE SHARES PRICE/SHARE
---- ---- ------ -----------
12/27/2006 open market purchase 2,000 5.610
1/3/2007 open market purchase 1,500 5.614
1/4/2007 open market purchase 333 5.570
1/8/2007 open market purchase 75,000 5.613
Hummingbird caused the Concentrated Fund to effect transactions in the
Shares during the past 60 days as set forth below:
NUMBER OF
DATE TYPE SHARES PRICE/SHARE
---- ---- ------ -----------
1/3/2007 open market purchase 2,000 5.614
1/4/2007 open market purchase 334 5.570
1/8/2007 open market purchase 50,000 5.613
1/18/2007 open market purchase 38,000 5.404
1/19/2007 open market purchase 36,000 5.409
1/22/2007 open market purchase 20,000 5.423
Hummingbird caused the Concentrated Fund to effect transactions in the
Warrants during the past 60 days as set forth below:
NUMBER OF
DATE TYPE WARRANTS PRICE/WARRANT
---- ---- ------ -----------
1/25/2007 open market purchase 95,000 0.601
Mr. Sonkin has effected transactions in the Warrants during the past
60 days as set forth below:
NUMBER OF
DATE TYPE WARRANTS PRICE/WARRANT
---- ---- ------ -----------
12/20/2006 open market sale 1,000 0.464
1/5/2007 open market purchase 17,000 0.267
(d) Inapplicable.
(e) Inapplicable.
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CUSIP No. 34957j100 13D/A Page 11 of 12 Pages
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ITEM 6 Inapplicable
ITEM 7 MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: January 26, 2007 HUMMINGBIRD MANAGEMENT, LLC
By: /s/ Paul D. Sonkin
---------------------------------
Name: Paul D. Sonkin
Title: Managing Member
/s/ Paul D. Sonkin
-------------------------------------
PAUL D. SONKIN
HUMMINGBIRD VALUE FUND, L.P.
By: Hummingbird Capital, LLC
By: /s/ Paul D. Sonkin
---------------------------------
Name: Paul D. Sonkin
Title: Managing Member
HUMMINGBIRD MICROCAP VALUE
FUND, L.P.
By: Hummingbird Capital, LLC
By: /s/ Paul D. Sonkin
---------------------------------
Name: Paul D. Sonkin
Title: Managing Member
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CUSIP No. 34957j100 13D/A Page 12 of 12 Pages
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HUMMINGBIRD CONCENTRATED
FUND, L.P.
By: Hummingbird Capital, LLC
By: /s/ Paul D. Sonkin
---------------------------------
Name: Paul D. Sonkin
Title: Managing Member
HUMMINGBIRD CAPITAL, LLC
By: /s/ Paul D. Sonkin
---------------------------------
Name: Paul D. Sonkin
Title: Managing Member
By: /s/ Paul D. Sonkin
---------------------------------
Name: Paul D. Sonkin