UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. ____)*
P.D.C. Innovative Industries, Inc. 501
South Dakota Avenue, Suite 1
Tampa, FL 33606
(813-258-0606
May 5, 2004
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), 13d-1(f) or 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.
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 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. 693275307 13D Page 1 of 4 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Granite Equities, Inc.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_] (b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable - transfer for estate planning purposes
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
--------------------------------------------------------------------------------
7 SOLE VOTING POWER 11,500,000
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER 11,500,000
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER -0-
WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,500,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------
|
CUSIP No. 693275307 13D Page 2 of 4 Pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Sharon Smith
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable - transfer for estate planning purposes
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER -0-
NUMBER OF
SHARES _________________________________________________________________
8 SHARED VOTING POWER 11,500,000(1)
BENEFICIALLY
OWNED BY
-----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER -0-
REPORTING
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER 11,500,000(1)
WITH
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,500,000(1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
(1) The reporting person expressly disclaims beneficial ownership of any shares
other than the shares owned of record, if any, by such reporting person. The
filing of this Schedule 13D shall not be deemed to be an admission that any
reporting person is, for the purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, as amended, the beneficial owner of any
securities covered by this Schedule 13D.
|
CUSIP No.693275307 13D Page 3 of 4 Pages
--------------------------------------------------------------------------------
Item 1. Security and Issuer.
Common Stock, $.001 par value
P.D.C. Innovative Industries, Inc.
501 South Dakota Avenue, Suite 1
Tampa, FL 33606
--------------------------------------------------------------------------------
Item 2. Identity and Background.
(a) Granite Equities, LLC, a Florida limited liability company and
Sharon Smith
(b) Granite Equities, LLC Sharon Smith
1840 S.W. 22nd Street, PMB-4-198 1840 S.W. 22nd Street
Miami, Florida 33145 Miami, Florida 33145
(c) Granite Equities, LLC's principal business is real estate
and investments.
Sharon Smith has a 50% interest in Granite Equities, LLC.
(d) During the last five years, the Reporting Persons have not been
convicted in a criminal proceeding.
(e) During the last five years, the Reporting Person have not been a
party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which either of
such reporting persons were 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.
(f) Granite Equities, LLC is a Florida corporation and Sharon Smith
is an American citizen.
--------------------------------------------------------------------------------
Item 3. Source and Amount of Funds or Other Consideration.
No consideration was involved in this transaction as the
reported transaction was effected for estate planning purposes.
--------------------------------------------------------------------------------
Item 4. Purpose of Transaction.
The purpose of the transaction was for estate planning purposes.
Except as set forth above, the Reporting Persons do not have any plans or
proposals that relate to or would result in: (i) the acquisition by any person
of additional securities of the Issuer or the disposition of securities of the
Issuer; (ii) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer; (iii) a sale or transfer of
a material amount of assets of the Issuer; (iv) any change in the present board
of directors or management of the Issuer, including any plans or proposals to
change the number or term of directors or to fill any existing vacancies on the
board; (v) any material change in the present capitalization or dividend policy
of the Issuer; (vi) any other material change in the Issuer's business or
corporate structure; (vii) changes in the Issuer's charter, bylaws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person; (viii) causing a class of
securities of the Issuer to be delisted from a national securities exchange or
to cease to be authorized to be quoted in an interdealer quotation system of a
registered national securities association; (ix) a class of equity securities of
the Issuer becoming eligible for termination of registration pursuant to Section
12(g)(4) of the Securities Exchange Act of 1934; or (x) any action similar to
any of those enumerated above.
--------------------------------------------------------------------------------
|
CUSIP No.693275307 13D Page 4 of 4 Pages
--------------------------------------------------------------------------------
Item 5. Interest in Securities of the Issuer.
On May 5, 2004, Paul Smith, President of the Issuer, transferred 11,500,000
shares of common stock of the Issuer to Granite Equities, LLC, an entity of
which Paul Smith is a 50% owner. Sharon Smith, wife of Paul Smith owns the
remaining 50% of such entity.
--------------------------------------------------------------------------------
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Granite Equities, LLC is an entity owned by Paul Smith, President of
the Issuer, and Sharon Smith, his wife, equally.
--------------------------------------------------------------------------------
Item 7. Material to be Filed as Exhibits.
--------------------------------------------------------------------------------
|
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.
By: /s/ Paul Smith
----------------------------------------
(Signature)
Paul Smith, President
----------------------------------------
(Name/Title)
/s/ Sharon Smith
----------------------------------------
(Signature)
|
Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).