Filing Details

 

1.	Names of Reporting Persons:

Wyatts Torch Equity Partners, LP (hereinafter, “Wyatts Torch”)

 

IRS Identification No.:  90-0879006

 

2.	Check the Appropriate Box if a Member of a Group

 

(a)

[ X ]

 

(b)

[   ]

 

3.	SEC Use Only:

 

4.	Source of Funds:  OO

5.	Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):  [   ]

6.	Citizenship or Place of Organization:  Delaware

 

Number of Shares Beneficially Owned by Each Reporting Person with:

 

8.	Shared Voting Power:  0

9.	Sole Dispositive Power:  5,975,275 (includes 3,291,209 shares underlying warrants)

 

10.	Shared Dispositive Power:  0

 

11.	Aggregate Amount Beneficially Owned by Each Reporting Person:  5,975,275 (includes 3,291,209 shares underlying warrants)

12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares:    [   ]

13.	Percent of Class Represented by Amount in Row (11):  20.0%

14.	Type of Reporting Person:  CO

Peter Spinner, Managing Partner of Wyatts Torch

 

 

2.	Check the Appropriate Box if a Member of a Group

 

3.	SEC Use Only:

 

4.	Source of Funds:  PF

5.	Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):  [   ]

 

6.	Citizenship or Place of Organization:  U.S.A.

 

Number of Shares Beneficially Owned by Each Reporting Person with:

 

15.	Shared Voting Power:  0

16.	Sole Dispositive Power:  11,193,899 (includes 192,000 shares underlying options, 2,684,066 shares owned by Wyatts Torch, and 3,291,209 shares underlying warrants owned by Wyatts Torch.  Does not include 1,500,000 shares which vest upon the achievement of performance goals.)

17.	Shared Dispositive Power:  0

 

18.

Aggregate Amount Beneficially Owned by Each Reporting Person:  11,193,899 (includes 192,000 shares underlying options, 2,684,066 shares owned by Wyatts Torch, and 3,291,209 shares underlying warrants owned by Wyatts Torch.  Does not include 1,500,000 shares which vest upon the achievement of performance goals.)

19.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares:    [   ]

20.	Percent of Class Represented by Amount in Row (11):  37.1%

21.	Type of Reporting Person:  IN

 

Item 1.  Security and Issuer

 

 

Item 2.  Identity and Background

 

 

(a)

Name:

Wyatts Torch Equity Partners, LP, formed under the laws of the State of Delaware

Peter Spinner

 

 

(b)	Business Address:

Wyatts Torch Equity Partners, LP, 50 Oak Ridge Avenue, Summit, NJ  07901

Peter Spinner, Managing Partner of Wyatts Torch.  Business Address:  50 Oak Ridge Avenue, Summit, NJ  07901    peter.spinner@gmail.com

 

(c)	Principal business:

Wyatts Torch:  private investment manager

  

Peter Spinner:  Managing Partner of Wyatts Torch

 

(d)  Each reporting person has not, during the last five years, been convicted in a criminal   proceeding (excluding traffic violations or similar misdemeanors).

 

(e)

Each reporting person has not, 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 been made 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

 

The shares that have been acquired by Reporting Persons were acquired with their own funds totaling approximately $1,750,000.

 

 

Item 4.  Purpose of Transaction

 

 

The shares were not acquired by Reporting Persons for any particular purpose, but rather for general investment purposes.  Each Reporting Person currently does not have any plans or proposals which relate to or would result in any of the transactions or circumstances set forth in the instructions to this Item 4 except as set forth immediately below:

 

For the last five years, Wyatts Torch and its Managing Partner, Peter Spinner, have been key supportive stockholders in Mojo Organics, Inc. (the “Company”).  Their involvement began with a $1.5 million investment to support the Company’s development of the Chiquita Tropicals product and its projected launch into Seven Eleven stores nationwide.  The Company’s Pure Coconut Water product was subsequently launched with the help of a $150,000 investment by Wyatts Torch, followed by yet a further $100,000 to support the Company accompanied by $250,000 solicited from friends of Reporting Persons.

 

Reporting Persons are currently under water on every tranche of their investment.

 

Peter Spinner served as a senior executive of the Company for 3^1/2 years, agreeing to being paid in equity in lieu of cash.  He also continues to serve as a director without compensation or directors and officers (D&O) coverage.  The Company’s refusal to provide this customary insurance not only needlessly exposes the current Board to personal liability but makes virtually impossible the recruitment of talented and connected additional directors and executive officers who could add invaluable strategic direction to management.

Despite repeated pleas by Reporting Persons, senior management has refused to abandon and replace what Reporting Persons believe to be a failing financial plan or to give serious consideration to strategic opportunities presented by Reporting Persons.  There is virtually no liquidity for the shares, no known plans to up list to a higher exchange and no believable plan to create substantial value.  All in all, there is no viable strategic plan.

 

Accordingly, Reporting Persons actively seek, with such support as may be offered by fellow stockholders, to fundamentally change the direction of the Company in the immediate future, including, if necessary, by effecting revisions in the Board of Directors and/or senior management.

 

 

Item 5.  Interest in Securities of the Issuer

  

(a)	Reporting Persons beneficially ownership of shares of the issuer’s common stock are as follows:

Wyatts Torch Equity Partners., LP: 5,975,275 (includes 3,291,209 shares underlying warrants) representing 20.0% of the shares of common stock outstanding.

 

Peter Spinner: 11,193,899 (includes 192,000 shares underlying options, 2,684,066 shares owned by Wyatts Torch, and 3,291,209 shares underlying warrants owned by Wyatts Torch (does not include 1,500,000 shares which vest upon the achievement of performance goals) representing 37.1% of common stock outstanding.

 

(b)	Each Reporting Person exercises sole voting power and sole dispositive power over all of the shares ascribed to it in Item 5 (a) above.  Each reporting person does not have any shared power to vote or dispose of said shares.

(c)	In the last 60 days, Reporting Persons have not engaged in any transactions in issuer’s common stock.

(d)

N/A.

(e)

N/A.

 

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

 

There are no contracts, arrangements, understandings or relationships with reporting persons described in the instructions to this Item 6 other than that Peter Spinner, as its Managing Partner, directs the investment and other management decisions of Wyatts Torch.

 

 

Item 7.  Material to Be Filed as Exhibits

 

 There are no exhibits to be filed pursuant to the instructions for this Item 7.

 

Signature

 

 After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

Date:  August 12, 2019

 

 

Wyatts Torch Equity Partners, LP

 By:  /s/ Peter Spinner

      Peter Spinner, its Managing Partner

 

 

Peter Spinner, individually

/s/ Peter Spinner

peter.spinner@gmail.com