-----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, BflmPftrecWAsks6dcu5YxwsFY9l9A/BuC42OCJjE8SbnQBszab5zOINBS58h1bJ ibsemnY5+9Jke1bD0JAVzw== 0001070802-98-000002.txt : 19980923 0001070802-98-000002.hdr.sgml : 19980923 ACCESSION NUMBER: 0001070802-98-000002 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980922 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FLEXWEIGHT CORP CENTRAL INDEX KEY: 0000316128 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 480680109 STATE OF INCORPORATION: KS FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-52221 FILM NUMBER: 98713034 BUSINESS ADDRESS: STREET 1: 1946 PLATEAU WAY STREET 2: SUITE 151 CITY: WENDOVER STATE: NV ZIP: 89883 BUSINESS PHONE: 7026643484 MAIL ADDRESS: STREET 1: 1946 PLATEAU WAY STREET 2: SUITE 151 CITY: WENDOVER STATE: UT ZIP: 89883 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BERNSTEIN HOWARD /FL CENTRAL INDEX KEY: 0001070802 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 324 NO DALE MABRY STREET 2: SUITE 300 CITY: TALIPA STATE: FL ZIP: 33609 BUSINESS PHONE: 8133489689 MAIL ADDRESS: STREET 1: 324 NO DALE MABRY STREET 2: SUITE 300 CITY: TALIPA STATE: FL ZIP: 33609 SC 13D 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 FLEXWEIGHT CORPORATION ---------------------- (Name of Issuer) Common Stock, par value $0.10 ----------------------------- (Title of Class of Securities) 339385 20 5 ----------- (CUSIP No.) Walter Sanders 915 North Wells Wendover, Nevada, 89883 (702) 664-3484 (Name, address and telephone number of person authorized to receive notices and communications) May 7, 1998 ----------- (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 which is subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box ( ). Check the following box if a fee is being paid with the statement ( ). 1 SCHEDULE 13D CUSIP No. 339385-20-5 Page 2 of 4 Pages ________________________________________________________________________________ 1) NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Howard Bernstein ________________________________________________________________________________ 2) CHECK THE APPROPRIATE BOX IF EITHER IS A MEMBER OF A GROUP (A) ( ) (B) ( ) ________________________________________________________________________________ 3) SEC USE ONLY ________________________________________________________________________________ 4) SOURCE OF FUNDS OO ________________________________________________________________________________ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e). [ ] ________________________________________________________________________________ 6) CITIZENSHIP OR PLACE OF ORGANIZATION A Florida Resident ________________________________________________________________________________ 7) SOLE VOTING POWER 650,000 NUMBER OF _____________________________________________________ SHARES BENEFICIALLY 8) SHARED VOTING POWER OWNED BY _____________________________________________________ EACH REPORTING 9) SOLE DISPOSITIVE POWER 650,000 PERSON WITH _____________________________________________________ 10) SHARED DISPOSITIVE POWER ________________________________________________________________________________ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Bernstein - 650,000 ________________________________________________________________________________ 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ( ) ________________________________________________________________________________ 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 21.24% ________________________________________________________________________________ 14) TYPE OF REPORTING PERSON IN 2 Item 1. Security and Issuer This schedule relates to the common stock, par value $0.10 per share, of Flexweight Corporation ("Common Stock"). Flexweight Corporation is a Kansas corporation with principal executive offices at 915 North Wells, Wendover, Nevada 89883. ("Issuer"). Item 2. Identity and Background (a) This statement is filed by Howard Bernstein ("Bernstein") (b) The principal address for Bernstein is 324 North Dale Mabry, #301, Tampa, Florida 33609. (c) Bernstein is employed as a private lender and investor. (d) Bernstein has not been convicted in a criminal proceeding during the last five years. (e) During the last five years, Bernstein has not been a party to a civil proceeding that resulted in 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) Bernstein is a resident of the State of Florida. Item 3. Source and Amount of Funds or Other Consideration On May 7, 1998, Bernstein received 100,000 shares of common stock of the Issuer as an inducement to extend credit to Oasis Hotel, Resort & Casino III, Inc. Bernstein also received 550,000 shares of common stock of the Issuer on May 13, 1998, to serve as collateral for the loan of $550,000 to Oasis Hotel, Resort & Casino III, Inc. the terms of the loan require monthly interest only payments at an interest rate of 10.9% per annum, with a term of one year. The debt is further secured by 18.289 acres located in Oasis, Nevada. Item 4. Purpose of Transaction The purpose of the transactions was to obtain financing for the acquisition of real estate located in Oasis, Nevada by Oasis Hotel, Resort & Casino III, Inc. Item 5. Interest in Securities of the Issuer (a) The aggregate number and percentage of class of securities identified pursuant to Item 1 beneficially owned by Bernstein is 650,000 shares or 21.22% of the Issuers issued and outstanding shares as of May 13, 1998, reported to be 3,063,182 by the Issuer's transfer agent. As of September 22, 1998 the Issuers issued and outstanding shares, reported to be 16,136,320 by the Issuer's transfer agent, which reflects a 4.03% ownership. (b) Bernstein has the sole power to vote or direct the vote and to dispose or direct the disposition of the 650,000 shares. Bernstein does not share his right to vote or direct the vote or dispose or direct the disposition of the 650,000 shares. (c) None 3 (d) No person aside from the reporting person listed herein has the right to receive or power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. (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. None. 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 17, 1998 /s/ Howard Bernstein -------------------- Howard Bernstein Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1061). 4 -----END PRIVACY-ENHANCED MESSAGE-----