UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A-1
Under the Securities Exchange Act of 1934
SYNERGX SYSTEMS INC
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(Name of Issuer)
Common Stock, $.001 Par Value
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(Title of Class of Securities)
87160C 10 6
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(CUSIP NUMBER)
Investors Money Management Corporation
289 Avenue Montjoie
Box 13
1180 Brussels
Belgium
(Administrative offices)
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 7, 2004
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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 toreport
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e)(f) or (g) check the following box [ ].
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section18 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.
SCHEDULE 13D/A
CUSIP No. 87160C 10 6
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Investors Money Management Corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
NA
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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
Liberia
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NUMBER OF 7 SOLE VOTING POWER
SHARES 455,000 shares
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 455,000 shares
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
455,000 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.1%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
SCHEDULE 13D/A
CUSIP No. 87160C 10 6
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morton Rabin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
NA
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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
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NUMBER OF 7 SOLE VOTING POWER
SHARES 455,000 shares
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 455,000 shares
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PERSON WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
455,000 shares
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.1%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
ITEM 1. SECURITY AND ISSUER
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Remains as reported on the Schedule 13D filed on October 2 , 2002
ITEM 2. IDENTITY AND BACKGROUND
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Remains as reported on the Schedule 13D filed on October 2, 2002
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
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NA
ITEM 4. PURPOSE OF THE TRANSACTION
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Item 4 has been supplemented as follows:
The Reporting Persons disposed of the securities referred to herein in the
ordinary course of their business. The Reporting Persons do not have any present
plans or proposals that relate to or would result in any of the actions required
to be described in Item 4 of Schedule 13D. The Reporting Persons may, at any
time, review or reconsider its position with respect to the Company and
formulate plans or proposals with respect to any of such matters, but has no
present intention of doing so.
The Reporting Persons may in the future consider a variety of different
alternatives to achieving their goal of maximizing their value, including
negotiated transactions, tender offers, proxy contests, consent solicitations,
or other actions. However, it should not be assumed that such persons will take
any of the foregoing actions. The Reporting Persons reserve the right to
participate, alone or with others, in plans, proposals or transactions of a
similar or different nature with respect to the Company.
The Reporting Persons intend to review their investment in the Company on a
continuing basis and, depending on various factors, including the Company's
business, affairs and financial position, other developments concerning the
Company, the price level of the Common Stock, conditions in the securities
markets and general economic and industry conditions, as well as other
investment opportunities available to them, may in the future take such actions
with respect to their investment in the Company as they deem appropriate in
light of the circumstances existing from time to time. Such actions may include,
without limitation, the purchase of additional shares of Common Stock in the
open market and in block trades, in privately negotiated transactions or
otherwise, the sale at any time of all or a portion of the Common Stock now
owned or hereafter acquired by them to one or more purchasers, the purchase or
sale of derivative instruments the underlying security of which is shares of the
Issuer, or the distribution in kind at any time of all or a portion of the
Common Stock now owned or hereafter acquired by them.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
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Item 5 has been amended and restated as follows:
The amount of Shares of common stock has changed as a result of a 2 for 1
stock split, payable as a stock dividend, effected by the issuer on July 25,
2003.
(a) Amount Beneficially Owned:
The following transactions were effected by the Reporting Persons during
the past sixty (90) days that resulted in the reported change in beneficial
ownership:
Amount of Shares Approximate Price per Share
Date Security Bought/(Sold) (inclusive of commissions)
10/31/2003 Common Shares 50,000 $3.25
12/01/2003 Common Shares 50,000 $3.35
12/31/2003 Common Shares 25,000 $3.45
12/31/2003 Common Shares 50,000 $3.45
01/07/2004 Common Shares 50,000 $3.60
(i) IMM is now the beneficial owner of 455,000 shares of Common Stock
(which includes warrants to purchase 340,000 shares of Common Stock at $.70 per
share), which represents 9.1% of the Common Stock that would be issued and
outstanding.
(ii) By virtue of his 100% ownership of IMM, Mr. Rabin is now the
beneficial owner of the 455,000 shares of Common Stock held by IMM, which
represents 9.1% of the Common Stock that would be issued and outstanding.
(b) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote
IMM 455,000
Mr. Rabin 455,000
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct disposition
IMM 455,000
Mr. Rabin 455,000
(iv) Shared power to dispose or to direct disposition: 0
(c) Other than the transactions detailed in ITEM 4. and ITEM 5. above, neither
Reporting Person has effected any transactions in the Common Stock in the
past 60 days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
See ITEM 4 above.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
N/A
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. Pursuant to Rule 13d-1(k)(1), we agree that this statement is filed on
behalf of each of us.
Dated: January 23, 2004
INVESTORS MONEY MANAGEMENT CORPORATION
By:/s/MORTON RABIN
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Morton Rabin, President
MORTON RABIN
/s/MORTON RABIN
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SCHEDULE A
Remains as reported on the Schedule 13D filed on October 2, 2002