UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. 2)*
Under the Securities Exchange Act of 1934
AMERICAN COMMUNITY BANCSHARES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
02520W106
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(CUSIP Number)
JANUARY 8, 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).
CUSIP No. 02520W106
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1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
HOT CREEK CAPITAL, L.L.C.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3) SEC Use Only
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4) Citizenship or Place of Organization
Nevada
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Number of (5) Sole Voting Power 0
Shares --------------------------------------------------------------
Beneficially (6) Shared Voting Power 63,100
Owned by --------------------------------------------------------------
Each Reporting (7) Sole Dispositive Power 0
Person --------------------------------------------------------------
With (8) Shared Dispositive Power 63,100
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
63,100
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not applicable
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11) Percent of Class Represented by Amount in Row 9
2.2%
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12) Type of Reporting Person (See Instructions)
OO
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CUSIP No 02520W106
--------------------------------------------------------------------------------
1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
HOT CREEK INVESTORS, L.P.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3) SEC Use Only
--------------------------------------------------------------------------------
4) Citizenship or Place of Organization
Nevada
--------------------------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares --------------------------------------------------------------
Beneficially (6) Shared Voting Power 63,100
Owned by --------------------------------------------------------------
Each Reporting (7) Sole Dispositive Power 0
Person --------------------------------------------------------------
With (8) Shared Dispositive Power 63,100
--------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
63,100
--------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not applicable
--------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9
2.2%
--------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions)
PN
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CUSIP No 02520W106
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1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (entities only)
David M. W. Harvey
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3) SEC Use Only
--------------------------------------------------------------------------------
4) Citizenship or Place of Organization
U.S.A.
--------------------------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares --------------------------------------------------------------
Beneficially (6) Shared Voting Power 63,100
Owned by --------------------------------------------------------------
Each Reporting (7) Sole Dispositive Power 0
Person --------------------------------------------------------------
With (8) Shared Dispositive Power 63,100
--------------------------------------------------------------------------------
9) Aggregate Amount Beneficially Owned by Each Reporting Person
63,100
--------------------------------------------------------------------------------
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not applicable
--------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row 9
2.2%
--------------------------------------------------------------------------------
12) Type of Reporting Person (See Instructions)
IN
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Item 1:
(a) Name of Issuer:
American Community Bancshares, Inc. (the "Issuer")
(b) Address of Issuer's Principal Executive Offices:
2593 West Roosevelt Boulevard
Monroe, North Carolina 28111
Item 2:
(a) Name of Person Filing:
This Schedule 13G is being jointly filed by each of the
following persons pursuant to Rule 13d-1(k)(1) promulgated
by the Securities and Exchange Commission pursuant to
Section 13 of the Securities Exchange Act of 1934, as
amended (the "Act"): (i) Hot Creek Capital, L.L.C. (the
"General Partner"), (ii) Hot Creek Investors, L.P.
("Investors"), and (iii) David M. W. Harvey, the principal
member of the General Partner ((i), (ii), and (iii) being
collectively, the "Filing Persons"). The Common Stock and
Warrants of the Issuer (the "Stock") which are the subject
of this Schedule 13G is held by Investors. The other Filing
Persons are joining in this Schedule 13G because they
exercise voting and investment power over the Common Stock
held by Investors. The Filing Persons have entered into a
Joint Filing Agreement, dated as of January 8, 2004, a copy
of which is filed with this Schedule 13G as Exhibit A,
pursuant to which the Filing Persons have agreed to file
this statement jointly in accordance with the provisions of
Rule 13d-1(k)(1) under the Act. The Filing Persons expressly
disclaim that they have agreed to act as a group.
(b) Address of Principal Business Office or, if none, Residence:
6900 South McCarran Boulevard, Suite 3040
Reno, Nevada 89509
(c) Citizenship:
Nevada for Investors and the General Partner;
David M. W. Harvey is a citizen of the U.S.A.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
02520W106
Item 3: Not applicable
Item 4: Ownership.
(a) Amount beneficially owned:
63,100 shares of Stock may be deemed beneficially owned
within the meaning of Rule 13d-3 of the Act by each of the
Filing Persons. The General Partner and David M. W. Harvey
expressly disclaim direct and beneficial ownership of the
shares of Stock reported as deemed to be beneficially owned
by them.
Based on Form 10-QSB dated September 30, 2003, the Issuer
had 2,824,376 shares of Common Stock issued and outstanding
as of such date. Accordingly, the 63,100 shares of Stock
which may be deemed to be beneficially owned by each of the
Filing Persons represent approximately 2.2 percent (2.2%) of
the Issuer's issued and outstanding Stock thereafter.
(b) Percent of class: 2.2%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0
(ii) Shared power to vote or to direct the vote 63,100
(iii) Sole power to dispose or to direct the
disposition of 0
(iv) Shared power to dispose or to direct the
disposition of 63,100
Item 5: Ownership of Five Percent or Less of a Class.
Not applicable.
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: Certifications.
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.
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.
HOT CREEK CAPITAL, L.L.C.
By: /s/ David M. W. Harvey
Dated: January 8, 2004 -----------------------------------------
Name: David M. W. Harvey
Title: Managing Member
HOT CREEK INVESTORS, L.P.
By its General Partner
HOT CREEK CAPITAL, L.L.C.
By: /s/ David M. W. Harvey
Dated: January 8, 2004 -----------------------------------------
Name: David M. W. Harvey
Title: Managing Member
By: /s/ David M. W. Harvey
Dated: January 8, 2004 -----------------------------------------
Name: David M. W. Harvey
Exhibit A
AGREEMENT REGARDING THE JOINT FILING
OF SCHEDULE 13G
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The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to which
this Exhibit is attached, and such Schedule 13G is filed on behalf of each of
them; and
(ii) Each of them is responsible for the timely filing of such Schedule 13G
and any amendments thereto, and for the completeness and accuracy of the
information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
HOT CREEK CAPITAL, L.L.C.
By: /s/ David M. W. Harvey
Dated: January 8, 2004 ----------------------------------
Name: David M. W. Harvey
Title: Managing Member
HOT CREEK INVESTORS, L.P.
By its General Partner
HOT CREEK CAPITAL, L.L.C.
By: /s/ David M. W. Harvey
Dated: January 8, 2004 ----------------------------------
Name: David M. W. Harvey
Title: Managing Member
By: /s/ David M. W. Harvey
Dated: January 8, 2004 ----------------------------------
Name: David M. W. Harvey