Issuer Direct Corporation
|
(Name of Issuer) |
Common Stock, $0.001 par value
|
(Title of Class of Securities) |
46520M204
|
(CUSIP Number) |
RED OAK PARTNERS, LLC
Attn: David Sandberg
1969 SW 17th St.
Boca Raton, FL 33486
(212) 614-8952
|
(Name, address and telephone number of person
authorized to receive notices and communications)
|
AUGUST 22, 2015
|
(Date of event which requires filing of this statement) |
CUSIP No. 46520M204 | SCHEDULE 13D | Page 2 of 10 Pages |
1
|
NAME OF REPORTING PERSONS
Red Oak Partners, LLC
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
|||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
AF
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
|
|||
NUMBER OF
|
7
|
SOLE VOTING POWER
|
|
|
SHARES
BENEFICIALLY
|
8
|
SHARED VOTING POWER
|
632,4221
|
|
OWNED BY
EACH
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
REPORTING
PERSON WITH
|
10
|
SHARED DISPOSITIVE POWER
|
632,4221
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
632,4221
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.94%1
|
|||
14
|
TYPE OF REPORTING PERSON
OO
|
CUSIP No. 46520M204 | SCHEDULE 13D | Page 3 of 10 Pages |
1
|
NAME OF REPORTING PERSONS
The Red Oak Fund, L.P.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
|||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
|
7
|
SOLE VOTING POWER
|
|
|
SHARES
BENEFICIALLY
|
8
|
SHARED VOTING POWER
|
254,7621
|
|
OWNED BY
EACH
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
REPORTING
PERSON WITH
|
10
|
SHARED DISPOSITIVE POWER
|
254,7621
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
254,7621
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.24%1
|
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 46520M204 | SCHEDULE 13D | Page 4 of 10 Pages |
1
|
NAME OF REPORTING PERSONS
The Red Oak Long Fund, L.P.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
|||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
|
7
|
SOLE VOTING POWER
|
|
|
SHARES
BENEFICIALLY
|
8
|
SHARED VOTING POWER
|
112,0001
|
|
OWNED BY
EACH
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
REPORTING
PERSON WITH
|
10
|
SHARED DISPOSITIVE POWER
|
112,0001
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
112,0001
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.06%1
|
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 46520M204 | SCHEDULE 13D | Page 5 of 10 Pages |
1
|
NAME OF REPORTING PERSONS
Pinnacle Capital Partners, LLC
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
|||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
AF
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
|
|||
NUMBER OF
|
7
|
SOLE VOTING POWER
|
|
|
SHARES
BENEFICIALLY
|
8
|
SHARED VOTING POWER
|
265,6601
|
|
OWNED BY
EACH
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
REPORTING
PERSON WITH
|
10
|
SHARED DISPOSITIVE POWER
|
265,6601
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,6601
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.64%1
|
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 46520M204 | SCHEDULE 13D | Page 6 of 10 Pages |
1
|
NAME OF REPORTING PERSONS
Pinnacle Opportunities Fund, LP
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
|||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
WC
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
|
7
|
SOLE VOTING POWER
|
|
|
SHARES
BENEFICIALLY
|
8
|
SHARED VOTING POWER
|
265,6601
|
|
OWNED BY
EACH
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
REPORTING
PERSON WITH
|
10
|
SHARED DISPOSITIVE POWER
|
265,6601
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
265,6601
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.64%1
|
|||
14
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 46520M204 | SCHEDULE 13D | Page 7 of 10 Pages |
1
|
NAME OF REPORTING PERSONS
David Sandberg
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
|
|||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
AF
|
|||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
|||
NUMBER OF
|
7
|
SOLE VOTING POWER
|
|
|
SHARES
BENEFICIALLY
|
8
|
SHARED VOTING POWER
|
632,4221
|
|
OWNED BY
EACH
|
9
|
SOLE DISPOSITIVE POWER
|
|
|
REPORTING
PERSON WITH
|
10
|
SHARED DISPOSITIVE POWER
|
632,4221
|
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
632,4221
|
|||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
|||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.94%1
|
|||
14
|
TYPE OF REPORTING PERSON
IN
|
CUSIP No. 46520M204 | SCHEDULE 13D | Page 8 of 10 Pages |
●
|
acquire additional Common Stock through open market purchases or otherwise;
|
●
|
sell Common Stock through the open market or otherwise; or
|
●
|
otherwise engage or participate in a transaction with the purpose or effect of changing or influencing the control of the Issuer.
|
CUSIP No. 46520M204 | SCHEDULE 13D | Page 9 of 10 Pages |
Note Principal
|
Total
|
|||||
Date
|
Fund Name
|
Converted
|
Shares
|
|||
8/22/15
|
Red Oak Fund
|
671,394
|
168,269
|
|||
8/22/15
|
Red Oak Long Fund
|
295,165
|
73,976
|
|||
8/22/15
|
Pinnacle Fund
|
700,113
|
175,467
|
Dated: August [27], 2015
|
By:
|
/s/ David Sandberg | |
David Sandberg | |||
RED OAK PARTNERS, LLC | |||
By:
|
/s/ David Sandberg | ||
David Sandberg | |||
Managing Member | |||
THE RED OAK FUND, L.P. | |||
By:
|
RED OAK PARTNERS, LLC, | ||
its general partner | |||
By:
|
/s/ David Sandberg | ||
David Sandberg | |||
Managing Member | |||
THE RED OAK LONG FUND, L.P. | |||
By:
|
RED OAK PARTNERS, LLC, | ||
its general partner | |||
By:
|
/s/ David Sandberg | ||
David Sandberg | |||
Managing Member | |||
PINNACLE CAPITAL PARTNERS, LLC | |||
By:
|
RED OAK PARTNERS, LLC, | ||
its managing member | |||
By:
|
/s/ David Sandberg | ||
David Sandberg | |||
Managing Member | |||
PINNACLE OPPORTUNITIES FUND, LP | |||
By:
|
PINNACLE PARTNERS, LLC, | ||
its general partner | |||
By:
|
/s/ David Sandberg | ||
David Sandberg | |||
Managing Member | |||