SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D/A
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
(AMENDMENT NO. 13)
GENEVA STEEL HOLDINGS CORP
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
372257105
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(CUSIP Number)
Anthony Katsingris
Albert Fried and Company, LLC.
60 Broad Street, 39th Floor
New York, New York 10004
(212) 422-7282
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 31, 2009
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(Date of Event which Requires Filing of this Statement)
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 Sections 240.13d-1(e),240.13d-7 (b)or 240.13d-1(g),
check the following box [x]
CUSIP NO. 372257105 PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Albert Fried and Company, LLC 13-5089432
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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 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 SOLE VOTING POWER
NUMBER OF 2,074,395**
BENEFICIALLY -------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING -------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
2,074,395**
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,074,395**
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
| _ |
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.94%
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14 TYPE OF REPORTING PERSON
BD, IN
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Albert Fried Jr, managing member of Albert Fried and Company, LLC and a
former director of the Issuer, is deemed to beneficially own 50,000 shares
upon the exercise of director issued stock options. These shares are
included in the total on line 11. For more information, see item 5 and 6.
CUSIP NO. 372257105 PAGE 3 OF 5 PAGES
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ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the Common Stock par value $0.01
per share (Common Stock),of Geneva Steel Holdings Corp. a Delaware
corporation(the Issuer). The address of the principal executive office
of the Issuer is:
10 South Geneva Road
Vineyard, Utah 84058.
ITEM 2. IDENTITY AND BACKGROUND
This Schedule 13D is filed on behalf of:
(a)Albert Fried and Company, LLC,is a New York limited liability
Company. The members of the LLC are Albert Fried Jr,
Christina Fried, The Fried Group, LLC & Anthony Katsingris.
(b)Principal business address:
60 Broad Street, 39th Floor
New York, NY 10004
(c)Present Principal Occupation and Employment:
The principal business of Albert Fried and Company, LLC is to
act as a Broker/Dealer in the securities industry.
Acquisition and disposition of any shares as part of the firms market
making activities are dealer transactions in the ordinary course of
business and incident to the establishment or maintenance of a primary
secondary market for such security as covered under Section 16(d) of
the Securities Exchange Act of 1934.
(d) Criminal Convictions
N/A
(e) Civil Proceedings:
N/A
(f) Citizenship
United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OTHER CONSIDERATION
Albert Fried and Company, LLC has used its working capital in all its
previous purchases of the Issuers Common Stock.
CUSIP NO. 372257105 PAGE 4 OF 5 PAGES
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ITEM 4. PURPOSE OF TRANSACTION
Disposition of shares were in the ordinary course of business of
the firm market making activities and incident to the establishment
and maintenance of a primary or secondary market for such securities
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)As of the date of this Schedule 13D, Albert Fried and Company,LLC
owns and has sole power to vote and dispose of 2,074,400 shares of
the Issuers Common Stock (approximately 27.94% of the outstanding
shares of the Issuer's Common Stock)
**50,000 shares, included as part of line 11, are attributable to
stock options issued to Albert Fried Jr, a former director of the Issuer.
(b) N/A
Acquisition and disposition of any shares as part of the firm's
market-making activities are dealer transaction in the ordinary course
of business and incident to the establishment or maintenance of a
primary or secondary market for such security as covered under
Section 16(d) of The Securities Exchange Act of 1934.
(c) Open market transactions effected in the market-maker account
during the past sixty days include:
NO REPORTABLE TRANSACTIONS
(d) None
(e) N/A
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR"RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
In connection with the portion of the January 2001 Term Loan
Albert Fried & Co., LLC provided the Issuer, Albert Fried Company, LLC
was to receive additional shares of the Issuer's common stock on the
fourth anniversary of the Loan Date. The number of shares related to a
fee amounting to $515,070. Albert Fried & Company, LLC has been advised
by the Issuer that since they could not pay the fee in common stock,
the claim would be converted to cash. However,the Trustee for the
Issuer's Chapter 11 proceedings has taken a different position and the
matter is currently the subject of litigation. As a result, these shares
are not reflected in this Schedule 13D in the number of shares
beneficially owned by Albert Fried & Co., LLC."
CUSIP NO. 372257105 PAGE 5 OF 5 PAGES
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Albert Fried Jr, the managing member of and Company, LLC, was a former
Director of the issuer.
Pursuant to the Geneva Steel Holdings Corp Stock Option Plan for
Non employee Directors, Mr. Albert Fried Jr, a former director of the
Issuer, was granted options to purchase a total of 50,000 shares of the
Issuer's common stock; 25,000 shares are exercisable at $.19 per share
Expiring 3/23/2011 and 25,000 shares are exercisable at $.19 per share"
expiring 4/22/2012.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
NONE
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certifies that the information set forth in this
Schedule 13D is true, complete and correct."
Dated as of February 05, 2010
ALBERT FRIED AND COMPANY, LLC.
By:ALBERT FRIED JR.
Albert Fried, Jr.
Managing Member