UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Information to be Included in Statements
Filed Pursuant to 240.13d-1(b), (c) and (d) and
Amendments Thereto Filed Pursuant to 240.13d-2
Citadel Technology, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
172 889 107
(CUSIP Number)
December 31, 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 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>
CUSIP NO. 172 889 107 13G/A (Amendment No. 1) Page 2 of 6 Pages
1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
Global Capital Management, Inc./FEIN 41-1625323
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
3) SEC Use Only
4) Citizenship or Place of Organization
Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:
5) Sole Voting Power
659,331
6) Shared Voting Power
0
7) Sole Dispositive Power
659,331
8) Shared Dispositive Power
0
9) Aggregate Amount Beneficially Owned by Each Reporting Person
659,331
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
11) Percent of Class Represented by Amount in Row (9)
2.3%
12) Type of Reporting Person (See Instructions)
CO<PAGE>
Page 3 of 6 Pages
SCHEDULE 13G/A
(Amendment No. 1)
ITEM 1. (a) Name of Issuer:
Citadel Technology, Inc.
(b) Address of Issuer's Principal Executive Offices:
3811 Turtle Creek Boulevard
Suite 600
Dallas, Texas 75219
ITEM 2. (a) Name of Person Filing:
Global Capital Management, Inc.
(b) Address of Principal Business Office:
602 Carlson Parkway
Suite 200
Minnetonka, Minnesota 55305
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
172 889 107
ITEM 3. If this statement is filed pursuant to Rule 13d-1(c), check
this box:
[X]<PAGE>
Page 4 of 6 Pages
ITEM 4. Ownership
(a) Amount Beneficially Owned:
659,331
(b) Percent of Class:
2.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
659,331
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or to direct the disposition of
659,331
(iv) Shared power to dispose or to direct the disposition of
0
ITEM 5. Ownership of Five Percent or Less of a Class
If this Statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].
ITEM 6. Ownership of More Than Five Percent on Behalf of Another Person
No Change
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<PAGE>
Page 5 of 6 Pages
ITEM 10. Certification
No Change<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.
Date: February 15, 1999 GLOBAL CAPITAL MANAGEMENT, INC.
By: /s/ John D. Brandenborg
-------------------------------
Name: John D. Brandenborg
Title: President
