CUSIP No. 48206Q-10-3
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1. Name of Reporting Person
TIMOTHY JOHN STABOSZ
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2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_]
NOT APPLICABLE (b) [_]
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3. SEC Use Only
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4. Source of Funds (See Instructions) PF
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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 UNITED STATES
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Number of (7) Sole Voting Power 1,852,836
Shares ____________________________________________
Beneficially (8) Shared Voting Power 0
Owned by ____________________________________________
Each (9) Sole Dispositive Power 1,852,836
Reporting ____________________________________________
Person With (10) Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned 1,852,836
by each Reporting Person
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12. Check if the Aggregate Amount in Row (11) Excludes [_]
Certain Shares
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13. Percent of Class Represented by Amount in Row (11) 9.8%
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14. Type of Reporting Person (See Instructions) IN
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ITEM 1. Security and Issuer
Common stock of Jupiter Marine International Holdings Inc., 1103 12th Avenue
East, Palmetto, FL 34208.
ITEM 2. Identity and Background
Timothy Stabosz, of 1307 Monroe Street, LaPorte, IN 46350, a natural person
and United States citizen, is engaged as a private investor. He has not been
convicted in a criminal proceeding (excluding traffic violations or other
similar misdemeanors) in the last 5 years, and has not been a party to any
allegations, proceedings, judgements, or enjoinments of or related to violations
of state or federal securities laws in his lifetime.
ITEM 3. Source and Amount of Funds or Other Consideration
Personal funds in the aggregate amount of $184,412.07 have been used to effect
the purchases. No part of the purchase price represents borrowed funds.
ITEM 4. Purpose of Transaction
Respondent is filing this amendment to the original Form 13D filing (dated
Sept. 14, 2007) to reflect an increase in his ownership percentage of Jupiter
Marine Common Stock from 7.6% to 9.8%.
Respondent continues to oppose Jupiter Marine's proposed reverse merger with
Diamond Information Institute as a breach of fiduciary responsibility on the
part of Jupiter Marine's majority (management) shareholders, and a blatant act
of management "self-dealing," and continues to seek the abandonment of the
transaction. Respondent believes the dramatic 40%+ plunge in Jupiter Marine's
stock price, since the announcement of the transaction (despite respondent's
significant open market purchases), evidences the market's belief that the
proposed deal represents a huge destruction of value for minority share-
holders, and a direct expropriation on the part of Jupiter Marine's majority
shareholders (who are going from 53% control of the boat business to 100%)
from the pockets of the minority.
Respondent has written a letter to Diamond management, dated September 26, 2007,
which is attached hereto, requesting that the Diamond deal be scuttled.
Respondent hastens to point out that he now is the second largest shareholder
in Jupiter Marine, surpassing actual share ownership (excluding unexercised
options) of CFO Lawrence Tierney, and believes that he (and the other minority
Jupiter shareholders, for that matter) have just as much right to maintain
their ownership interest in the boat business, as Mr. Tierney does.
ITEM 5. Interest in Securities of the Issuer
As of September 27, 2007, respondent has sole voting and dispositive power over
1,852,836 shares of Jupiter Marine International Holdings Inc. common stock.
According to the the company's latest 10-Q filing, as of May 25, 2007, there
were 18,863,861 common shares outstanding. Respondent is therefore deemed to
own 9.8% of the company's common stock. Transactions effected by the
respondent since the original 13D filing, dated Sept. 14, 2007, were performed
in ordinary brokerage transactions, on the OTC Bulletin Board, and are indicated
as follows:
09/17/07 purchased 205,000 shares @ $.067
09/18/07 purchased 6,350 shares @ $.066
09/19/07 purchased 175,000 shares @ $.067
09/20/07 purchased 25,000 shares @ $.068
ITEM 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Not Applicable
ITEM 7. Material to be Filed as Exhibits
Letter to Diamond Information Institute (aka Bergio, Inc.) President Berge
Abajian, dated Sept. 26, 2007, is attached. (ATTACHMENT INADVERTANTLY LEFT
OFF OF ORIGINAL FILING OF AMENDMENT 1. NO CHANGE IN AMENDEMENT 1, EXCEPT
FOR PROPER INCLUSION OF ATTACHMENT.)
SIGNATURES
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 09/27/07
Signature Timothy J. Stabosz
Name/Title Timothy J. Stabosz, Private Investor
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