AVATEX CORP
SC 13G, 1998-06-22
DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES
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                                  SCHEDULE 13G

                                 (Rule 13d-102)

 Information to be Included in Statements  Filed Pursuant to Rule 13d-1(b), (c)
          and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. ___)


                            JWGenesis Financial Corp.
 ------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
 ------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    482227105
 ------------------------------------------------------------------------------
                                 (CUSIP number)


                                  June 15, 1998
 ------------------------------------------------------------------------------
             (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)

      [X]   Rule 13d-1(c)

      [_]   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).


<PAGE>


                                      13G


      CUSIP No. 482227105                                Page 2 of 5
- ------------------------------                  --------------------------------



       1        NAME OF REPORTING PERSON/S.S. or I.R.S. IDENTIFICATION
                NO. OF ABOVE PERSON:                          Avatex Corporation
                                                           Tax Id No. 25-1425889

       2        CHECK THE APPROPRIATE BOX IF A MEMBER                    (a) [_]
                OF A GROUP:                                              (b) [_]

       3        SEC USE ONLY

       4        CITIZENSHIP OR PLACE OF ORGANIZATION:                   Delaware


NUMBER OF
                       5     SOLE VOTING POWER:                          300,000
SHARES
BENEFICIALLY
                       6     SHARED VOTING POWER:                              0
OWNED BY
EACH
                       7     SOLE DISPOSITIVE POWER:                     300,000
REPORTING
PERSON WITH
                       8     SHARED DISPOSITIVE POWER:                         0

- --------------------------------------------------------------------------------

       9        AGGREGATE AMOUNT BENEFICIALLY OWNED
                BY EACH REPORTING PERSON:                                300,000

      10        CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
                EXCLUDES CERTAIN SHARES                                      [_]

      11        PERCENT OF CLASS REPRESENTED
                BY AMOUNT IN ROW (9):                                       5.5%

      12        TYPE OF REPORTING PERSON:                                    CO

================================================================================



<PAGE>


                                      13G


      CUSIP No. 482227105                                Page 3 of 5
- ------------------------------                  --------------------------------


Item 1(a)   Name of Issuer:

      JWGenesis Financial Corp.

Item 1(b)   Address of the Issuer's Principal Executive Office:

      980 North Federal Highway, Suite 210, Boca Raton, Florida 33432

Item 2(a)   Name of Person Filing:

      Avatex Corporation

Item 2(b)   Address of Principal Business Office or, if none, Residence:

      5910 North Central Expressway
      Suite 1780
      Dallas, Texas 75206

Item 2(c)   Citizenship:

      Avatex Corporation is a Delaware corporation

Item 2(d)   Title of Class of Securities:

      Common Stock

Item 2(e)   CUSIP Number:

      482227105

Item 3      If  this  statement is filed  pursuant to Rule 13d-1(b), or 13d-2(b)
            or (c), check whether the person filing is a:

(a) [_]  Broker or Dealer registered under Section 15 of the Exchange Act;

(b) [_]  Bank as defined in Section 3(a)(6) of the Exchange Act;

(c) [_]  Insurance company as defined in Section 3(a)(19) of the Exchange Act;



<PAGE>


                                      13G


      CUSIP No. 482227105                                Page 4 of 5
- ------------------------------                  --------------------------------


(d) [_]  Investment company registered under Section 8 of the Investment Company
         Act;

(e) [_]  An investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E);

(f) [_]  An  employee  benefit plan  or endowment fund in  accordance  with Rule
         13d-1(b)(1)(ii)(F);

(g) [_]  A  parent  holding  company or  control person in  accordance with Rule
         13d-1(b)(1)(ii)(G);

(h) [_]  A savings association as defined in Section 3(b) of the Federal Deposit
         Insurance Act;

(i) [_]  A  church plan  that is excluded from the  definition of  an investment
         company under Section 3(c)(14) of the Investment Company Act;

(j) [_]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

     If this statement is filed pursuant to Rule 13d-1(c), check this box.   [x]

Item 4      Ownership

      (a)   Amount beneficially owned:                            300,000 shares

      (b)   Percent of Class:                                     5.5%

      (c)   Number shares as to which the person has:

        (i) Sole power to vote or to direct the vote:             300,000 shares

       (ii) Shared power to vote or to direct the vote:           0 shares

      (iii) Sole power to dispose or to direct the disposit of:   300,000 shares

       (iv) Shared power to dispose or to direct the disposit of: 0 shares

Item 5      Ownership of Five Percent or Less of a Class

      Not applicable.


<PAGE>


                                      13G


      CUSIP No. 482227105                                Page 5 of 5
- ------------------------------                  --------------------------------

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 participant in any transaction having that purpose or effect.

                                    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: June 22, 1998                      AVATEX CORPORATION


                                          By:       /s/ Robert H. Stone
                                             -----------------------------------
                                                Robert H. Stone
                                                Vice President



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