-----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, OhEKqrURYUXCgKiwuN+5JXbCYxL9gmgx3PiOLxbHOxItUsyIhp+cUGeCkz1lNV6/ UDxOsZqJNTUuhPGinkRccw== 0000950147-02-001212.txt : 20020927 0000950147-02-001212.hdr.sgml : 20020927 20020927154804 ACCESSION NUMBER: 0000950147-02-001212 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020927 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BESTNET COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000799694 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 861006416 STATE OF INCORPORATION: NV FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-47986 FILM NUMBER: 02774791 BUSINESS ADDRESS: STREET 1: 5210 E WILLIAMS CIRCLE STREET 2: STE 200 CITY: TUCSON STATE: AR ZIP: 85711 BUSINESS PHONE: 5207509093 MAIL ADDRESS: STREET 1: 5210 E WILLIAMS CIRCLE CITY: TUCSON STATE: AZ ZIP: 85711 FORMER COMPANY: FORMER CONFORMED NAME: WAVETECH INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WAVETECH INTERNATIONAL INC DATE OF NAME CHANGE: 19980225 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SILVERMAN ANTHONY CENTRAL INDEX KEY: 0000904550 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 11811 N TATUM BLVD STE 4040 CITY: PHOENIX STATE: AZ ZIP: 85028 BUSINESS PHONE: 6029537980 MAIL ADDRESS: STREET 1: 11811 N TATUM BLVD STE 4040 CITY: PHOENIX STATE: AZ ZIP: 85028 SC 13D 1 e-9009.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ______)* BESTNET COMMUNICATIONS CORP (Name of Issuer) COMMON STOCK, $.001 PAR VALUE (Title of Class of Securities) 08659K107 (CUSIP number) Anthony Silverman 7305 E. Del Acero Drive Scottsdale, AZ 85258 (480) 657-7083 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 23, 2002 (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: [_] Note: Schedules filed in paper form 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). (Continued on the following pages) - --------------------- ------------------- CUSIP NO. 08659K107 SCHEDULE 13D Page 2 of 5 Pages - --------------------- ------------------- 1 NAMES OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Anthony Silverman -------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (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 CITZENSHIP OR PLACE OF ORGANIZATION United States of America -------------------------------------------------------------------------- 7 SOLE VOTING POWER 1,774,550 NUMBER OF --------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY None OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,774,550 PERSON --------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER None --------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,774,550 -------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] -------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.7%* -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------- - ---------- * Based on a total of 16,530,005 shares of Common Stock issued as stated in the Issuer's 10-QSB dated July 12, 2002 - --------------------- ------------------- CUSIP NO. 08659K107 SCHEDULE 13D Page 3 of 5 Pages - --------------------- ------------------- ITEM 1. SECURITY AND ISSUER This statement relates to the Common Stock, $.001 par value, (the "Common Stock"), of Bestnet Communications Corp, a Nevada corporation (the "Issuer"). The principal executive office of the Issuer is located at 5075 East Cascade Road, SE, Suite K, Grand Rapids, Michigan 49546. ITEM 2. IDENTITY AND BACKGROUND Anthony Silverman resides at 7305 E. Del Acero Drive, Scottsdale, AZ 85258. He is a private investor and financial consultant. He is a citizen of the United States. Mr. Silverman has not, during the past five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). He has not been, during the past five years, nor is he now 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 as a party to a civil proceeding of a judicial or administrative body of competent jurisdiction. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Over the past six months, Mr. Silverman purchased an aggregate 1,774,550 shares (including derivative securities) of the Common Stock of the Issuer in private placements of securities by the Issuer and in the open market, all with his own funds. ITEM 4. PURPOSE OF TRANSACTION Mr. Silverman acquired the Common Stock (including derivate securities in private placements and in the open market for general investment purposes. He has not yet determined if he will acquire additional shares of the Issuer. Mr. Silverman has no present plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer (b) an extraordinary corporate transaction such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries, (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries, (d) any change in the present board of directors or management of the Issuer, (e) any material change to the present capitalization or dividend policy of the Issuer, (f) any other material change in the Issuer's business or corporate structure, (g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person, (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted on an inter-dealer quotation system of a registered national securities association, (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended, or (j) any action similar to any of those enumerated above. - --------------------- ------------------- CUSIP NO. 08659K107 SCHEDULE 13D Page 4 of 5 Pages - --------------------- ------------------- ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The aggregate number and percentage of shares of Common Stock of the Issuer beneficially owned by the Reporting Person is as follows: Aggregate Number Percentage Beneficial Owner of Shares Owned of Class - ---------------- --------------- -------- Anthony Silverman 1,774,550* 10.7%* - ---------- * Based on a total of 16,530,005 shares of Common Stock issued as stated in the Issuer's 10-QSB dated July 12, 2002. (b) The number of shares of Common Stock as to which there is sole power to direct the vote, shares power to vote or to direct the vote, sole power to dispose or direct the disposition, or shared power to dispose or direct the disposition for the Reporting Person is set forth on the cover pages. (c) There have been no reportable transactions with respect to the Common Stock of the Issuer within the last 60 days by the Reporting Person except for the acquisition of beneficial ownership of the securities being reported on this Schedule 13D, as follows: (i) Acquired in a private placement on April 23, 2002, a $400,000 promissory note of the Issuer that was convertible into the Issuer's Common Stock at $0.40 per share. In the same transaction also acquitted a five-year warrant for the purchase of 500,000 shares at an exercise price of $0.50 per share. (ii) On May 23, 2002, the aforesaid note was converted into 1,000,000 shares of Common Stock. (iii) On July 26, 2002, acquired 10,000 shares in the open market at a price of $1.04 per share. July 26, 2002, acquired 10,000 shares in the open market at a price of $1.04 per share. (iv) On August 29, 2002, acquired 264,550 shares from the Issuer in a private placement at a price of $0.945 per share. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Mr. Silverman is engaged as a financial consultant to the Issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Not applicable. - --------------------- ------------------- CUSIP NO. 08659K107 SCHEDULE 13D Page 5 of 5 Pages - --------------------- ------------------- SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. September 27, 2002 ---------------------------------------- (Date) By: /s/ Anthony Silverman ------------------------------------ Anthony Silverman ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (see 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----