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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2000
OR
[ ] TRANSITION REPORT PURSANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File No. 0-18303
GOLF ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 11-2990598
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
2500 Northwinds Parkway
Three Northwinds Center, Suite 175
Alpharetta, Georgia 30004-2245
(Address of principal executive offices)
(Zip Code)
Indicate by check mark whether the registrant (1) has filed all reports to be
filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.
Yes [X] No [ ]
There were 5,841,711 shares of Common Stock ($0.01 par value) outstanding as of
July 21, 2000.
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Item 5. Other Information
Since February 4, 1999, LEC Acquisition LLC has exercised warrants to
purchase $735,000 face amount of 6% Convertible Debentures and immediately
exercised its option to convert such debentures into 2,450,000 shares of the
Company's restricted common stock. As of July 21, 2000, LEC Acquisition LLC is
registered owner of 2,724,599 shares of the Company's common stock. Mr. Farrell,
as the managing member of LEC Acquisition LLC, exercises voting control over
shares held by LEC Acquisition LLC. Additionally, pursuant to the terms of the
operating agreement of the LLC, RGF Investments, Inc., a member of the LLC, will
receive and Mr. Farrell may receive shares of Common Stock at such time as the
LLC distributes shares of Common Stock to its members. Mr. Farrell has
disclaimed beneficial ownership of shares owned by LEC Acquisition, LLC.
On August 17, 1999, the Company was notified by the Nasdaq SmallCap
Market that the Company did not comply with the bid price requirement, as set
forth in Nasdaq Marketplace Rule 4310 (c) (04). On January 28, 2000, the
Company's common stock was delisted and became immediately eligible to trade on
the OTC Bulletin Board. Currently, the Company's common stock is trading on the
Nasdaq OTC Bulletin Board.
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
EX-27.1 Restated Financial Data Schedule (for SEC use only)
(b) Reports on Form 8-K
None.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GOLF ENTERTAINMENT, INC.
(Registrant)
Date: August 21, 2000 /s/ Ronald G. Farrell
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Ronald G. Farrell
Chief Executive Officer
(Principal Executive Officer)
Date: August 21, 2000 /s/ Scott A. Lane
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Scott A. Lane
Chief Financial Officer
(Principal Financial and Accounting Officer)
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