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Washington, D.C. 20549

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

(Date of Event Which Requires Filing of this Statement)

 

 

CUSIP No.		45252S 30 6		Page		2		of		13

(a) Includes 10,171,099 shares of common stock that are issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock. The shares of Series A Convertible Preferred Stock are convertible at any time at the option of Radical Holdings LP, collectively, into that number of full shares of common stock representing 95% of the total common stock outstanding after giving effect to the conversion. The conversion price of the Series A Convertible Preferred Stock is subject to adjustment to effect such result upon conversion. The 10,171,099 shares of common stock issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock and the percent of class ownership were calculated based upon 535,321 shares of common stock of Immediatek, Inc. outstanding on September 4, 2007. Excludes shares of common stock owned by Paul Marin that Radical Holdings LP has the right, but not the obligation, to purchase in the event that Mr. Marin desires to transfer those shares.

CUSIP No.		45252S 30 6		Page		3		of		13

(a) Includes 10,171,099 shares of common stock that are issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock. The shares of Series A Convertible Preferred Stock are convertible at any time at the option of Radical Holdings LP, collectively, into that number of full shares of common stock representing 95% of the total common stock outstanding after giving effect to the conversion. The conversion price of the Series A Convertible Preferred Stock is subject to adjustment to effect such result upon conversion. The 10,171,099 shares of common stock issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock and the percent of class ownership were calculated based upon 535,321 shares of common stock of Immediatek, Inc. outstanding on September 4, 2007. Excludes shares of common stock owned by Paul Marin that Radical Holdings LP has the right, but not the obligation, to purchase in the event that Mr. Marin desires to transfer those shares.

CUSIP No.		45252S 30 6		Page		4		of		13

(a) Includes 10,171,099 shares of common stock that are issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock. The shares of Series A Convertible Preferred Stock are convertible at any time at the option of Radical Holdings LP, collectively, into that number of full shares of common stock representing 95% of the total common stock outstanding after giving effect to the conversion. The conversion price of the Series A Convertible Preferred Stock is subject to adjustment to effect such result upon conversion. The 10,171,099 shares of common stock issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock and the percent of class ownership were calculated based upon 535,321 shares of common stock of Immediatek, Inc. outstanding on September 4, 2007. Excludes shares of common stock owned by Paul Marin that Radical Holdings LP has the right, but not the obligation, to purchase in the event that Mr. Marin desires to transfer those shares.

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 5 of 13 Pages

This Amendment No. 3 to Schedule 13D amends and supplements the Schedule 13D jointly filed by Radical Holdings LP, Radical Management, LLC, Radical Investments LP, Radical Fund Management LLC, Radical Incubation LP, Radical Incubation Management LLC and Mark Cuban with the Securities and Exchange Commission (the “Commission”) on February 3, 2006, as amended and supplemented by Amendment No. 1 to Schedule 13D filed with the Commission on March 15, 2006 and Amendment No. 2 to Schedule 13D filed with the Commission on October 17, 2006 (as amended and supplemented, collectively, the “Schedule 13D”), relating to the common stock, $0.001 par value per share, of Immediatek, Inc., a Nevada corporation. Initially capitalized terms used herein that are not otherwise defined herein shall have the same meanings attributed to them in the Schedule 13D. Except as expressly provided for herein, all Items of the Schedule 13D remain unchanged.

Item 1.		Security and Issuer

Item 1 is hereby amended and restated in its entirety to read as follows:

This Statement on Schedule 13D (as amended and supplemented, this “Statement” or this “Schedule 13D”) relates to 10,346,567 shares of common stock, $0.001 par value per share (the “Common Stock”), of Immediatek, Inc., a Nevada corporation (the “Company”). Includes 10,171,099 shares of Common Stock that are issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock of the Company. The shares of Series A Convertible Preferred Stock are convertible, at any time at the option of Radical Holdings LP, a Texas limited partnership (the “Partnership”), collectively, into that number of full shares of Common Stock representing 95% of the total Common Stock outstanding after giving effect to the conversion. The conversion price of the Series A Convertible Preferred Stock is subject to adjustment to effect such result upon conversion. The 10,171,099 shares of Common Stock was calculated based upon 535,321 shares of Common Stock outstanding on September 4, 2007. Excludes shares of Common Stock owned by Paul Marin that the Partnership has the right, but not the obligation, to purchase in the event that Mr. Marin desires to transfer those shares.

The Company’s principal executive office is located at 320 South Walton, Dallas, Texas 75226.

Item 2.		Identity and Background

Item 2 is hereby amended and restated in its entirety to read as follows:

(a) This Schedule 13D is being jointly filed by the Partnership, Radical Management, LLC, a Texas limited liability company and the sole general partner of the Partnership (the “General Partner”), and Mark Cuban, the owner of all the limited partnership and membership interests in the Partnership and the General Partner, respectively (the “Principal,” and together with the Partnership and the General Partner, collectively, the “Reporting Persons”). The names of the executive officers and managers (collectively, the “Officers”) of the General Partner are set forth in Schedule I attached hereto and incorporated herein by reference.

(b) The address of the principal office of each of the Reporting Persons and the Officers is 5424 Deloache Avenue, Dallas, Texas 75220.

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 6 of 13 Pages

(c) The principal business of the Partnership is investments and managing those investments. The principal business of the General Partner is to act as the general partner of the Partnership. One of the principal businesses of the Principal is to direct the activities of the General Partner. The name, business address, present principal occupation or employment and citizenship of the Principal and each Officer is set forth in Schedule I attached hereto and incorporated herein by reference.

(d) Neither the Principal nor any of the Officers have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors).

(e) Neither the Principal nor any of the Officers were, during the last five years, 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 judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) The Principal and each of the Officers is a citizen of the United States of America.

Item 3.		Source and Amount of Funds or Other Consideration

Item 3 is hereby amended and restated in its entirety to read as follows:

On June 8, 2006, the Partnership purchased 4,392,286 shares of Series A Convertible Preferred Stock for an aggregate purchase price of $3,000,000, which includes $347,000 of funds previously loaned to the Company by the Partnership and credited towards the aggregate purchase price of the Series A Convertible Preferred Stock. The Partnership made the loans and paid the purchase from its available working capital. (See “Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer” below).

On October 13, 2006, the Partnership purchased 110,618 shares of Common Stock for an aggregate purchase price of $221,236 from Zach Bair, the former Chief Executive Officer of the Company, pursuant to a Stock Purchase Agreement (See “Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer” below). The Partnership made this purchase utilizing funds from its available working capital.

The following table sets forth purchases of Common Stock made by the Partnership in open market transactions on November 14, 2006, utilizing funds from its available working capital.

		Number of				Purchase				Total
		Shares of				Price Per				Consideration
		Common Stock				Share				Per Transaction
			1,000			$	14.95			$	14,950.00
			600			$	14.00			$	8,400.00
			200			$	14.50			$	2,900.00
			1,200			$	15.00			$	18,000.00
Total			3,000							$	44,250.00

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 7 of 13 Pages

On March 8, 2007, the Partnership purchased 1,336 shares of Common Stock for an aggregate purchase price of $2,672 from Zach Bair, the former Chief Executive Officer of the Company, pursuant to a Stock Purchase Agreement (See “Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer” below). The Partnership made this purchase utilizing funds from its available working capital.

On August 31, 2007, the Partnership sold assets valued at $151,285 to a wholly-owned subsidiary of the Company, IMKI Ventures, Inc., in exchange for the Company’s issuance to the Partnership of 60,514 shares of Common Stock. (See “Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer” below).

Item 4.		Purpose of the Transaction

Item 4 is hereby amended and restated in its entirety to read as follows:

The Partnership acquired the shares of Series A Convertible Preferred Stock and Common Stock for investment purposes. The Partnership intends to assess its investment in the Company, from time to time, on the basis of various factors, including, without limitation, the Company’s business, financial condition, results of operations and prospects, general economic, market and industry conditions, as well as other developments and other investment opportunities. Depending upon the foregoing factors or any other factors deemed relevant to the Reporting Persons, they may acquire additional shares of Common Stock or any other securities of the Company, or dispose of all or part of the shares of Common Stock, Series A Convertible Preferred Stock or shares of Common Stock acquirable upon conversion of the Series A Convertible Preferred Stock, in open market transactions, privately negotiated transactions or otherwise. Any acquisition or disposition may be effected by the Reporting Persons at any time without prior notice. The Reporting Persons will engage in communications, from time to time, with one or more stockholders, officers or directors of the Company regarding the Company’s operating performance, strategic direction or other matters that could result in, or relate to, among other things, any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Except as described in this Schedule 13D or set forth in the Exhibits attached hereto, none of the Reporting Persons has any present plan or proposal that relates to, or could result in, any of the events referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. The Reporting Persons will, however, continue to review the business of the Company and, depending upon one or more of the factors referred to above, may in the future propose that the Company take one or more such actions.

Item 5.		Interest in Securities of the Issuer

Item 5 is hereby amended and restated in its entirety to read as follows:

As of September 5, 2007, the Partnership was the beneficial owner of 10,346,567 shares of Common Stock, which represents 96.6% of the Common Stock. This includes 10,171,099 shares of Common Stock that are issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock. The shares of Series A Convertible Preferred Stock are convertible, at any time at the option of the Partnership, collectively, into that number of full shares of Common Stock representing 95% of the total Common Stock outstanding after giving effect to the conversion. The conversion price of the Series A Convertible Preferred Stock is subject to adjustment to effect such result upon conversion. The 10,171,099 shares of Common Stock issuable upon the conversion of 4,392,286 shares of Series A Convertible Preferred Stock and the percentage ownership were calculated based upon 535,321 shares of Common Stock outstanding on September 4, 2007, according to information provided to the Reporting Persons by the Company.

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 8 of 13 Pages

The holders of the shares of Series A Convertible Preferred Stock are entitled to vote on all matters required or permitted to be voted upon by the stockholders of the Company. Each holder of shares of Series A Convertible Preferred Stock is entitled to the number of votes equal to the largest number of full shares of Common Stock into which all shares of Series A Convertible Preferred Stock held by that holder could be converted. Except as required by law on matters requiring class voting, the holders of the Series A Convertible Preferred Stock and Common Stock vote together as a single class. The Certificate of Designation, Rights and Preferences of Series A Convertible Preferred Stock (the “Certificate of Designation”), which describes the terms of the Series A Convertible Preferred Stock, is filed as Exhibit 3.1 to this Schedule 13D and incorporated herein by reference. Excludes shares of Common Stock owned by Paul Marin that the Partnership has the right, but not the obligation, to purchase in the event that Mr. Marin desires to transfer those shares.

The General Partner, as the general partner of the Partnership, has the power to vote, or to direct the vote of, and the power to dispose, or to direct the disposition of, the shares of Common Stock, the shares of Series A Convertible Preferred Stock and the shares of Common Stock acquirable upon conversion of the Series A Convertible Preferred Stock on behalf of the Partnership. The General Partner, the Principal and the Officers may be deemed to have beneficial ownership of these securities. The General Partner, the Principal and the Officers disclaim beneficial ownership of these securities, except to the extent of their respective pecuniary interests therein.

On August 31, 2007, the Partnership, the Company and IMKI Ventures, Inc., a wholly-owned subsidiary of the Company, entered into an Asset Purchase Agreement. Pursuant to that agreement, on August 31, 2007, the Partnership sold assets valued at $151,285 to IMKI Ventures, Inc. in exchange for the Company’s issuance to the Partnership of 60,514 shares of Common Stock at price per share of $2.50. Except for the acquisition of Common Stock described in the immediately preceding sentence, none of the Reporting Persons has effected any transactions in the securities of the Company during the past 60 days.

Item 6.		Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 is hereby amended and restated in its entirety to read as follows:

Securities Purchase Agreement: On January 24, 2006, the Company, Zach Bair, Paul Marin and the Partnership entered into a Securities Purchase Agreement, which was subsequently amended on March 3, 2006 (as amended, the “Purchase Agreement”), pursuant to which the Company issued and sold, and the Partnership purchased, 4,392,286 shares of Series A Convertible Preferred Stock of the Company for an aggregate purchase price of $3,000,000, or $0.68 per share of Series A Convertible Preferred Stock. In the Purchase Agreement, the Company and Messrs. Bair and Marin represented and warranted to, and covenanted with, the Partnership as to various matters. A copy of the Securities Purchase Agreement and the First Amendment to Securities Purchase Agreement is attached as Exhibit 1.1 and 1.2, respectively, to this Schedule 13D and incorporated herein by reference. The purchase and sale of 4,392,286 shares of Series A Convertible Preferred Stock pursuant to the Purchase Agreement was consummated on June 8, 2006.

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 9 of 13 Pages

Investor’s Rights Agreement: In connection with the purchase and sale of the Series A Convertible Preferred Stock on June 8, 2006, the Company, the Partnership and Messrs. Bair and Marin entered into an Investor’s Rights Agreement (the “Investor’s Rights Agreement”). The Investor’s Rights Agreement grants the Partnership certain demand, piggy-back and shelf registration rights and sets forth the procedures pursuant to which those rights may be exercised and effected. The Investor’s Rights Agreement also grants the Partnership rights of first refusal to purchase any or all of the securities of the Company that Messrs. Bair or Marin propose to sell or otherwise transfer on the same terms and conditions as the proposed sale or transfer by them. Further, the Investor’s Rights Agreement provides that Messrs. Bair and Marin are prohibited from selling or otherwise transferring any securities of the Company owned by them for a period of three years. After three years, Messrs. Bair and Marin can sell or otherwise transfer only half of the securities owned by them. If, however, either Messrs. Bair or Marin is terminated for a reason other than cause, he can sell a total of 10% of the securities owned by him in any given month. The Investor’s Rights Agreement is filed as Exhibit 4.1 to this Schedule 13D and incorporated herein by reference. As described in more detail below, pursuant to a Stock Purchase Agreement, dated October 13, 2006, by and among the Company, the Partnership and Mr. Bair, the Partnership and the Company agreed to release Mr. Bair from certain of his obligations, which included his obligations under the Investor’s Rights Agreement. Further, Mr. Marin was terminated on April 6, 2007 and, as a result, was granted the right to a total of 10% of the securities owned by him in any given month subject to the Partnership’s right of first refusal.

Board of Directors: Pursuant to the Investor’s Rights Agreement and the terms of the Series A Convertible Preferred Stock, which are described in the Certificate of Designation, for so long as any shares of the Series A Convertible Preferred Stock originally issued under the Purchase Agreement remain outstanding, the holders of a majority-in-interest of the shares of the Series A Convertible Preferred Stock originally issued under the Purchase Agreement then outstanding shall have the right to designate all the persons to serve as directors on the Board of Directors of the Company and its subsidiaries. If the holders of the shares of the Series A Convertible Preferred Stock originally issued under the Purchase Agreement then outstanding choose not to designate any directors, the holders of a majority-in-interest of the shares of the Series A Convertible Preferred Stock originally issued under the Purchase Agreement then outstanding may appoint a designee to serve as an observer at all meetings of the Company’s or its subsidiaries’ Board of Directors and committees thereof.

Protective Provisions: The Certificate of Designation and the Investor’s Rights Agreement provide that, unless the directors designated by the holders of the shares of the Series A Convertible Preferred Stock originally issued under the Purchase Agreement control the Board of Directors of the Company with respect to all actions, for so long as any shares of the Series A Convertible Preferred Stock originally issued under the Purchase Agreement remain outstanding, except where the vote or written consent of the holders of a greater number of shares of the Company is required by law or by the Company’s Articles of Incorporation, and in addition to any other vote required by law or by the Company’s Articles of Incorporation, the Company shall not, and the Company shall cause its subsidiaries not to, as applicable, without the prior vote or written consent of the holders of at least 75% of the shares of the Series A Convertible Preferred Stock originally issued under the Purchase Agreement then outstanding:

(i) amend the articles or bylaws in any manner that would alter or change any of the rights, preferences, privileges or restrictions of the Series A Convertible Preferred Stock or the shares issuable upon conversion of the Series A Convertible Preferred Stock;

(ii) reclassify any outstanding securities into securities having rights, preferences or privileges senior to, or on a parity with, the Series A Convertible Preferred Stock;

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 10 of 13 Pages

(iii) authorize or issue any additional shares of capital stock (other than to holders of the Series A Convertible Preferred Stock);

(iv) merge or consolidate with or into any corporation or other person;

(v) sell all or substantially all their respective assets in a single transaction or series of related transactions;

(vi) license all or substantially all of their respective intellectual property in a single transaction or series of related transactions;

(vii) liquidate or dissolve;

(viii) alter any rights of the holders of the Series A Convertible Preferred Stock or change the size of the Board of Directors;

(ix) declare or pay any dividends (other than dividends payable to the Company or its subsidiaries) on, or declare or make any other distribution, directly or indirectly, on account of, any shares of Common Stock now or hereafter outstanding;

(x) repurchase any outstanding shares of capital stock;

(xi) approve or modify by 10% or more the aggregate amount of any annual or other operating or capital budget, or approve or modify by 50% or more any single line item of any such operating or capital budget;

(xii) increase the salary of any officer or employee or pay any bonus to any officer, director or employee not contemplated in a budget or bonus plan approved by directors designated by the holders of the shares of the Series A Convertible Preferred Stock originally issued under the Purchase Agreement then outstanding;

(xiii) retain, terminate or enter into any salary or employment negotiations or employment agreement with any employee or any future employee;

(xiv) incur indebtedness (other than trade payables) or enter into contracts or leases that require payments in excess of $5,000 in the aggregate;

(xv) make or incur any single capital expenditure;

(xvi) award stock options, stock appreciation rights or similar employee benefits or determine vesting schedules, exercise prices or similar features;

(xvii) make any material change in the nature of its business or enter into any new line of business, joint venture or similar arrangement;

(xviii) pledge its assets or guarantee the obligations of any other individual or entity;

(xix) recommend approval of any new equity incentive plan;

(xx) form or acquire any subsidiary, joint venture or similar business entity; or

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 11 of 13 Pages

(xxi) directly or indirectly enter into, or permit to exist, any material transaction with any affiliate of the Company, any director or officer or any affiliate of a director or officer, or transfer, pay, loan or otherwise obligate the Company to give cash, services, assets or other items of value to affiliates, officers or directors or any affiliate of a officer or director or commit to do any of the preceding, except for employee compensation or for reimbursement of ordinary business expenses.

The above summary description of the Purchase Agreement, the Certificate of Designation and the Investor’s Rights Agreement is not intended to be complete and is qualified in its entirety to the full text of those agreements, which are incorporated herein by reference. The terms of the Series A Convertible Preferred Stock are described in greater detail in the Certificate of Designation, the full text of which is incorporated herein by reference. A copy of the Securities Purchase Agreement, the First Amendment to Securities Purchase Agreement, the Certificate of Designation and the Investor’s Rights Agreement is attached as Exhibits 1.1, 1.2, 3.1 and 4.1, respectively, to this Schedule 13D.

Stock Purchase Agreement: On October 13, 2006, the Partnership, Mr. Bair and the Company entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”), whereby the Partnership purchased 110,618 shares of Common Stock owned by Mr. Bair for an aggregate purchase price of $221,236, or $2.00 per share of Common Stock. Mr. Bair previously issued a warrant to purchase 1,336 shares of Common Stock owned by him to a third-party, which expired on February 19, 2007. Pursuant to the Stock Purchase Agreement, the Partnership had the right, but not the obligation, to purchase from Mr. Bair any shares of Common Stock that were not acquired by the third-party pursuant to that warrant at a purchase price of $2.00 per share. That warrant expired without exercise, and on March 8, 2007, the Partnership purchased all of the shares subject to that warrant from Mr. Bair at purchase price of $2.00 per share. Further, the Stock Purchase Agreement provided that the Company and the Partnership release Mr. Bair, and Mr. Bair release the Company and the Partnership, from, among other things, any and all actions, liabilities, obligations and damages arising prior to October 13, 2006; provided, however, Mr. Bair was not released in any manner with respect to stockholder derivative litigation. This summary description of the Stock Purchase Agreement is not intended to be complete and is qualified in its entirety to the full text of that agreement, a copy of which is filed as Exhibit 5.1 to this Schedule 13D and incorporated herein by reference.

Management Services: Since June 8, 2006, personnel of Radical Incubation LP, an affiliate of the Partnership, have provided certain management services, including, among others, legal, financial and technology services, to the Company and DiscLive, Inc., a wholly-owned subsidiary of the Company. Management estimated the cost of those services was approximately $29,000 during the period from June 8, 2006 through December 31, 2006. The cost of those services was determined by multiplying the hourly rate of the personnel providing those services by the estimated number of hours expended performing those services. Radical Incubation LP did not require payment for those services. Accordingly, the Company recorded the cost of those services as a deemed contribution by the Partnership and as non-cash consulting expense in the financial statements for the year ended December 31, 2006.

On February 23, 2007, but effective as of January 1, 2007, the Company and DiscLive, Inc. entered into a Management Services Agreement with Radical Incubation LP. Pursuant to this Management Services Agreement, personnel of Radical Incubation LP, including the directors of the Company, provide certain management services to the Company and DiscLive, Inc., including, among others, legal, financial, marketing and technology. These services are provided to the Company and DiscLive, Inc. at a cost of $3,500 per month; however, the Company is not required to pay these fees and expenses and, accordingly, accounts for these costs of services as a deemed contribution to the Company by the Partnership. This summary description of the Management Services Agreement is not intended to be complete and is qualified in its entirety to the full text of that agreement, a copy of which is filed as Exhibit 6.1 to this Schedule 13D and incorporated herein by reference.

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 12 of 13 Pages

Asset Purchase Agreement: On August 31, 2007, the Partnership, the Company and IMKI Ventures, Inc., a wholly-owed subsidiary of the Company, entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”). In accordance with the Asset Purchase Agreement, on August 31, 2007, IMKI Ventures, Inc. purchased an e-commerce website in development and certain related assets from the Partnership in exchange for the Company’s issuance to the Partnership of 60,514 shares of Common Stock. The determination of the number of shares of Common Stock was the result of the quotient of $151,285, the value of the assets, and the closing price of the Common Stock as reported by the Over-the-Counter Bulletin Board on the trading day immediately preceding the date of closing, or $2.50 per share of Common Stock. In the Asset Purchase Agreement, the Partnership and the Company and IMKI Ventures, Inc. represented and warranted to, and covenanted with, each other as to various matters, including, without limitation, the Partnership’s title to the assets. This summary description of the Asset Purchase Agreement is not intended to be complete and is qualified in its entirety to the full text of that agreement, a copy of which is filed as Exhibit 7.1 to this Schedule 13D and incorporated herein by reference.

Except for the items described in response to this Item 6, to the best knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any of the securities of the Company, including, but not limited to, transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

Item 7.		Material to Be Filed as Exhibits

Item 7 is hereby supplemented as follows:

Exhibit
Number		Description of Exhibit
6.1		Management Services Agreement, dated February 23, 2007, but effective January 1, 2007, by and among Immediatek, Inc., DiscLive, Inc. and Radical Incubation LP (filed as Exhibit 10.21 to Immediatek, Inc.’s Current Report on Form 8-K filed on February 26, 2007 and incorporated herein by reference).
7.1		Asset Purchase Agreement, dated August 31, 2007, by and among Immediatek, Inc., IMKI Ventures, Inc. and Radical Holdings LP (filed as Exhibit 10.22 to Immediatek, Inc.’s Current Report on Form 8-K filed on September 6, 2007 and incorporated herein by reference).

CUSIP No. 45252S 30 6		SCHEDULE 13D		Page 13 of 13 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: September 5, 2007		RADICAL HOLDINGS LP,
		a Texas limited partnership
		By:		Radical Management LLC, a Texas limited liability company, its general partner
				By:		/s/ MARK CUBAN
				Name:		Mark Cuban
				Title:		President
		RADICAL MANAGEMENT LLC,
		a Texas limited liability company
		By:		/s/ MARK CUBAN
		Name:		Mark Cuban
		Title:		President
		/s/ MARK CUBAN
		Mark Cuban

SCHEDULE I

MANAGERS AND EXECUTIVE OFFICERS

Set forth below is each manager and executive officer of Radical Management, LLC. The principal address of Radical Management LLC and the current business address for each individual listed below is 5424 Deloache Avenue, Dallas, Texas 75220. Each such person is a citizen of the United States.

Mark Cuban is the President and Manager of Radical Management, LLC. Mr. Cuban is a private business owner and investor.

Martin Woodall is the Vice President and Treasurer of Radical Management, LLC. Mr. Woodall serves in similar capacities with various entities owned by Mr. Cuban.

Robert S. Hart is the Secretary of Radical Management, LLC. Mr. Hart serves as the general counsel to various entities owned by Mr. Cuban.