UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Critical Home Care, Inc.
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(Name of Issuer)
Common Stock, par value $0.25 per share
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(Title of Class of Securities)
22674W108
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(CUSIP Number)
April 7, 2004
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
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CUSIP No. 22674W108 SCHEDULE 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSONS./I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Entities Only).
SDS Capital Group SPC, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(See Instructions)
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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5. SOLE VOTING POWER 5,250,986
NUMBER OF
SHARES ----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 5,250,986
PERSON
WITH ----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,250,986
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP No. 22674W108 SCHEDULE 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSONS./I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Entities Only).
SDS Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(See Instructions)
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER 0
NUMBER OF
SHARES ----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 5,250,986
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 0
PERSON
WITH ----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 5,250,986
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,250,986
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP No. 22674W108 SCHEDULE 13G Page 4 of 9 Pages
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1 NAME OF REPORTING PERSONS./I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(Entities Only).
Mr. Steven Derby
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(See Instructions)
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER 0
NUMBER OF
SHARES ----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 6,250,986(1)
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER 0
PERSON
WITH ----------------------------------------------------------------
8. SHARED DISPOSITIVE POWER 6,250,986
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,250,986
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.7%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
(1) Mr. Steven Derby shares dispositive power of 5,250,986 shares of Common
Stock of the Issuer in his capacity as the sole managing member of SDS
Management, LLC, the investment manager of SDS Capital Group SPC, Ltd. Mr.
Steven Derby also shares dispositive power of 1,000,000 shares of Common
Stock of the Issuer in his capacity as a managing member of Baystar Capital
Management, LLC, the general partner of Baystar Capital II, L.P.
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CUSIP No. 22674W108 SCHEDULE 13G Page 5 of 9 Pages
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Item 1(a). Name of Issuer:
Critical Home Care, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
762 Summa Avenue
Westbury, New York 11590
Item 2(a). Name of Person Filing.
Item 2(b). Address of Principal Business Office or, if None, Residence.
Item 2(c). Citizenship.
SDS Capital Group SPC, Ltd. (the "Reporting Person")
RK Consulting (Cayman) Ltd.
P.O. Box 174865
Cayman Corporate Center
27 Hospital Road
Georgetown, Grand Cayman
Cayman Islands
Cayman Islands corporation
SDS Management, LLC (the "Investment Manager")
53 Forest Avenue, 2nd Floor
Old Greenwich, CT 06870
Delaware limited liability company
Mr. Steven Derby ("Mr. Derby")
Sole Managing Member of the Investment Manager
53 Forest Avenue, 2nd Floor
Old Greenwich, CT 06870
United States citizen
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.25 per share
Item 2(e). CUSIP Number:
22674W108
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not Applicable
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CUSIP No. 22674W108 SCHEDULE 13G Page 6 of 9 Pages
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Item 4. Ownership.
The following is information regarding the aggregate number
and percentage of the class of securities of the issuer
identified in Item 1 as of April 7, 2004:
1. The Reporting Person.
(a) Amount beneficially owned: 5,250,986 shares of Common
Stock.
(b) Percent of Class: 6.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 5,250,986
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or direct the disposition
of: 5,250,986
(iv) shared power to dispose or direct the
disposition of: 0
2. The Investment Manager
(a) Amount beneficially owned: 5,250,986 shares of Common
Stock.
(b) Percent of Class: 6.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or direct the vote:
5,250,986
(iii) sole power to dispose or direct the disposition
of: 0
(iv) shared power to dispose or direct the
disposition of: 5,250,986
3. Mr. Derby.
(a) Amount beneficially owned: 6,250,986 shares of Common
Stock (1)
(b) Percent of Class: 7.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0
(ii) shared power to vote or direct the vote:
6,250,986
(iii) sole power to dispose or direct the disposition
of: 0
(iv) shared power to dispose or direct the
disposition of: 6,250,986
(1) Mr. Derby shares dispositive power of 5,250,986 shares of
Common Stock of the Issuer in his capacity as the sole
managing member of the Investment Manager. Mr. Derby also
shares dispositive power of 1,000,000 shares of Common
Stock of the Issuer in his capacity as a managing member
of Baystar Capital Management, LLC, the general partner of
Baystar Capital II, L.P.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
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CUSIP No. 22674W108 SCHEDULE 13G Page 7 of 9 Pages
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Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
Certification pursuant to ss.240.13d-1(c):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
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CUSIP No. 22674W108 SCHEDULE 13G Page 8 of 9 Pages
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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.
Dated: April 15, 2004
SDS CAPITAL GROUP SPC, LTD.
By: SDS Management, LLC,
its Investment Manager
By: /s/ Steven Derby
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Name: Steven Derby
Title: Managing Member
SDS MANAGEMENT, LLC
By: /s/ Steven Derby
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Name: Steven Derby
Title: Managing Member
/s/ Steven Derby
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Steven Derby
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CUSIP No. 22674W108 SCHEDULE 13G Page 9 of 9 Pages
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EXHIBIT A
JOINT FILING AGREEMENT
This Agreement is filed as an exhibit to this Schedule 13G being filed by
SDS Capital Group SPC, Ltd., SDS Management, LLC and Mr. Steven Derby in
compliance with Rule 13d-1(k) of the Securities and Exchange Commission, which
requires an agreement in writing indicating that this Schedule 13G to which this
Agreement is attached is filed on behalf of the below-named companies, that they
are each responsible for the timely filing of the Schedule 13G and any
amendments thereto and for the completeness and accuracy of the information
concerning such persons contained therein.
Dated: April 15, 2004
SDS CAPITAL GROUP SPC, LTD.
By: SDS Management, LLC,
its Investment Manager
By: /s/ Steven Derby
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Name: Steven Derby
Title: Managing Member
SDS MANAGEMENT, LLC
By: /s/ Steven Derby
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Name: Steven Derby
Title: Managing Member
/s/ Steven Derby
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Steven Derby