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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
QORUS.COM, INC.
(Name of Issuer)
COMMON STOCK, $.001 PAR VALUE
(Title of Class of Securities)
747280105
(CUSIP Number)
DECEMBER 4, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
|X| Rule 13d-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).
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CUSIP NO. 747280105 13 G Page 2 of 7 Pages
- ------------------------- -----------------------
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1
CANADIAN ADVANTAGE LIMITED PARTNERSHIP
- --------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
2
(b) [X]
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SEC USE ONLY
3
- --------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 ONTARIO, CANADA
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SOLE VOTING POWER
5
630,000 SHARES
NUMBER OF -------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED 0 SHARES
BY EACH -------------------------------------------------
REPORTING PERSON SOLE DISPOSITIVE POWER
WITH 7
630,000 SHARES
-------------------------------------------------
SHARED DISPOSITIVE POWER
8
0 SHARES
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 840,000 SHARES
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
10
[ ]
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
7.4%
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TYPE OF REPORTING PERSON
12 OO
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CUSIP NO. 747280105 13 G Page 3 of 7 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1
VMH MANAGEMENT LTD.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
2
(b) [X]
- --------------------------------------------------------------------------------
SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4 ONTARIO, CANADA
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SOLE VOTING POWER
5
210,000 SHARES
NUMBER OF -------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 6
OWNED 630,000 SHARES
BY EACH -------------------------------------------------
REPORTING PERSON SOLE DISPOSITIVE POWER
WITH 7
210,000 SHARES
-------------------------------------------------
SHARED DISPOSITIVE POWER
8
630,000 SHARES
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 840,000 SHARES
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
10
[ ]
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
7.4%
- --------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 CO
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Item 1(a) NAME OF ISSUER:
Qorus.com, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
9800 South Sepulveda Blvd., Suite 318
Los Angeles, California 90045
Item 2(a) NAMES OF PERSONS FILING:
Canadian Advantage Limited Partnership
VMH Management, Ltd.
This Schedule 13G is jointly filed on behalf of the
above-named persons.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Canadian Advantaged Limited Partnership
365 Bay Street, Tenth Floor
Toronto, Ontario M5H 2V2
Canada
VMH Management, Ltd.
365 Bay Street, Tenth Floor
Toronto, Ontario M5H 2V2
Canada
Item 2(c) CITIZENSHIP:
Canadian Advantage Limited Partnership: Canada
VMH Management, Ltd.: Canada
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $.001 par value (the "Common Stock")
Item 2(e) CUSIP NUMBER:
747280105
Item 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR
13D-2(b), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
Item 4 OWNERSHIP:
Canadian Advantage Limited Partnership is the beneficial owner
of 630,000 shares of Common Stock. VMH Management Limited is
the beneficial owner of 210,000 shares of Common Stock. VMH
Management Limited is the general partner of Canadian
Advantage Limited Partnership. Canadian Advantage Limited
Partnership disclaims
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beneficial ownership of the 210,000 shares of Common Stock
beneficially owned by VMH Management Limited.
Canadian Advantaged Limited Partnership:
(a) Amount Beneficially Owned: 840,000 shares
(b) Percent of Class: 7.4%
(c) (i) Sole Voting Power: 630,000 shares
(ii) Shares Voting Power: 0 shares
(iii) Sole Dispositive Power: 630,000 shares
(iv) Shares Dispositive Power: 0 shares
VMH Management, Ltd.:
(a) Amount Beneficially Owned: 840,000 shares
(b) Percent of Class: 7.4%
(c) (i) Sole Voting Power: 210,000 shares
(ii) Shares Voting Power: 630,000 shares
(iii) Sole Dispositive Power: 210,000 shares
(iv) Shares Dispositive Power:630,000 shares
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.
Item 10 CERTIFICATION:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participation in any transaction
having that purpose or effect.
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SIGNATURES
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.
March 28, 2000
CANADIAN ADVANTAGE LIMITED PARTNERSHIP
by VMH MANAGEMENT, LTD.
GENERAL PARTNER
By /s/ ILLEGIBLE
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VMH MANAGEMENT, LTD.
By /s/ ILLEGIBLE
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Exhibit: Agreement for Joint Filing Pursuant to Rule 13d-1(k)(1) under the
Securities Act of 1934
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EXHIBIT INDEX
Exhibit -- Agreement for Joint Filing
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EXHIBIT
AGREEMENT FOR JOINT FILING PURSUANT TO RULE
13d-1(k)(1) UNDER THE SECURITIES ACT OF 1934
Pursuant to Rule 13d-1(k)(1) under the Securities Act of 1934, the
undersigned, by their signature affixed hereto, do hereby agree in writing that
this Schedule 13G be and is filed on behalf of each of them. The undersigned
further recognize that each of them is responsible for the timely filing of this
Schedule 13G and any amendments thereto, and for the completeness and accuracy
of any information concerning them contained herein. The undersigned further
constitute and appoint Ernest M. Hall, Jr., as lawful attorney-in-fact and
agent, to execute and file this Schedule 13G, and any amendments thereto on
their behalf.
Dated as of this 28th day of March, 2000.
CANADIAN ADVANTAGE LIMITED PARTNERSHIP
by VMH MANAGEMENT, LTD.
GENERAL PARTNER
By /s/ ILLEGIBLE
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VMH MANAGEMENT, LTD.
By /s/ ILLEGIBLE
--------------------------------------
