U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
James Scibelli
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(Last) (First) (Middle)
One Hollow Lane, Suite 208
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(Street)
Lake Success, New York 11040
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
4/6/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Linkon Corporation (LKON)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
|_| Director |X| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
N/A
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
Common Stock, par value $0.001 per
share 1,680,000 shares (I) RG Capital Fund, LLC (I)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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* The shares are held by RG Capital Fund, LLC., a New York limited liability
company ("RG"). The Managing Member of RG is SG Capital Corp., a New York
corporation of which the Reporting Person is the sole shareholder, sole
director and sole officer.
<PAGE>
Form 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 7. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Purchase Warrants 4/6/98 10/6/99 Common Stock, par value 1,000,000 $1.50 (I) Roberts &
$0.001 per share Green, Inc. (2)
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</TABLE>
Explanation of Responses:
(2) The stock purchase warrants are held by Roberts & Green, Inc., a New York
corporation, of which the Reporting Person is the sole shareholder, sole
director and sole officer.
April 15, 1998 By: /s/ James Scibelli
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Date Name: James Scibelli
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
