SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

_____________

 

Under the Securities Exchange Act of 1934

 

SCHEDULE 13G/A

(Amendment No. 1)

 

INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

LiveDeal, Inc.

_________________________________

(Name of Issuer)

 

 

Common Stock, $0.001 par value per share

__________________________________________

(Title of Class of Securities)

 

 

987824109

_________________

(CUSIP Number)

 

 

December 31, 2007

___________________________________________________

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  o Rule 13d-1(b)
  x Rule 13d-1(c)
  o Rule 13d-1(d)

 

 

Page 1 of 10 pages

SCHEDULE 13G/A

 

CUSIP No. 987824109

Page 2 of 10 Pages

 

1)       NAME OF REPORTING PERSON

 

 LaGrange Capital Partners, L.P.

 

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

13-4106878

 

2)       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      o

 

 

(b)     x

 

3)       SEC USE ONLY

  

4)       CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

5)       SOLE VOTING POWER

 

0

 

6)       SHARED VOTING POWER

 

0

 

7)       SOLE DISPOSITIVE POWER

 

0

 

8)       SHARED DISPOSITIVE POWER

 

0

 

9)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

o

 

11)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12)    TYPE OF REPORTING PERSON

 

PN

 

 

SCHEDULE 13G/A

 

CUSIP No. 987824109

Page 3 of 10 Pages

 

 

1)       NAME OF REPORTING PERSON

 

LaGrange Capital Partners Offshore Fund, Ltd.

 

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

 

2)       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      o

 

 

(b)     x

 

3)       SEC USE ONLY

 

 

4)       CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

5)       SOLE VOTING POWER

 

0

 

6)       SHARED VOTING POWER

 

0

 

7)       SOLE DISPOSITIVE POWER

 

0

 

8)       SHARED DISPOSITIVE POWER

 

0

 

9)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

o

 

11)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12)    TYPE OF REPORTING PERSON

 

CO

 

 

SCHEDULE 13G/A

 

CUSIP No. 987824109

Page 4 of 10 Pages

1)       NAME OF REPORTING PERSON

 

LaGrange Capital Administration, L.L.C.

 

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

73-1713931

 

2)       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      o

 

 

(b)     x

 

3)       SEC USE ONLY

 

 

4)       CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

 

NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

5)       SOLE VOTING POWER

 

0

 

6)       SHARED VOTING POWER

 

0

 

7)       SOLE DISPOSITIVE POWER

 

0

 

8)       SHARED DISPOSITIVE POWER

 

0

 

9)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

o

 

11)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12)    TYPE OF REPORTING PERSON

 

IA

 

 

SCHEDULE 13G/A

 

CUSIP No. 987824109

Page 5 of 10 Pages

 

 

1)       NAME OF REPORTING PERSON

 

Frank LaGrange Johnson

 

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

 

 

2)       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)      o

 

 

(b)     x

 

3)       SEC USE ONLY

 

 

4)       CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

 

NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH

 

5)       SOLE VOTING POWER

 

0

 

6)       SHARED VOTING POWER

 

0

 

7)       SOLE DISPOSITIVE POWER

 

0

 

8)       SHARED DISPOSITIVE POWER

 

0

 

9)       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

10)    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

o

 

11)    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 

12)    TYPE OF REPORTING PERSON

 

IN

 

SCHEDULE 13G/A

 

Item 1(a).    Name of Issuer:

 

LiveDeal, Inc.

 

Item 1(b).     Address of Issuer's Principal Executive Offices:

 

4840 East Jasmine St., Suite 105

Mesa, Arizona  85205

 

Item 2(a).    Name of Persons Filing:

 

(i)      LaGrange Capital Partners, L.P.

(ii)     LaGrange Capital Partners Offshore Fund, Ltd.

(iii)    LaGrange Capital Administration, L.L.C.

(iv)    Frank LaGrange Johnson

 

(collectively, the "Reporting Persons" and each a "Reporting Person")

 

Item 2(b).    Address of Principal Business Office or, if None, Residence:

 

Each of the Reporting Persons has a business address at 570 Lexington Avenue,

27th Floor, New York, New York 10022.

 

 Item 2(c).    Citizenship:

 

(i) LaGrange Capital Partners, L.P.
Delaware
 
(ii) LaGrange Capital Partners Offshore Fund, Ltd.
Cayman Islands
 
(iii) LaGrange Capital Administration, L.L.C.
Delaware
 
(iv) Frank LaGrange Johnson
USA

 

Item 2(d).    Title of Class of Securities:

 

Common Stock, $0.001 par value per share

 

Item 2(e).

CUSIP Number:

  987824109

 

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:

 

 

(a)

o Broker or Dealer Registered Under Section 15 of the Act (15 U.S.C. 78o)

 

 

(b)

o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c)

 

 

(c)

o Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c)

 

 

(d)

o Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8)

 

 

(e)

o Investment Adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E)

 

 

(f)

o Employee benefit plan or endowment fund in accordance with ss. 240.13d-1(b)(1)(ii)(F)

 

 

(g)

o Parent Holding Company or control person in accordance with ss.240.13d-1(b)(ii)(G)

 

 

(h)

o Savings Association as defined in ss.3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)

 

 

(i)

o Church plan that is excluded from the definition of an investment company under ss.3(c)(15) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)

 

 

(j)

o Group, in accordance with ss.240.13d-1(b)(ii)(J)

 

Item 4.

Ownership.

 

(i)

LaGrange Capital Partners, L.P.(1)

 

 

(a)

Amount beneficially owned:  0

 

 

(b)

Percent of class: 0.0%

 

 

(c)

Number of shares as to which such person has:

 

 

(i)

Sole power to vote or to direct the vote:  0

 

 

(ii)

Shared power to vote or to direct the vote: 0

 

 

(iii)

Sole power to dispose or to direct the disposition of:  0

 

 

(iv)

Shared power to dispose or to direct the disposition of: 0

 

_______________

(1)   The general partner of LaGrange Capital Partners, L.P. is LaGrange Capital Management, L.L.C., a limited liability company organized under the laws of Delaware. Frank LaGrange Johnson is the sole member of LaGrange Capital Management, L.L.C.

 

(ii)

LaGrange Capital Partners Offshore Fund, Ltd.(2)

 

 

(a)

Amount beneficially owned: 0

 

 

(b)

Percent of class: 0.0%

 

 

(c)

Number of shares as to which such person has:

 

 

(i)

Sole power to vote or to direct the vote:  0

 

 

(ii)

Shared power to vote or to direct the vote:  0

 

 

(iii)

Sole power to dispose or to direct the disposition of:  0

 

 

(iv)

Shared power to dispose or to direct the disposition of:  0

_______________

 (2)   The investment manager of LaGrange Capital Partners Offshore Fund, Ltd. is LaGrange Capital Administration, L.L.C., a limited liability company organized under the laws of Delaware. Frank LaGrange Johnson is the sole member of LaGrange Capital Administration, L.L.C.

 

(iii)

LaGrange Capital Administration, L.L.C.(3)

 

 

(a)

Amount beneficially owned: 0

 

 

(b)

Percent of class: 0.0%

 

 

(c)

Number of shares as to which such person has:

 

 

(i)

Sole power to vote or to direct the vote:  0

 

 

(ii)

Shared power to vote or to direct the vote: 0

 

 

(iii)

Sole power to dispose or to direct the disposition of:   0

 

 

(iv)

Shared power to dispose or to direct the disposition of: 0

 

_______________

 (3)    Frank LaGrange Johnson is the sole member of LaGrange Capital Administration, L.L.C.

 

(iv)

Frank LaGrange Johnson

 

 

(a)

Amount beneficially owned:  0

 

 

(b)

Percent of class:  0.0%

 

 

(c)

Number of shares as to which such person has:

 

 

(i)

Sole power to vote or to direct the vote:   0

 

 

(ii)

Shared power to vote or to direct the vote: 0

 

 

(iii)

Sole power to dispose or to direct the disposition of:  0

 

 

(iv)

Shared power to dispose or to direct the disposition of: 0

 

_______________

 

Item 5.    Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.

 

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 I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 such purpose or effect.

SIGNATURE

 

After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct.

 

Dated as of March 14, 2008

 

LaGrange Capital Partners, L.P.

 

 

By:

LaGrange Capital Management, L.L.C.,

its General Partner

 

 

By:

   /s/   Frank LaGrange Johnson                                

Frank LaGrange Johnson, its sole Member

 

Dated as of March 14, 2008

 

LaGrange Capital Partners Offshore Fund, Ltd.

 

 

By:

LaGrange Capital Administration, L.L.C., its Investment Manager

 

 

By:

  /s/   Frank LaGrange Johnson                                

Frank LaGrange Johnson, its sole Member

 

Dated as of March 14, 2008

 

LaGrange Capital Administration, L.L.C.

 

 

By:

   /s/   Frank LaGrange Johnson                         

Frank LaGrange Johnson, its sole Member

 

Dated as of March 14, 2008

 

 

By:

  /s/   Frank LaGrange Johnson                               

Frank LaGrange Johnson

 

Exhibit A

 

Agreement of Joint Filing

 

Pursuant to 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby confirm the agreement by and among them to join in the filing on behalf of each of them of a Statement on Schedule 13G and any and all amendments thereto, and that this Agreement be included as an Exhibit to such filing.

 

This Agreement may be executed in any number of counterparts each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement.

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement.

 

Dated as of March 14, 2008

 

LaGrange Capital Partners, L.P.

 

 

By:

LaGrange Capital Management, L.L.C.,

its General Partner

 

 

By:

   /s/   Frank LaGrange Johnson                               

Frank LaGrange Johnson, its sole Member

 

Dated as of March 14, 2008

 

LaGrange Capital Partners Offshore Fund, Ltd.

 

 

By:

LaGrange Capital Administration, L.L.C.,

its Investment Manager

 

 

By:

   /s/   Frank LaGrange Johnson                             

Frank LaGrange Johnson, its sole Member

 

Dated as of March 14, 2008

 

LaGrange Capital Administration, L.L.C.

 

 

By:

   /s/   Frank LaGrange Johnson                               

Frank LaGrange Johnson, its sole Member

 

Dated as of March 14, 2008

 

 

By:

  /s/   Frank LaGrange Johnson                              

Frank LaGrange Johnson