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AS SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION
FOR FILING ON JUNE 9, 1998
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 2 TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
AMERICAN DIGITAL COMMUNICATIONS, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.0001 PER SHARE
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(Title of Class of Securities)
025369-10-9
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(CUSIP Number)
John G. Simmonds
Simmons Capital Limited
580 Granite Court
Pickering, Ontario CANADA
L1W 3Z4
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
JANUARY 28, 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 Statement because of Rule
13d-1(b)(3) or (4), check the following: |_|
CUSIP NO. 025369-10-9
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Simmons Capital Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_| (b)|_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* WC/OO (see Item 3 below)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO
ITEM 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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7 SOLE VOTING POWER
5,108,263 (see Item 5)
NUMBER OF --------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY N/A
OWNED BY --------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 5,108,263
PERSON --------------------------------
WITH 10 SHARED DISPOSITIVE POWER
N/A
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,108,263 (see Item 5)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.2% (see item 5)
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14 TYPE OF REPORTING PERSON*
CO
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SCHEDULE 13D
The Schedule 13D filed on November 8, 1996 (the "Schedule 13D") and amended on
June 8, 1998 ("Amendment No. 1") on behalf of Simmonds Capital Limited is
hereby further amended as follows:
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of the Schedule 13D is amended by inserting the following:
"On October 16, 1998 SCL concluded a debt settlement with Mees Pierson ICS Ltd.
which included the agreement that Mees Pierson may foreclose on 4,230,900 common
shares of ADC which had been pledged as collateral."
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Item 5. Interest in Securities of the Issuer
The first sentence of Item 5(a) of the Schedule 13D is amended by deleting the
reference therein to "7,153,763" and inserting in its stead "3,608,263" and
by deleting the reference therein to "29.6%" and inserting in its stead
"14.4%" and by deleting the reference therein to "33.9%" and inserting in
its stead "19.2%".
Item 5(a)/2/ of the Schedule 13D is amended and restated as follows:
Percentages are based upon an aggregate of 26,627,886 shares outstanding,
representing: (1) 25,127,886 shares of Common Stock reported outstanding as of
October 2, 1998 in ADC's Quarterly Report on Form 10-QSB for the quarter ended
August 31, 1998, and (2) the assumed exercise of 1,000,000 shares of Convertible
Preferred Stock, convertible into 1,000,000 shares of Common Stock, and warrants
to purchase an aggregate of 500,000 shares of Common Stock, each issued on
January 28, 1998.
Item 5(a) of the Schedule 13D is amended by inserting the following paragraph:
"On October 16, 1998 SCL concluded a debt settlement with Mees Pierson ICS Ltd.
which included the agreement that Mees Pierson may foreclose on 4,230,900 common
shares of ADC which had been pledged as collateral."
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth herein is true, complete and correct.
SIMMONDS CAPITAL LIMITED
October 22, 1998
/s/ David C. O'Kell
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David C. O'Kell, Executive Vice
President and Secretary
