-----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, HK0scXBt4qDrdy8YyBGkQHu1mj1ISmtB9Yo1JOZA00UfCXJfAb3SkeYfH6lnYKgA GccOmZF57KtxUb+VUalmpg== 0000912057-01-005101.txt : 20010214 0000912057-01-005101.hdr.sgml : 20010214 ACCESSION NUMBER: 0000912057-01-005101 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NETTAXI INC CENTRAL INDEX KEY: 0001084876 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 820486102 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-58813 FILM NUMBER: 1538183 BUSINESS ADDRESS: STREET 1: 1696 DELL AVE CITY: CAMPBELL STATE: CA ZIP: 95008 BUSINESS PHONE: 4088799880 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RGC INTERNATIONAL INVESTORS LDC CENTRAL INDEX KEY: 0001051784 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 980170179 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O ROSA GLEN CAPITAL MANAGEMENT LP STREET 2: 251 ST ASAPHS ROAD SUITE 200 CITY: BALA CYNWID STATE: PA ZIP: 19004 BUSINESS PHONE: 6106175900 MAIL ADDRESS: STREET 1: C/O ROSA GLEN CAPITAL MANAGEMENT LP STREET 2: 251 ST ASAPHS ROAD SUITE 200 CITY: BALA CYNWID STATE: PA ZIP: 19004 SC 13G/A 1 a2038397zsc13ga.txt SC 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------- SCHEDULE 13G/A (Amendment No. 1) INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2 NETTAXI.COM ---------------------------------------------------- (Name of Issuer) COMMON STOCK, $.001 PAR VALUE ---------------------------------------------------- (Title of Class of Securities) 64115G102 ---------------------------------------------------- (CUSIP Number) RGC International Investors, LDC c/o Rose Glen Capital Management, L.P. 3 Bala Plaza East, Suite 501 251 St. Asaphs Road Bala Cynwyd, PA 19004 Attn: Gary S. Kaminsky (610)617-5900 DECEMBER 31, 2000 ----------------------------------------------------- Date of Event Which Requires Filing of this Statement 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 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. 13G - --------------------- ----------------- CUSIP NO. 64115G102 PAGE 2 OF 8 PAGES - --------------------- ----------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON/ 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) RGC International Investors, LDC - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| 2 (b)|X| - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Cayman Islands - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 Number of 0 Shares --------------------------------------------- Beneficially SHARED VOTING POWER Owned by 6 Each 2,218,117 Reporting --------------------------------------------- Person SOLE DISPOSITIVE POWER With 7 0 --------------------------------------------- SHARED DISPOSITIVE POWER 8 2,218,117 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 2,218,117 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 |_| N/A - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 4.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 12 00 - ------------------------------------------------------------------------------ 13G - --------------------- ----------------- CUSIP NO. 64115G102 PAGE 3 OF 8 PAGES - --------------------- ----------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON/ 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) Rose Glen Capital Management, L.P. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| 2 (b)|X| - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 Number of 0 Shares --------------------------------------------- Beneficially SHARED VOTING POWER Owned by 6 Each 2,218,117 Reporting --------------------------------------------- Person SOLE DISPOSITIVE POWER With 7 0 --------------------------------------------- SHARED DISPOSITIVE POWER 8 2,218,117 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 2,218,117 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 |_| N/A - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 4.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 12 PN - ------------------------------------------------------------------------------ 13G - --------------------- ----------------- CUSIP NO. 64115G102 PAGE 4 OF 8 PAGES - --------------------- ----------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON/ 1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) RGC General Partner Corp. - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| 2 (b)|X| - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 Number of 0 Shares --------------------------------------------- Beneficially SHARED VOTING POWER Owned by 6 Each 2,218,117 Reporting --------------------------------------------- Person SOLE DISPOSITIVE POWER With 7 0 --------------------------------------------- SHARED DISPOSITIVE POWER 8 2,218,117 - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 2,218,117 - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES 10 CERTAIN SHARES |_| N/A - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 4.9% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 12 CO - ------------------------------------------------------------------------------ 13G - --------------------- ----------------- CUSIP NO. 64115G102 PAGE 5 OF 8 PAGES - --------------------- ----------------- ITEM 1(a). NAME OF ISSUER: Nettaxi.com ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1696 Dell Avenue Campbell, California 95008 ITEM 2(a). NAME OF PERSON FILING ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE ITEM 2(c). CITIZENSHIP: RGC International Investors,LDC c/o SEI Fund Resources International, Ltd. Styne House, Upper Hatch Street Dublin, Ireland 2 Cayman Islands limited duration company Rose Glen Capital Management, L.P. 3 Bala Plaza East, Suite 501 251 St. Asaphs Road Bala Cynwyd, Pennsylvania 19004 Delaware limited partnership RGC General Partner Corp. 3 Bala Plaza East, Suite 501 251 St. Asaphs Road Bala Cynwyd, Pennsylvania 19004 Delaware corporation ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $.001 per share (the "Common Stock"). ITEM 2(e). CUSIP NUMBER: 64115G102 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: N/A IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(c), CHECK THIS BOX. |X| 13G - --------------------- ----------------- CUSIP NO. 64115G102 PAGE 6 OF 8 PAGES - --------------------- ----------------- ITEM 4. OWNERSHIP. RGC International Investors, LDC ("RGC") Rose Glen Capital Management, L.P. ("Rose Glen") RGC General Partner Corp. ("Partner") RGC is a private investment fund. Rose Glen is the investment manager of RGC, and Partner is the general partner of Rose Glen. (a) Amount beneficially owned: 2,218,117 shares of Common Stock (1) (b) Percent of Class: 4.9% as of the date of filing this statement. (Based on 43,049,586 shares of Common Stock issued and outstanding as of October 31, 2000.) (1) (c) Number of shares as to which such persons have: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: See Item 4(a) above. (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: See Item 4(a) above. - ---------- (1) The beneficial ownership reported herein represents shares of Common Stock that RGC may acquire through the exercise of warrants to acquire (i) 2,200,000 shares of Common Stock at an exercise price $1.50 per share and (ii) 269,692 shares of Common Stock at an exercise price of $4.38 per share (collectively, the "Warrants"). The terms of the Warrants provide that the Warrants are exercisable on any given date only to the extent that the number of shares of Common Stock then issuable upon exercise of the Warrants, together with any other shares of Common Stock beneficially owned by the Reporting Persons or any of their affiliates (excluding for this purpose shares of Common Stock which may be deemed beneficially owned through the ownership of the unexercised Warrants), would not exceed 4.9% of the Common Stock then issued and outstanding. Accordingly, RGC's ability to fully exercise the Warrants may be limited by the terms of such Warrants. 13G - --------------------- ----------------- CUSIP NO. 64115G102 PAGE 7 OF 8 PAGES - --------------------- ----------------- 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. |X| ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. N/A ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. N/A ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. N/A ITEM 9. NOTICE OF DISSOLUTION OF GROUP. N/A 13G - --------------------- ----------------- CUSIP NO. 64115G102 PAGE 8 OF 8 PAGES - --------------------- ----------------- 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. 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. RGC International Investors, LDC By: Rose Glen Capital Management, L.P. By: RGC General Partner Corp. Dated: February 13, 2001 By: /s/ GARY S. KAMINSKY --------------------- Gary S. Kaminsky Managing Director Rose Glen Capital Management, L.P. By: RGC General Partner Corp. Dated: February 13, 2001 By: /s/ GARY S. KAMINSKY -------------------- Gary S. Kaminsky Managing Director RGC General Partner Corp. Dated: February 13, 2001 By: /s/ GARY S. KAMINSKY -------------------- Gary S. Kaminsky Managing Director EXHIBIT A JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is used in the Schedule 13G/A referred to below) on behalf of each of them of a statement on Schedule 13G/A (including amendments thereto) with respect to the Common Stock, par value $.001 per share, of Nettaxi.com, and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 13th day of February, 2001. RGC International Investors, LDC By: Rose Glen Capital Management, L.P. By: RGC General Partner Corp. Dated: February 13, 2001 By: /s/ GARY S. KAMINSKY --------------------- Gary S. Kaminsky Managing Director Rose Glen Capital Management, L.P. By: RGC General Partner Corp. Dated: February 13, 2001 By: /s/ GARY S. KAMINSKY -------------------- Gary S. Kaminsky Managing Director RGC General Partner Corp. Dated: February 13, 2001 By: /s/ GARY S. KAMINSKY -------------------- Gary S. Kaminsky Managing Director -----END PRIVACY-ENHANCED MESSAGE-----