UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
CADIZ INC.
----------
(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
---------------------------------------
(Title of Class of Securities)
127537207
---------
(CUSIP Number)
November 29, 2004
-----------------
(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 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 ("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).
Page 1 of 6
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CUSIP No. 127537207 13G Page 2 of 6 Pages
------------------- -----------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bedford Oak Advisors, LLC
13-4007124
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ----- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 707,000 (see Item 4)
BY ----- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
707,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
707,000 (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.84% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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Page 2 of 6 Pages
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CUSIP No. 127537207 13G Page 3 of 6 Pages
------------------- -----------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harvey P. Eisen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ----- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 707,000 (see Item 4)
BY ----- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
707,000 (see Item 4)
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
707,000 (see Item 4)
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.84% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 6 Pages
Item 1(a) Name of Issuer:
---------------
Cadiz Inc. ("the Company")
Item 1(b) Address of Issuer's Principal Executive Offices:
------------------------------------------------
100 Wilshire Boulevard, Suite 100
Santa Monica, CA 90401
Items 2(a) and 2(b) Name of Person Filing and Business Office:
------------------------------------------
This statement is filed by: (i) Bedford Oak Advisors, LLC
("BOA") and (ii) Harvey P. Eisen, in his capacity as
managing member of BOA. The principal business address of
each reporting person is 100 South Bedford Road, Mt. Kisco,
New York 10549.
Item 2(c) Citizenship:
------------
BOA is a Delaware limited liability company
Mr. Eisen is a United States citizen.
Item 2(d) Title of Class of Securities:
-----------------------------
Common Stock, par value $0.01 per share ("Common Stock")
Item 2(e) CUSIP Number:
-------------
127537207
Item 3 Not Applicable
Item 4 Ownership:
----------
The percentages used herein are calculated based upon
10,324,339 shares of Common Stock issued and outstanding as
of November 30, 2004, as disclosed by the Company in a press
release issued November 30, 2004, plus an additional 17,000
shares of Common Stock underlying warrants which are
beneficially owned by one of the reporting persons which are
included pursuant to Rule 13d-3(d)(1)(i) of the Act.
As of the close of business on November 30, 2004:
1. Bedford Oak Advisors, LLC
(a) Amount beneficially owned: -707,000-
(b) Percent of class: 6.84%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -707,000-
(iii) Sole power to dispose or direct the disposition: -0-
Page 4 of 6 Pages
(iv) Shared power to dispose or direct the disposition:
-707,000-
2. Harvey P. Eisen
(a) Amount beneficially owned: -707,000-
(b) Percent of class: 6.84%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -707,000-
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
-707,000-
BOA controls 707,000 shares of Common Stock in its capacity
as the investment manager of Bedford Oak Capital, L.P.,
Bedford Oak Offshore, Ltd. and Bedford Oak Partners, L.P.,
which entities own 293,100, 241,800 and 172,100 shares of
Common Stock, respectively. The 172,100 shares of Common
Stock held by Bedford Oak Partners, L.P. include 17,000
shares of Common Stock underlying warrants exercisable
within 60 days and are included pursuant to Rule
13d-3(d)(1)(i) of the Act. Harvey P. Eisen controls 707,000
shares of Common Stock in his capacity as the managing
member of BOA.
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 Certification:
--------------
By signing below the signatory certifies that, to the best of his knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect
Page 5 of 6 Pages
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.
Page 6 of 6 Pages
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: December 1, 2004
BEDFORD OAK ADVISORS, LLC
By: /s/ Harvey P. Eisen
------------------------------
Name: Harvey P. Eisen
Title: Chairman and Managing Member
HARVEY P. EISEN
/s/ Harvey P. Eisen
------------------------------