UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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INTRENET, INC.
(Name of Issuer)
Common Stock, without par value
(Title of Class of Securities)
461190100
(CUSIP Number)
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Paul A. Biddelman
Hanseatic Corporation
450 Park Avenue, Suite 2302
New York, New York 10022
(212) 832-3038
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
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December 30, 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 Sections 240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box.
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Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See Section 240.13d-7(b) 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).
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<PAGE>
CUSIP NO. 461190100
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hanseatic Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
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(b)
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3 SEC USE ONLY
4 SOURCE OF FUNDS*
Not applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
-0-
8 SHARED VOTING POWER
-0-
9 SOLE DISPOSITIVE POWER
-0-
10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
<PAGE>
<PAGE>
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
--
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
14 TYPE OF REPORTING PERSON
CO
<PAGE>
<PAGE>
CUSIP NO. 461190100
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wolfgang Traber
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
-----
(b)
-----
3 SEC USE ONLY
4 SOURCE OF FUNDS*
Not applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
-----
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Germany
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER
-0-
8 SHARED VOTING POWER
-0-
9 SOLE DISPOSITIVE POWER
-0-
10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
<PAGE>
<PAGE>
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
-----
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
14 TYPE OF REPORTING PERSON
IN
<PAGE>
<PAGE>
INTRODUCTORY STATEMENT
Pursuant to Reg. Section 240.13d-2, this Amendment No. 2 to
Schedule 13D discloses changes in the Statement on Schedule 13D
dated January 19, 1993 as amended by Amendment No. 1 thereto dated
December 2, 1997 (together, the "Amended Statement on Schedule
13D"), filed jointly by Hanseatic Corporation ("Hanseatic") and
Wolfgang Traber (the "Stockholder") and therefore does not restate
the items therein in their entirety. Unless otherwise indicated,
all capitalized terms used herein but not defined herein shall have
the same meanings as set forth in the Amended Statement on Schedule
13D. No person or entity responding hereunder shall be responsible
for the completeness or accuracy of any information contained
herein with respect to any other person or entity.
Item 1. Security and Issuer.
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This statement relates to shares of the common stock, without
par value (the "Common Stock"), of Intrenet Inc. (the
"Corporation"). The principal executive offices of the Corporation
are located at 400 Technecenter Drive, Suite 200, Milford, Ohio
45140.
Item 5. Interest in Securities of the Issuer.
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(a-b) As of December 30, 1998, neither Hanseatic nor the
Stockholder beneficially owned, for purposes of Rule 13d-3 under
the Securities Exchange Act of 1934, as amended, any shares of
Common Stock. As disclosed by such persons to Hanseatic, none of
the executive officers or directors of Hanseatic set forth in Annex
1 to the Amended Statement on Schedule 13D beneficially own any
shares of the Common Stock.
(c) On December 30, 1998, Hanseatic sold 2,748,923 shares
(the "Shares") of Common Stock in an open market brokerage
transaction in the over-the-counter market at a sale price of $2.75
per share (the "Sale").
(d) The right to receive or the power to direct the receipt
of the proceeds of the sale of the Shares (constituting, to the
best of the knowledge of the undersigned, 20.3% of the outstanding
Common Stock, based on an aggregate of 13,550,638 shares of Common
Stock outstanding as reported in the Corporation's most recent
Quarterly Report on Form 10-Q), is held (and, prior to the Sale,
the right to receive or the power to direct the receipt of
dividends from the Shares was held) by Hanseatic Americas LDC, a
Bahamian limited duration company in which the sole managing member
is Hansabel Partners LLC, a Delaware limited liability company in
which the sole managing member is Hanseatic.
(e) As a result of the Sale, on December 30, 1998 Hanseatic
and the Stockholder ceased to be the beneficial owners of more than
five percent of the Common Stock.
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Item 7. Materials to be Filed as Exhibits.
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Exhibit A - Agreement pursuant to Rule 13d-1(f)(iii)
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<PAGE>
SIGNATURE
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After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement
is true, complete and correct.
Dated: December 30, 1998 HANSEATIC CORPORATION
By s/Paul A. Biddelman
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Paul A. Biddelman, President
Dated: December 30, 1998 s/Wolfgang Traber
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Wolfgang Traber
EXHIBIT A
Pursuant to Rule 13d-1(f)(l)(iii) promulgated by the
Securities and Exchange Commission, the undersigned agree that the
statement to which this Exhibit is attached is filed on their
behalf and in the capacities set out herein below.
Dated: December 30, 1998 HANSEATIC CORPORATION
By s/Paul A. Biddelman
----------------------------
Paul A. Biddelman, President
Dated: December 30, 1998 s/Wolfgang Traber
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Wolfgang Traber
