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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-2(a)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A)AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(A)
Under the Securities Exchange Act of 1934
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EUROTELECOM COMMUNICATIONS, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
298 79W 106
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(CUSIP Number)
SCRIBE INVESTMENTS, SA
Le George V, 14 av. De Grande-Bretagne
Monaco, MC 98000
Tel No. 011-377-97-97-17-24
and
Mark Sieff
Le George V, 14 av. De Grande-Bretagne
Monaco, MC 98000
Tel No. 011-377-97-97-17-24
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
December 31, 1999
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box.[ ]
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Note: Schedules filed in paper format 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).
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CUSIP No. 298 79W 106
1 NAME OF REPORTING PERSON, S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Scribe Investments SA
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /__/
(b) /__/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED KINGDOM
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7 SOLE VOTING POWER
2,475,000
Number of ------------------------------------------------
Shares 8 SHARED VOTING POWER
Beneficially 0
Owned by ------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER
Reporting 2,475,000
Person ------------------------------------------------
with 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,475,000 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) /___/
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.8 %
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14 TYPE OF REPORTING PERSON*
(See Instructions)
CO
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1 NAME OF REPORTING PERSON, S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark Sieff
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /__/
(b) /__/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED KINGDOM
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7 SOLE VOTING POWER
2,475,000
Number of ------------------------------------------------
Shares 8 SHARED VOTING POWER
Beneficially 0
Owned by ------------------------------------------------
Each 9 SOLE DISPOSITIVE POWER
Reporting 2,475,000
Person ------------------------------------------------
with 10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,475,000 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (See Instructions) /___/
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.8 %
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14 TYPE OF REPORTING PERSON*
(See Instructions)
OO
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Item 1. Security and Issuer
This Statement relates to the Common Stock, $.01 par value (the "Common
Stock"), of Eurotelecom Communications, Inc., a Delaware corporation
("Eurotelecom"). Eurotelecom's address is Mexborough Business Center, College
Road, Mexborough, Yorkshire, United Kingdom NG22 OPQ
Item 2. Identity and Background
(a) This statement is filed jointly on behalf of Scribe Investments, SA and Mark
Sieff, its controlling shareholder
(b) The business address of both Scribe Investments SA and Mark Sieff is Le
George V, 14 av. De Grande-Bretagne, Monaco, MC 98000 Tel No.
011-377-97-97-17-24
(c) Scribe Investments SA is an investment company, and Mark Sieff is its sole
officer and director.
(d) and (e) During the last five years, neither Mark Sieff nor Scribe
Investments SA has been (i) convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors); or (ii) a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is 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.
(f) Mark Sieff is a citizen of the United Kingdom. Scribe Investments SA is
organized under the laws of the United Kingdom.
Item 3. Source and Amount of Funds or Other Consideration
The source of funds used by Scribe Investments SA in making purchases
of the Common Stock beneficially owned was funds invested by Mr Sieff,
consisting of his personal funds. None of the funds used for the purchases were
borrowed. The aggregate purchase price paid for the shares was $371,250.00.
Item 4. Purpose of Transaction
The purpose of the transaction reported herein was the making of an
investment in the Issuer. Neither reporting person currently has any plans or
proposals which relate to or would result in any of the actions set forth in
subparagraphs (a) through (j) of Item 4, except as follows:
(a) Depending upon market conditions and other factors that they may
deem material, the reporting persons may purchase additional shares of Common
Stock or related securities or may dispose of all or a portion of the Common
Stock or related securities that are now beneficially owned or may be hereafter
acquired in open market or privately negotiated transactions or otherwise.
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(b) The Issuer has proposed to amend its certificate of incorporation
to (1) increase the number of shares of Common Stock, $.01 par value it is
authorized to issue from 20,000,000 shares to 50,000,000 shares and (2) add a
class of shares of common stock to be known as Class A Common Stock, which will
have such powers, preferences, rights, qualifications and restrictions, and
shall be issued in one or more series, as are determined, from time to time, by
the Company's Board of Directors. Although the Issuer's plans may change, its
present purpose in adding this class of Common Shares is to enable the Issuer to
issue shares of Class A Common Stock with the same powers, preferences, rights,
qualifications and restrictions as have been granted to the Company's Common
Stock, subject to the limitations that, to the extent lawful, shares of Class A
Common Stock may only be acquired by any person who is not a "U.S. Person", and
may only be offered or sold in an "Offshore Transaction", as such terms are
defined by Rule 902 of Regulation S, as amended from time to time, issued by the
Securities and Exchange Commission under the Securities Act of 1933, as amended
from time to time, or by any successor rule or regulation.
(c) None.
(d) The reporting persons intend that the number of directors of the
Issuer will be increased to seven, to consist of Christopher Robert Akers, John
Spackman, Philip Shaun Derry, David Anthony Walton, David Michael Linell, Graham
Evan Ford and Andrew Krawchuk.
(e) See item (b) above.
(f) None
(g) None, except as described in item (b) above.
(h) None
(i) None
(j) None.
Item 5. Interest in Securities of the Issuer
(a) The reporting persons beneficially own 2,474,000 shares of Common Stock,
constituting aggregate beneficial ownership of 13.8% of the outstanding shares
of Common Stock.
(b) The reporting persons have the power to vote or direct the vote of, and to
dispose or direct the disposition of, the Common Stock beneficially owned by
them.
(c) None.
(d) No person other than the reporting persons is known to have the right to
receive or the power to direct the receipt of dividends from or the proceeds
from the sale of shares of the Common Stock.
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None
Item 7. Material to Be Filed as Exhibits
Not Applicable.
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Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth statement is true, complete and correct.
Date February 15, 2000
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Scribe Investments, SA
By: /S/ Mark Sieff
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Signature: Mark Sieff
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Name/Title
/S/ Mark Sieff
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Mark Sieff
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
