-----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, OEstfKficoLcigZQnZ79I6XcVXrVp8ElGMrRPK179T8o/YckKMzXTdNJjqQS7z1G +KBLETUiGG+rxqjV/tAn9g== 0001042480-97-000001.txt : 19970804 0001042480-97-000001.hdr.sgml : 19970804 ACCESSION NUMBER: 0001042480-97-000001 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970801 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL ABSORBENTS INC CENTRAL INDEX KEY: 0000813634 STANDARD INDUSTRIAL CLASSIFICATION: CONVERTED PAPER & PAPERBOARD PRODS (NO CONTAINERS/BOXES) [2670] IRS NUMBER: 000000000 FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-51343 FILM NUMBER: 97650148 BUSINESS ADDRESS: STREET 1: 410 1055 W HASTINGS ST CITY: VANCOUVER BC CANADA STATE: A1 BUSINESS PHONE: 6046816181 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONEY FINANCIAL SERVICES CENTRAL INDEX KEY: 0001042480 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 113322117 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1491 CONEY ISLAND AVE CITY: BROOKLYN STATE: NY ZIP: 11230 BUSINESS PHONE: 2125868224 MAIL ADDRESS: STREET 1: 1491 CONEY ISLAND AVE CITY: BROOKLYN STATE: NY ZIP: 11230 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No.: * Name of Issuer: International Absorbents Inc. Title of Class of Securities: Common Stock CUSIP Number: 45885E104 (Name, Address and Telephone Number of Person Authorized To Receive Notices and Communications) Leon Moses, c/o Coney Financial Services 1491 Coney Island Avenue Brooklyn, NY 11230; 212-586-8224 (Date of Event which Requires Filing of this Statement) May 15, 1997 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(b)(3) or (4), check the following box / /. Check the following line if a fee is being paid with this statement. / / (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of class.) (See Rule 13d-7). *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). CUSIP No.: 45885E104 1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Coney Financial Services 2. Check the Appropriate Box if a Member of a Group a. b. x 3. SEC Use Only 4. Source of Funds WC 5. Check 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 Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power: 1,200,000 8. Shared Voting Power: 0 9. Sole Dispositive Power: 1,200,000 10. Shared Dispositive Power: 0 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,200,000 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares / / 13. Percent of Class Represented by Amount in Row (11) 7.4% 14. Type of Reporting Person PN The purpose of this Schedule 13D is to report the ownership of Coney Financial Services in the common stock (the "Shares") of International Absorbents Inc. (the "Issuer") of more than 5% of the Shares outstanding. Item 1. Security and Issuer Class and Title of Security: Common Stock The name and address of the principal executive and business office of the Issuer is: International Absorbents Inc. Suite 410 Guiness Tower 1055 West Hastings Street Vancouver B.C. V6E 2E9 Item 2. Identity and Background This statement is being filed on behalf of Coney Financial Services (the "Reporting Person"). The Reporting Person is a partnership organized under the laws of New York for the purpose of investing in real estate and securities. The general partners of the Reporting Person are Leon Moses, David Malek and Peter Rebenwurtzel. The principal business address of the Reporting Person is 1491 Coney Island Avenue, Brooklyn, New York 11230. The Reporting Person and its general partners have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). The Reporting Person and its general partners have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which 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 violations with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration As of the date hereof, the Reporting Person is deemed to beneficially own 1,530,000 Shares. All of the Shares were acquired or may be acquired through the conversion of convertible debenture securities of the Issuer held by the Reporting Person. The debentures were purchased for an aggregate purchase price of $375,000.00. No funds were borrowed to purchase any of the Shares. Item 4. Purpose of Transactions The Shares deemed to be beneficially owned by the Reporting Person were acquired for, and are being held for, investment purposes. The Reporting Person has no plan or proposal that relates to, or would result in, any of the actions enumerated in Item 4 of the instructions to Schedule 13D. Item 5. Interest in Securities of Issuer As of the date hereof, the Reporting Person is deemed to be the beneficial owner of 1,200,000 Shares. Based on coversations with the Issuer and the Issuer's pending filing on Form 10-K in August, 1997, as of July 25, 1997 there were 15,028,373 Shares outstanding. Therefore, the Reporting Person is deemed to beneficially own 7.4% of the outstanding Shares. The Reporting Person has the power to vote, direct the vote, dispose of or direct the disposition of all the Shares that he is deemed to beneficially own. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer The Reporting Person has no contract, arrangement, understanding or relationship with any person with respect to the Shares. Signature The undersigned, after reasonable inquiry and to the best of his knowledge and belief, certify that the information set forth in this statement is true, complete and correct. /s/Leon Moses __________________ Leon Moses -----END PRIVACY-ENHANCED MESSAGE-----