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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Information Statement pursuant to
Rule 13d-1 and 13d-2
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DISCAS, INC.
(Name of Issuer)
COMMON STOCK, $.0001 PAR VALUE
(Title of Class of Securities)
254607104
(CUSIP Number)
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(Continued on following pages)
(Page 1 of 6 Pages)
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Page 2 of 6 Pages
SCHEDULE 13G
CUSIP NO. 254607104
1. NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
MANTIS V, L.L.C.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
101,250 shares of common stock, par value $.0001
and on 85,000 shares of common stock, par value
$.0001, issuable upon exercise of warrants at
NUMBER OF $2.25/share.
SHARES ------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY None
EACH ------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 364,500 shares of common stock, par value $.0001
and on 85,000 shares of common stock, par value
$.0001, issuable upon exercise of warrants at
$2.25/share.
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8. SHARED DISPOSITIVE POWER
None
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
449,500 including warrants to purchase 85,000 shares of common stock,
par value $.0001 and 263,250 shares as to which filer has granted
voting rights to another person
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.6%
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12. TYPE OF REPORTING PERSON
OO
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Page 3 of 6 Pages
ITEM 1(A). NAME OF ISSUER.
Discas, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
567-1 South Leonard Street
Waterbury, Conn. 06708
ITEM 2(A). NAME OF PERSON FILING.
The reporting person is - Mantis V, L.L.C.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE,
RESIDENCE.
The mailing address of Mantis V, L.L.C. is:
Mantis V, L.L.C.
c/o Mantis Holdings, Inc.
250 Park Avenue, 12th Floor
New York, NY 10177
ITEM 2(C). CITIZENSHIP.
Not Applicable
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
Common Stock, par value $.0001 per share; Warrants
to purchase Common Stock, par value $.0001 per share
at $2.25 per share
ITEM 2(E). CUSIP NUMBER.
254607104 - Common Stock, par value $.0001
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable. This statement is filed pursuant to
Rule 13d-1(c).
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Page 4 of 6 Pages
ITEM 4. OWNERSHIP
(a) Amount beneficially owned by reporting person as of
May 6, 1997:
449,500 shares, consisting of 364,500 shares plus
85,000 shares of Common Stock, $.0001 par value,
issuable upon exercise of warrants.
(b) Percent of Class: 13.6%
(c) Number of shares as to which such
person has:
(i) Sole power to direct the vote:
101,250 shares of common stock, par value
$.0001 and on 85,000 shares of common stock,
par value $.0001, issuable upon exercise of
warrants at $2.25/share.
(ii) Shared power to vote or to
direct the vote:
None
(iii) Sole power to dispose
or direct the
disposition of:
364,500 shares of common stock, par value
$.0001 and on 85,000 shares of common stock,
par value $.0001, issuable upon exercise of
warrant at $2.25/share.
(iv) Shared power to dispose or
direct the disposition of:
None
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
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Page 5 of 6 Pages
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.
Filer disclaims group status as to 263,250 shares owned by
filer which are subject to a voting trust in favor of
Issuer's Chairman and C.E.O., Patrick A. DePaolo. Filer
expressly affirms group status as to Mantis Partners III,
L.P., its managing member, which is the beneficial owner of
129,125 shares and 3,187 warrants owned of record by filer.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
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Page 6 of 6 Pages
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: , 1997
MANTIS V, L.L.C.
By: Mantis Partners III, L.P.
Its: Managing Member
By: /s/ Alan Milton
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Alan Milton
General Partner
Affirmed as to Item 8:
Mantis Partners III, L.P.
By: /s/ Alan Milton
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General Partner
