Filing Details

  

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

§240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO §240.13d -2(a)

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

Creative Learning Corporation

(Name of Issuer)

 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

22529R106

(CUSIP Number)

 

Blake Furlow

2110 N Westgate

Boise, ID 83704

Attn: Blake Furlow

Tel, No.: (208) 724-7443

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

April, 17, 2017

(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 §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 §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s 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.

 

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).

 

 

 

CUSIP No.: 554142109

SCHEDULE 13D

Page 2 of 6

 

1.	NAMES OF REPORTING PERSONS   Blake Furlow and Anik Furlow.
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a)        ¨   (b)        ¨
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (SEE INSTRUCTIONS)   PF.
5.	CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
6.	CITIZENSHIP OR PLACE OF ORGANIZATION   Idaho, United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7.	SOLE VOTING POWER   468,629
	8.	SHARED VOTING POWER   0
	9.	SOLE DISPOSITIVE POWER   468,629
	10.	SHARED DISPOSITIVE POWER   0

11.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   417,600 in the name of Blake Furlow and 51,029 in the name of Anik Furlow
12.	CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   ¨
13.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   3.9%
14.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)   IN

 

 

CUSIP No.: 554142109

SCHEDULE 13D

Page 3 of 6

 

Item 1.

Security and Issuer.

 

This statement on Schedule 13D ("Schedule 13D") filed by Blake Furlow and Anik Furlow (collectively, the "Reporting Persons") relates to the shares of common stock, par value $0.0001 ("Common Stock") of Creative Learning Corporation (the "Issuer"). The principal executive offices of the Issuer are located at 701 Market Street, Suite 113, St. Augustine, FL 32095.

 

Item 2.

Identity and Background.

 

(a) This statement on Schedule 13D is being filed with respect to the shares of the Issuer's Common Stock held by Blake Furlow and Anik Furlow, who are related by marriage as husband and wife, have voting and investment power over the securities held.

 

(b) The address of the Reporting Person is 2110 N Westgate Dr. Boise, ID.

 

(c) Blake Furlow and Anik Furlow are the owners of commercial properties and Boise Escape LLC.

 

(d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction where, as a result of such proceeding, it was or he became 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

 

Blake Furlow and Anik Furlow acquired 468,629 shares of Common Stock through open market transactions beginning in March of 2015 and entered into a purchase agreement for 500,000 shares of Common Stock through one private party transaction on April 17, 2017.

 

Item 4.

Purpose of Transaction.

 

The Issuer is a leading Franchisor of Lego based STEM after school programs and camps. The Reporting Persons believe the stock is undervalued and an attractive investment.

 

The Reporting Persons intend to engage in discussions with the Issuer and Issuer’s management and board of directors, other stockholders of the Issuer and other interested parties that may relate to the governance and board composition, business, operations, cost structure, management, assets, capitalization, financial condition, strategic plans, and the future of the Issuer.

 

The Reporting Persons may also propose or take one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D, including but not limited to, solicitation of proxies or consents, and may discuss such actions with the Issuer and Issuer’s management and the board of directors, other stockholders of the Issuer and other interested parties.

 

The Reporting Persons intend to review their investments in the Issuer on a continuing basis. Depending on various factors and subject to the obligations described herein, including, without limitation, the Issuer’s financial position and strategic direction, actions taken by the board of directors, price levels of shares of Common Stock, other investment opportunities available to the Reporting Persons, concentration of positions in the portfolios managed by the Reporting Persons, tax considerations, market conditions and general economic and industry conditions, the Reporting Persons may take such actions with respect to their investments in the Issuer as they deem appropriate, including, without limitation, purchasing additional shares of Common Stock or other financial instruments related to the Issuer or selling some or all of their beneficial or economic holdings, and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D.

 

 

CUSIP No.: 554142109

SCHEDULE 13D

Page 4 of 6

 

Item 5.

Interest in Securities of the Issuer.

 

(a) The Reporting Persons may be deemed to beneficially own an aggregate of 468,629 shares of Common -Stock representing approximately 3.9% of the issued shares of Common Stock of the Issuer based on 11,936,309 shares of Common Stock outstanding as disclosed in the Issuer’s most recent Form 10-K filed September 9, 2016. The Reporting Persons have sole voting power of 468,629 shares of Common Stock. Upon completion of the stock purchase agreement dated April 17, 2017 the Reporting Persons may be deemed to beneficially own 968,629 shares representing approximately 8.1% of Common Stock of the Issuer.

 

(b) The Reporting Persons have the sole power to vote and the sole power to dispose of each of 468,629 shares of Common Stock which they may be deemed to beneficially own.

 

(c) The Reporting Persons have not purchased or received any shares of Common Stock since April 21, 2017.

 

(d) Not applicable.

 

(e) Not applicable.

 

Item 6.

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

 

Blake Furlow has a right of first refusal to purchase all shares beneficially owned by Brian Pappas and FranVentures at which time Seller decides to sell. Brian Pappas and FranVentures are believed to beneficially own 1,213,249 based on information contained in Form 4 filed by Brian Pappas on 4/5/17.

 

Item 7.

Material to be Filed as Exhibits.

 

1. Not applicable.

 

 

CUSIP No.: 554142109

SCHEDULE 13D

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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: April  27, 2016	Blake Furlow.
	By	/s/ Blake Furlow
	Anik Furlow
	/s/ Anik Furlow
	Anik Furlow

 

 

CUSIP No.: 554142109

SCHEDULE 13D

Page 6 of 6

 

Appendix A

 

The name and present principal occupation or employment and material occupations, positions, offices or employment for the past five years of Blake Furlow and Anik Montpetit are set forth below.

 

Name		Present Principal Occupation or Employment; Material Positions Held During the Past Five Years;   Citizenship		Business Address
Blake Furlow		Owner of Boise Escape LLC since February 2015,     Real Estate investing since 2009,     Pay Day Loan Rescue, from 2006-2013.		1074 Cole LLC Boise, ID 83704   2110 N Westgate Boise, ID 83704   1915 W State ST #331 Boise, ID 83702
Anik Furlow		Owner of Boise Escape LLC since February 2015.     Real Estate investing since 2014,     Travel and Lodging coordinator for Cirque Du Soleil from 2008-2015.		1074 Cole Boise, ID 83704   2110 N Westgate Boise, ID 83704   8400 2e Avenue, Montréal, Canada