INCOMNET INC
SC 13D/A, 1998-11-06
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<PAGE>
                                   UNITED STATES
                     OFFICE OF THE COMPTROLLER OF THE CURRENCY
                               WASHINGTON, D.C. 20549
                                          
                                          
                                    SCHEDULE 13D
                                          
                                          
                     UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                 (Amendment No. 1)* 
                                   Incomnet, Inc.
           --------------------------------------------------------
                                  (Name of Issuer)
                                          
                                       Common
           --------------------------------------------------------
                           (Title of Class of Securities)
                                          
                                     453365207
                      -----------------------------------------
                                   (CUSIP Number)
                                          
                                   Denis Richard
                                  2801 Main Street
                                  Irvine, CA 92614
                                   (714) 251-8000
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                  Communications)
                                          
                                 September 29, 1998
                      -----------------------------------------
              (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: Six copies of this statement, including all exhibits, should be filed with
the Commission.  See Rule 13d-1(a) 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).


<PAGE>
                                  SCHEDULE 13D                 
CUSIP No. 453365207
          ---------                                            
    
- -------------------------------------------------------------------------------
  1    NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       Denis Richard       S.S. No. 88-0241740
- -------------------------------------------------------------------------------
  2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) / /
                                                                       (b) / /
- -------------------------------------------------------------------------------
  3    OCC USE ONLY
- -------------------------------------------------------------------------------
  4    SOURCE OF FUNDS*
       00
- -------------------------------------------------------------------------------
  5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
       ITEMS 2(d) or 2(e)                                                  / /
- -------------------------------------------------------------------------------
  6    CITIZENSHIP OR PLACE OF ORGANIZATION
       Canadian
- -------------------------------------------------------------------------------
                  7   SOLE VOTING POWER
   NUMBER OF          13 shares of Preferred convertible into 1.3 million 
     SHARES           shares of common stock. (See Item 3)
  BENEFICIALLY        ---------------------------------------------------------
   OWNED BY       8   SHARED VOTING POWER
     EACH
   REPORTING          - 0 -
    PERSON            ---------------------------------------------------------
     WITH         9   SOLE DISPOSITIVE POWER
                      13 shares of Preferred convertible into 1.3 million
                       shares of Common Stock. (See Item 3)
                      ----------------------------------------------------------
                 10   SHARED DISPOSITIVE POWER
                      - 0 -
- -------------------------------------------------------------------------------
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          13 shares of Preferred convertible into 1.3 million shares of Common
          Stock (See Item 3)
- -------------------------------------------------------------------------------
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  
       / /
- -------------------------------------------------------------------------------
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
           6%  (See Item 5)
- -------------------------------------------------------------------------------
  14   TYPE OF REPORTING PERSON*
       IN
- -------------------------------------------------------------------------------
                                       
                        *SEE INSTRUCTIONS BEFORE FILLING OUT!
             INCLUDE BOTH SIDES OF THE COVER PAGE RESPONSES TO ITEMS 1-7
         (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.


<PAGE>
                                  SCHEDULE 13D                 
CUSIP No. 453365207
          ---------                                            

ITEM 1.   SECURITY AND ISSUER

     This Statement is the first Amendment to the Statement on Schedule 13D
     filed on October 9, 1998 (the "Statement") in connection with Reporting
     Person's beneficial ownership of shares of Series D Convertible Preferred
     Stock (the "Series D Preferred Stock") of Incomnet, Inc. (the "Issuer")
     which, subject to certain conditions, is convertible into common stock of
     the Issuer.  All capitalized terms used and not defined in this Amendment
     No. 1 shall have the meanings given to them in the Statement.

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

     In connection with settlement agreements among the Issuer and certain of 
     the holders of the Issuer's Series A Convertible Preferred Stock and 
     Series B Convertible Preferred Stock, Reporting Person has agreed to vote 
     all shares of stock of the Issuer owned by Reporting Person in favor of an 
     increase in the number of authorized shares of the Issuer's common stock.

ITEM 7.   MATERIAL TO BE FILED AS EXHIBITS.

     Exhibit 1           Letter from Reporting Person to Robert Cohen, Stefanie
                         Cohen, Allyson Cohen, Jeffrey Cohen, Jeffrey Rubin, 
                         Alan Cohen, Meryl Cohen, Gabrielle Cohen, Jaclyn Cohen,
                         Erica Cohen, Nicole Cohen, Lenore Katz, and Broadway 
                         Partners regarding voting of Reporting Person's shares
                         of the Issuer's stock in favor of an increase in the 
                         number of authorized shares of common stock of the 
                         Issuer.

     Exhibit 2           Letter from Reporting Person to Ellen Cohen and Martin 
                         Fabrikant regarding voting of Reporting Person's shares
                         of the Issuer's stock in favor of an increase in the 
                         number of authorized shares of common stock of the 
                         Issuer.

                                       5

<PAGE>

                                  SCHEDULE 13D                 
CUSIP No. 453365207
          ---------                                            

                                       
                                    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.


DATED:  November 6, 1998                   /S/ DENIS RICHARD 
                                          -------------------------------
                                          DENIS RICHARD






<PAGE>
                                  SCHEDULE 13D                 
CUSIP No. 453365207
          ---------                                            
                                       
                                 EXHIBIT INDEX

          Exhibit 1      Letter from Reporting Person to Robert Cohen, Stefanie
                         Cohen, Allyson Cohen, Jeffrey Cohen, Jeffrey Rubin, 
                         Alan Cohen, Meryl Cohen, Gabrielle Cohen, Jaclyn Cohen,
                         Erica Cohen, Nicole Cohen, Lenore Katz, and Broadway 
                         Partners regarding voting of Reporting Person's shares
                         of the Issuer's stock in favor of an increase in the 
                         number of authorized shares of common stock of the 
                         Issuer.

          Exhibit 2      Letter from Reporting Person to Ellen Cohen and Martin 
                         Fabrikant regarding voting of Reporting Person's shares
                         of the Issuer's stock in favor of an increase in the 
                         number of authorized shares of common stock of the 
                         Issuer.



<PAGE>

                                     EXHIBIT 1

                                   DENIS RICHARD
                                 C/O INCOMNET, INC.
                                  2801 MAIN STREET
                              IRVINE, CALIFORNIA 92614
                                          
                                  NOVEMBER 5, 1998




Dr. Robert Cohen
Ms. Stefanie Rubin
Ms. Allyson Cohen
Mr. Jeffrey Cohen
Mr. Jeffrey Rubin
Dr. Alan Cohen
Ms. Meryl Cohen
Ms. Gabrielle Cohen
Ms. Jaclyn Cohen
Ms. Erica Cohen
Ms. Nicole Cohen
Ms. Lenore Katz
Broadway Partners c/o Mr. Jeffrey Rubin
c/o Robert S. Matlin, Esq.
Camhy Karlinsky & Stein LLP
1740 Broadway, 16th Floor
New York, New York  10019-4315


Ladies and Gentlemen:

     This letter is to confirm my agreement to each of you that I will vote all
of the shares of stock that I own in favor of an increase in the authorized
number of shares of Incomnet, Inc. common stock to 50,000,000 shares.  If
shareholder approval is not obtained at the next meeting of shareholders, I
hereby agree to continue to vote all my shares in favor of such proposal until
there is a sufficient increase in the number of shares of authorized Incomnet
common stock to permit issuance of all common stock underlying the warrants
owned by each of you.

                              Very truly yours,
                              
                              /S/ DENIS RICHARD 
                              -------------------------------
                              DENIS RICHARD











<PAGE>

                                     EXHIBIT 2

                                   DENIS RICHARD
                                 C/O INCOMNET, INC.
                                  2801 MAIN STREET
                              IRVINE, CALIFORNIA 92614
                                          
                                  NOVEMBER 5, 1998




Ms. Ellen Cohen
Mr. Martin Fabrikant
c/o Robert S. Matlin, Esq.
Camhy Karlinsky & Stein LLP
1740 Broadway, 16th Floor
New York, New York  10019-4315


Ladies and Gentlemen:

     This letter is to confirm my agreement to each of you that I will vote all
of the shares of stock that I own in favor of an increase in the authorized
number of shares of Incomnet, Inc. common stock to 50,000,000 shares.  If
shareholder approval is not obtained at the next meeting of shareholders, I
hereby agree to continue to vote all my shares in favor of such proposal until
there is a sufficient increase in the number of shares of authorized Incomnet
common stock to permit issuance of all common stock underlying the warrants
owned by each of you.

                              Very truly yours,
                              
                              /S/ DENIS RICHARD 
                              -------------------------------
                              DENIS RICHARD




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