-----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, DuXKV1AdTXJSLA8BM/NfSA7DxbHYTVR2FyICqxh87A9QS0Jc+Npja4q7o9kBl+Ya amUKxHTCKRmHpk4YP5AUhw== /in/edgar/work/0000909143-00-000294/0000909143-00-000294.txt : 20001011 0000909143-00-000294.hdr.sgml : 20001011 ACCESSION NUMBER: 0000909143-00-000294 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000901 FILED AS OF DATE: 20001010 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EDGE TECHNOLOGY GROUP INC CENTRAL INDEX KEY: 0001015172 STANDARD INDUSTRIAL CLASSIFICATION: [7997 ] IRS NUMBER: 133778895 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 000-20995 FILM NUMBER: 737755 BUSINESS ADDRESS: STREET 1: 901 YAMATO ROAD SUITE 175 CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 5617507559 MAIL ADDRESS: STREET 1: 901 YAMATO ROAD SUITE 175 STREET 2: SUITE 175 CITY: BOCA RATON STATE: FL ZIP: 33431 FORMER COMPANY: FORMER CONFORMED NAME: VISUAL EDGE SYSTEMS INC DATE OF NAME CHANGE: 19960604 COMPANY DATA: COMPANY CONFORMED NAME: SUMMIT CAPITAL LTD CENTRAL INDEX KEY: 0001067844 STANDARD INDUSTRIAL CLASSIFICATION: [ ]OWNER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: HUTKINS WATERFRONT PLAZA, MAIN ST STREET 2: PO BOX 556, CHARLESTOWN, NEXIS WEST INDI CITY: WEST INDIES MAIL ADDRESS: STREET 1: HUTKINS WATERFRONT PLAZA, MAIN STREET STREET 2: PO BOX 556, CHARLESTOWN, NEXIS WEST INDI CITY: WEST INDIES 4 1 0001.txt ----------------------------- OMB APPROVAL ----------------------------- OMB Number 3235-0287 Expires: December 31, 2001 Estimated average burden hours per response ..... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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(f) of the Investment Company Act of 1940 [ ] CHECK THIS BOX IF NO LONGER SUBJECT OF SECTION 16. FORM 4 OR FORM 5 OBLIGATIONS MAY CONTINUE. SEE INSTRUCTION 1(B). ====================================================================== 1. Name and Address of Reporting Person Summit Capital Limited - ---------------------------------------------------------------------- (Last) (First) (Middle) Hunkins Waterfront Plaza, Main Street, P.O. Box 556 - ---------------------------------------------------------------------- (Street) Charlestown, Nevis, West Indies - ---------------------------------------------------------------------- (City) (State) (Zip) ====================================================================== 2. Issuer Name and Ticker or Trading Symbol Edge Technology Group, Inc. (EDGE) ====================================================================== 3. IRS or Social Security Number of Reporting Person (Voluntary) ====================================================================== 4. Statement for Month/Year September 2000 ====================================================================== 5. If Amendment, Date of Original (Month/Year) ====================================================================== 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ X ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) ------------------------------------------ ====================================================================== 7. Individual or Joint/Group Filing (Check Applicable Line) [ X ] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ====================================================================== - -----------------------------------------------------------------------
================================================================================================================================= Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================================================================= 6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Nature Transaction (Instr. 3, 4 and 5) Beneficially Direct of Indirect 2. Code ------------------------------- Owned at End (D) or Beneficial 1. Transaction (Instr. 8) (A) of Month Indirect Ownership Title of Security Date ------------ Amount or Price (Instr. 3 (I) (Instr. (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) 4) - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 9-1-00 P 884,000 A (1) D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 9-1-00 P 247,000 A (1) 1,141,279(2) D - ----------------------------------------------------------------------------------------------------------------------------------- Series A-2 Convertible Preferred Stock 9-1-00 S 800 D (1) -0- D - ----------------------------------------------------------------------------------------------------------------------------------- 8.25% Convertible Notes 9-1-00 S $200,000 D (1) -0- D - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- =================================================================================================================================== Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) =================================================================================================================================== 9. 10. Number Owner- of ship 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ----------------- Deriv- Owned (D) or Bene- 1. of action Code of (D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------- ---------------- Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Series A-2 Convertible Preferred (1) 9-1-00 C 800 12/29/98 Common 884,000(1) -0- D Stock - ----------------------------------------------------------------------------------------------------------------------------------- 8.25% Convertible Notes (1) 9-1-00 C $200,000 06/13/97 Common 247,000 -0- D Stock - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- ===================================================================================================================================
Explanation of Responses: (1) On September 1, 2000, the Reporting Person waived certain conditions precedent and consummated an agreement with the Issuer to (a) fix the conversion price for each of the 8.25% unsecured convertible notes ("Notes") and Series A-2 Convertible Preferred Stock ("Series A-2 Preferred") issued by the Issuer to the Reporting Person at $1.00 per share from a conversion price that floated based upon the market price for the Common Stock and (b) convert all of the Reporting Person's Notes and Series A-2 Preferred (including accrued but unpaid dividends and interest) into Common Stock. (2) On September 1, 2000, the Issuer effected a one-for-four reverse stock split of its Common Stock. All Common Stock share numbers reported reflected the reverse stock split. SUMMIT CAPITAL LIMITED By: /s/ J. Keith Benedict October 10, 2000 -------------------------------------------- --------------- **Signature of Reporting Person Date J. Keith Benedict, as Attorney-in-Fact ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedures. POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints each of J. Keith Benedict or John Wagner, signing singly, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an owner of 10% or more than of a registered class of equity securities of Edge Technology, Inc. (the "Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5 and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in- fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney- in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers therein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in- fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 10th day of October, 2000. SUMMIT CAPITAL LIMITED By: /s/ James A. Loughran -------------------------- James A. Loughran, Director -----END PRIVACY-ENHANCED MESSAGE-----