-----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, KFYY7BUpjF2ZNQ2laSxbLA5j/PNPWsj5K6SsQV0nCKSE9ztJcgWAwHWwJAAhi0OE ZaHGuQfYhPbDxPd8LIT91Q== 0001068238-01-000049.txt : 20010223 0001068238-01-000049.hdr.sgml : 20010223 ACCESSION NUMBER: 0001068238-01-000049 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLICKNSETTLE COM INC CENTRAL INDEX KEY: 0000925741 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-LEGAL SERVICES [8111] IRS NUMBER: 232753988 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-52381 FILM NUMBER: 1544721 BUSINESS ADDRESS: STREET 1: 1010 NORTHERN BLVD STREET 2: STE 336 CITY: GREAT NECK STATE: NY ZIP: 11021 BUSINESS PHONE: (516) 829-4343 MAIL ADDRESS: STREET 1: 1010 NORTHERN BLVD., SUITE 336 CITY: GREAT NECK STATE: NY ZIP: 11021 FORMER COMPANY: FORMER CONFORMED NAME: NAM CORP DATE OF NAME CHANGE: 19960802 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STEVENS JOSEPH & CO INC//NY CENTRAL INDEX KEY: 0000919038 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 113182400 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 33 MAIDEN LANE-8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10038 BUSINESS PHONE: 2123613000 MAIL ADDRESS: STREET 1: 33 MAIDEN LANE CITY: NEW YORK STATE: NY ZIP: 10038 SC 13G/A 1 0001.txt SCHEDULE 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 3)* clickNsettle.com, Inc. - ------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------- (Title of Class of Securities) 18682E 10 6 - ------------------------------------------------------------------- (CUSIP Number) 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. |X| Rule13d-1(b) | | Rule13d-1(c) |_| Rule13d-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). CUSIP NO. 18682E 10 6 13G/A Page 2 of 11 Pages - ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Joseph Stevens & Company, Inc. (successor to Joseph Stevens & Company, L.P.) - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 249,000 shares of Common Stock. See Item 4. SHARES BENEFICIALLY 6 SHARED VOTING POWER N/A OWNED BY 7 SOLE DISPOSITIVE POWER EACH 249,000 shares of Common Stock. See item 4. REPORTING PERSON WITH 8 SHARED DISPOSITIVE POWER N/A 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 249,000 shares of Common Stock. See Item 4. - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.5% of shares of Common Stock. See Item 4. - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* BD - ---------------------------------------------------------------------- CUSIP NO. 18682E 10 6 13G/A Page 3 of 11 Pages - ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Joseph Sorbara - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 249,000 shares of Common Stock. See Item 4. SHARES BENEFICIALLY 6 SHARED VOTING POWER N/A OWNED BY 7 SOLE DISPOSITIVE POWER EACH 249,000 shares of Common Stock. See item 4. REPORTING PERSON WITH 8 SHARED DISPOSITIVE POWER N/A 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 249,000 shares of Common Stock. See Item 4. - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES SHARES* |_| - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.5% of shares of Common Stock. See Item 4. - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ---------------------------------------------------------------------- CUSIP NO. 18682E 10 6 13G/A Page 4 of 11 Pages - ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Steven Markowitz - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 249,000 shares of Common Stock. See Item 4. SHARES BENEFICIALLY 6 SHARED VOTING POWER N/A OWNED BY 7 SOLE DISPOSITIVE POWER EACH 249,000 shares of Common Stock. See item 4. REPORTING PERSON WITH 8 SHARED DISPOSITIVE POWER N/A 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 249,000 shares of Common Stock. See Item 4. - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.5% of shares of Common Stock. See Item 4. - ---------------------------------------------------------------------- - ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ---------------------------------------------------------------------- CUSIP NO. 18682E 10 6 13G/A Page 5 of 11 Pages ITEM 1. (a) Name of Issuer: clickNsettle.com, Inc. (b) Address of Issuer's Principal Executive Offices: 1010 Northern Boulevard Suite 336 Great Neck, New York 11021 ITEM 2. (a) Name of Persons Filing: Joseph Stevens and Company, Inc. (successor to Joseph Stevens & Company, L.P.), Mr. Joseph Sorbara and Mr. Steven Markowitz (b) Address of Principal Business Office: The principal business address for each of Joseph Stevens & Company, Inc. and Messrs. Sorbara and Markowitz is: c/o Joseph Stevens & Company, Inc. 33 Maiden Lane New York, New York 10038 (c) Citizenship: Joseph Stevens & Company, Inc. is incorporated in the state of New York. Mr. Sorbara and Mr. Markowitz are United States citizens. (d) Title of Class of Securities: Common Stock, $.001 par value per share (the "Common Stock"). (e) CUSIP Number: 18682E 10 6 ITEM 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) |X| Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) |_| Insurance Company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) |_| Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) |_| An investment advisor in accordance with $240.13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with $240.13d-1(b)(1)(ii)(F); CUSIP NO. 18682E 10 6 13G/A Page 6 of 11 Pages (g) |_| A parent holding company or control person in accordance with $240.13d-1(b)(ii)(G); (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) |_| A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) |_| Group, in accordance with $240.13d-1(1)(ii)(J). ITEM 4. Ownership. (a) Amount Beneficially Owned: As of December 31, 2000, Joseph Stevens & Company, Inc. owned warrants ("JSC Warrants") to purchase 122,500 units, each unit ("Unit") consisting of one share of Common Stock and one redeemable common stock purchase warrant ("Redeemable Warrants"). Each Redeemable Warrant entitled the holder to purchase an additional share of Common Stock. The JSC Warrants were exercisable commencing on November 8, 1997. Additonally, Joseph Stevens & Company, Inc. held 4,000 Redeemable Warrants in its market making account on December 31, 2000. As of December 31, 2000, each Redeemable Warrant was immediately exercisable to purchase an additional share of Common Stock. Therefore, as of December 31, 2000, Joseph Stevens & Company, Inc. beneficially owned 249,000 shares of Common Stock within the meaning of Rule 13d-3 of the Act. Mr. Joseph Sorbara was a controlling shareholder, director and officer of Joseph Stevens & Company, Inc. as of December 31, 2000. Based upon the foregoing, as of December 31, 2000, Mr. Sorbara beneficially owned 249,000 shares of Common Stock within the meaning of Rule 13d-3 of the Act. Mr. Steven Markowitz was a controlling shareholder, director and officer of Joseph Stevens & Company, Inc. as of December 31, 2000. Based upon the foregoing, as of December 31, 2000, Mr. Markowitz beneficially owned 249,000 shares of Common Stock within the meaning of Rule 13d-3 of the Act. (b) Percent of Class: As of December 31, 2000, Joseph Stevens & Company, Inc., was the beneficial owner of an aggregate of 249,000 shares of Common Stock, which constituted approximately 5.5% of the shares of Common Stock outstanding (based upon 4,318,776 shares of Common Stock outstanding as reported in the Issuer's Form 10-QSB for the quarterly period ended September 30, 2000). As of December 31, 2000, Mr. Joseph Sorbara was the beneficial owner of an aggregate of 249,000 shares of Common Stock, which constituted approximately 5.5% of the shares of Common Stock outstanding (based upon 4,318,776 shares of Common Stock outstanding as reported in the Issuer's Form 10-QSB for the quarterly period ended September 30, 2000). As of December 31, 2000, Mr. Steven Markowitz was the beneficial owner of an aggregate of 249,000 shares of Common Stock, which constituted approximately 5.5% of the shares of Common Stock outstanding (based upon 4,318,776 shares of Common Stock outstanding as reported in the Issuer's Form 10-QSB for the quarterly period ended September 30, 2000). CUSIP NO. 18682E 10 6 13G/A Page 7 of 11 Pages (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: As of December 31, 2000, Joseph Stevens & Company, Inc. had sole power to vote or direct the vote of 249,000 shares of Common Stock. See Item 4(a) above. As of December 31, 2000, Joseph Sorbara had sole power to vote or direct the vote of 249,000 shares of Common Stock. See Item 4(a) above. As of December 31, 2000, Steven Markowitz had sole power to vote or direct the vote of 249,000 shares of Common Stock. See Item 4(a) above. (ii) Shared power to vote or direct the vote: Not applicable. (iii) Sole power to dispose or to direct the disposition of: As of December 31, 2000, Joseph Stevens & Company, Inc. had sole power to dispose or to direct the disposition of 249,000 shares of Common Stock. See Item 4(a) above. As of December 31, 2000, Joseph Sorbara had sole power to dispose or to direct the disposition of 249,000 shares of Common Stock. See Item 4(a) above. As of December 31, 2000, Steven Markowitz had sole power to dispose or to direct the disposition of 249,000 shares of Common Stock. See Item 4(a) above. (iv) Shared power to dispose or to direct the disposition of: Not applicable. ITEM 5. Ownership of Five Percent or Less of a Class. Not Applicable. 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. Not Applicable. ITEM 9. Notice of Dissolution of Group. Not Applicable. CUSIP NO. 18682E 10 6 13G/A Page 8 of 11 Pages ITEM 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. CUSIP NO. 18682E 10 6 13G/A Page 9 of 11 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. February 14, 2001 __________________________________ (Date) JOSEPH STEVENS & COMPANY, INC. /s/ Joseph Sorbara __________________________________ Joseph Sorbara Chief Executive Officer February 14, 2001 ___________________________________ (Date) /s/ Joseph Sorbara ___________________________________ (Signature) Joseph Sorbara ___________________________________ (Name) February 14, 2001 ___________________________________ (Date) /s/ Steven Markowitz ____________________________________ (Signature) Steven Markowitz ___________________________________ (Name) CUSIP NO. 18682E 10 6 13G/A Page 10 of 11 Pages EXHIBIT INDEX Sequentially Numbered Page on Which Exhibit Exhibit No. Title: Begins ____________________ _____________________ _________________________ 1. Joint Filing 11 Agreement pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended, among Joseph Stevens & Company, Inc., Mr. Joseph Sorbara and Mr. Steven Markowitz CUSIP NO. 18682E 10 6 13G/A Page 11 of 11 Pages EXHIBIT 1 Joint Filing Agreement pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended. Each of the undersigned hereby agrees to be included in the filing of the Schedule 13G dated February 14, 2001 with respect to the issued and outstanding Common Stock of ClickNsettle.com, Inc. beneficially owned by each of the undersigned, respectively. Dated: February 14, 2001 Joseph Stevens & Company, Inc. /s/Joseph Sorbara ______________________________ Joseph Sorbara Chief Executive Officer /s/ Joseph Sorbara _______________________________ Joseph Sorbara /s/ Steven Markowitz ________________________________ Steven Markowitz -----END PRIVACY-ENHANCED MESSAGE-----