SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. )(1)
FINANCIAL INTRANET, INC.
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(Name of Issuer)
COMMON STOCK, $.001 par value
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(Title of Class of Securities)
317604106
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(CUSIP Number)
Samuel M. Krieger, Esq., Suite 1440, 39 Broadway, New York, New York 10006
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 1, 2000
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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), 13d-1(f) or 13d-1(g), 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(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 13 Pages)
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(1) 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).
<PAGE>
CUSIP No. 317604106 SCHEDULE 13D Page 2 of Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Reporting Entity: GARTH LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
SEE ITEM 5 BELOW (b) |X|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC/OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Reporting Entity: Cayman Islands
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7 SOLE VOTING POWER
SEE ITEM 5 BELOW
Reporting Entity: 38,932,172
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON SEE ITEM 5 BELOW
WITH
Reporting Entity: 38,932,172
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5 BELOW
Reporting Entity: 38,932,172
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
SEE ITEM 5 BELOW
Reporting Entity: 45.7%
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14 TYPE OF REPORTING PERSON*
Reporting Entity: CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. Security and Issuer
Common Stock, $.001 par value
ITEM 2. Identity and background:
Reporting Entity
a. Garth LLC
b. c/o Citco Fund Services, Ltd.
Corporate Centre
Windward One
West Bay Road
PO Box 31106 SMB
Grand Cayman, Cayman Islands
c. Principal Business: Investments
d. None
e. None
Name of Executive Officers and Principal Members of Reporting Entity
a. Navigator Management Limited
b. Harbour House, 2nd Floor
Waterfront Drive
PO Box 972
Road Town
Tortola, British Virgin Islands
c. Sole director and President of Investment Manager:
d. None
e. None
f. British Virgin Islands
<PAGE>
a. David Sims
b. Harbour House, Waterfront Drive
P.O. Box 972
Road Town, Tortola, British Virgin Islands
c. Investments
d. None
e. None
f. Republic of South Africa
ITEM 3. Source and Amount of Funds or Other Consideration
Source: See below
Amount: Reporting Person currently owns 38,932,172 shares of the
Common Stock of the Issuer.
ITEM 4. Purpose of Transaction
The Shares deemed to be beneficially owned by the Reporting Entity
were originally acquired for, and are being held for, investment purposes.
Reporting Entity received 3,204,819 restricted shares of Common Stock on
November 1, 2000 with respect to a $150,000 conversion of an 8% Convertible
Promissory Note of the Issuer. Reporting Entity received 4,250,780 restricted
shares of Common Stock on November 1, 2000 with respect to a $200,000 conversion
of an 8% Convertible Promissory Note of the Issuer. Reporting Entity received
12,476,573 restricted shares of Common Stock on November 1, 2000 with respect to
a $600,000 conversion of an 8% Convertible Debenture of the Issuer. On November
6, 2000, Reporting Entity purchased 19,000,000 restricted shares of Common Stock
from the Issuer for $190,000.
Based on information provided by the Issuer, there are currently
outstanding 85,163,416 shares of the Common Stock of the Issuer.
The Reporting Entity is evaluating all of its option with respect to
the future direction of the Company.
ITEM 5. Interest in Securities of Issuer
a.&b. All of the information given below is as of December 10, 2000.
Percentages are based on 85,163,416 shares of Common Stock outstanding as of
December 10, 2000.
The Reporting Person disclaims any beneficial interest in or voting
rights in the shares of Common Stock of the Issuer held by or issuable upon the
exercise of any conversion or other rights held by any other holder of shares or
such rights of the Issuer.
Neither the Reporting Entity nor any of the other persons named
above has sold any shares of Common Stock of the Issuer.
d. N/A
e. N/A
<PAGE>
ITEM 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
None
ITEM 7. Material to be filed as Exhibits
<PAGE>
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.
December 12, 2000 GARTH LLC
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[Date]
By: Navigator Management Limited
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By: /s/ David Sims
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Its: Director
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By:
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Its:
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The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name of any title of each person who signs the statement shall be typed or
printed beneath his signature.
