-----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, BO6XFagKAP6VJN/NUYv461vUn+rzCXFi2sloeq76X+80xvek74devgAHSKOTLr8U ifnRNtKqubPYqpRbkpcypQ== 0001047469-03-033155.txt : 20031010 0001047469-03-033155.hdr.sgml : 20031010 20031010171042 ACCESSION NUMBER: 0001047469-03-033155 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031010 GROUP MEMBERS: JDS CAPITAL MANAGEMENT,LLC GROUP MEMBERS: JOSEPH D. SAMBERG FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JDS CAPITAL LP CENTRAL INDEX KEY: 0001264533 IRS NUMBER: 133918633 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 780 THIRD AVENUE STREET 2: 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128339921 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SUMMUS INC USA CENTRAL INDEX KEY: 0001104332 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 650185306 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-59497 FILM NUMBER: 03937541 BUSINESS ADDRESS: STREET 1: 434 FAYETTEVILLE STREET STREET 2: TWO HANOVER SQUARE SUITE 2120 CITY: RALEIGH STATE: NC ZIP: 27601 BUSINESS PHONE: 9198075693 MAIL ADDRESS: STREET 1: 434 FAYETTEVILLE STREET STREET 2: TWO HANOVER SQUARE SUITE 2120 CITY: RALEIGH STATE: NC ZIP: 27601 FORMER COMPANY: FORMER CONFORMED NAME: HIGH SPEED NET SOLUTIONS INC DATE OF NAME CHANGE: 20000127 SC 13G 1 a2120148zsc13g.txt SC 13G UNITED STATES 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) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* Summus, Inc. (USA) ---------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share ---------------------------------------------------------- (Title of Class of Securities) 866366107 ---------------------------------------------------------- (CUSIP Number) October 3, 2003 ---------------------------------------------------------- (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 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 the disclosures provided in a prior cover page. 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 (however, see the Notes). Page 1 of 8 pages =================== ======================= CUSIP NO. 866366107 13G PAGE 2 OF 8 PAGES ==============+================================================================= 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) JDS Capital, L.P. I.R.S. #: 13-4189233 - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware ================================================================================ 5 SOLE VOTING POWER NUMBER OF SHARES 0 ------- ---------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 11,250,000 (1) ------- ---------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ------- ---------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER 11,250,000 (1) ================================================================================ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,250,000 (1) - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 15.22% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN ============ =================================================================== (1) INCLUDES 7,500,000 SHARES OF COMMON STOCK ISSUABLE UPON THE CONVERSION OF 1,500 SHARES OF SERIES D CONVERTIBLE PREFERRED STOCK AND 3,750,000 SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF A FIVE-YEAR WARRANT. Page 2 of 8 pages =================== ======================= CUSIP NO. 866366107 13G PAGE 3 OF 8 PAGES ==============+================================================================= 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) JDS Capital Management, LLC I.R.S. #: 13-3918633 - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware ================================================================================ 5 SOLE VOTING POWER NUMBER OF SHARES 0 ------- ---------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 11,250,000 (1) ------- ---------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ------- ---------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER 11,250,000 (1) ================================================================================ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,250,000 (1) - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 15.22% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO ============ =================================================================== (1) INCLUDES 7,500,000 SHARES OF COMMON STOCK ISSUABLE UPON THE CONVERSION OF 1,500 SHARES OF SERIES D CONVERTIBLE PREFERRED STOCK AND 3,750,000 SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF A FIVE-YEAR WARRANT. Page 3 of 8 pages =================== ======================= CUSIP NO. 866366107 13G PAGE 4 OF 8 PAGES ==============+================================================================= 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Joseph D. Samberg - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America ================================================================================ 5 SOLE VOTING POWER NUMBER OF SHARES 0 ------- ---------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 11,250,000 (1) ------- ---------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ------- ---------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER 11,250,000 (1) ================================================================================ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,250,000 (1) - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 15.22% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN ============ =================================================================== (1) INCLUDES 7,500,000 SHARES OF COMMON STOCK ISSUABLE UPON THE CONVERSION OF 1,500 SHARES OF SERIES D CONVERTIBLE PREFERRED STOCK AND 3,750,000 SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF A FIVE-YEAR WARRANT. Page 4 of 8 pages INTRODUCTORY NOTE: This Statement on Schedule 13G is the initial filing on Schedule 13G by the reporting persons pursuant to Rule 13d-1(c) (the "Schedule 13G"). The Schedule 13G is filed by (i) JDS Capital, L.P., a Delaware limited partnership, (ii) JDS Capital Management, LLC, a Delaware limited liability company and the general partner of JDS Capital, L.P., and (iii) Joseph D. Samberg, the Managing Member of JDS Capital Management, LLC. Item 1(a). NAME OF ISSUER: Summus, Inc. (USA) Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 434 Fayetteville Street Suite 600 Raleigh, NC 27601 Item 2(a). NAME OF PERSON FILING: JDS Capital, L.P. JDS Capital Management, LLC Joseph D. Samberg Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of JDS Capital, L.P., JDS Capital Management, LLC and Joseph D. Samberg is: 780 Third Avenue 45th Floor New York, NY 10017 Item 2(c). CITIZENSHIP: JDS Capital, L.P. is a Delaware limited partnership; JDS Capital Management, LLC is a Delaware limited liability company, and Joseph D. Samberg is a citizen of the United States. Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.001 per share. Item 2(e). CUSIP NUMBER: 866366107 Page 5 of 8 pages 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). If this statement is filed pursuant to Rule 13d-1(c), check this box. [X] Item 4. OWNERSHIP Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 11,250,000 shares (includes 7,500,000 shares of Common Stock issuable upon the conversion of 1,500 shares of Series D Convertible Preferred Stock and 3,750,000 shares of Common Stock issuable upon the exercise of a five-year warrant). (b) Percent of class: 15.22% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 Page 6 of 8 pages (ii) shared power to vote or to direct the vote: 11,250,000 shares (includes 7,500,000 shares of Common Stock issuable upon the conversion of 1,500 shares of Series D Convertible Preferred Stock and 3,750,000 shares of Common Stock issuable upon the exercise of a five-year warrant). (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 11,250,000 shares (includes 7,500,000 shares of Common Stock issuable upon the conversion of 1,500 shares of Series D Convertible Preferred Stock and 3,750,000 shares of Common Stock issuable upon the exercise of a five-year warrant). 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 These securities are being filed as part of a group consisting of JDS Capital, L.P., JDS Capital Management, LLC and Joseph D. Samberg. These securities are owned directly by JDS Capital, L.P. These securities may be deemed to be owned indirectly by JDS Capital Management, LLC, as the general partner of JDS Capital, L.P., and by Joseph D. Samberg, as the managing member of JDS Capital Management, LLC. Item 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. Item 10. CERTIFICATION 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. Page 7 of 8 pages 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. Dated: October 10, 2003 JDS CAPITAL, L.P. BY: JDS CAPITAL MANAGEMENT, LLC By: /s/ Joseph D. Samberg -------------------------------- Name: Joseph D. Samberg Title: Managing Member JDS CAPITAL MANAGEMENT, LLC By: /s/ Joseph D. Samberg -------------------------------- Name: Joseph D. Samberg Title: Managing Member /s/ Joseph D. Samberg - ------------------------------------ Name: Joseph D. Samberg Page 8 of 8 pages -----END PRIVACY-ENHANCED MESSAGE-----