<PAGE>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
Intrenet Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
461190100
(CUSIP Number)
Carolyn S. Reiser, Esq.
Shartsis Friese & Ginsburg LLP
One Maritime Plaza, 18th Floor
San Francisco, CA 94111
(415) 421-6500
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 6, 2000
(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(e), 13d-1(f) or 13d-1(g), check
the following box / /.
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 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).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
SEC 1746 (10-97)
<PAGE>
CUSIP No. 461190100 Page 2 of 16 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Vincent Andrew Carrino
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF, PF
---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 83,800
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 4,424,799
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 83,800
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,424,799
---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,508,599
---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.0%
---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 461190100 Page 3 of 16 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Brookhaven Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
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3 SEC USE ONLY
---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
---------------------------------------------------------------------------
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 OF ORGANIZATION
California
---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 4,285,599
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,285,599
---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,285,599
---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.5%
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14 TYPE OF REPORTING PERSON*
OO, IA
<PAGE>
CUSIP No. 461190100 Page 4 of 16 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Brookhaven Capital Management Co., Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
---------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 13,000
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
13,000
---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,000
---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, IA
<PAGE>
CUSIP No. 461190100 Page 5 of 16 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Watershed Partners, L.P.
---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
---------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
---------------------------------------------------------------------------
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 OF ORGANIZATION
Delaware
---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 2,604,298
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,604,298
---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,604,298
---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.3%
---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
<PAGE>
CUSIP No. 461190100 Page 6 of 16 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Piton Partners, L.P.
---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/
(b) / /
---------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 200,834
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
200,834
---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,834
---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
CUSIP No. 461190100 Page 7 of 16 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Watershed (Cayman) Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
---------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
---------------------------------------------------------------------------
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 OF ORGANIZATION
Cayman Islands
---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 1,069,487
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,069,487
---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,069,487
---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.1%
---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
CUSIP No. 461190100 Page 8 of 16 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Robert B. Fagenson
---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
---------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
---------------------------------------------------------------------------
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 OF ORGANIZATION
United States
---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 52,000
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 75,000
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 52,000
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
75,000
---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
127,000
---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.9%
---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
CUSIP No. 461190100 Page 9 of 16 Pages
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1 NAME OF REPORTING PERSON
IRS IDENTIFICATION NO. OF ABOVE PERSON
Gerald Anthony Ryan
---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/
(b) / /
---------------------------------------------------------------------------
3 SEC USE ONLY
---------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 180,000
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 180,000
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
180,000
---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2%
---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
CUSIP No. 461190100 Page 10 of 16 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock (the "Stock") of Intrenet
Inc. (the "Issuer"). The principal executive office of the Issuer is
located at 400 TechneCenter Drive, Suite 200, Milford, OH 45150. This
statement amends the statement on Schedule 13D filed on June 15, 2000.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in Instruction
C of Schedule 13D and, where applicable, their respective places of
organization, general partners, directors, executive officers and
controlling persons, and the information regarding them, are as follows:
(a) Brookhaven Capital Management Co., Ltd. ("BCM Co."), Brookhaven
Capital Management, LLC ("BCM, LLC"), Vincent Andrew Carrino ("Carrino"),
Watershed Partners, L.P. ("WP"), Piton Partners, L.P. ("PP"), Watershed
(Cayman) Ltd. ("WCL"), Robert B. Fagenson ("Fagenson") and Gerald Anthony
Ryan ("Ryan") (collectively, the "Filers").
(b) The business address of BCM Co., BCM, LLC, Carrino, PP and WP is
3000 Sandhill Road, Building 3, Suite 105, Menlo Park, CA 94025. The
business address of WCL is c/o Hemisphere Fund Managers Limited, 3rd Floor,
Harbour Centre, P.O. Box 30362, SMB, George Town, Cayman Islands. The
business address of Fagenson is 19 Rector Street, New York, NY 10006. The
business address of Ryan is 3230 W. Lake Road, Erie, PA 16505.
(c) Carrino is the president and sole shareholder of BCM Co. and the
manager and principal member of BCM, LLC. Fagenson is the Chairman of
Fagenson & Company, Inc. and an executive officer of Starr Securities, Inc.
Ryan is the Chairman Emeritus of Rent-Way, Inc. See Item 6 for an
additional description of the relationships among the Filers.
(d) During the last five years, none of the Filers has been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of the Filers was a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) Carrino, Fagenson and Ryan are citizens of the United States of
America. BCM Co. is a New York corporation. BCM, LLC is a California
limited liability company. WP and PP are Delaware limited partnerships.
WCL is a Cayman Islands exempted company.
<PAGE>
CUSIP No. 461190100 Page 11 of 16 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of funds used in purchasing the Stock were as
follows:
Purchaser Source of Funds Amount
BCM, LLC Funds under Management* $10,617,269
BCM Co. Working Capital $ 41,277
WP Working Capital $5,786,895
PP Working Capital $ 547,605
WCL Working Capital $2,801,026
Carrino Personal Funds $ 212,262
Fagenson Personal Funds $ 313,715
Ryan Personal Funds $ 476,250
*Includes funds of WP, PP, WCL and other advisory clients used to purchase
the Stock.
ITEM 4. PURPOSE OF TRANSACTION.
The Filers have discussed, and intend to continue to discuss, with
management and members of the Board of Directors of the Issuer, the
strategies the Issuer plans to employ to maximize shareholder value,
including, but not limited to, corporate acquisitions and expansion of its
existing operations.
The Filers entered into an agreement with the Issuer and certain other
shareholders of the Issuer dated as of March 18, 1999 (the "Shareholders
Agreement"), pursuant to which the parties agreed to vote the shares of
Common Stock over which they have voting power and take certain other
actions described in the Shareholders Agreement, a copy of which was
previously filed as Exhibit B. The other parties to the Shareholders
Agreement are the Issuer; Morgens, Waterfall, Vintiadis & Company, Inc.;
Phoenix Partners; Betje Partners; Phaeton International, N.V.; Morgens
Waterfall Vintiadis N.C.; Restart Partners, L.P.; Restart Partners II,
L.P.; Morgens Waterfall Income Partners; Allen Holding, Inc.; Allen &
Company, Inc.; Allen Value Partners, L.P.; Allen Value Limited; Philip
Scaturro; Ned N. Fleming, III; Eric C. Jackson; Thomas J. Noonan, Jr.;
Robert B. Fagenson; and Gerald Anthony Ryan. The Shareholders Agreement
was amended by a Consent of the parties effective February 17, 2000. A
copy of the Consent is attached hereto as Exhibit C and incorporated herein
by reference. The parties to the Shareholders Agreement have not agreed to
vote or act as a group with respect to any matters other than those
addressed in the Shareholders Agreement. The Filers understand that the
other parties to the Shareholders Agreement intend to file a Schedule 13D
reflecting their participation in the Shareholders Agreement. The Filers
specifically disclaim beneficial ownership of the shares of Common Stock
owned by the other parties to the Shareholders Agreement.
Subject to the Shareholders Agreement, the Filers may buy or sell
additional shares of Stock in the open market from time to time.
<PAGE>
CUSIP No. 461190100 Page 12 of 16 Pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Stock by each Filer at the date hereof is
reflected on that Filer's cover page. The Filers have effected the
following open market transaction in the Stock since January 7, 2000:
Purchase Number Price
Name or Sale Date of Shares per Share
Carrino S 01/07/00 3,000 $2.25
PP S 01/13/00 9,000 $2.875
BCM, LLC S 03/06/00 795,500 $1.0364
WCL P 03/06/00 300,000 $1.0364
BCM, LLC S 03/06/00 105,040 $1.0364
WP S 03/06/00 4,260 $1.0364
WP P 03/06/00 576,800 $1.0343
PP S 03/07/00 8,300 $2.4375
WP S 03/07/00 1,700 $2.4375
PP S 03/08/00 37,600 $2.429
BCM, LLC S 03/09/00 1,000 $2.5625
BCM, LLC P 03/09/00 1,000 $2.4063
WCL P 03/24/00 9,340 $2.2179
WCL S 04/06/00 157,500 $2.0
BCM, LLC P 04/06/00 10,000 $2.0062
WP P 04/06/00 155,000 $2.0062
WCL S 04/07/00 50,000 $2.25
WP P 04/07/00 50,000 $2.25
PP P 04/11/00 7,000 $2.125
WP P 04/11/00 5,500 $2.1023
WP P 04/24/00 7,400 $1.25
WCL P 04/25/00 14,000 $1.3739
BCM, LLC P 05/10/00 30,000 $2.0625
PP S 05/10/00 30,000 $2.0625
WP P 05/22/00 300 $1.75
In addition, the Filers effected the following acquisitions of Stock from
the Issuer in a private placement:
WP P 03/27/00 375,000 $2.00
Cayman P 03/27/00 125,000 $2.00
Ryan P 03/27/00 25,000 $2.00
Fagenson P 03/27/00 50,000 $2.00
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
BCM, LLC is a registered investment adviser whose clients, including WP, PP
and WCL, have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, the Stock. BCM, LLC is
the general partner of WP and PP, which are investment limited
partnerships. Carrino is the sole shareholder of BCM Co. and the sole
manager and majority member of BCM, LLC. No single client of BCM, LLC,
other than WP and WCL, holds more than 5 percent of the Stock.
<PAGE>
CUSIP No. 461190100 Page 13 of 16 Pages
The Filers have agreed to vote their shares of the Stock in support of the
policies and plans described in the Shareholders Agreement described Item
4.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G
(previously filed).
B. Agreement Among the Issuer, the Filers and Certain Other Shareholders
of the Issuer (previously filed).
C. Consent of parties to the Shareholders Agreement.
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify
that the information set forth in this statement is true, complete and
correct.
DATED: June 28, 2000
BROOKHAVEN CAPITAL MANAGEMENT /s/ Vincent Andrew Carrino
CO., LTD. Vincent Andrew Carrino
By: /s/ Vincent Andrew Carrino PITON PARTNERS, L.P.
Vincent Andrew Carrino By:Brookhaven Capital Management LLC
President By: /s/ Vincent Andrew Carrino
Vincent Andrew Carrino
Manager
BROOKHAVEN CAPITAL MANAGEMENT, LLC
By: /s/ Vincent Andrew Carrino
Vincent Andrew Carrino
Manager WATERSHED (CAYMAN) LTD.
WATERSHED PARTNERS, L.P. By: Brookhaven Capital
Management, LLC
By: Brookhaven Capital Management, LLC Attorney-in-Fact
General Partner By: /s/ Vincent Andrew Carrino
By: /s/ Vincent Andrew Carrino Vincent Andrew Carrino
Vincent Andrew Carrino Manager
Manager
By: /s/ Robert B. Fagenson
Robert B. Fagenson
By: /s/ Gerald Anthony Ryan
Gerald Anthony Ryan
<PAGE>
CUSIP No. 461190100 Page 14 of 16 Pages
EXHIBIT C
CONSENT
The undersigned persons each of whom is an "Other Shareholder" as that
term is defined by the Agreement dated March 18, 1999, by and among
Intrenet, Inc. (the "Company") and certain shareholders of the Company,
hereby consent to any member of the Brookhaven Group taking any of the
actions specified in Section 3 of the Agreement and agree that such section
shall no longer be in effect as of February 17, 2000.
MORGENS WATERFALL VINTIADIS & COMPANY, INC.
By: /s/ Edwin H. Morgens
Edwin H. Morgens, Chairman
PHOENIX PARTNERS
By: MW MANAGEMENT, LLC,
General Partner
By: /s/ Edwin H. Morgens
Edwin H. Morgens, Managing Member
BETJE PARTNERS
By: MORGENS WATERFALL VINTIADIS & COMPANY, INC., Investment Advisor
By: /s/ Edwin H. Morgens
Edwin H. Morgens, Chairman
PHAETON INTERNATIONAL, N.V.
By: MORGENS WATERFALL VINTIADIS & COMPANY, INC., Investment Advisor
By: /s/ Edwin H. Morgens
Edwin H. Morgens, Chairman
MORGENS WATERFALL VINTIADIS, N.C.
By: /s/ Edwin H. Morgens
Edwin H. Morgens, _____________
<PAGE>
CUSIP No. 461190100 Page 15 of 16 Pages
RESTART PARTNERS, L.P.
By: PRIME GROUP, L.P., General Partner
By: PRIME, INC., General Partner
By: /s/ Edwin H. Morgens
Edwin H. Morgens, Chairman
RESTART PARTNERS II, L.P.
By: PRIME GROUP II, L.P., General Partner
By: PRIME, INC., General Partner
By: /s/ Edwin H. Morgens
Edwin H. Morgens, Chairman
MORGENS WATERFALL INCOME PARTNERS
By: MW CAPITAL, LLC, General Partner
By: /s/ Edwin H. Morgens
Edwin H. Morgens, Managing Member
ALLEN HOLDINGS, INC.
By: __________________________
Name: ________________________
Its: _________________________
ALLEN & COMPANY, INC.
By: __________________________
Name: ________________________
Its: _________________________
ALLEN VALUE PARTNERS, L.P.
By: ALLEN VALUE, INC., General Partner
By: __________________________
Name: ________________________
Its: _________________________
<PAGE>
CUSIP No. 461190100 Page 16 of 16 Pages
ALLEN VALUE LIMITED
By: __________________________
Name: ________________________
Its: _________________________
/s/ Phillip Scaturro
Phillip Scaturro
/s/ Ned N. Fleming III
Ned N. Fleming III
/s/ Eric J. Jackson
Eric J. Jackson
/s/ Thomas J. Noonan, Jr.
Thomas J. Noonan, Jr.
4193\017\1105440
