UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
MFIC Corp.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
595073107
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(CUSIP Number)
Joseph P. Daly
497 Circle Freeway
Cincinnati, Ohio 45246
(513) 943-7100
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
February 11, 2008
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(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 240.13d-7 for other
parties to whom copies are to be sent.
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 ("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).
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CUSIP No. 595073107 13D/A
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1 NAMES OF REPORTING PERSONS
Joseph P Daly
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 577,000
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OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
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PERSON WITH 9 SOLE DISPOSITIVE POWER
577,000
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
577,000
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.63%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 595073107 13D/A
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1 NAMES OF REPORTING PERSONS
Karina Daly
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mexico, Permanent US Resident
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 24,600
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OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
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PERSON WITH 9 SOLE DISPOSITIVE POWER
24,600
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
24,600
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.24%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 595073107 13D/A
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1 NAMES OF REPORTING PERSONS
EssigPR Inc.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Mayaguez, PR, USA
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY 126,400
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OWNED BY 8 SHARED VOTING POWER
EACH REPORTING -0-
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PERSON WITH 9 SOLE DISPOSITIVE POWER
126,400
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
126,400
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.23%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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ITEM 1. SECURITY AND ISSUER.
The class of equity security to which this statement relates is the
common stock (the "Common Stock"), no par value per share ("Share"), of
MFIC Corporation, a Newton, Massachuesetts corporation (the "Issuer"). The
address of the principal executive offices of the Issuer is 30 Ossipee Road,
PO Box 9101,Newton, MA 02464.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended to read as follows:
The source of funds used by the Reporting Persons are personal funds of
each such person with respect to the purchases of such person, except
the source of funds used for the purchases by EssigPR, Inc were from
working captial. The Reporting Persons did not borrow any funds to
acquire their respective shares. The following table shows the
APPROXIMATE amounts of funds paid for the Shares by the Reporting
Persons.
Joseph P Daly $852,435
Karina Daly 38,672
EssigPR, Inc. 178,047
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended to read as follows:
(a) The Reporting Persons hereby report beneficial ownership, in the manner
hereinafter described, of 728,000 shares of the Issuer:
Percentage of
Number Of Outstanding
Shares Held in the Name of Shares Security (1)
Joseph P Daly 577,000 5.63%
Karina Daly 24,600 0.24%
EssigPR Inc. 126,400(2) 1.23%
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TOTAL 728,000 7.10%
(1) The foregoing percentages assume that the number of Shares of the Issuer
outstanding,based on the number reported in the Issuer's 10- Q for the
quarter ended September 30, 2007 and the subsequent Form 4 filings is
10,256,732 Shares (as of February 11, 2008).
(2) Shares are held by EssigPR,Inc., a C corporation controlled by
Joseph P. Daly
(b) Joseph P. Daly has sole voting and dispositive power over his shares
enumerated in paragraph (a). Karina Daly has sole voting and dispositive
power over her shares enumerated in paragraph (a). EssigPR, Inc. has shared
voting and dispositive power over its shares enumerated in paragraph (a).
(c) Transactions for the 60 days prior to the date of this Schedule 13D/A:
Person Who Effected the Transaction Transaction Date Number of Shares Purchased Price per Share
Joseph P. Daly 12/14/2007 1000 1.15
Joseph P. Daly 12/17/2007 1100 1.15
Joseph P. Daly 12/17/2007 3500 1.12
Joseph P. Daly 12/18/2007 1000 1.12
Joseph P. Daly 12/20/2007 1900 1.16
Joseph P. Daly 12/24/2007 36577 1.00
Joseph P. Daly 12/26/2007 1123 1.11
Joseph P. Daly 12/27/2007 1100 1.10
Joseph P. Daly 12/28/2007 500 0.95
Joseph P. Daly 01/07/2008 500 1.06
Joseph P. Daly 01/09/2008 1500 1.04
Joseph P. Daly 01/09/2008 650 1.01
Joseph P. Daly 01/11/2008 950 1.03
Joseph P. Daly 01/16/2008 1000 1.05
Joseph P. Daly 01/22/2008 1500 1.05
Joseph P. Daly 01/22/2008 1150 1.03
Joseph P. Daly 01/22/2008 2900 1.02
Joseph P. Daly 02/06/2008 750 1.15
EssigPR 02/01/2008 2000 1.12
EssigPR 02/04/2008 4000 1.20
EssigPR 02/05/2008 2000 1.15
EssigPR 02/06/2008 3000 1.15
EssigPR 02/07/2008 4000 1.15
EssigPR 02/07/2008 500 1.08
EssigPR 02/08/2008 100 1.08
EssigPR 02/08/2008 2500 1.12
EssigPR 02/11/2008 2400 1.08
EssigPR 02/11/2008 4425 1.11
EssigPR 02/11/2008 1475 1.12
Karina Daly 01/07/2008 800 1.08
Karina Daly 02/06/2008 700 1.15
Excluding the private transaction on 12/24/2007, all
transactions were effectuated through open-market purchases,
(d) RIGHT TO RECEIVE OR POWER TO DIRECT: Not applicable.
(e) DATE REPORTING PERSON CEASED TO BE 5% OWNER: 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.
Date: February 11, 2008
/s/ Joseph P Daly
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Print Name: Joseph P Daly
/s/ Karina Daly
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Print Name: Karina Daly
EssigPR, Inc.
By: /s/ Joseph P Daly
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Print Name: Joseph P Daly