UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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)
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
CRESUD SOCIEDAD ANÓNIMA COMERCIAL INMOBILIARIA FINANCIERA y AGROPECUARIA
Common Stock, Par Value 1.00 Peso per Share
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(Title of Class of Securities)
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226406106
Saúl Zang
Juan Manuel Quintana
Carolina Zang
María de los
Ángeles del Prado
Estudio Zang, Bergel y Viñes
Florida 537, 18
th
Floor
Buenos Aires, Argentina
+54(11) 4322-0033
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
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July 22, 2008
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(Date of Event which Requires Filing of this Statement)
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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), Rule 13d-1(f) or Rule 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 for other parties to whom copies are to be sent.
*
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The remainder of this cover page shall be filled out for a reporting persons 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.
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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
).
SCHEDULE 13D
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CUSIP No. 226406106
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Page 2 of 15 Pages
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1.
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Eduardo S. Elsztain
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
x
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC - OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Argentina
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7. SOLE VOTING POWER
43,496
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8. SHARED VOTING POWER
187,405,502
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9. SOLE DISPOSITIVE POWER
43,496
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10. SHARED DISPOSITIVE POWER
191,178,127
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
191,221,623
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.10%
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14.
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TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
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CUSIP No. 226406106
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Page 3 of 15 Pages
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1.
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
IFIS Limited
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
x
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC - OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7. SOLE VOTING POWER
0
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8. SHARED VOTING POWER
187,405,502
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
191,221,623
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
191,221,623
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.10%
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14.
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TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP No. 226406106
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Page 4 of 15 Pages
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1.
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Inversiones Financieras del Sur S.A.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
x
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC - OO - BK
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Uruguay
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7. SOLE VOTING POWER
0
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8. SHARED VOTING POWER
187,405,502
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
191,221,623
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
191,221,623
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.10%
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14.
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TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP No. 226406106
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Page 5 of 15 Pages
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1.
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Consultores Assets Management S.A.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
x
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC - OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Argentina
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7. SOLE VOTING POWER
0
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8. SHARED VOTING POWER
187,405,502
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
191,221,623
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
191,221,623
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.10%
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14.
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TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP No. 226406106
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Page 6 of 15 Pages
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1.
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Consultores Venture Capital Uruguay S.A.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
x
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC - OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Uruguay
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7. SOLE VOTING POWER
0
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8. SHARED VOTING POWER
187,405,502
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
191,221,623
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
191,224,623
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.10%
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14.
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TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP No. 226406106
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Page 7 of 15 Pages
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1.
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Consultores Venture Capital Limited
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
x
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC - OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7. SOLE VOTING POWER
0
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8. SHARED VOTING POWER
187,405,502
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
191,221,623
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
191,221,623
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.10%
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14.
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TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP No. 226406106
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Page 8 of 15 Pages
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1.
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Dolphin Fund PLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
x
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Isle of Man
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7. SOLE VOTING POWER
3,816,121
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8. SHARED VOTING POWER
0
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9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
191,221,623
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
191,221,623
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.10%
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14.
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TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP No. 226406106
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Page 9 of 15 Pages
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STATEMENT PURSUANT TO RULE 13d-1 OF THE
GENERAL RULES AND REGULATIONS UNDER THE
SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED
AMENDMENT No. 7 TO SCHEDULE 13D
This Amendment No. 7 Schedule 13D (Amendment No. 7) amends and restates Items 3, 4 and 5 of the Schedule 13D
filed by the Reporting Persons with the SEC (the Schedule 13D). Capitalized terms used in
this Amendment No. 7 but not defined herein have the meaning given to such terms in the Schedule 13D, as amended and restated from time to time.
SCHEDULE 13D
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CUSIP No. 226406106
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Page
10
of 15 Pages
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Item 3.
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Source and Amount of Funds or Other Consideration
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As of July 22, 2008, the Cresud common shares beneficially owned by the Reporting Persons consisted of 191,221,623 shares, representing 34.10% of Cresuds share capital on a fully diluted basis (i.e., assuming that all of the
outstanding New Warrants to acquire common shares are exercised by the holders thereof).
The funds used to purchase the Cresud common
shares and New Warrants were derived from (i) working capital, (ii) loan agreements entered into with Credit Suisse International and Citibank N.A., (iii) capital contributions received from IFIS shareholders, and (iv) a margin
account at Raymond James.
Item 4.
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Purpose of Transaction
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Since
March 31, 2008, the Reporting Persons reduced their beneficial ownership of Cresud common shares by selling shares representing a 1.17% decrease (net of purchases of common shares since such date) of Cresuds share capital on a fully
diluted basis. Such decrease was the net result of net sales (net of purchases in the open market) of 8,542,076 Cresuds common shares acquired in the open market.
Additionally the Reporting Persons acquired 5,954,823 New Warrants in the open market.
Except as described
above, neither the Reporting Persons nor, to their knowledge, any person named in Schedule A previously filed, has any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through
(j) of Item 4 of Schedule 13D.
These transactions were effected from April 1, 2008, to July 22, 2008 (the
Transaction Period).
Item 5.
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Interests in Securities of the Issuer
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(a)
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As of July 22, 2008, the Reporting Persons beneficially owned 191,221,623 common shares of Cresud, representing 34.10% of its share capital on a fully diluted basis.
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The following is a description of the Reporting Persons beneficial ownership of Cresud common shares as of
July 22, 2008:
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Shareholder
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Number of
Shares
Currently
Owned(1)
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% of
Currently
Outstanding
Shares(1)
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New Warrants
Outstanding
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Number of
Common Shares
on Fully Diluted
Basis(2)
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% of Common
Shares on a
Fully Diluted
Basis(2)
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Reporting Persons
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166,065,733
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33.11
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%
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75,467,670
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191,221,623
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34.10
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%
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Total
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501,531,865
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177,728,710
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560,774,772
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(1) Does not take into account any exercise of New Warrants outstanding as of July 22, 2008.
(2) Assuming that all holders of outstanding New Warrants (including the Reporting Persons) exercise all such New Warrants. Elsztain is
the Chairman of the Board of Directors of IFIS, IFISA, Cresud, Dolphin, CAM, CVC Uruguay and CVC Cayman. Elsztain is the beneficial owner of 36.46% of IFIS, including: (a) 15.97% owned directly, (b) 1.62% owned indirectly through CVC
Uruguay, (c) 9.44% owned indirectly through Dolphin and (c) 9.43% owned indirectly through CVC
SCHEDULE 13D
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CUSIP No. 226406106
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Page
11
of 15 Pages
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Cayman. Elsztain owns 85.0% of CAM which owns 100% of CVC Uruguay which in turn owns 100% of CVC Cayman. On March 11, 2008, Elsztain signed an
Irrevocable Proxy with Baldwin Enterprises Inc. (Baldwin) in which he agreed to cause CVC Cayman, in its capacity as the investment manager of Dolphin, to relinquish voting rights only with respect to any common shares of IFIS, IFISA,
IRSA and Cresud owned by Dolphin in favor of the independent directors of Dolphin. Thus, Elsztain by virtue of his position and voting power may be deemed to have voting power equal to 26.36% of IFIS voting rights.
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(i)
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IFIS is the direct owner of 100% of the common shares of IFISA.
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(ii)
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IFISA is the direct owner of 187,171,388 shares of Cresud common shares representing approximately 33.38% of Cresuds common shares on a fully diluted basis.
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(iii)
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Dolphin Fund directly owns 9.44% of IFIS and 0.68% of Cresud on a fully diluted basis.
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(iv)
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CVC Cayman serves as the Investment Manager of Dolphin Fund Plc and IFIS and does not own Cresud common shares.
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(v)
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CAM directly owns 0.03% of Cresud on a fully diluted basis.
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Set forth below is a diagram of the Reporting Persons beneficial ownership on a fully diluted basis of Cresud as of July 22, 2008:
Ownership structure
SCHEDULE 13D
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CUSIP No. 226406106
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Page
12
of 15 Pages
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Subject to, among other things, availability at prices deemed favorable, the Reporting Persons may
purchase additional New Warrants (as defined herein) and/or common shares of Cresud from time to time in the open market, in privately negotiated transactions or otherwise.
Given the foregoing, the Reporting Persons may be deemed to be the beneficial owners of 166,065,733 common shares, representing 33.11% of the issued and
outstanding common shares of Cresud, as of July 22, 2008.
As of July 22, 2008, assuming that (i) the Reporting Persons
exercise all of their New Warrants to acquire additional common shares of Cresud and (ii) none of the other holders of the New Warrants exercise such warrants, the Reporting Persons would control 36.31% of the common shares of Cresud.
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a)
|
Except as set forth from Paragraph (i) to (iii) of this Item 5(a), to the knowledge of the Reporting Persons, none of the Reporting Persons beneficially own any
common shares of Alto Palermo.
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b)
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Item 5(a) is incorporated herein by reference.
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c)
|
Transactions by the Reporting Persons or other persons named in Schedule A previously filed in Cresud common shares and New Warrants that were effected during the last sixty days
are listed on Annex I, which is incorporated herein by reference.
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SCHEDULE 13D
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CUSIP No. 226406106
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Page
13
of 15 Pages
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Annex 1
Transactions by the Reporting Persons or persons named in Schedule A previously filed
that were effected during the last 60 days.
IFISs transactions in CRESUD ADR
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Tran Type
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Trade Date
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Quantity (Units)
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Price per Unit
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Place
|
Sell
|
|
5/22/2008
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|
(3,600.00
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)
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$
|
16.0361
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|
NASDAQ
|
Sell
|
|
5/27/2008
|
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(44,800.00
|
)
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$
|
16.0112
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|
NASDAQ
|
Buy
|
|
5/30/2008
|
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3,930.00
|
|
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$
|
14.8384
|
|
NASDAQ
|
Sell
|
|
6/3/2008
|
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(3,000.00
|
)
|
|
$
|
15.0078
|
|
NASDAQ
|
Sell
|
|
6/4/2008
|
|
(40,434.00
|
)
|
|
$
|
15.0091
|
|
NASDAQ
|
Sell
|
|
6/5/2008
|
|
(30,000.00
|
)
|
|
$
|
15.1747
|
|
NASDAQ
|
Sell
|
|
6/5/2008
|
|
(15,500.00
|
)
|
|
$
|
15.1956
|
|
NASDAQ
|
Sell
|
|
6/6/2008
|
|
(3,600.00
|
)
|
|
$
|
15.4042
|
|
NASDAQ
|
Sell
|
|
6/11/2008
|
|
(11,000.00
|
)
|
|
$
|
15.2075
|
|
NASDAQ
|
Sell
|
|
6/11/2008
|
|
(35,000.00
|
)
|
|
$
|
15.2214
|
|
NASDAQ
|
Sell
|
|
6/12/2008
|
|
(30,000.00
|
)
|
|
$
|
15.2414
|
|
NASDAQ
|
Sell
|
|
6/12/2008
|
|
(30,000.00
|
)
|
|
$
|
15.2640
|
|
NASDAQ
|
Sell
|
|
6/13/2008
|
|
(12,000.00
|
)
|
|
$
|
15.2554
|
|
NASDAQ
|
Sell
|
|
6/13/2008
|
|
(17,600.00
|
)
|
|
$
|
15.2539
|
|
NASDAQ
|
Sell
|
|
6/16/2008
|
|
(2,148.00
|
)
|
|
$
|
15.3000
|
|
NASDAQ
|
Sell
|
|
6/17/2008
|
|
(10,000.00
|
)
|
|
$
|
15.2550
|
|
NASDAQ
|
Sell
|
|
6/17/2008
|
|
(10,800.00
|
)
|
|
$
|
15.2610
|
|
NASDAQ
|
Sell
|
|
6/18/2008
|
|
(2,800.00
|
)
|
|
$
|
15.1471
|
|
NASDAQ
|
Sell
|
|
6/18/2008
|
|
(100.00
|
)
|
|
$
|
15.0000
|
|
NASDAQ
|
Sell
|
|
6/19/2008
|
|
(20,000.00
|
)
|
|
$
|
15.0875
|
|
NASDAQ
|
Sell
|
|
6/19/2008
|
|
(15,200.00
|
)
|
|
$
|
15.0592
|
|
NASDAQ
|
Sell
|
|
6/20/2008
|
|
(10,000.00
|
)
|
|
$
|
15.0021
|
|
NASDAQ
|
Sell
|
|
6/20/2008
|
|
(36,838.00
|
)
|
|
$
|
15.0067
|
|
NASDAQ
|
Sell
|
|
6/23/2008
|
|
(17,668.00
|
)
|
|
$
|
15.0038
|
|
NASDAQ
|
Sell
|
|
6/23/2008
|
|
(5,000.00
|
)
|
|
$
|
15.0000
|
|
NASDAQ
|
Sell
|
|
6/24/2008
|
|
(7,912.00
|
)
|
|
$
|
15.0003
|
|
NASDAQ
|
Sell
|
|
6/24/2008
|
|
(1,500.00
|
)
|
|
$
|
15.0000
|
|
NASDAQ
|
Sell
|
|
6/25/2008
|
|
(34,421.00
|
)
|
|
$
|
15.0466
|
|
NASDAQ
|
Sell
|
|
6/26/2008
|
|
(58,445.00
|
)
|
|
$
|
15.0971
|
|
NASDAQ
|
Sell
|
|
6/26/2008
|
|
(5,200.00
|
)
|
|
$
|
15.0727
|
|
NASDAQ
|
Sell
|
|
6/27/2008
|
|
(100.00
|
)
|
|
$
|
15.0100
|
|
NASDAQ
|
Sell
|
|
6/30/2008
|
|
(2,500.00
|
)
|
|
$
|
15.0200
|
|
NASDAQ
|
Sell
|
|
6/30/2008
|
|
(12,450.00
|
)
|
|
$
|
15.0166
|
|
NASDAQ
|
IFIS s transactions in CRESUD New Warrants
|
|
|
|
|
|
|
|
|
|
|
Tran Type
|
|
Trade Date
|
|
Quantity (Units)
|
|
|
Price per Unit
|
|
Place
|
Buy
|
|
5/29/2008
|
|
35,875.00
|
|
|
|
ARS 0.8098
|
|
Buenos aires Stock Exchange
|
Sell
|
|
5/29/2008
|
|
(8,000.00
|
)
|
|
$
|
0.2850
|
|
NASDAQ
|
Sell
|
|
6/4/2008
|
|
(26,100.00
|
)
|
|
$
|
0.3319
|
|
NASDAQ
|
Sell
|
|
6/5/2008
|
|
(5,000.00
|
)
|
|
$
|
0.3300
|
|
NASDAQ
|
Sell
|
|
6/6/2008
|
|
(250.00
|
)
|
|
$
|
0.3300
|
|
NASDAQ
|
SCHEDULE 13D
|
|
|
|
|
CUSIP No. 226406106
|
|
|
|
Page
14
of 15 Pages
|
|
|
|
|
|
|
|
|
|
|
Buy
|
|
6/11/2008
|
|
190,169.00
|
|
|
ARS 0.7500
|
|
Buenos aires Stock Exchange
|
Buy
|
|
6/20/2008
|
|
500,000.00
|
|
|
ARS 0.7500
|
|
Buenos aires Stock Exchange
|
Buy
|
|
6/20/2008
|
|
4,475,945.00
|
|
$
|
0.2280
|
|
NASDAQ
|
Buy
|
|
7/15/2008
|
|
50,000.00
|
|
|
ARS 0.7300
|
|
Buenos aires Stock Exchange
|
Dolphin s transactions in CRESUD ADR
|
|
|
|
|
|
|
|
|
|
Tran Type
|
|
Trade Date
|
|
Quantity (Units)
|
|
Price per Unit
|
|
Place
|
Buy
|
|
5/30/2008
|
|
3,500.00
|
|
$
|
14.8384
|
|
NASDAQ
|
Buy
|
|
6/3/2008
|
|
1,400.00
|
|
$
|
14.9129
|
|
NASDAQ
|
Dolphin s transactions in CRESUD New Warrants
|
|
|
|
|
|
|
|
|
|
|
Tran Type
|
|
Trade Date
|
|
Quantity (Units)
|
|
|
Price per Unit
|
|
Place
|
Sell
|
|
5/30/2008
|
|
(107,045.00
|
)
|
|
$
|
0.4093
|
|
NASDAQ
|
Sell
|
|
6/3/2008
|
|
(60,000.00
|
)
|
|
$
|
0.3500
|
|
NASDAQ
|
SCHEDULE 13D
|
|
|
|
|
CUSIP No. 226406106
|
|
|
|
Page
15
of 15 Pages
|
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this Statement on Schedule 13D is true, complete and correct.
DATED: July 22, 2008
|
|
|
|
|
|
|
|
|
Eduardo S. Elsztain
|
|
|
|
Consultores Venture Capital Uruguay
|
|
|
|
|
|
By:
|
|
/S/ Eduardo S. Elsztain
|
|
|
|
By:
|
|
/S/ Eduardo S. Elsztain
|
Name:
|
|
Eduardo S. Elsztain
|
|
|
|
Name:
|
|
Eduardo S. Elsztain
|
|
|
|
|
|
|
Title:
|
|
Chairman of the Board
|
|
|
|
IFIS Limited
|
|
|
|
Consultores Assets Management S.A.
|
|
|
|
|
|
By:
|
|
/S/ Eduardo S. Elsztain
|
|
|
|
By:
|
|
/S/ Eduardo S. Elsztain
|
Name:
|
|
Eduardo S. Elsztain
|
|
|
|
Name:
|
|
Eduardo S. Elsztain
|
Title:
|
|
Chairman of the Board
|
|
|
|
Title:
|
|
Chairman of the Board
|
|
|
|
Inversiones Financieras del Sur S.A.
|
|
|
|
Consultores Venture Capital Limited
|
|
|
|
|
|
By:
|
|
/S/ Eduardo S. Elsztain
|
|
|
|
By:
|
|
/S/ Eduardo S. Elsztain
|
Name:
|
|
Eduardo S. Elsztain
|
|
|
|
Name:
|
|
Eduardo S. Elsztain
|
Title:
|
|
Chairman of the Board
|
|
|
|
Title:
|
|
Chairman of the Board
|
|
|
|
|
Dolphin Fund PLC
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
|
/S/ Eduardo S. Elsztain
|
|
|
|
|
|
|
Name:
|
|
Eduardo S. Elsztain
|
|
|
|
|
|
|
Title:
|
|
Chairman of the Board
|
|
|
|
|
|
|
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