SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
PICK Communications Corp.
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
74157D8
(CUSIP Number)
Greg Manning
Greg Manning Auctions, Inc.
775 Passaic Avenue
West Caldwell, New Jersey 07004
(973) 882-0004
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
May 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 Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box: [ ]
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SCHEDULE 13D
CUSIP No. 74157D8
1) NAME OF REPORTING PERSON
Greg Manning Auctions, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
22-2365834
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ] (b) [ ]
3) SEC USE ONLY
4) SOURCE OF FUNDS
WC
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 7) SOLE VOTING POWER
SHARES BENEFICIALLY 1,227,289 (See item 5)
OWNED BY
EACH REPORTING 8) SHARED VOTING POWER
PERSON WITH Not Applicable
9) SOLE DISPOSITIVE POWER
1,227,289 (See Item 5)
10) SHARED DISPOSITIVE POWER
Not Applicable
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,227,289 (See Item 5)
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8%
14) TYPE OF REPORTING PERSON
CO
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Schedule 13D
Item 1. Security and Issuer
The class of equity securities to which this Amendment to Statement on Schedule
13D (the "Statement") relates is the common stock, par value $0.001 per share
(the "Common Stock") of PICK Communications Corp. (the "Company"). Principal
executive offices of the Company are located at 115 Route 46 West, Suite A2,
Mountain Lakes, New Jersey 07046.
Item 2. Identity and Background
(a) Greg Manning Auctions, Inc.
(b) State of Organization: New York
Address: Greg Manning Auctions, Inc.
775 Passaic Avenue
West Caldwell, New Jersey 07006
(C) Principal Business Activity:
Specialty auction house for stamps, sports cards and
other collectibles.
(d) - (e) During the last five years, Greg Manning Auctions, Inc. has
neither been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) nor been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction which, as a result of such proceeding, rendered it
subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to,
Federal or state securities laws or finding any violation with
respect to such laws.
Item 3. Source and Amount of Funds or other Consideration
An aggregate of $250,000 was originally paid for the Common Stock. The
sum was paid from the working capital of the Company.
Item 4. Purpose of Transaction
The Common Stock was acquired and sold by Greg Manning Auctions, Inc.
for investment purposes.
Item 5. Interest in Securities of the Issuer
(a) On September 14, 1995, Greg Manning Auctions, Inc. acquired 4,500,000
shares of Common Stock, representing approximately 13.1% of the Common Stock.
(b) On December 15, 1995, Greg Manning Auctions, Inc. sold 27,711 shares of
Common Stock in a private transaction to an unrelated third party, resulting in
aggregate net proceeds of $81,704.
(C) On February 5, 1996, Greg Manning Auctions, Inc. sold 360,000 shares of
Common Stock in a private transaction to an unrelated third party, resulting in
aggregate net proceeds of $1,008,000.
(d) Greg Manning Auctions, Inc. sold in the market the following shares of
Common Stock (aggregating 2,885,000 shares) on the following dates at the then-
current market price, resulting in aggregate net proceeds of $1,483,594:
5/4/98 50,000
5/6/98 300,000
5/7/98 20,000
5/14/98 20,000
5/18/98 5,000
5/28/98 10,000
06/01/98 10,000
06/05/98 50,000
06/08/98 15,000
06/10/98 25,000
06/16/98 500,000
06/16/98 250,000
06/16/98 50,000
06/18/98 150,000
06/19/98 200,000
06/22/98 25,000
06/24/98 50,000
07/15/98 25,000
07/16/98 15,000
07/21/98 50,000
07/22/98 35,000
07/23/98 10,000
07/28/98 15,000
07/30/98 200,000
07/31/98 125,000
08/19/98 20,000
08/20/98 40,000
08/21/98 100,000
08/25/98 20,000
08/27/98 50,000
08/31/98 100,000
09/08/98 100,000
09/21/98 75,000
10/05/98 125,000
10/07/98 50,000
Accordingly, at the date hereof, Greg Manning Auctions, Inc. beneficially owns
an aggregate of 1,227,289 shares, representing approximately 2.8% of the Common
Stock.
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SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: November 4, 1998
GREG MANNING AUCTINS, INC.
/s/ Greg Manning
Greg Manning
Chairman, President and
Chief Executive Officer
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SCHEDULE I
EXECUTIVE OFFICERS AND DIRECTORS
GREG MANNING AUCTIONS, INC. ("GMAI")
The name and present principal occupation or employment of each of the executive
officers and directors of GMAI is set forth below. The business address of each
such person in c/o GMAI, 775 Passaic Avenue, West Caldwell, new Jersey 07006.
Position and Present Principal Occupation or
Name Employment
Greg Manning (1) Chairman of the Board, President and Chief
Executive Officer of GMAI
William T. Tully, Jr. Director, Executive Vice President and Chief
Operating Officer of GMAI
James A. Smith Chief Financial Officer of GMAI
David C. Graham Senior Vice President of GMAI
Albertino de Figueiredo Director of GMAI; Chairman of the Board of Afinsa
Bienes Tangibles S.A. and its subsidiaries
Scott S. Rosenblum Director of GMAI; Partner of Kramer, Levin,
Naftalis & Frankel, LLP.
Anthony L. Bongiovanni Director of GMAI; President of Micro Strategies
Inc.
Leon Liebman Director of GMAI
(1) Mr. Manning resigned as a director of the Issuer during the year ended
June 30, 1997.
During the last five years, no director or officer has been convicted in a
criminal proceeding (excluding traffic violations and similar misdemeanors) or
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction which, as a result of such proceeding, rendered him
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, Federal or state securities laws
or finding any violation with respect to such laws.
