SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 2
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): January 31, 1999
FORESTINDUSTRY.COM, INC.
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(formerly AUTOEYE INC.)
(Exact name of Registrant as specified in its charter)
Delaware 0-26673 98-0207081
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
#6-2150 Bowen Road
Nanaimo, British Columbia
Canada V9F 1H7
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (250) 758-0665
Suite 1650
Waterfront Centre, 200 Burrard Street
Vancouver, British Columbia
Canada V6C 3L6
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(Former name or former address if changed since last report.)
<PAGE>2
Item 1. Changes in Control of Registrant
On January 31, 2000 the Company acquired all of the issued and outstanding
shares of Forest Industry Online, Inc. in exchange for 10,000,000 shares of the
Company's common stock.
Forest Industry was incorporated on January 9, 1997. Forest Industry's
principal business activities include designing web sites and operating and
maintaining a computer internet web site for companies associated with the
forest industry.
Forest Industry has a website at forestindustry.com, which is fully
operational.
As of January 25, 1999 Forest Industry employed thirteen people on a
full-time basis.
Following the acquisition of Forest Industry, Andrew Hromyk resigned as the
Company's president. The Company's new officers and directors are:
Name Position
--------------- ------------------------
Joe Perraton President and a Director
Andrew Hromyk Secretary and a Director
Marc White Director
As a result of the acquisition of Forest Industry the following persons are
the principal shareholders of the Company's common stock.
Shares Percentage
Name Owned Ownership
--------------------- ------------- -----------
Joe Perraton 2,400,000 17%
Lara Perraton 700,000 5%
Teaco Properties Ltd. 6,900,000(1) 49%
Bona Vista West Ltd. 4,137,240 27%
(1) Mark White is a controlling person of Teaco Properties Ltd. and may be
considered the beneficial owner of these shares.
Item 2. Acquisition or Disposition of Assets
See Item 1.
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Item 5. Other Events
Concurrent with the acquisition of Forest Industry the Company sold 750
shares of its Series A Convertible Preferred stock at a price of $1,000 per
share to three investors. Each Series A Preferred Share is convertible into
shares of the Company's common stock on or after March 16, 2000. The number of
shares of the Company's common stock which will be issued upon the conversion of
each Series A Preferred share will be determined by dividing $1,000 by 75% of
the average closing bid of the Company's common stock for the ten trading days
prior to conversion. Notwithstanding the above, in no event will (i) less than
250 shares or (ii) more than 5,000 shares of common stock be issued upon the
conversion of each Series A Preferred share.
Item 7. Financial Statements, Pro Forma Financial Information
(c) Exhibits
4. Certificate of Designation setting forth rights and preferences
of Series A Convertible Preferred Stock.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this amended report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: August 23, 2000
FORESTINDUSTRY.COM, INC.
By: /s/ JOE PERRATON
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Joe Perraton, Secretary
