-----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, KM+eT6wOmt+SM1Xta0MplmTSANGIeM/ST2B1jyq0TLMtuwDI8zoIxjzWZrKJq9cS rb5pjZv5om6TXObLZd0uZA== 0000935836-99-000006.txt : 19990113 0000935836-99-000006.hdr.sgml : 19990113 ACCESSION NUMBER: 0000935836-99-000006 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990112 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTRENET INC CENTRAL INDEX KEY: 0000778161 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 351597565 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-36745 FILM NUMBER: 99504649 BUSINESS ADDRESS: STREET 1: 400 TECHNECENTER DRIVE SUITE 200 CITY: MILFORD STATE: OH ZIP: 45150 BUSINESS PHONE: 5135766666 FORMER COMPANY: FORMER CONFORMED NAME: CIRCLE EXPRESS INC DATE OF NAME CHANGE: 19900702 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKHAVEN CAPITAL MANAGEMENT CO LTD CENTRAL INDEX KEY: 0000932704 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3000 SANDHILL RD STREET 2: BLDG 3 SUITE 105 CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 4158545544 MAIL ADDRESS: STREET 1: 3000 SANDHILL ROAD SUITE 105 STREET 2: BLDG 3 CITY: MELO PARK STATE: CA ZIP: 94025 SC 13D/A 1 OMB APPROVAL OMB Number:3235-0145 Expires: August 31, 1999 Estimated average burden hours per form 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) Intrenet Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 461190100 (CUSIP Number) Benjamin L. Douglas, Esq. Shartsis Friese & Ginsburg LLP One Maritime Plaza, 18th Floor San Francisco, CA 94111 (415) 421-6500 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 30, 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 the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), 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. * 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1746 (10-97) CUSIP No. 461190100 Page 2 of 15 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Vincent Andrew Carrino - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF, PF - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 83,800 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 4,016,833 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 83,800 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 4,115,733 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,199,533 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 30.3 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN CUSIP No. 461190100 Page 3 of 15 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Brookhaven Capital Management, LLC - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 3,958,633 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,958,633 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,958,633 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 29.2 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO, IA CUSIP No. 461190100 Page 4 of 15 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Brookhaven Capital Management Co., Ltd. - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 58,200 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 58,200 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 58,200 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO, IA CUSIP No. 461190100 Page 5 of 15 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Watershed Partners, L.P. - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,373,753 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,373,753 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,373,753 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN CUSIP No. 461190100 Page 6 of 15 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Piton Partners, L.P. - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 250,010 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 250,010 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 250,010 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.8 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN CUSIP No. 461190100 Page 7 of 15 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Watershed (Cayman) Ltd. - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,093,850 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 0 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,093,850 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,093,850 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.1 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* OO CUSIP No. 461190100 Page 8 of 15 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Robert B. Fagenson - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 52,000 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 25,000 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 52,000 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 25,000 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 77,000 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.6 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN CUSIP No. 461190100 Page 9 of 15 Pages - --------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON IRS IDENTIFICATION NO. OF ABOVE PERSON Gerald Anthony Ryan - --------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - --------------------------------------------------------------------------- 3 SEC USE ONLY - --------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - --------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - --------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - --------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 150,000 BENEFICIALLY -------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 0 REPORTING -------------------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 150,000 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - --------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,000 - --------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ - --------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.1 - --------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN CUSIP No. 461190100 Page 10 of 15 Pages ITEM 1. SECURITY AND ISSUER. This statement relates to shares of Common Stock (the "Stock") of Intrenet Inc. (the "Issuer"). The principal executive office of the Issuer is located at 400 TechneCenter Drive, Suite 200, Milford, OH 45150. ITEM 2. IDENTITY AND BACKGROUND. The persons filing this statement and the persons enumerated in Instruction C of Schedule 13D and, where applicable, their respective places of organization, general partners, directors, executive officers and controlling persons, and the information regarding them, are as follows: (a) Brookhaven Capital Management Co., Ltd. ("BCM Co."), Brookhaven Capital Management, LLC ("BCM, LLC"), Vincent Andrew Carrino ("Carrino"), Watershed Partners, L.P. ("WP"), Piton Partners, L.P. ("PP"), Watershed (Cayman) Ltd. ("WCL"), Robert B. Fagenson ("Fagenson") and Gerald Anthony Ryan ("Ryan") (collectively, the "Filers"). (b) The business address of BCM Co., BCM, LLC, Carrino, WP and PP is 3000 Sandhill Road, Building 3, Suite 105, Menlo Park, CA 94025. The business address of WCL is c/o Hemisphere Fund Managers Limited, 3rd Floor, Harbour Centre, P.O. Box 30362, SMB, George Town, Cayman Islands. The business address of Fagenson is 19 Rector Street, New York, NY 10006. The business address of Ryan is 3230 W. Lake Road, Erie, PA 16505. (c) Carrino is the president and sole shareholder of BCM Co. and the manager and principal member of BCM, LLC. Fagenson is the chairman of Fagenson & Company, Inc., a registered broker-dealer. Ryan is the chairman of Rent-Way, Inc. See Item 6 for an additional description of the relationships among the Filers. (d) During the last five years, none of the Filers has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the Filers was 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) Carrino, Fagenson and Ryan are citizens of the United States of America. BCM Co. is a New York corporation. BCM, LLC is a California limited liability company. WP and PP are Delaware limited partnerships. WCL is a Cayman Islands exempted company. CUSIP No. 461190100 Page 11 of 15 Pages ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The source and amount of funds used in purchasing the Stock were as follows: Purchaser Source of Funds Amount BCM, LLC Funds under Management* $10,806,609 BCM Co. Working Capital $ 159,346 WP Working Capital $ 3,733,515 PP Working Capital $ 688,811 WCL Working Capital $ 3,001,144 Carrino Personal Funds $ 212,262 Carrino Affiliate $ 262,384 Fagenson Personal Funds $ 213,715 Ryan Personal Funds $ 412,500 *Includes funds of WP, PP, WCL and other advisory clients used to purchase the Stock. ITEM 4. PURPOSE OF TRANSACTION. The Filers have discussed, and intend to continue to discuss, with management and members of the Board of Directors of the Issuer, the strategies the Issuer plans to employ to maximize shareholder value, including, but not limited to, the composition of the Issuer's Board of Directors, corporate acquisitions and expansion of its existing operations. The Filers have communicated with members of the Issuer's Board of Directors, including its Chairman, the Filers' views as to the merits of changes in the makeup of the Issuer's current Board of Directors. The Filers believe that active independent directors with a long-term strategic view of maximizing shareholder value will provide useful guidance to the Issuer's management. As part of the Filers' desire to strengthen the composition of the Issuer's Board of Directors, the Filers intend to support the election of Carrino, Fagenson and Ryan as independent directors, and election of Fagenson as Chairman of the Board. The Filers may seek a special shareholders meeting, for the purpose of electing a new slate of Directors, prior to the Issuer's next annual shareholder meeting. The Filers have also been in contact, and may continue to be in contact, with other significant shareholders of the Issuer regarding the above- mentioned matters. The Filers may buy or sell additional shares of Stock in the open market from time to time. CUSIP No. 461190100 Page 12 of 15 Pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The beneficial ownership of the Stock by each Filer at the date hereof is reflected on that Filer's cover page. The Filers effected the following transactions in the Stock in open market transactions on the dates indicated, and such transactions are the only transactions in the Stock by the Filers since October 30, 1998: Purchase Number Price Name or Sale Date of Shares Per Share WP P 11/2/98 7,500 $2.3125 BCM Co. P 11/3/98 3,200 $2.3866 Carrino P 11/5/98 5,000 $2.518 Carrino P 11/5/98 5,500 $2.518 Carrino P 11/5/98 5,000 $2.518 WP P 11/5/98 1,500 $2.3125 WCL P 11/17/98 2,500 $2.3125 WCL P 11/25/98 10,800 $2.5561 Carrino P 11/27/98 10,000 $2.7525 WP P 11/30/98 500 $2.6875 BCM, LLC P 12/1/98 5,000 $2.738 WP P 12/2/98 1,000 $2.625 WP P 12/2/98 500 $2.6875 WP P 12/3/98 500 $2.6875 WCL P 12/10/98 50,000 $2.375 WP S 12/10/98 5,000 $2.500 WP S 12/10/98 50,000 $2.375 WCL S 12/11/98 25,000 $2.500 WCL P 12/16/98 20,000 $2.4375 WP P 12/16/98 20,000 $2.4375 WP S 12/16/98 4,200 $2.3832 WCL S 12/17/98 1,100 $2.4375 WCL S 12/17/98 5,000 $2.3938 BCM, LLC S 12/18/98 7,860 $2.375 BCM, LLC S 12/18/98 141,370 $2.375 BCM, LLC S 12/18/98 52,600 $2.375 BCM, LLC S 12/18/98 48,170 $2.375 BCM, LLC P 12/18/98 50,000 $2.375 WCL P 12/18/98 50,000 $2.375 WP P 12/18/98 150,000 $2.375 BCM, LLC S 12/28/98 5,000 $2.48 BCM, LLC S 12/28/98 2,000 $2.48 BCM, LLC S 12/28/98 4,000 $2.48 BCM, LLC S 12/28/98 2,700 $2.48 BCM, LLC S 12/28/98 3,000 $2.48 BCM, LLC S 12/28/98 2,000 $2.48 BCM, LLC S 12/28/98 2,000 $2.48 BCM, LLC S 12/28/98 5,000 $2.48 BCM, LLC S 12/28/98 5,000 $2.48 BCM, LLC S 12/28/98 5,000 $2.48 Carrino P 12/28/98 35,700 $2.52 CUSIP No. 461190100 Page 13 of 15 Pages Carrino S 12/29/98 7,000 $2.3747 Carrino S 12/29/98 3,000 $2.3747 Carrino S 12/29/98 8,000 $2.3748 Carrino S 12/29/98 5,500 $2.3747 Carrino S 12/29/98 1,500 $2.3747 WP S 12/29/98 15,000 $2.4375 BCM, LLC P 12/30/98 300,000 $2.75 PP P 12/30/98 250,000 $2.75 BCM, LLC P 12/30/98 200,000 $2.75 BCM, LLC P 12/30/98 50,000 $2.75 Fagenson P 12/30/98 25,000 $2.75 Fagenson P 12/30/98 25,000 $2.75 Ryan P 12/30/98 150,000 $2.75 WCL P 12/30/98 680,000 $2.75 WP S 12/30/98 100,000 $2.75 WP P 12/30/98 718,923 $2.75 WP P 12/30/98 500 $2.5625 WP P 12/31/98 10,000 $3.35 WP P 12/31/98 3,000 $3.1875 BCM, LLC P 1/4/99 13,000 $3.1752 WP P 1/5/99 4,500 $3.25 Carrino S 1/6/99 4,500 $3.3869 BCM Co. P 1/7/99 10,000 $3.2852 WCL P 1/7/99 4,500 $3.4375 WP P 1/7/99 22,780 $3.2500 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. BCM, LLC is a registered investment adviser whose clients, including WP, PP and WCL, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock. BCM, LLC is the general partner of WP and PP, which are investment limited partnerships. Carrino is the sole shareholder of BCM Co. and the sole manager and majority member of BCM, LLC. No single client of BCM, LLC, other than WP and WCL, holds more than 5 percent of the Stock. The Filers have agreed to vote their shares of the Stock in support of the policies and plans discussed in Item 4. CUSIP No. 461190100 Page 14 of 15 Pages ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G. SIGNATURES After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this statement is true, complete and correct. DATED: January 8, 1999 BROOKHAVEN CAPITAL MANAGEMENT /s/ Vincent Andrew Carrino CO., LTD. Vincent Andrew Carrino By: /s/ Vincent Andrew Carrino /s/ Robert B. Fagenson Vincent A. Carrino Robert B. Fagenson President BROOKHAVEN CAPITAL MANAGEMENT, LLC /s/ Gerald Anthony Ryan Gerald Anthony Ryan By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino Manager WATERSHED (CAYMAN) LTD. WATERSHED PARTNERS, L.P. By: Brookhaven Capital Management, LLC By: Brookhaven Capital Management, LLC Attorney-in-Fact General Partner By: /s/ Vincent Andrew Carrino By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino Vincent Andrew Carrino Manager Manager PITON PARTNERS, L.P. By: Brookhaven Capital Management, LLC General Partner By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino Manager CUSIP No. 461190100 Page 15 of 15 Pages EXHIBIT A AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13D OR 13G The undersigned agree to file jointly with the Securities and Exchange Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases by the undersigned of Common Stock of Intrenet Inc. For that purpose, the undersigned hereby constitute and appoint Brookhaven Capital Management, LLC, a California limited liability company, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, in connection with said purchases, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present. DATED: January 8, 1999 BROOKHAVEN CAPITAL MANAGEMENT /s/ Vincent Andrew Carrino CO., LTD. Vincent Andrew Carrino By: /s/ Vincent Andrew Carrino /s/ Robert B. Fagenson Vincent Andrew Carrino Robert B. Fagenson President BROOKHAVEN CAPITAL MANAGEMENT, LLC /s/ Gerald Anthony Ryan Gerald Anthony Ryan By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino Manager WATERSHED (CAYMAN) LTD. WATERSHED PARTNERS, L.P. By: Brookhaven Capital Management, LLC By: Brookhaven Capital Management, LLC Attorney-in-Fact General Partner By: /s/ Vincent Andrew Carrino By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino Vincent Andrew Carrino Manager Manager PITON PARTNERS, L.P. By: Brookhaven Capital Management, LLC General Partner By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino Manager 1023246.01 -----END PRIVACY-ENHANCED MESSAGE-----