13D Filing: Cannell Capital and TheStreet Inc. (TST)

Page 4 of 8 – SEC Filing

CUSIP No. 88368Q103           Page 4 of 8 Pages
The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13”).
Item 1.
Security and Issuer
The title of the class of equity securities to which this Schedule 13D relates is the Common Stock par value $0.01 per share of TheStreet, Inc., a Delaware corporation (the “Issuer”). The address of the principal executive offices of the Company is 14 Wall Street, 15th Floor, New York, NY 10005.
Item 2.
Identity and Background
a)
This Schedule 13D is being filed by Cannell Capital LLC (“Cannell Capital”) and J. Carlo Cannell, and are collectively referred to herein as the “Reporting Persons”.
Mr. Cannell is the sole managing member of Cannell Capital, the investment adviser to the Cannell SMAs and to the following entities:
Tristan Partners, L.P.
Tristan Offshore Fund, Ltd.
Set forth in the attached Annex “A” and incorporated herein by reference is a listing of the directors, general partners, managing members and controlling persons of the Reporting Person and the Investment Vehicles (collectively, the “Covered Persons”), and sets forth the principal occupation, citizenship and principal place of business of each Covered Person.
b)
The principal business address of the Reporting Person is:
245 Meriwether Circle
Alta, WY 83414
c)
The principal business of the Reporting Persons is the performance of investment management and advisory services. The principal business of the Investment Vehicles is investment in securities.
d)
Neither the Reporting Persons, nor to the best of their knowledge, any of the Investment Vehicles, has, in the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
e)
Neither the Reporting Persons, nor to the best of their knowledge, any of the Investment Vehicles, has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.
f)
The place of organization of each Reporting Person is as follows:
Mr. Cannell is a United States citizen.
Cannell Capital is a Wyoming limited liability company.
The citizenship of each Covered Person is set forth on the attached Annex A and incorporated herein by reference.
Item 3.
Source and Amount of Funds or Other Consideration
The securities to which this statement relates were acquired by the Reporting Persons using the working capital of each Investment Vehicle as follows:
Tristan Partners, L.P.: $3,231,163
Tristan Offshore Fund, Ltd.: $1,722,346
Cannell Separately Managed Accounts: $458,864
The Investment Vehicles have invested an aggregate amount of approximately $5,412,373 in the Shares.
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