SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

PAULSON & CO INC

(Last)

(First)

(Middle)

590 MADISON AVENUE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/14/2005

3. Issuer Name and Ticker or Trading Symbol
Coconut Palm Acquisition Corp. [ CNUT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	101,123	D ^{( 1 )} ^{( 7 )}
Common Stock	93,553	D ^{( 2 )} ^{( 7 )}
Common Stock	811,367	D ^{( 3 )} ^{( 7 )}
Common Stock	888,477	D ^{( 4 )} ^{( 7 )}
Common Stock	105,480	D ^{( 5 )} ^{( 7 )}

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrants	^{( 6 )}	09/07/2009 ^{( 6 )}	Common Stock	202,246	5	D ^{( 1 )} ^{( 7 )}
Warrants	^{( 6 )}	09/07/2009 ^{( 6 )}	Common Stock	187,106	5	D ^{( 2 )} ^{( 7 )}
Warrants	^{( 6 )}	09/07/2009 ^{( 6 )}	Common Stock	1,622,734	5	D ^{( 3 )} ^{( 7 )}
Warrants	^{( 6 )}	09/07/2009	Common Stock	1,776,954	5	D ^{( 4 )} ^{( 7 )}
Warrants	^{( 6 )}	09/07/2006 ^{( 6 )}	Common Stock	210,960	5	D ^{( 5 )} ^{( 7 )}

1. Name and Address of Reporting Person^*

PAULSON & CO INC

(Last)

(First)

(Middle)

590 MADISON AVENUE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Paulson Advantage, L.P.

(Last)

(First)

(Middle)

590 MADISON AVENUE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Paulson Advantage Plus, L.P.

(Last)

(First)

(Middle)

590 MADISON AVENUE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Paulson Advantage Ltd.

(Last)

(First)

(Middle)

C/O BNY ALTERNATIVE INVESTMENT SERVICES

18 CHURCH STREET, SKANDIA HOUSE

(Street)

HAMILTON

HM11

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Paulson Advantage Plus Ltd.

(Last)

(First)

(Middle)

C/O BNY ALTERNATIVE INVESTMENT SERVICES

18 CHURCH STREET, SKANDIA HOUSE

(Street)

HAMILTON

HM11

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Paulson John

(Last)

(First)

(Middle)

590 MADISON AVENUE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Explanation of Responses:

1. Reflects the securities of the issuer owned directly by Paulson Advantage, L.P. ("Advantage L.P.").

2. Reflects the securities of the issuer owned directly by Paulson Advantage Plus, L.P. ("Advantage Plus L.P.").

3. Reflects the securities of the issuer owned directly by Paulson Advantage Ltd. ("Advantage Ltd.").

4. Reflects the securities of the issuer owned directly by Paulson Advantage Plus Ltd. ("Advantage Plus Ltd.").

5. Reflects the securities of the issuer held directly in accounts managed separately ("Separately Managed Accounts") by Paulson & Co. Inc. ("Paulson").

6. The warrants were acquired on September 14, 2005. The warrants become exercisable upon the completion by the issuer of a business combination, and will expire on September 7, 2009, or earlier upon their redemption. The warrants are not currently exercisable.

7. Paulson is an investment advisor registered under the Investment Advisors Act of 1940. Paulson is the investment manager of Advantage Ltd., Advantage Plus Ltd. and to the Separately Managed Accounts. Paulson is also the controlling person of Paulson Advisers LLC, the managing general partner of each of Advantage L.P. and Advantage Plus L.P. John Paulson is the controlling person of Paulson. Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by Advantage L.P., Advantage Plus L.P , Advantage Ltd., Advantage Plus Ltd. and the other accounts separately managed by Paulson. For purposes of this Form 3, Paulson and John Paulson disclaim ownership of the shares of common stock owned by the funds reporting on this Form 3 except to the extent of their pecuniary interest therein.

	Stuart L. Merzer, General Counsel & Chief Compliance Officer of Paulson & Co. Inc.	03/29/2007
	Stuart L. Merzer, General Counsel & Chief Compliance Officer of Paulson & Co. Inc., managing member of Paulson Advisers, LLC, general partner of Paulson Advantage, L.P.	03/29/2007
	Stuart L. Merzer, General Counsel & Chief Compliance Officer of Paulson & Co. Inc., managing member of Paulson Advisers, LLC, general partner of Paulson Advantage Plus, L.P.	03/29/2007
	Stuart L. Merzer, General Counsel & Chief Compliance Officer of Paulson & Co. Inc., investment manager of Paulson Advantage Ltd.	03/29/2007
	Stuart L. Merzer, General Counsel & Chief Compliance Officer of Paulson & Co. Inc., investment manager of Paulson Advantage Plus Ltd.	03/29/2007
	John Paulson	03/29/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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