SOFTLOCK COM INC
SC 13G, 2000-03-22
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<PAGE>


                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 SCHEDULE 13G
                                (Rule 13d-102)


            Information Statement Pursuant to Rules 13d-1 and 13d-2
                   Under the Securities Exchange Act of 1934
                             (Amendment No._____)*


                              SOFTLOCK.COM, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                         Common Stock, Par Value $0.01
- --------------------------------------------------------------------------------
                         (itle of Class of Securities)

                                   31655500
                        ------------------------------
                                (CUSIP Number)

                                March 15, 2000
- --------------------------------------------------------------------------------
             Date of Event Which Requires Filing of this Statement


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [_] Rule 13d-1(b)
     [X] Rule 13d-1(c)
     [_] Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                                 Page 1 of 16
<PAGE>

- ----------------------                                         ----------------
  Cusip No. 31655500                                             Page 2 of 16
- ----------------------                                         ----------------

- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Name RAM Trading, Ltd.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [X]
                                                                (b) [_]

- ------------------------------------------------------------------------------
      SEC USE ONLY
 3

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          Cayman Islands corporation
          Cayman Islands
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                0

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          17,500 shares of Series B Convertible Preferred Stock,
     OWNED BY             par value $0.01 (convertible into 1,413,342 shares of
                          Common Stock)/(1)/
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 0

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          See Row 6 above.
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      See Row 6 above.
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10
      CERTAIN SHARES/(1)/                                           [X]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      Approximately 9.9% as of the date of filing of this statement. (Based on
      12,862,841 shares of Common Stock issued and outstanding as of March 14,
      2000, plus the Common Stock issuable upon the conversion of the shares of
      Series B Convertible Preferred Stock referred to in Row 6 above.)
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
                    CO
- ------------------------------------------------------------------------------

                                 Page 2 of 16
<PAGE>

- ----------------------                                         ----------------
  Cusip No. 31655500                                             Page 3 of 16
- ----------------------                                         ----------------

- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Name RC Capital, L.L.C.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [X]
                                                                (b) [_]

- ------------------------------------------------------------------------------
      SEC USE ONLY
 3

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          Illinois limited liability company
          U.S.A.
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                0

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          17,500 shares of Series B Convertible Preferred Stock,
     OWNED BY             par value $0.01 (convertible into 1,413,342 shares of
                          Common Stock)/(1)/
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 0

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          See Row 6 above.
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      See Row 6 above.
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10
      CERTAIN SHARES/(1)/                                           [X]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      Approximately 9.9% as of the date of filing of this statement. (Based on
      12,862,841 shares of Common Stock issued and outstanding as of March 14,
      2000, plus the Common Stock issuable upon the conversion of the shares of
      Series B Convertible Preferred Stock referred to in Row 6 above.)
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
                    OO
- ------------------------------------------------------------------------------

                                 Page 3 of 16
<PAGE>

- ----------------------                                         ----------------
  Cusip No. 31655500                                             Page 4 of 16
- ----------------------                                         ----------------

- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Name Ritchie Capital Management, L.L.C.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [X]
                                                                (b) [_]

- ------------------------------------------------------------------------------
      SEC USE ONLY
 3

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          Delaware limited liability company
          U.S.A.
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                0

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          17,500 shares of Series B Convertible Preferred Stock,
     OWNED BY             par value $0.01 (convertible into 1,413,342 shares of
                          Common Stock)/(1)/
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 0

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          See Row 6 above.
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      See Row 6 above.
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10
      CERTAIN SHARES/(1)/                                           [X]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      Approximately 9.9% as of the date of filing of this statement. (Based on
      12,862,841 shares of Common Stock issued and outstanding as of March 14,
      2000, plus the Common Stock issuable upon the conversion of the shares of
      Series B Convertible Preferred Stock referred to in Row 6 above.)
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
                    OO
- ------------------------------------------------------------------------------

                                 Page 4 of 16
<PAGE>

- ----------------------                                         ----------------
  Cusip No. 31655500                                             Page 5 of 16
- ----------------------                                         ----------------

- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Name RAM Capital, L.L.C.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [X]
                                                                (b) [_]

- ------------------------------------------------------------------------------
      SEC USE ONLY
 3

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          Illinois limited liability company
          U.S.A.
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                0

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          17,500 shares of Series B Convertible Preferred Stock,
     OWNED BY             par value $0.01 (convertible into 1,413,342 shares of
                          Common Stock)/(1)/
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 0

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          See Row 6 above.
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      See Row 6 above.
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10
      CERTAIN SHARES/(1)/                                           [X]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      Approximately 9.9% as of the date of filing of this statement. (Based on
      12,862,841 shares of Common Stock issued and outstanding as of March 14,
      2000, plus the Common Stock issuable upon the conversion of the shares of
      Series B Convertible Preferred Stock referred to in Row 6 above.)
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
                    OO; BD
- ------------------------------------------------------------------------------

                                 Page 5 of 16
<PAGE>

- ----------------------                                         ----------------
  Cusip No. 31655500                                             Page 6 of 16
- ----------------------                                         ----------------

- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Name RAM Capital Investments, Ltd.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [X]
                                                                (b) [_]

- ------------------------------------------------------------------------------
      SEC USE ONLY
 3

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          Cayman Islands corporation
          Cayman Islands
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                0

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          17,500 shares of Series B Convertible Preferred Stock,
     OWNED BY             par value $0.01 (convertible into 1,413,342 shares of
                          Common Stock)/(1)/
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 0

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          See Row 6 above.
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      See Row 6 above.
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10
      CERTAIN SHARES/(1)/                                           [X]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      Approximately 9.9% as of the date of filing of this statement. (Based on
      12,862,841 shares of Common Stock issued and outstanding as of March 14,
      2000, plus the Common Stock issuable upon the conversion of the shares of
      Series B Convertible Preferred Stock referred to in Row 6 above.)
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
                    CO
- ------------------------------------------------------------------------------

                                 Page 6 of 16
<PAGE>

- ----------------------                                         ----------------
  Cusip No. 31655500                                             Page 7 of 16
- ----------------------                                         ----------------

- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Name Ritchie Capital Investments, L.L.C.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [X]
                                                                (b) [_]

- ------------------------------------------------------------------------------
      SEC USE ONLY
 3

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          Delaware limited liability company
          U.S.A.
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                0

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          17,500 shares of Series B Convertible Preferred Stock,
     OWNED BY             par value $0.01 (convertible into 1,413,342 shares of
                          Common Stock)/(1)/
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 0

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          See Row 6 above.
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      See Row 6 above.
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10
      CERTAIN SHARES/(1)/                                           [X]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      Approximately 9.9% as of the date of filing of this statement. (Based on
      12,862,841 shares of Common Stock issued and outstanding as of March 14,
      2000, plus the Common Stock issuable upon the conversion of the shares of
      Series B Convertible Preferred Stock referred to in Row 6 above.)
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
                    OO
- ------------------------------------------------------------------------------

                                 Page 7 of 16
<PAGE>

- ----------------------                                         ----------------
  Cusip No. 31655500                                             Page 8 of 16
- ----------------------                                         ----------------

- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Name THR, Inc.
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [X]
                                                                (b) [_]

- ------------------------------------------------------------------------------
      SEC USE ONLY
 3

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          Illinois corporation
          U.S.A.
- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                0

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          17,500 shares of Series B Convertible Preferred Stock,
     OWNED BY             par value $0.01 (convertible into 1,413,342 shares of
                          Common Stock)/(1)/
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 0

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          See Row 6 above.
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      See Row 6 above.
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10
      CERTAIN SHARES/(1)/                                           [X]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      Approximately 9.9% as of the date of filing of this statement. (Based on
      12,862,841 shares of Common Stock issued and outstanding as of March 14,
      2000, plus the Common Stock issuable upon the conversion of the shares of
      Series B Convertible Preferred Stock referred to in Row 6 above.)
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
                    CO
- ------------------------------------------------------------------------------

                                 Page 8 of 16
<PAGE>

- ----------------------                                         ----------------
  Cusip No. 31655500                                             Page 9 of 16
- ----------------------                                         ----------------

- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Name A. R. Thane Ritchie
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [X]
                                                                (b) [_]

- ------------------------------------------------------------------------------
      SEC USE ONLY
 3

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          U.S. Citizen

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                0

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          17,500 shares of Series B Convertible Preferred Stock,
     OWNED BY             par value $0.01 (convertible into 1,413,342 shares of
                          Common Stock)/(1)/
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 0

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          See Row 6 above.
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
      See Row 6 above.
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10
      CERTAIN SHARES/(1)/                                           [X]
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
      Approximately 9.9% as of the date of filing of this statement. (Based on
      12,862,841 shares of Common Stock issued and outstanding as of March 14,
      2000, plus the Common Stock issuable upon the conversion of the shares of
      Series B Convertible Preferred Stock referred to in Row 6 above.)
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12
                    IN
- ------------------------------------------------------------------------------

                                 Page 9 of 16

<PAGE>

- -----------------------                                        -----------------
 Cusip No. 31655500                                              Page 10 of 16
- -----------------------                                        -----------------

                                 SCHEDULE 13G
                                 ------------


Item 1(a)  Name of Issuer: SOFTLOCK.COM, INC.


     1(b)  Address of Issuer's Principal Executive Offices:

                    5 Clock Tower Place
                    Suite 440
                    Maynard, MA 01754

Item 2(a)  Name of Person Filing
Item 2(b)  Address of Principal Business Office
Item 2(c)  Citizenship

                    RAM Trading, Ltd.
                    c/o Caledonian Bank & Trust Limited
                    Caledonian House
                    P.O. Box 1043
                    George Town, Grand Cayman
                    Cayman Islands corporation

                    RC Capital, L.L.C.
                    210 East State Street
                    Batavia, Illinois 60510
                    Illinois limited liability company

                    Ritchie Capital Management, L.L.C.
                    210 East State Street
                    Batavia, Illinois 60510
                    Delaware limited liability company

                    RAM Capital, L.L.C.
                    210 East State Street
                    Batavia, Illinois 60510
                    Illinois limited liability company

                                 Page 10 of 16
<PAGE>

- ----------------------                                        ------------------
 Cusip No. 31655500                                              Page 11 of 16
- ----------------------                                        ------------------


                    RAM Capital Investments, Ltd.
                    c/o Caledonian Bank & Trust Limited
                    Caledonian House
                    P.O. Box 1043
                    George Town, Grand Cayman
                    Cayman Islands corporation

                    Ritchie Capital Investments, L.L.C.
                    210 East State Street
                    Batavia, Illinois 60510
                    Delaware limited liability company

                    THR, Inc.
                    210 East State Street
                    Batavia, Illinois 60510
                    Illinois corporation

                    A.R. Thane Ritchie
                    210 East State Street
                    Batavia, Illinois 60510
                    U.S. Citizen


   2(d)  Title of Class of Securities:

                    Common Stock, par value $0.01 per share

   2(e)  CUSIP Number:  31655500


Item 3   If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:


         (a)   [__]   Broker or dealer registered under Section 15 of the
                      Exchange Act;

         (b)   [__]   Bank as defined in Section 3(a)(6) of the Exchange Act;

         (c)   [__]   Insurance company as defined in Section 3(a)(19) of the
                      Exchange Act;

         (d)   [__]   Investment company registered under Section 8 of the
                      Investment Company Act;

         (e)   [__]   An investment adviser in accordance with Rule 13d-
                      1(b)(1)(ii)(E);
<PAGE>


- ----------------------                                      -------------------
 Cusip No. 31655500                                            Page 12 of 16
- ----------------------                                      -------------------

         (f)   [__]   An employee benefit plan or endowment fund in accordance
                      with Rule 13d-1(b)(1)(ii)(F);

         (g)   [__]   A parent holding company or control person in accordance
                      with Rule 13d-1(b)(ii)(G);

         (h)   [__]   A savings association as defined in Section 3(b) of the
                      Federal Deposit Insurance Act;

         (i)   [__]   A church plan that is excluded from the definition of an
                      investment company under Section 3(c)(14) of the
                      Investment Company Act;

         (j)   [__]   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

         If this statement is filed pursuant to Rule 13d-1(c), check this box.
         [X]

Item 4   Ownership:

RAM TRADING, LTD.
RC CAPITAL, L.L.C.
RITCHIE CAPITAL MANAGEMENT, L.L.C.
RAM CAPITAL, L.L.C.
RAM CAPITAL INVESTMENTS, LTD.
RITCHIE CAPITAL INVESTMENTS, L.L.C.
THR, INC.
A.R. THANE RITCHIE

    (a)  Amount beneficially owned:

17,500 shares of Series B Convertible Preferred Stock, $0.01 par value
(convertible into 1,413,342 shares of Common Stock(1))

    (b)  Percent of Class:

Approximately 9.9% as of the date of filing of this statement.  (Based on
12,862,841 shares of Common Stock issued and outstanding as of March 14, 2000,
plus the Common Stock issuable upon the conversion of the Series B Convertible
Preferred Stock.)

    (c)  Number of shares as to which such person has:

         (i)   sole power to vote or to direct the vote:

                    0

                                 Page 12 of 16
<PAGE>

- -----------------------                                        -----------------
 Cusip No. 31655500                                              Page 13 of 16
- -----------------------                                        -----------------


         (ii)  shared power to vote or to direct the vote:

               See item (a) above.

         (iii) sole power to dispose or to direct the disposition of:

                    0

         (iv)  shared power to dispose or to direct the disposition of:

               See item (a) above.

(1)  The securities reported herein include securities that the holders may
acquire in the future through the conversion of the shares of Series B
Convertible Preferred Stock into shares of Common Stock at a conversion price
equal to $1.60 per share (subject to equitable adjustments) (the "Conversion
Price").

     The beneficial ownership reported by the Reporting Persons is based on the
Conversion Price of the outstanding shares of Common Stock after conversion and,
is based on 12,862,841 shares of Common Stock outstanding on March 14, 2000. The
beneficial ownership reported by the Reporting Persons also is based upon
certain letter agreements between the Reporting Persons and the Issuer, pursuant
to the terms of which the Reporting Persons cannot be "beneficial owners" of
more than 9.9% of the securities of the Company within the meaning of Rule 13-d.

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.

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:

                    Not Applicable.

Item 9  Notice of Dissolution of Group:

                    Not Applicable.

                                 Page 13 of 16
<PAGE>

- -----------------------                                        ----------------
  Cusip No. 31655500                                             Page 14 of 16
- -----------------------                                        ----------------


Item 10   Certification:

     By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

                                 Page 14 of 16

<PAGE>

- -----------------------                                        ----------------
  Cusip No. 31655500                                             Page 15 of 16
- -----------------------                                        ----------------


     After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.

Dated this 21 day of March, 2000


 RAM TRADING, LTD.                           RAM CAPITAL, L.L.C.

 By: Ritchie Capital Management, L.L.C.,     By: Ritchie Capital Management,
     its Investment Manager                      L.L.C., its Investment Manager

     By: THR, Inc.                               By: THR, Inc.

         By: /s/ A.R. Thane Ritchie                  By: /s/ A.R. Thane Ritchie
            ----------------------------                 -----------------------
           A.R. Thane Ritchie, President                 A.R. Thane Ritchie,
                                                         President


RC CAPITAL, L.L.C.                           RAM CAPITAL INVESTMENTS, LTD.

By: Ritchie Capital Investments, L.L.C.,     By: Ritchie Capital Management,
    its Manager                                  L.L.C., its Investment Manager

    By: Ritchie Capital Management, L.L.C.,      By: THR, Inc.
        its Manager

        By: THR, Inc.                              By: /s/ A.R. Thane Ritchie
                                                     --------------------------
        By:  /s/ A.R. Thane Ritchie                    A.R. Thane Ritchie,
           -------------------------------             President
             A.R. Thane Ritchie, President




RITCHIE CAPITAL MANAGEMENT,                   RITCHIE CAPITAL INVESTMENTS,
L.L.C.                                        L.L.C.

By: THR, Inc.                                 By: Ritchie Capital Management,
                                                  L.L.C., its Manager
   By: /s/ A.R. Thane Ritchie
      -------------------------------
      A.R. Thane Ritchie, President               By: THR, Inc.

                                                      By: /s/ A.R. Thane Ritchie
                                                         -----------------------
                                                          A.R. Thane Ritchie,
                                                          President

                                              THR, INC.

                                              By:  /s/ A.R. Thane Ritchie
                                                  ------------------------------
                                                   A.R. Thane Ritchie, President

                                 Page 15 of 16
<PAGE>

- ------------------------                                       -----------------
  Cusip No. 31655500                                             Page 16 of 16
- ------------------------                                       -----------------

                                              A.R. THANE RITCHIE

                                               /s/ A.R. Thane Ritchie
                                              ----------------------------------

                                 Page 16 of 16



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