SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Commission File No. 013313
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: August 3, 1999
GS TELECOM LIMITED
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(Exact name of registrant as specified in its charter)
Colorado 36-3296861
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(State or other (IRS Employer
jurisdiction of Identification No.)
incorporation)
First Floor, Hampton House, 20 Albert Embankment London SE1 7TJ
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 44-171-587-3687
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Item 1. Changes in Control of Registrant
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None.
Item 2. Acquisition or Disposition of Assets
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None.
Item 3. Bankruptcy or Receivership
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None.
Item 4. Changes in Accountants
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None.
Item 5. Other Events
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a. The Company has made investigation into certificates for common shares of GS
Telecom, Ltd. which were in the "6000" number series and were neither
countersigned by American Securities Transfer & Trust, Inc. (the prior transfer
agent) nor by Colonial Stock Transfer, Inc. (the current transfer agent). The
Company has determined that all such certificates are invalid and has so
notified the Securities & Exchange Commission, Depository Trust Corporation, and
its current transfer agent, Colonial Transfer Co. Inc. From the current
information available, it appears that invalid certificates, totaling
approximately 800,000, have been submitted for transfer. All valid certificates
will be honored.
b. GS Telecom Limited reiterates its previous statement that it has severed all
relationships with Union Trading-Financial Ltd,/Werner Wassler and/or any of
their associates or affiliates which have become known to GST.
c. GST is considering appropriate legal action to be taken specifically against
Union Trading Financial LTD. and its associates/affiliates in relation to
misrepresentations and the unauthorized distribution of stock.
d. GS Telecom, Ltd. is in no way affiliated with GST Telecommunications, Inc. of
Vancouver, Washington and no inference of any relationship is suggested in any
area of industry.
Item 6. Resignation from/Appointments to Board of Directors
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None.
Item 7. Financial Statements Pro Forma Financial & Exhibits
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None
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: August 3, 1999 GS TELECOM LIMITED
/s/ Gary Botha
By:---------------------------------
Secretary and Financial Director
