UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Waterside Capital Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
941872102
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(CUSIP Number)
December 31, 2009
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(Date of Event Which Requires Filing of this Statement)
Check the following box to designate the rule pursuant to which the Schedule is
filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
CUSIP No. 941872102
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Palladium Registered Investment Advisors
28-0728851
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) | |
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Norfolk, VA
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5 SOLE VOTING POWER
152,508
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 158,334
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
158,334
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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)
8.2%
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12 TYPE OF REPORTING PERSON*
IA
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Item 1.
(a) Name of Issuer: Waterside Capital Corporation
(b) Address of Issuer's Principal Executive Offices:
500 East Main St., STe 800
Norfolk, VA 23510
Item 2.
(a) Name of Person Filing:
Palladium Registered Investment Advisors
(b) Address of Principal Business Office:
999 Waterside Drive, Ste 800
Norfolk, VA 23510
(c) Citizenship: Norfolk, Virginia, U.S.A.
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 941872102
Item 3.
Not Applicable
Item 4. Ownership
(a) Amount Beneficially Owned: 158,334
(b) Percent of Class: 8.2%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote: 152,508
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 158,334
(iv) Shared power to dispose or to direct the disposition of: 0
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
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that that information set forth in this statement is true, complete and
correct.
1/14/2010
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Date
/s/ Nancy Renshaw
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Signature
Nancy Renshaw/Chief Compliance Officer
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Name/Title