EDGE TECHNOLOGY GROUP INC
SC 13D/A, 2000-12-26
MEMBERSHIP SPORTS & RECREATION CLUBS
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<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 5)*

                           EDGE TECHNOLOGY GROUP, INC.
                                (Name of Issuer)


                     Common Stock, par value $.01 per share
                         (Title of Class of Securities)
===============================================================================

                                   928430 10 7
                                 (CUSIP Number)

===============================================================================

                              J. Keith Benedict, Esq.
                                HW Capital, L.P.
                           1601 Elm Street, Suite 4000
                               Dallas, Texas 75201
                                 (214) 720-1600
===============================================================================

                  (Name, Address and Telephone Number of Person
                 Authorized to Receive Notices and Communications)

                                December 14, 2000
===============================================================================
                      (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 the 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 format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for the
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 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>

<TABLE>

CUSIP NUMBER 928430 10 7                                13D/A                                          Page 2 of 18

<S>      <C>                                                                                                <C>
(1)      Name of Reporting Persons                                    Infinity Emerging Holdings Subsidiary limited
         I.R.S. Identification
         Nos. of Above Persons (entities only)                                                                  N/A

(2)      Check the Appropriate Box if a                                                                     (a) / /
         Member of a Group*                                                                                 (b) /X/

(3)      SEC Use Only

(4)      Source of Funds (see instructions)                                                                      WC

(5)      Check if Disclosure of Legal                                                                           / /
         Proceedings is Required Pursuant
         to Items 2(d) or 2(e)

(6)      Citizenship or Place of Organization                                                    Nevis, West Indies

         Number of Shares                   (7)      Sole Voting                                                  0
                                                     Power
            Beneficially
                                            (8)      Shared Voting                                           10,104
          Owned by Each                              Power

         Reporting Person                   (9)      Sole Dispositive                                             0
                                                     Power
               with:
                                            (10)     Shared Dispositive                                      10,104
                                                     Power

(11)     Aggregate Amount Beneficially Owned                                                                 10,104
         by Each Reporting Person

(12)     Check if the Aggregate Amount in                                                                       / /
         Row (11) Excludes Certain Shares (see instructions)

(13)     Percent of Class Represented by                                                                        .1%
         Amount in Row (11)

(14)     Type of Reporting Person (see instructions)                                                             CO




<PAGE>
CUSIP NUMBER 928430 10 7                                13D/A                                          Page 3 of 18


(1)      Name of Reporting Persons                                                          Glacier Capital Limited
         I.R.S. Identification
         Nos. of Above Persons (entities only)                                                                  N/A

(2)      Check the Appropriate Box if a                                                                     (a) / /
         Member of a Group*                                                                                 (b) /X/

(3)      SEC Use Only

(4)      Source of Funds (see instructions)                                                                      WC

(5)      Check if Disclosure of Legal                                                                           / /
         Proceedings is Required Pursuant
         to Items 2(d) or 2(e)

(6)      Citizenship or Place of Organization                                                    Nevis, West Indies

         Number of Shares                   (7)      Sole Voting                                                  0
                                                     Power
            Beneficially
                                            (8)      Shared Voting                                        1,141,279
          Owned by Each                              Power

         Reporting Person                   (9)      Sole Dispositive                                             0
                                                     Power
               with:
                                            (10)     Shared Dispositive                                   1,141,279
                                                     Power

(11)     Aggregate Amount Beneficially Owned                                                              1,141,279
         by Each Reporting Person

(12)     Check if the Aggregate Amount in                                                                       / /
         Row (11) Excludes Certain Shares (see instructions)

(13)     Percent of Class Represented by                                                                       7.1%
         Amount in Row (11)

(14)     Type of Reporting Person (see instructions)                                                             CO



<PAGE>
CUSIP NUMBER 928430 10 7                                13D/A                                          Page 4 of 18


(1)      Name of Reporting Persons                                                           Summit Capital Limited
         I.R.S. Identification
         Nos. of Above Persons (entities only)                                                                  N/A

(2)      Check the Appropriate Box if a                                                                     (a) / /
         Member of a Group*                                                                                 (b) /X/

(3)      SEC Use Only

(4)      Source of Funds (see instructions)                                                                      WC

(5)      Check if Disclosure of Legal                                                                           / /
         Proceedings is Required Pursuant
         to Items 2(d) or 2(e)

(6)      Citizenship or Place of Organization                                                    Nevis, West Indies

         Number of Shares                   (7)      Sole Voting                                                  0
                                                     Power
            Beneficially
                                            (8)      Shared Voting                                        1,141,279
          Owned by Each                              Power

         Reporting Person                   (9)      Sole Dispositive                                             0
                                                     Power
               with:
                                            (10)     Shared Dispositive                                   1,141,279
                                                     Power

(11)     Aggregate Amount Beneficially Owned                                                              1,141,279
         by Each Reporting Person

(12)     Check if the Aggregate Amount in                                                                       / /
         Row (11) Excludes Certain Shares (see instructions)

(13)     Percent of Class Represented by                                                                       7.1%
         Amount in Row (11)

(14)     Type of Reporting Person (see instructions)                                                             CO

<PAGE>
CUSIP NUMBER 928430 10 7                                13D/A                                          Page 5 of 18


(1)      Name of Reporting Persons                                                  PurchasePooling Investment Fund
         I.R.S. Identification
         Nos. of Above Persons (entities only)

(2)      Check the Appropriate Box if a                                                                     (a) / /
         Member of a Group*                                                                                 (b) /X/

(3)      SEC Use Only

(4)      Source of Funds (see instructions)                                                                  WC, OO

(5)      Check if Disclosure of Legal                                                                           / /
         Proceedings is Required Pursuant
         to Items 2(d) or 2(e)

(6)      Citizenship or Place of Organization                                                                 Texas

         Number of Shares                   (7)      Sole Voting                                                  0
                                                     Power
            Beneficially
                                            (8)      Shared Voting                                        2,644,841
          Owned by Each                              Power

         Reporting Person                   (9)      Sole Dispositive                                             0
                                                     Power
               with:
                                            (10)     Shared Dispositive                                   2,644,841
                                                     Power

(11)     Aggregate Amount Beneficially Owned                                                              2,644,841
         by Each Reporting Person

(12)     Check if the Aggregate Amount in                                                                       / /
         Row (11) Excludes Certain Shares (see instructions)

(13)     Percent of Class Represented by                                                                      16.5%
         Amount in Row (11)

(14)     Type of Reporting Person (see instructions)                                                             PN



<PAGE>
CUSIP NUMBER 928430 10 7                                13D/A                                          Page 6 of 18


(1)      Name of Reporting Persons.                                                      Catalyst Master Fund, L.P.

         I.R.S. Identification
         Nos. of Above Persons (entities only)                                                                  N/A

(2)      Check the Appropriate Box if a                                                                     (a) / /
         Member of a Group (see instructions)                                                               (b) /X/

(3)      SEC Use Only

(4)      Source of Funds (see instructions)                                                                      WC

(5)      Check if Disclosure of Legal                                                                           / /
         Proceedings is Required Pursuant
         to Items 2(d) or 2(e)

(6)      Citizenship or Place of Organization                                                        Cayman Islands

         Number of Shares                   (7)      Sole Voting                                                  0
                                                     Power
         Beneficially
                                            (8)      Shared Voting                                                0
         Owned by Each                               Power

         Reporting Person                   (9)      Sole Dispositive                                             0
                                                     Power
         with:
                                            (10)     Shared Dispositive                                           0
                                                     Power

(11)     Aggregate Amount Beneficially Owned                                                                413,334
         by Each Reporting Person

(12)     Check if the Aggregate Amount in                                                                       / /
         Row (11) Excludes Certain Shares (see instructions)

(13)     Percent of Class Represented by                                                                       2.5%
         Amount in Row (11)

(14)     Type of Reporting Person (see instructions)                                                             PN

</TABLE>
<PAGE>
CUSIP NUMBER 928430 10 7            13D/A                           Page 7 of 18


         This Schedule 13D/A Amendment No. 5 hereby amends the Schedule 13D, as
amended, filed jointly by Infinity Investors Limited ("Infinity"), IEO Holdings
Limited ("IEO"), Glacier Capital Limited ("Glacier") and Summit Capital Limited
("Summit") with respect to the securities of Edge Technology Group, Inc., a
Delaware corporation formerly known as Visual Edge Systems, Inc. ("Issuer") by
reflecting the addition of Catalyst Master Fund, L.P. as a reporting person. As
noted in Amendment No. 4 to this Schedule, Infinity sold all of its securities
of the Issuer as of November 3, 2000 and ceased being a reporting person as of
such date. Therefore, all references to Infinity in this Schedule 13D as amended
are deemed to be deleted. Defined terms used but not defined herein shall have
the meaning as previously set forth in Schedule 13D.

ITEM 1.  SECURITY AND ISSUER.

    Not amended.

ITEM 2.  IDENTITY AND BACKGROUND.

    (a)  Pursuant to Rule 13d-1(a) of Regulation 13D of the General Rules and
         Regulations Promulgated under the Securities Exchange Act of 1934,
         as amended (the "Act"), this statement is being filed by Infinity
         Emerging Holdings Subsidiary Limited ("IEHSL"), Glacier Capital
         Limited, Summit Capital Limited and PurchasePooling Investment Fund
         ("PurchasePooling Fund") and Catalyst Master Fund, L.P. ("Catalyst")
         (collectively, the "Reporting Persons"). Additionally, pursuant to
         Instruction C to Schedule 13D, information is included herein with
         respect to the following persons (collectively, the "Controlling
         Persons"): Infinity Emerging Opportunities Limited ("Emerging"),
         Infinity Emerging Subsidiary Limited ("IESL"), IEO Investments
         Limited ("IEO Investments"), Hunt Asset Management, L.L.C. ("HAM"),
         Lion Capital Partners, L.P. ("Lion"), Mountain Capital Management,
         L.L.C. ("Mountain"), Sandera Partners, L.P. ("Sandera"), Sandera
         Capital Management, L.P. ("SCM"), Sandera Capital, L.L.C. ("Sandera
         Capital"), Randall Fojtasek ("Fojtasek"), Clark K. Hunt ("Hunt"),
         Barrett Wissman ("Wissman"), Infinity Emerging Subsidiary Limited
         ("IESL"), Catalyst GP, Ltd. ("Catalyst GP"), Catalyst Asset
         Management Limited ("Catalyst Asset"), Hunt Financial Ventures, L.P.
         ("HFV"), Jon Bren ("Bren"), Aquitaine Holdings, LLC ("Aquitaine"),
         Mark Graham ("Graham") and Peerless International, Limited
         ("Peerless"). The Reporting Persons and the Controlling Persons are
         sometimes hereinafter collectively referred to as the "Item 2
         Persons." The Reporting Persons have included as Exhibit A an
         agreement in writing that this statement is filed on behalf of each
         of them.

    (b) and (c)       REPORTING PERSONS

         Glacier, Summit and IEHSL are Nevis, West Indies Corporations and their
         principal address, which also serves as their principal office, is
         Hunkins Waterfront Plaza, Main Street, P.O. Box 556, Charlestown,
         Nevis, West Indies.

<PAGE>
CUSIP NUMBER 928430 10 7            13D/A                           Page 8 of 18


         PurchasePooling Fund is a Texas joint venture, and its principal
         address, which also serves as its principal office, is 1601 Elm Street,
         Suite 4000, Dallas, Texas 75201.

         Catalyst is a Cayman Islands exempted limited partnership and its
         principal address, which also serves as its principal office, is c/o
         Trident Trust Company (Cayman) Limited, One Capital Place, P.O. Box
         847, Grand Cayman, Cayman Islands.

         The principal business of each Reporting Person is the purchase, sale,
         exchange, acquisition and holding of investment securities.

         The names, business addresses, principal occupations or employments and
         citizenships of each officer and director of IEHSL, Glacier and
         Summit are set forth on attached Schedule A, which is incorporated
         herein by reference.

         CONTROLLING PERSONS

         Pursuant to Instruction C to Schedule 13D of the Act, information with
         respect to the Controlling Persons is set forth below. The principal
         address of each Controlling Person, which also serves as such
         person's principal office, is 1601 Elm Street, Suite 4000, Dallas,
         Texas 75201.

         IEHSL:

         IEHSL is owned by IESL and IEO Investments.

         IESL is a Nevis, West Indies corporation, the principal business of
         which is the purchase, sale, exchange, acquisition and holding of
         investment securities. IESL is a wholly-owned subsidiary of Emerging.

         IEO Investments is a Nevis, West Indies corporation, the principal
         business of which is the purchase, sale, exchange, acquisition and
         holding of investment securities. IEO Investments is a wholly-owned
         subsidiary of HAM.

         HW Capital is a Texas limited partnership, the principal business of
         which is acting as advisor to IEHSL, Glacier and Summit and activities
         related thereto.

         HW Capital LLC is a Texas limited liability company, the principal
         business of which is serving as the general partner of HW Capital and
         activities related thereto. Hunt and Wissman are the managers of HW
         Capital LLC. The principal occupation of Hunt and Wissman is
         financial management.

         GLACIER:

         Glacier is 100% owned by Lion. The directors of Glacier are James A.
         Loughran and Cofides S.A.

<PAGE>
CUSIP NUMBER 928430 10 7            13D/A                           Page 9 of 18


         Lion is a Texas limited partnership, the principal business of which
         is the purchase, sale, exchange, acquisition and holding of investment
         securities.

         Mountain is a Texas limited liability company, the principal business
         of which is serving as the general partner of Lion and activities
         related thereto. Hunt, Wissman and Fojtasek are the Managers of
         Mountain. The principal occupation of Hunt, Wissman and Fojtasek is
         financial management.

         HW Capital is a Texas limited partnership, the principal business of
         which is acting as an advisor to IEO, Glacier and Summit and activities
         related thereto.

         HW Capital LLC is a Texas limited liability company, the principal
         business of which is serving as the general partner of HW Capital and
         activities related thereto. Hunt and Wissman are the managers of HW
         Capital LLC. The principal occupation of Hunt and Wissman is
         financial management.

         SUMMIT:

         Summit is 100% owned by Sandera. The directors of Summit Capital
         Limited are Cofides S.A. and James A. Loughran.

         Sandera is a Texas limited partnership, the principal business of
         which is the purchase, sale, exchange, acquisition and holding of
         investment securities.

         SCM is a Texas limited partnership, the principal business of which
         is serving as the general partner of Sandera and activities related
         thereto.

         Sandera Capital is a Texas limited liability company, the principal
         business of which is servicing as the general partner of SCM and
         activities related thereto. Hunt and Wissman are the managers and
         principal officers of Sandera Capital. The principal occupation of
         Hunt and Wissman is financial management.

         HW Capital owns 100% of Sandera Capital. HW Capital is a Texas limited
         partnership, the principal business of which is acting as an advisor
         to IEO, Glacier and Summit and activities related thereto.

         HW Capital LLC is a Texas limited liability company, the principal
         business of which is serving as the general partner of HW Capital and
         activities related thereto. Hunt and Wissman are the Managers of HW
         Capital LLC.

         PURCHASEPOOLING FUND:

         The partners of PurchasePooling Fund are IEHSL, Catalyst and Peerless.
         HW Capital is the manager of PurchasePooling Fund. Peerless is an
         offshore entity.

         CATALYST MASTER FUND, L.P.:

<PAGE>
CUSIP NUMBER 928430 10 7            13D/A                          Page 10 of 18


         The general partner of Catalyst is Catalyst GP, Ltd., a Cayman Islands
         exempted company with limited liability owned HFV and Aquitaine.
         Catalyst Asset Management Limited, a Nevis, West Indies corporation
         owned HFV and Aquitaine, is the investment manager of Catalyst. HFV
         is controlled and managed by Hunt and Bren. Aquitaine is controlled
         and managed by Graham. The principal occupation of Bren, Graham and
         Hunt is financial management.

    (d) and (e)      During the last five (5) years, no Item 2 Person has been
         convicted in any criminal proceeding (excluding traffic violations or
         similar misdemeanors) and no Item 2 Person was a party to a civil
         proceeding of a judicial or administrative body of competent
         jurisdiction such that, as a result of such proceeding, any Item 2
         Person was or is subject to a judgment, decree of 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.

    (f)  Bren, Fojtasek, Graham, Hunt and Wissman are citizens of the United
         States.

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

    Item 3 is hereby amended to add the following immediately preceding the
last paragraph of Item 3, as amend to date:

    On December 14, 2000, Catalyst loaned $620,000 to the Issuer and the
Issuer issued to Catalyst its convertible promissory note, dated December 14,
2000, in the original principal amount of $620,000 (the "Catalyst Note"). The
Catalyst Note bears interest at the rate of 8% per annum and matures on June
30, 2001. All or any portion of the principal balance of Catalyst Note is
convertible, at the option of the holder and at any time, into Common Stock
at an initial conversion price of $1.50 per share.

ITEM 4.  PURPOSE OF TRANSACTION.

     Not amended.

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.

     Item 5 is hereby amended and restated in its entirety to read as follows:

     (a)      Set forth below are the aggregate number of shares and percentage
              of Common Stock beneficially owned by the Reporting Persons on
              December 14, 2000 after giving effect to Catalyst's acquisition
              of the convertible note as described in Item 5(c) below.

<PAGE>
CUSIP NUMBER 928430 10 7            13D/A                          Page 11 of 18


<TABLE>
<CAPTION>
                                                                                            PurchasePooling
      Catalyst               IEHSL                Glacier                Summit                  Fund
------------------- --------------------- ---------------------- ---------------------- -------------------------
  Shares        %       Shares       %        Shares        %       Shares        %        Shares         %
----------- ------- ------------- ------- ------------- -------- ------------- -------- ------------- -----------
<S>           <C>       <C>         <C>     <C>            <C>     <C>           <C>      <C>           <C>
  413,334     2.5%      10,104      .1%     1,141,279      7.1%    1,141,279     7.1%     2,644,841     16.5%

</TABLE>


                  CONTROLLING PERSONS

                  Each of HW Capital, as advisor to each of IEHSL, Summit,
                  Glacier and PurchasePooling Fund, and HW Capital LLC, as the
                  general partner of HW Capital, may be deemed to be beneficial
                  owners of the Securities beneficially owned by each of IEHSL
                  (the "IEHSL Securities"), Summit (the "Summit Securities"),
                  Glacier (the "Glacier Securities") and PurchasePooling Fund
                  ("PurchasePooling Securities") pursuant to Rule 13d-3 of the
                  Act.

                  In their capacity as controlling persons of HW Capital LLC,
                  Hunt and Wissman may be deemed to be beneficial owners of the
                  IEHSL Securities, the Glacier Securities, the Summit
                  Securities and the PurchasePooling Securities pursuant to Rule
                  13d-3 of the Act.

                  IESL and IEO Investments, as the only shareholders of IEHSL,
                  may be deemed to be the beneficial owners of the IEHSL
                  Securities pursuant to Rule 13d-3 of the Act. Emerging, as the
                  sole shareholder of IESL, and HAM, as the sole shareholder of
                  IEO Investments, may be deemed to be beneficial owners of the
                  IEHSL Securities pursuant to Rule 13d-3 of the Act.

                  Each of Lion, as the sole shareholder of Glacier, Mountain, as
                  the general partner of Lion, and Hunt, Wissman and Fojtasek,
                  as the managers of Mountain, may be deemed to be beneficial
                  owners of the Glacier Securities pursuant to Rule 13d-3 of the
                  Act.

                  Each of Sandera, as the sole shareholder of Summit, SCM, as
                  the general partner of Sandera, Sandera Capital, as the
                  general partner of SCM, Hunt and Wissman, as the managers
                  (and, as applicable, the executive officers) of Sandera
                  Capital, and HW Capital, as the 100% owner of Sandera Capital,
                  may be deemed to be beneficial owners of the Summit Securities
                  pursuant to Rule 13d-3 of the Act.

                  Each of Catalyst, IEHSL and Peerless, as the general partners
                  of PurchasePooling Fund, and HW Capital, as the sole and
                  exclusive manager of PurchasePooling Fund, may be deemed to be
                  the beneficial owners of the Catalyst Securities pursuant to
                  Rule 13d-3 of the Act.

                  Catalyst GP, as the sole general partner of Catalyst, Catalyst
                  Asset, as the sole and exclusive manager of Catalyst, and
                  Hunt, Graham and Bren, as the directors of Catalyst GP and
                  Catalyst Asset, may be deemed to be beneficial owners of the
                  Securities beneficially owned by Catalyst pursuant to Rule
                  13d-3 of the Act.
<PAGE>

CUSIP NUMBER 928430 10 7                13D/A                      Page 12 of 18


         (b)      REPORTING PERSONS

                  IEHSL shares the power to vote or to direct the vote and to
                  dispose or to direct the disposition of the IEHSL Securities
                  with its advisor, HW Capital.

                  Glacier shares the power to vote or to direct the vote and to
                  dispose or to direct the disposition of the Glacier Securities
                  with its advisor, HW Capital.

                  Summit shares the power to vote or to direct the vote and to
                  dispose or to direct the disposition of the Summit Securities
                  with its advisor, HW Capital.

                  PurchasePooling Fund shares the power to vote or to direct the
                  vote and to dispose or to direct the disposition of the
                  PurchasePooling Securities with its manager, HW Capital.

                  CONTROLLING PERSONS

                  Acting through its sole general partner HW Capital LLC, HW
                  Capital shares the power to vote or to direct the vote and to
                  dispose or to direct the disposition of the IEHSL Securities,
                  the Summit Securities, the Glacier Securities and the
                  PurchasePooling Securities.

                  In their capacities as controlling persons of HW Capital LLC,
                  Hunt and Wissman share the power to vote or to direct the vote
                  and to dispose or to direct the disposition of the IEHSL
                  Securities, the Summit Securities, the Glacier Securities and
                  the PurchasePooling Securities.

                  Each of IESL and IEO Investments, as the only shareholders of
                  IEHSL, HAM, as the sole shareholder of IEO Investments, and
                  Emerging, as the sole shareholder of IESL, shares the power to
                  vote or direct the vote and to dispose or to direct the
                  disposition of the IEHSL Securities.

                  Each of Lion, as the sole shareholder of Glacier, Mountain, as
                  the general partner of Lion, and Hunt, Wissman and Fojtasek,
                  as the managers of Mountain, shares the power to vote or to
                  limit the vote and to dispose or to direct the disposition of
                  the Glacier Securities.

                  Each of Sandera, as the sole shareholder of Summit, SCM, as
                  the general partner of Sandera, Sandera Capital, as the
                  general partner of SCM, Hunt and Wissman, as the managers
                  (and, as applicable, the executive officers) of Sandera
                  Capital, and HW Capital, as the 100% owner of Sandera Capital,
                  shares the power to vote or to limit the vote and to dispose
                  or to direct the disposition of the Summit Securities.

                  Each of Catalyst, IEHSL and Peerless, as the general partners
                  of PurchasePooling Fund, Catalyst Capital, the exclusive
                  investment manager of Catalyst, HFV and Aquitaine Holding,
                  LLC., the owners of Catalyst Capital, Hunt and Bren, the

<PAGE>

CUSIP NUMBER 928430 10 7                13D/A                      Page 13 of 18


                  managers of HFV and Graham, the manager of Aquitaine, share
                  the power to vote or to limit the vote and to dispose or to
                  direct the disposition of the PurchasePooling Securities.

         (c)      On December 14, 2000, Catalyst loaned $620,000 to the Issuer
                  and the Issuer issued to Catalyst its convertible promissory
                  note, dated December 14, 2000, in the original principal
                  amount of $620,000 (the "Catalyst Note"). The Catalyst Note
                  bears interest at the rate of 8% per annum and matures on June
                  30, 2001. All or any portion of the principal balance of
                  Catalyst Note is convertible, at the option of the holder and
                  at any time, into Common Stock at an initial conversion price
                  of $1.50 per share. The Catalyst Note is secured by a Security
                  agreement, dated as of December 14, 2000, among the Company
                  and Catalyst. The foregoing response is qualified in its
                  entirety by reference to the Catalyst Note and the Security
                  Agreement, copies of which are filed as Exhibits 99.15 and
                  99.16, respectively, and incorporated into this response by
                  reference.

         (d)      Not applicable.

         (e)      IEO ceased to be the beneficial owner of more than five
                  percent of the Common Stock as of May 1, 1999.

                  Infinity ceased to be a beneficial owner of more than five
                  percent of the Common Stock as of October 23, 2000.

ITEM 6.           CONTRACTS, ARRANGEMENTS, OR UNDERSTANDINGS OR RELATIONSHIPS
                  WITH RESPECT TO SECURITIES OF THE ISSUER.

                  Item 6 is hereby amended to add the following at the end
                  thereof:

                  On December 14, 2000, Catalyst loaned $620,000 to the Issuer
                  and the Issuer issued to Catalyst its convertible promissory
                  note, dated December 14, 2000, in the original principal
                  amount of $620,000 (the "Catalyst Note"). The Catalyst Note
                  bears interest at the rate of 8% per annum and matures on
                  June 30, 2001. All or any portion of the principal balance
                  of Catalyst Note is convertible, at the option of the holder
                  and at any time, into Common Stock at an initial conversion
                  price of $1.50 per share. The Catalyst Note is secured by a
                  Security agreement, dated as of December 14, 2000, among the
                  Company and Catalyst. The foregoing response is qualified in
                  its entirety by reference to the Catalyst Note and the
                  Security Agreement, copies of which are filed as Exhibits
                  99.15 and 99.16, respectively, and incorporated into this
                  response by reference.

ITEM 7.           MATERIAL TO BE FILED AS EXHIBITS.


<TABLE>
<CAPTION>

EXHIBIT NO.       TITLE OF EXHIBIT
-----------       ----------------
<S>               <C>
A                 Agreement regarding filing of Schedule 13D.

99.15             Convertible Note, dated as of December 14, 2000, of Edge
                  Technology Group, Inc. in the original principal amount of
                  $620,000.  (Filed herewith)

<PAGE>

CUSIP NUMBER 928430 10 7                13D/A                      Page 14 of 18


99.16             Security Agreement, dated as of December 14, 2000, between
                  among Edge Technology Group, Inc. and Catalyst Master Fund,
                  L.P. (Filed herewith)

</TABLE>

                            (SIGNATURE PAGE FOLLOWS)


<PAGE>

CUSIP NUMBER 928430 10 7                13D/A                      Page 15 of 18


         After reasonable inquiry, and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this Statement
is true, complete and correct.

Date:  December 22, 2000.

                           INFINITY EMERGING HOLDINGS SUBSIDIARY
                           LIMITED
                           By:   Dungate Limited, its Director


                                 By:  /s/ James E. Martin
                                      ------------------------------------------
                                      James E. Martin, Director


                           GLACIER CAPITAL LIMITED


                           By:   /s/ James A. Loughran
                                 -----------------------------------------------
                                 James A. Loughran, Director


                           SUMMIT CAPITAL LIMITED


                           By:   /s/ James A. Loughran
                                 -----------------------------------------------
                                 James A. Loughran, Director


                           PURCHASEPOOLING INVESTMENT FUND
                           By:   HW Capital, L.P., its manager
                                 By:  HW Capital, L.L.C., its general partner


                                      By:   /s/ J. Keith Benedict
                                            ------------------------------------
                                            J. Keith Benedict, Vice President


                           CATALYST MASTER FUND, L.P.
                           By:  Catalyst GP Ltd., its general partner


                                By:  /s/ J. Keith Benedict
                                     -------------------------------------------
                                     J. Keith Benedict, Vice President




      Attention: Intentional misstatements or omissions of fact constitute
              Federal criminal violations (See 18 U.S.C.ss. 1001).



<PAGE>

CUSIP NUMBER 928430 10 7                13D/A                      Page 16 of 18


                                   SCHEDULE A



         Set forth below is the name, citizenship (or place of organization, as
applicable), business address and present principal occupation or employment of
each director and executive officer of Infinity Emerging Holdings Subsidiary
Limited.


<TABLE>
<CAPTION>

     Name and Citizenship                                         Present Principal                Position
              or                                                    Occupation or                    with
    Place of Organization                Business                    Employment                Reporting Person
    ---------------------                --------                    ----------                ----------------
    <S>                           <C>                            <C>                           <C>
       Dungate Limited              38 Hertford Street           Financial Services                Director
     (Nevis, West Indies)         London, England W1Y 7TG

         SECORP Ltd.                38 Hertford Street           Financial Services                Secretary
     (Nevis, West Indies)         London, England W1Y 7TG

</TABLE>

         Set forth below is the name, citizenship (or place of organization, as
applicable), business address and present principal occupation or employment of
each director and executive officer of Glacier Capital Limited.


<TABLE>
<CAPTION>

     Name and Citizenship                                         Present Principal                Position
              or                                                    Occupation or                    with
    Place of Organization                Business                    Employment                Reporting Person
    ---------------------                --------                    ----------                ----------------
    <S>                           <C>                            <C>                           <C>
      James A. Loughran             38 Hertford Street                 Lawyer                      Director
           (Irish)                London, England W1Y 7TG

         Cofides S.A.               38 Hertford Street           Financial Services                Director
     (Nevis, West Indies)         London, England W1Y 7TG

       James E. Martin              37 Shepherd Street               Accountant                  President and
          (British)               London, England W1Y 7LH                                          Treasurer

        SECORP Limited              38 Hertford Street           Financial Services                Secretary
     (Nevis, West Indies)         London, England W1Y 7TG

</TABLE>

<PAGE>

CUSIP NUMBER 928430 10 7                13D/A                      Page 17 of 18


         Set forth below is the name, citizenship (or place of organization, as
applicable), business address and present principal occupation or employment of
each director and executive officer of Summit Capital Limited.


<TABLE>
<CAPTION>

     Name and Citizenship                                         Present Principal                Position
              or                                                    Occupation or                    with
    Place of Organization                Business                    Employment                Reporting Person
    ---------------------                --------                    ----------                ----------------
    <S>                           <C>                            <C>                           <C>
      James A. Loughran             38 Hertford Street                 Lawyer                      Director
           (Irish)                London, England W1Y 7TG

         Cofides S.A.               38 Hertford Street           Financial Services                Director
     (Nevis, West Indies)         London, England W1Y 7TG

       James E. Martin              37 Shepherd Street               Accountant                  President and
          (British)               London, England W1Y 7LH                                          Treasurer

        SECORP Limited              38 Hertford Street           Financial Services                Secretary
     (Nevis, West Indies)         London, England W1Y 7TG

</TABLE>


<PAGE>

                                    EXHIBIT A

         In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf of
each of them of a Statement on Schedule 13D (including amendment thereto) with
respect to the Common Stock of Edge Technology Group, Inc. This Joint Filing
Agreement shall be included as an exhibit to such filing or filings. In evidence
thereof, each of the undersigned, being duly authorized where appropriate,
hereby executes this Joint Filing Agreement as of the 22 day of December, 2000.

                           INFINITY EMERGING HOLDINGS SUBSIDIARY
                           LIMITED
                           By:   Dungate Limited, its Director


                                 By:  /s/ James E. Martin
                                      ------------------------------------------
                                      James E. Martin, Director


                           GLACIER CAPITAL LIMITED


                           By:   /s/ James A. Loughran
                                 -----------------------------------------------
                                 James A. Loughran, Director


                           SUMMIT CAPITAL LIMITED


                           By:   /s/ James A. Loughran
                                 -----------------------------------------------
                                 James A. Loughran, Director


                           PURCHASEPOOLING INVESTMENT FUND
                           By:   HW Capital, L.P., its manager
                                 By:  HW Capital, L.L.C., its general partner


                                      By:   /s/ J. Keith Benedict
                                            ------------------------------------
                                            J. Keith Benedict, Vice President


                           CATALYST MASTER FUND, L.P.
                           By:  Catalyst GP Ltd., its general partner


                                By:  /s/ J. Keith Benedict
                                     -------------------------------------------
                                     J. Keith Benedict, Vice President


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