SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1 TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SiriCOMM, Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
82967C 10 2
(CUSIP Number of Class of Securities)
Brendon K. Rennert, President
Park Street Acquisition Corporation
P.O. Box 530246
St. Petersburg, Florida
33747-0246 (813) 248-8695
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 21, 2002
(Date of Event which Requires
Filing of this Schedule)
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 ss.ss. 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 Rule 240.13d-7 for other
parties to whom copies are to be sent.
CUSIP No. 82967C 10 2 Page 2 of 5
SCHEDULE 13D
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Park Street Acquisition 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*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
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7 SOLE VOTING POWER
60,000
NUMBER OF --------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 60,000
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
60,000
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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)
.06%
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP No. 82967C 10 2 Page 3 of 5
Item 1. Security and Issuer.
This statement on Schedule 13D ("Schedule 13D") is being filed with
respect to the Common Stock, $0.001 par value (the "Common Stock"), of SiriCOMM,
Inc. (f/k/a Fountain Pharmaceuticals, Inc.), a Delaware corporation (the
"Company"). The Company's principal executive office is located at 2900 David
Boulevard, Suite 130, Joplin, Missouri 64804. The Reporting Person originally
acquired 3,500,000 shares of the Company's Class A Common Stock, $.001 par value
and 100,000 shares of Class B Common Stock, $.001 par value. As a result of the
Company's 60 for 1 reverse split and combination of Classes A and B Common Stock
into a single class of Common Stock, the Reporting Person now owns 60,000 shares
of the Company's Common Stock.
Item 2. Identity and Background.
(a) This statement is filed by Park Street Acquisition Corporation (the
"Reporting Person"), a Florida corporation.
Any disclosures herein with respect to persons other than the Reporting
Person is made on information and belief after making inquiry to the appropriate
party.
(b) The business address of Park Street Acquisition Corporation is P.O.
Box 530246, St Petersburg, Florida 33747.
(c) No officer, director or shareholder of the Reporting Person has,
during the last five years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
(e) Neither the Reporting Person nor, to the best of its knowledge, any
of its directors, executive officers, general partners or members has, 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.
Item 3. Source and Amount of Funds or Other Consideration.
On December 28, 2001, Mr. Brendon Rennert entered into a Pledge and
Escrow Agreement (the "Loan Agreement") with Robert Smith to obtain the funds
for the acquisition of the securities. Pursuant to the terms of the Loan
Agreement, the shares of the Company's common stock and preferred stock are
collateral for the collection of the loan in the aggregate amount of $350,000
which is due March 30, 2002 with interest at 6% per annum.
CUSIP No. 82967C 10 2 Page 4 of 5
Item 4. Purpose of Transaction.
The shares of Common Stock deemed to be beneficially owned by Park
Street Acquisition Corporation were acquired for, and are being held for,
investment purposes. The shares of Common Stock were acquired for the purpose of
acquiring control of the Company and seeking one or more strategic acquisitions.
On November 21, 2002 the Company acquired all of the issued and outstanding
shares of SiriCOMM, Inc. for 9,662,562 shares of the Company's post-split Common
Stock. As a result of this transaction, the Reporting Person's percentage of
ownership was reduced to .06%.
The Reporting Person is below a 5% shareholder and may acquire shares
of Common Stock in open market or private transactions, block purchases or
otherwise. The Reporting Person may continue to hold or dispose of all or some
of the securities reported herein from time to time, in each case in open market
or private transactions, block sales or purchases or otherwise, subject to
compliance with applicable law. Other than as set forth herein, the Reporting
Person has no plans or proposals which relate to, or could result in, any of the
matters referred to in paragraphs (b) through (j), inclusive, of Item 4 of the
Schedule 13D. The Reporting Person may, at any time and from time to time,
review or reconsider his or its position and formulate plans or proposals with
respect thereto, but has no present intention of doing so.
Item 5. Interest in Securities of the Issuer.
(a) As of the close of business on November 21, 2002, the Reporting
Person was the beneficial owner, within the meaning of Rule 13d-3 under the
Exchange Act, of 60,000 shares of Common Stock. As of November 21, 2002, these
shares represented .06% of the 9,760,492 total shares of Common Stock
outstanding after the acquisition of SiriCOMM. As a result of the foregoing,
Park Street no longer is the owner of grater than 5% of the Company's Common
Stock.
(b) The Reporting Person has the sole power to vote or dispose of, or
to direct the vote or disposition of the Common Stock as set forth on the cover
sheet of this Schedule 13D.
(c) There have been no transactions involving the shares of Common
Stock of the Company engaged in during the 60 day period prior to and including
October 3, 2001 up to the present.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
On December 28, 2001, Mr. Brendon Rennert entered into a Pledge and
Escrow Agreement (the "Loan Agreement") with Robert Smith to obtain the funds
for the acquisition of the securities. Pursuant to the terms of the Loan
Agreement, the shares of the Company's common stock and preferred stock are
collateral for the collection of the loan in the aggregate amount of $350,000
which is due March 30, 2002 with interest at 6% per annum.
Item 7. Material to be Filed as Exhibits.
None.
CUSIP No. 82967C 10 2 Page 5 of 5
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Park Street Acquisition Corporation
Dated: November 25, 2002 /s/ Brendon K. Rennert
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Brendon K. Rennert, President