UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
Amendment No. 3
I-Link Incorporated
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(Name of Issuer)
Common Stock Par Value $.007 Per Share
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(Title of Class of Securities)
Niklaus F. Zenger
Chief Executive Officer
Red Cube International AG
Bahnhofstrasse 10 CH-6300 Zug
Switzerland
+33 411 500 5000
Copy to:
George H. White
Sullivan & Cromwell
St. Olave's House
9a Ironmonger Lane
London EC2V 8EY, England
+44 207 710 6570
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 16, 2001
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(Date of Event which Requires Filing of this Statement)
If a filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D/A, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
<PAGE>
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CUSIP NO. NOT APPLICABLE PAGE 2 OF 7 PAGES
------------------------ -------------------
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RED CUBE INTERNATIONAL AG
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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. SOURCE OF FUNDS OO
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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
SWITZERLAND
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 51,834,103
OWNED BY
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 51,834,103
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
51,834,103
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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)
64.8%
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14. TYPE OF REPORTING PERSON
HC;CO
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2
<PAGE>
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CUSIP NO. NOT APPLICABLE PAGE 3 OF 7 PAGES
------------------------ -------------------
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KPR FINANZ-UND VERWALTUNGS AG
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
(B) [x]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d)OR 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
SWITZERLAND
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 51,834,103
OWNED BY
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 51,834,103
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
51,834,103
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.8%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC;CO
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3
<PAGE>
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CUSIP NO. NOT APPLICABLE PAGE 4 OF 7 PAGES
------------------------ -------------------
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NIKLAUS F. ZENGER
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
(B) [x]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d)OR 2(e) [ ]
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
SWITZERLAND
--------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 51,834,103
OWNED BY
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------------------
10. SHARED DISPOSITIVE POWER 51,834,103
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
51,834,103
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
64.8%
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
HC;IN
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4
<PAGE>
Item 1. Security and Issuer.
-------------------
This Schedule 13D/A-3 relates to the Common Stock par value $.007 per
share (the "I-Link Common Stock") of I-Link Incorporated, a Florida corporation
("I-Link"), and amends and supplements the Schedule 13D/A filed by the Reporting
Persons with the Securities and Exchange Commission on November 7, 2000, as
amended by Schedule 13D/A-2, filed on December 29, 2000 (the "Schedule 13D/A").
All capitalized terms used in this Schedule 13D/A-3 and not otherwise defined
herein have the meanings ascribed to such terms in Schedule 13D/A. Except as
amended and supplemented herein, that statement remains in full force and
effect.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Item 3 is hereby amended and supplemented by adding the following at the end
thereof:
Item 4 as amended by this Schedule 13D/A-3 is incorporated by reference
herein.
Item 4. Purpose of Transaction.
----------------------
Item 4 is hereby amended and supplemented by adding the following at the end
thereof:
On January 16, 2000, Red Cube received from Winter Harbor a notice of
termination of the Securities Purchase Agreement (the "Notice of Termination").
In the Notice of Termination Winter Harbor claims that an alleged breach of the
Securities Purchase Agreement by Red Cube entitles Winter Harbor to terminate
the contract.
Red Cube believes that no such breach of the Securities Purchase
Agreement by Red Cube has taken place and believes that, as a result, Winter
Harbor is not entitled to terminate the Securities Purchase Agreement and that
the Notice of Termination does not have any effect. Red Cube maintains that the
Securities Purchase Agreement is still a binding contract in all respects,
subject to the resolution of the dispute now before a mediation panel of the
American Arbitration Association.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Item 5 is hereby amended and supplemented by adding the following at the end
thereof:
Red Cube, for the reasons described above under Item 4, believes that
the Notice of Termination has not terminated the Securities Purchase Agreement
and that Red Cube is still the beneficial owner of all of the I-Link securities
to be acquired pursuant to the Securities Purchase Agreement and subject to the
outcome of the current mediation proceedings.
5
<PAGE>
SIGNATURES
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.
Dated: January 19, 2001 Red Cube International AG
a Swiss corporation
By: /s/ Niklaus F. Zenger
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Name: Niklaus F. Zenger
Title: Chief Executive
Officer
KPR Finanz-Und Verwaltungs AG
a Swiss corporation
By: /s/ Niklaus F. Zenger
--------------------------------
Name: Niklaus F. Zenger
By: /s/ Niklaus F. Zenger
--------------------------------
Name: Niklaus F. Zenger
6
