SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
SCHEDULE 13D/A
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Casmyn Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
1476191002
(CUSIP Number)
Richard J. Emmerich
Global Capital Management, Inc.
601 Carlson Parkway
Suite 200
Minnetonka, Minnesota 55305
(612) 476-7200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 14, 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 [ ].
(continued on following pages) <PAGE>
CUSIP No. 1476191002 Schedule 13D/A (Amendment No. 1)
1) Name of Reporting Persons/S.S. or 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 (a) [ ]
(b) [ ]
3) SEC Use Only
4) Source of Funds
WC
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Item 2(d) or 2(e) [ ]
6) Citizenship or Place of Organization
Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:
7) Sole Voting Power
12,228,389 as of October 14, 1998
10,878,389 as of February 17, 1999
8) Shared Voting Power
0
9) Sole Dispositive Power
12,228,389 as of October 14, 1998
10,878,389 as of February 17, 1999
10) Shared Dispositive Power
0
11) Aggregate Amount Beneficially Owned by Each Reporting Person
12,228,389 as of October 14, 1998
10,878,389 as of February 17, 1999
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
13) Percent of Class Represented by Amount in Row (11)
5.6% as of October 14, 1998
4.9% as of February 17, 1999
14) Type of Reporting Person
CO
Page 2 of 6 Pages<PAGE>
SCHEDULE 13D/A
(Amendment No. 1)
This Amendment No. 1 to the Statement on Schedule 13D is being
filed pursuant to Section 13(d) of the Securities Exchange Act of 1934
and the rules and regulations promulgated thereunder. This Amendment
No. 1 amends and supplements the Statement on Schedule 13D (the
"Schedule 13D") relating to the common stock, par value $0.04 per
share ("Common Stock"), of Casmyn Corp., a Colorado corporation (the
"Issuer"), previously filed by Global Capital Management, Inc., a
Delaware corporation ("Global"). Capitalized terms used and not
defined herein shall have the meanings set forth in the Schedule 13D.
Except as amended herein, the Schedule 13D previously filed remains
unchanged.
Item 5. Interest in Securities of the Issuer.
Item 5(a) is amended by adding the following:
(a) Without modifying the description set forth in this
Item 5(a):
(1) On October 14, 1998, Global sold all of its
Preferred Stock holdings back to the Issuer. As a
result of that transaction, Global was the
beneficial owner only of 12,228,389 shares of
Common Stock as of that date. Based upon the
Issuer's Form 10-Q for the quarter ended June 30,
1998, the Issuer had 218,340,018 shares of Common
Stock outstanding as of August 12, 1998. Based
upon that number of shares, Global would be deemed
as of October 14, 1998 to be the beneficial owner
of 5.6% of the Issuer's outstanding Common Stock.
(2) As of the date hereof, Global is the beneficial
owner of 10,878,389 shares of Common Stock. Based
upon the Issuer's Form 10-Q for the quarter ended
June 30, 1998, the Issuer had 218,340,018 shares
of Common Stock outstanding as of August 12, 1998.
Based upon that number of shares, Global would be
deemed as of the date hereof to be the beneficial
owner of 4.9% of the Issuer's outstanding Common
Stock.
Item 5(c) is amended by adding the following:
(c) No transactions in Common Stock were effected by the
Investors during the sixty (60) days prior to October 14,
1998. Schedule A describes each transaction in Common Stock
effected by the Investors during the sixty (60) days prior
to (and including) February 17, 1999. All such transactions
were executed on the OTC Bulletin Board system.
Page 3 of 6 Pages<PAGE>
Item 5(e) is amended to read as follows:
(e) Global ceased to be the beneficial owner of more than five
percent of the Issuer's Common Stock as of February 17,
1999.
Page 4 of 6 Pages<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 24, 1999 GLOBAL CAPITAL MANAGEMENT, INC.
By: /s/ John D. Brandenborg
---------------------------
Name: John D. Brandenborg
Title: President
Page 5 of 6 Pages<PAGE>
SCHEDULE A
<TABLE>
<CAPTION>
Transaction Date Transacting Party Transaction Quantity Price
---------------- ----------------- ----------- -------- -----
<S> <C> <C> <C> <C>
2/17/99 Merced Partners, L.P. Sell 700,000 $.003
</TABLE>
Page 6 of 6 Pages<PAGE>
