SC 13G 1 d24671_sch13g.txt SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) WORLDS.COM, INC. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 Par Value -------------------------------------------------------------------------------- (Title of Class of Securities) 981918105 -------------------------------------------------------------------------------- (CUSIP Number) March 22, 2000 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Dion R. Friedland 28 Sloane Street Flat #8 London SWIX9NE United Kingdom -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - with copies to - Michael G. Tannenbaum, Esq. Tannenbaum Helpern Syracuse & Hirschtritt 900 Third Avenue - 13th Floor New York, New York 10022 (212) 508-6700 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) The information required in 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 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. 981918105 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dion R. Friedland ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Republic of South Africa ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 3,430,707 Shares _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 0 _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 3,430,707 Shares _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 0 ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,430,707 Shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 17.86% of Common Stock ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 6 Pages CUSIP No. 981918105 ________________________________________________________________________________ Item 1(a). Name of Issuer: WORLDS.COM, INC. (the "Issuer") ________________________________________________________________________________ Item 1(b). Address of Issuer: WORLDS.COM, INC. 15 Union Wharf Boston, MA 02109 ________________________________________________________________________________ Item 2(a). Name of Person Filing: Dion R. Friedland ________________________________________________________________________________ Item 2(b). Address of Principal Business Office, or if None, Residence: The address of the reporting person is: 28 Sloane Street Flat #8 London SWIX9NE United Kingdom ________________________________________________________________________________ Item 2(c). Citizenship: Republic of South Africa ________________________________________________________________________________ Item 2(d). Title of Class of Securities: Common Stock, $0.001 Par Value ________________________________________________________________________________ Item 2(e). CUSIP Number: 981918105 ________________________________________________________________________________ Page 3 of 6 Pages CUSIP No. 981918105 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [_] Broker or dealer registered under Section 15 of the Exchange Act. (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [_] Investment company registered under Section 8 of the Investment Company Act. (e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Page 4 of 6 Pages CUSIP No. 981918105 Item 4. Ownership. (a) Amount Beneficially Owned: As of February 9, 2001, the aggregate of 3,430,707 shares of the Issuer were beneficially owned by: (i) Giant Trading, Inc., a Panamanian corporation, and Hesperus XIX N.V., a Netherlands Antilles corporation, each solely controlled by Mr. Friedland; (ii) the following British Virgin Islands corporations advised by Magnum Fund Management Ltd. of which Mr. Friedland is the chairman: Magnum Select Fund Ltd. and Spectrum Galaxy Fund Ltd.; and (iii) Rosebud Capital Growth Fund Ltd., a British Virgin Islands corporation which is advised by Rosebud Fund Management Ltd., which is advised by Mr. Friedland as director. Mr. Friedland disclaims beneficial ownership of the shares in which he has no pecuniary interest. (b) Percent of Class: 17.86% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote , 3,430,707 Shares (ii) Shared power to vote or to direct the vote , 0 (iii) Sole power to dispose or to direct the disposition of , 3,430,707 Shares (iv) Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following |_|. 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 Page 5 of 6 Pages CUSIP No. 981918105 Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. 2/9/01 -------------------------------------------------------------------------------- Date /s/ Dion R. Friedland -------------------------------------------------------------------------------- Signature Dion R. Friedland -------------------------------------------------------------------------------- Name/Title Page 6 of 6 Pages