GLOBAL INTELLICOM INC
SC 13G, 1998-12-15
COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. __)

                             GLOBAL INTELLICOM, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, $.01 par value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    379337108
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 August 5, 1998
- --------------------------------------------------------------------------------
             (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)


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CUSIP No.       379337108              13G
          ----------------------


1.       Name of Reporting Person

                  Bronia GmbH

         I.R.S. Identification No. of Above Person (entities only)


2.       Check the Appropriate Box if a Member of a Group             (a) [   ]
                                                                      (b) [ x ]

3.       SEC Use Only


4.       Citizenship or Place of Organization

                  Bahamas


Number of Shares           5.   Sole Voting Power

 Beneficially                               2,702,780 (see Note A)

Owned by Each              6.   Shared Voting Power

Reporting Person                            N/A

     With                  7.   Sole Dispositive Power

                                            2,702,780 (see Note A)

                           8.   Shared Dispositive Power

                                            N/A


9.       Aggregate Amount Beneficially Owned by Each Reporting Person

                                            2,702,780 (see Note A)


10.      Check if the Aggregate Amount in Row 9 Excludes Certain Shares    [   ]


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11.      Percent of Class Represented by Amount in Row 9

                  19.9% (see Note A)

12.      Type of Reporting Person

                  CO



ITEM 1            (a)      NAME OF ISSUER

                           GLOBAL INTELLICOM, INC.


                  (b)      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

                           747 Third Avenue
                           New York, NY 10017


ITEM 2            (a)      NAME OF PERSON FILING

                           Bronia GmbH


                  (b)      ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
                           RESIDENCE

                           Baarerstrasse 73, Postfach 2121
                           6302 Zug, Switzerland


                  (c)      CITIZENSHIP

                           Bahamas


                  (d)      TITLE OF CLASS OF SECURITIES

                           Common Stock, $.01 par value


                  (e)      CUSIP NUMBER

                           379337108


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ITEM 3            If This Statement is Filed Pursuant to Rule 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 Act

         (b)      [ ] Bank as defined in section 3(a)(6) of the Act

         (c)      [ ] Insurance company as defined in section 3(a)(19) of the
                      Act

         (d)      [ ] Investment company registered under section 8 of the
                      Investment Company Act of 1940

         (e)      [ ] An investment adviser in accordance with Rule
                      13d-1(b)(1)(ii)(E)

         (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)(1)(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 of 1940

         (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

         (a)      Amount beneficially owned:

                  2,702,780 (see Note A)

         (b)      Percent of class:

                  19.9% (see Note A)


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

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

                              2,702,780 (see Note A)

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

                                      N/A

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

                              2,702,780 (see Note A)

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

                                      N/A


ITEM 5            OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

         If this statement is being filed to report the fact that as of the date
         hereof the reporting person has ceased to be the beneficial owner of
         more than five percent of the class of securities, check the following
         [ ]


ITEM 6            OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
                  PERSON

                  N/A


ITEM 7            IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
                  ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
                  HOLDING COMPANY

                  N/A


ITEM 8            IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

                  N/A


ITEM 9            NOTICE OF DISSOLUTION OF GROUP

                  N/A


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
                  are not being 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.

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                                    SIGNATURE


         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.

  
                                                    December 11, 1998
                                            ------------------------------------
                                                          (Date)

                                         BRONIA GmbH

                                         By:       s/Bernard Muller
                                            ------------------------------------
                                                         (Signature)

                                                  Bernard Muller, President
                                            ------------------------------------
                                                        (Name/Title)


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                                     NOTE A


This Form 13G represents ownership by the Reporting Person of 230,558 shares
(2.1%) of the Common Stock (including shares issued and/or to be issued in
connection with a recent conversion of Series 6 Preferred Stock ("Series 6
Stock")) of the Issuer.

In addition, the Reporting Person holds Series 6 Stock having a liquidation
preference of $887,500 and Series 11 Preferred Stock ("Series 11 Stock") having
a liquidation preference of $300,000.

Under the terms of the Certificate of Designations for the Series 6 Stock,
shares of Series 6 Stock are generally convertible into shares of Common Stock
of the Issuer, where conversions are effected at a conversion rate equal to 75%
of the average of the closing bid price of a share of Common Stock of the Issuer
during the 5 trading days immediately prior to the date of conversion by the
holder. Such shares Series 6 Stock, however, are not currently fully convertible
into shares of Common Stock of the Issuer by the holder, because Section 5 of an
August 5, 1998 Agreement between the Reporting Person and the Issuer restricts
the rights of the Reporting Person to convert if, as a result of such conversion
(but without giving effect to shares issuable upon conversions not yet
submitted), the holder and its affiliates would have actual ownership of more
than 9.9% of the outstanding shares of Common Stock of the Issuer. Were such
restriction not applicable, the Reporting Person would, based on current market
prices of such Common Stock at about $0.60 per share, be able to convert its
Series 6 Stock into 1,972,222 shares of Common Stock.

Under the terms of the Certificate of Designations for the Series 11 Stock,
shares of Series 11 Stock are generally convertible into shares of Common Stock
of the Issuer, where conversions are effected at a conversion rate equal to100%
of the closing bid price of a share of Common Stock of the Issuer immediately
prior to the date of conversion by the holder. Such shares Series 11 Stock,
however, are not currently fully convertible into shares of Common Stock of the
Issuer by the holder, because Section 6(h) of the Certificate of Designations
restricts the rights of the holder of such shares to convert if, as a result of
such conversion (but without giving effect to shares issuable upon conversions
not yet submitted), the holder and its affiliates would have actual ownership of
more than 9.9% of the outstanding shares of Common Stock of the Issuer. Were
such restriction not applicable, the Reporting Person would, based on current
market prices of such Common Stock at about $0.60 per share, be able to convert
its Series 6 Stock into 500,000 shares of Common Stock.

If all of the Series 6 Stock and Series 11 Stock were currently convertible and
converted, the Reporting Person's total shares of Common Stock (including shares
issued and/or to be issued in connection with a recent conversion of Series
6 Stock) would be 2,702,780 shares (19.9%).

The exact number of shares which would be issuable to the Reporting Person upon
such conversions can not be specified at this time, because the actual
conversion rate at the time of any given conversion may be higher or lower.


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The Reporting Person disclaims any beneficial interest in or voting rights in
the shares of Common Stock of the Issuer held by or issuable upon the exercise
of any conversion or other rights held by any other holder of shares or such
rights of the Issuer.

Notwithstanding anything to the contrary contained herein, the Reporting Person
specifically disclaims any intent to acquire any shares of Common Stock to the
extent the sum of (1) the number of shares of Common Stock beneficially owned by
the Reporting Person and its affiliates (other than shares of Common Stock which
may be deemed beneficially owned through the ownership of the unconverted
portion of the Series 6 Stock and Series 11 Stock) and (2) the number of shares
of Common Stock issuable upon the conversion of the Series 6 Stock or Series 11
Stock with respect to which the determination of this proviso is being made,
would result in beneficial ownership by the Reporting Person and its affiliates
of more than 9.9% of the outstanding shares of Common Stock (after taking into
account the shares to be issued to the Reporting Person upon such conversion),
or would otherwise subject the Reporting Person to any of the provisions of
Section 16(b) of the Securities Exchange Act of 1934.






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