-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GPcEEGMIiX1I+A4YZ+Xwg6WbjCNqqAkUa+PQO6J65wsD4NEza2ZbcjvKizc8eqKR bVZ6i71NCXEBkKXj89ehYQ== /in/edgar/work/20001103/0001005477-00-007514/0001005477-00-007514.txt : 20001106 0001005477-00-007514.hdr.sgml : 20001106 ACCESSION NUMBER: 0001005477-00-007514 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001103 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: QUEST NET CORP CENTRAL INDEX KEY: 0001102833 STANDARD INDUSTRIAL CLASSIFICATION: [9995 ] IRS NUMBER: 841331134 STATE OF INCORPORATION: FL FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-59817 FILM NUMBER: 752441 BUSINESS ADDRESS: STREET 1: 30001 W HALLANDALE BLVD CITY: PEMBROKE PARK STATE: FL ZIP: 33180 BUSINESS PHONE: 8144570900 MAIL ADDRESS: STREET 1: 2999 NE 191ST STREET STREET 2: PH-8 CITY: AVENTURA STATE: FL ZIP: 33180 FORMER COMPANY: FORMER CONFORMED NAME: PARPUTT ENTERPRISES INC DATE OF NAME CHANGE: 20000107 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JAMES LLC CENTRAL INDEX KEY: 0001127189 STANDARD INDUSTRIAL CLASSIFICATION: [ ] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O CITCO FUND SERVICES LTD STREET 2: BAHAMAS FINANCIAL CENTER CITY: NASAAU BAHAMAS ZIP: 13146 MAIL ADDRESS: STREET 1: C/O CITCO FUND SERVICES LTD STREET 2: BAHAMAS FINANCIAL CENTER CITY: NASSAU BAHAMAS ZIP: 13146 SC 13D 1 0001.txt SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. )(1) QUEST NET CORP. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 74835B200 - -------------------------------------------------------------------------------- (CUSIP Number) Samuel M. Krieger, Esq., Suite 1440, 39 Broadway, New York, New York 10006 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 17 , 2000 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b), (3) or (4), check the following box |_|. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 6 Pages) - ----------------- (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 74835B200 SCHEDULE 13D Page 2 of 6 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JAMES LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 26,810,000 -------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY -------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 26,810,000 WITH -------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 26,810,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 26,810,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 54.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1. Security and Issuer. Common Stock, no par value QUEST NET CORP. 3001 W. Hallandale Beach Blvd 2nd Floor Pembroke Park, Florida 33009 Item 2. Identity and Background Reporting Entity a. James LLC. b. c/o Citco Fund Services, Ltd. Corporate Centre Windward One West Bay Road PO Box 31106 SMB Grand Cayman, Cayman Islands c. Principal Business: Investments d. None e. None Name of Executive Officers and Principal Members of Reporting Entity a. Navigator Management Limited b. Harbour house, 2nd Floor Waterfront Drive PO Box 972 Road Town Tortola, British Virgin Islands c. Sole director and President of Investment Manager: d. None e. None f. British Virgin Islands a. David Sims b. Harbour House, Waterfront Drive P.O. Box 972 Road Town, Tortola, British Virgin Islands c. Investments d. None e. None f. Republic of South Africa Item 3. Source and Amount of Funds or Other Consideration. Source: See below Amount: Reporting Person currently owns 910,000 shares of the Common Stock of the Issuer. Reporting Person received 25,900,000 shares of Common Stock of the Issuer pursuant to a Court approved Settlement dated October 4, 2000. (James LLC vs Quest net Corp., S DNY No. 00CIV3467(RO) Item 4. Purpose of Transaction. The Shares deemed to be beneficially owned by the Reporting Entity were originally acquired for, and were being held for, investment purposes. Reporting Entity received 25,900,000 shares of Common Stock of the Issuer pursuant to a Court approved Settlement dated October 4, 2000. Based on information provided by the Issuer, there are currently outstanding 49,374,309 shares of the Common Stock of the Issuer. The Reporting Entity is evaluating all of its option with respect to the future direction of the Company. While the reporting Entity is in negotiations with a third party for the possible sale of its share, it has not entered into a definitive decision with respect thereto. Item 5. Interest in Securities of the Issuer. a.&b. All of the information given below is as of October 30, 2000. Percentages are based on 49,374,309 shares of Common Stock outstanding as of October 30, 2000. The Reporting Entity is deemed to be the beneficial owner of 26,810,000 shares of Common Stock, no par value, of the Issuer, indicated below. The Reporting Entity is deemed to beneficially own 54.3% of the outstanding shares indicated below. The Reporting Person disclaims any beneficial interest in or voting rights in the shares of Common Stock of the Issuer held by or issuable upon the exercise of any conversion or other rights held by any other holder of shares or such rights of the Issuer. Neither the Reporting Entity nor any of the other persons named above has sold any shares of Common Stock of the Issuer. d. N/A e. N/A Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. None Item 7. Material to be Filed as Exhibits. 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. November 2 , 2000 JAMES LLC - ------------------------- [Date] By: Navigator Management Limited ------------------------------------- By: /s/ Arlene de Castro ------------------------------------- Its: Assistant Secretary ------------------------------------- By: /s/ Theresa Felix ------------------------------------- Its: Secretary ------------------------------------- The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name of any title of each person who signs the statement shall be typed or printed beneath his signature. -----END PRIVACY-ENHANCED MESSAGE-----