Stockdetective had warned us about people like Francois Goelo. Below is public document and someone that has been hyping this stock on XNET message boards on SI. SI should report all disclosure crimes to the SEC. This is a criminal act. Francois should be suspended for violation on terms of service. One has to wonder if he recieved a private placement on ZSUN other stocks that he hypes.
Mr. F. Goelo 120,000 $120,000 5/19/99 $1.00
PO Box 10910 Grand Cayman
Cayman Islands
B.W.I.
XIN NET CORP filed this 10SB12G on 07/01/1999.
Note: This Drop-Down Box allows you to navatigate through the filing. The number with in the "( )" is the number of lines.
e.g. "Item 1.Business(323)" = This section is called "Item 1.Business" and it is 323 lines long.
Entire Document (11696)
10SB12G (3274)
XIN NET CORP. (16)
NONE (12)
Table of Contents (48)
PART II (24)
Item 5. Indemnification of Directors and Officers 32 (13)
Section after Table of Contents (4)
PART I (960)
ITEM 1. BUSINESS (356)
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND (180)
NEED FOR ADDITIONAL FINANCING (28)
CHANGES IN FINANCIAL CONDITION (13)
ITEM 3. PROPERTIES (20)
ITEM 4. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT (77)
ITEM 5. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT (89)
ITEM 6. EXECUTIVE COMPENSATION (64)
SUMMARY COMPENSATION TABLE OF DIRECTORS (75)
ITEM 7. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS (43)
ITEM 8. DESCRIPTION OF SECURITIES (54)
COMMON STOCK (20)
WARRANTS (15)
TRANSFER AGENT (5)
REPORTS TO STOCKHOLDERS (12)
PART II (2216)
ITEM 1. MARKET FOR THE REGISTRANT'S COMMON STOCK AND RELATED SECURITY HOLDER (50)
ITEM 2. LEGAL PROCEEDINGS (12)
ITEM 3. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND (14)
ITEM 4. RECENT SALES OF UNREGISTERED SECURITIES (603)
PRIVATE PLACEMENT (448)
ITEM 5. INDEMNIFICATION OF DIRECTORS AND OFFICERS (1087)
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (6)
XIN NET CORP. (37)
EXHIBITS AND FINANCIAL STATEMENT SCHEDULES (52)
SIGNATURES (44)
DATE XIN NET CORP. (38)
AUDIT REPORT (4)
CONTENTS (42)
CERTIFIED PUBLIC ACCOUNTANTS (6)
INDEPENDENT AUDITORS' REPORT (64)
LIABILITIES AND STOCKHOLDERS' EQUITY (740)
LIABILITIES (10)
STOCKHOLDERS' EQ U ITY (176)
EXHIBIT INDEX (34)
STATE OF FLORIDA (21)
EX-3.1 (75)
EX-3.2 (72)
EX-3.3 (48)
ARTICLES OF AMENDMENT (38)
EX-3.4 (333)
ARTICLE I. DIRECTORS (101)
ARTICLE II. MEETINGS OF SHAREHOLDERS (78)
ARTICLE III. OFFICERS (44)
ARTICLE IV DISTRIBUTIONS (17)
ARTICLE V CORPORATE RECORDS (80)
EX-3.5 (2044)
MEMORANDUM (49)
Table of Contents (2)
PART ARTICLE SUBJECT PAGE (269)
Section after Table of Contents (4)
6 TRANSMISSION OF SHARES . . . . . . . . . . . . . . . 7 (7)
7 ALTERATION OF CAPITAL . . . . . . . . . . . . . . . 8 (9)
8 PURCHASE AND REDEMPTION OF SHARES . . . . . . . 9 (8)
9 BORROWING POWERS . . . . . . . . . . . . . . . . . 10 (203)
PART 1 (60)
PART 2 (77)
PART 3 (45)
PART 4 (33)
PART 5 (86)
PART 6 (37)
PART 7 (68)
PART 8 (35)
PART 9 (67)
PART 10 (90)
PART 11 (147)
PART 12 (160)
PART 13 (46)
PART 14 (90)
PART 15 (29)
PART 16 (84)
PART 17 (86)
PART 18 (54)
PART 19 (38)
PART 20 (49)
PART 21 (86)
PART 22 (34)
PART 23 (46)
PART 24 (20)
PART 25 (53)
PART 26 (90)
535483 B.C. LTD. (4)
INFORNET INVESTMENT CORP. (17)
EX-3.6 (2082)
MICRO EXPRESS LIMITED (45)
INFORNET INVESTMENT LIMITED (20)
MISS H. CHANG (11)
MEMORANDUM (4)
ARTICLES OF ASSOCIATION (15)
HONG KONG (15)
MICRO EXPRESS LIMITED (51)
MEMORANDUM OF ASSOCIATION (237)
ARTICLES OF ASSOCIATION (7)
PRELIMINARY (135)
VARIATION OF RIGHT'S (29)
ALTERATION OF SHARE CAPITAL (41)
SHARES (40)
SHARE CERTIFICATES (51)
CALLS ON SHARES (50)
FORFEITURE AND LIEN (95)
TRANSFER OF SHARES (70)
TRANSMISSION OF SHARES (35)
STOCK (33)
GENERAL MEETINGS (13)
NOTICE OF GENERAL MEETINGS (64)
PROCEEDINGS AT GENERAL MEETINGS (53)
VOTING (30)
VOTING RIGHTS (45)
PROXIES (78)
WRITTEN RESOLUTIONS (14)
DIRECTORS (151)
ALTERNATE DIRECTORS (53)
MEETINGS AND PROCEEDINGS OF DIRECTORS (142)
POWERS OF DIRECTORS (40)
BRANCH REGISTERS (8)
SECRETARY (10)
CHEQUES (14)
THE SEAL (33)
AUTHENTICATION OF DOCUMENTS (18)
RESERVES (15)
DIVIDENDS (91)
CAPITALIZATION OF PROFITS AND RESERVES (42)
ACCOUNTS (22)
AUDITORS (67)
WINDING UP (19)
INDEMNITY (18)
SIGNATURES (51)
EX-3.7 (1045)
ARTICLES OF ASSOCIATION (2)
OF THE COOPERATIVE JOINT VENTURE CONTRACT (2)
PLACER TECHNOLOGIES CORP. (1032)
CONTRACT BETWEEN XIN HAI (1089)
ARTICLES OF ASSOCIATION (1076)
COOPERATIVE JOINT VENTURE CONTRACT (1035)
COOPERATIVE JOINT VENTURE CONTRACT (2)
IN RESPECT OF (2)
PLACER TECHNOLOGIES CORP. (12)
COOPERATIVE JOINT VENTURE CONTRACT (225)
RESPONSIBILITIES OF EACH PARTY TO THE JOINT VENTURE (233)
LABOUR MANAGEMENT (269)
ARTICLE 14 (281)
INSURANCE (279)
EX-10.3 (511)
XIN NET CORP. (36)
SOFTWARE LICENSE (151)
EX-27 (56)
or see entire filing
More About XIN NET CORP: Income Statement Balance Sheet Insider Trading Snapshot
PRIVATE PLACEMENT
Name & Address Number Consideration Date of Price per
-------------- -------------
of Shares Purchase Share
--------- --------
(Units)
-------
Mitsukiku Investments Ltd 625,000 $625,000 5/19/99 $1.00
PO Box 428
Les Braves House,
Les Banques St. Peter Port
Guernsey
4V1 3W2
Tandoor Holdings Ltd 570,000 $570,000 5/19/99 $1.00
20D Primrose
Mansion
Taikooshing
Hong Kong
Richco Investors Inc. 700,000 $700,000 5/19/99 $1.00
830-789 West Pender Street
Vancouver B.C.
Canada V6C 1H2
Development Fund 11 of
Nova Scotia Inc. 190,000 $190,000 5/19/99 $1.00
c/o Richco Investors Inc.
830-789 West Pender Street
Vancouver B.C.
Canada V6C 1H2
Mr. Minhas Sayani 75,000 $75,000 5/19/99 $1.00
PO Box 30020 Dubai
United Arab Emirates
Xerxes Venture Capital Fund Ltd. 50,000 $50,000 5/19/99 $1.00
PO Box 88 I Grenville St.
St. Helier, Jersey
JE4 9PF UK
Goldpac Investment Fund 40,000 $40,000 5/19/99 $1.00
16D 139 Drake St
Vancouver B.C.
V6Z 2T8 Canada
Nottinghill Resources Ltd. 50,000 $50,000 5/19/99 $1.00
Mareva House 4 George St.
Nassau, Bahamas
Mr. Allan Slaughter 10,000 $ 10,000 5/19/99 $1.00
1368 Madrona Dr. Bay, B.C.
V9P 9C9 Canada
Mr. David Atkinson 7,500 $7,500 5/19/99 $1.00
4590 Keith Rd
West Vancouver B.C.
V7W 1W2 Canada
Mr. Michael Atkinson 7,500 $7,500 5/19/99 $1.00
#210 1315 W. 11th Ave.
Vancouver B.C.
V6H 1K7 Canada
Mrs. Juanita L. Po 5,000 $5,000 5/19/99 $1.00
842 Clements Ave.
North Vancouver B.C.
V7R 2K7 Canada
Mr. Joseph Go and 10,000 $ 10,000 5/19/99 $1.00
Mrs. Babs Po
1045 Montroyal Blvd.
N. Vancouver 13C
V7R 2H5 Canada
Bradstone Equity Partners Inc. 200,000 $200,000 5/19/99 $1.00
#638-375 Water St.,
Vancouver B.C.
V6B 5C6 Canada
403401 B.C. Ltd. 150,000 $150,000 5/19/99 $1.00
#638-375 Water St.,
Vancouver B.C.
V6B 5C6 Canada
Silver Shadow Investments Ltd. 20,000 $20,000 5/19/99 $1.00
PO Box
546 28-30 The Parade
St. Helier Jersey
Channel Islands
Cayman Islands Securities Ltd. 80,000 $80,000 5/19/99 $1.00
PO Box 2835 G.T.
Grand Cayman
B. W. I.
Chelsea Capital Corp. 70,000 $70,000 5/19/99 $1.00
#200-750 W. Pender St.
Vancouver B.C.
V6C 1B5 Canada
Mr.Carlo K.Rahal 25,000 $25,000 5/19/99 $1.00
6410 Charing Crt.
Burnaby B.C.
V5E 3Y3 Canada
Mr.David M.Lyall 100,000 $100,000 5/19/99 $1.00
6745 W. Blvd B.C.
V6P 5R8 Canada
Ms. Linda A. Massie 10,000 $10,000 5/19/99 $1.00
305-1750 West 13th Ave
Vancouver B.C.
V6J 2H1 Canada
Mr. Patrick Hung 60,000 $60,000 5/19/99 $1.00
6-1200 Brunette Ave.
Coquitlam B.C.
V3K 1G3 Canada
Ms Chantal Hung 60,000 $60,000 5/19/99 $1.00
6C Winston Churchill Lane
Curepipe
Mauritius
Mr. Marc Hung 80,000 $80,000 5/19/99 $1.00
6- 1200 Brunette Ave.
Coquittam B.C.
V3K 1G3 Canada
Hare & Co. 100,000 $100,000 5/19/99 $1.00
C\o Bank of New York
1 Wall Street - 3rd Floor
New York, N.Y. 10286
Clariden Bank, 180,000 $180,000 5/19/99 $1.00
Claridestrasse 26,
8002 Zurich
Switzerland
Mr.Brian Findlay 50,000 $50,000 5/19/99 $1.00
29433 Simpson Rd,
Abbotsford, B.C.
V6C I H9 Canada
Mr.Hazel L. Allington 3,500 $3,500 5/19/99 $1.00
4614 Woodgreen Dr.
West Vancouver B.C.
V7S 2V2 Canada
Ms.Sharon Allington 1,500 $1,500 5/19/99 $1.00
4614 Woodgreen Dr
West Vancouver B.C.
V7S 2V2 Canada
Orbit Leasing Corp. 90,000 $90,000 5/19/99 $1.00
310-1324 17th Ave.SW
Calgary Alberta
T2T 5S8 Canada
Taylor Oil Products Ltd. 80,000 $80,000 5/19/99 $1.00
PO Box 1062 GT Grand Cayman.
B.W.I.
Caribbean Avionics Ltd. 280,000 $280,000 5/19/99 $1.00
PO Box 599
Carribean Place Providenciales,
Turks & Caicos Is.
Yonderiche International
Consultant 15,000 $15,000 5/19/99 $1.00
102-1318 West 6th Ave.
Vancouver, B.C.
V6H 1A7 Canada
Ms. Jane Lee Kennedy 1,500 $1,500 5/19/99 $1.00
1253 Hunter Rd
Delta B.C.
V4L 1Y9 Canada
Mr. Billee Davidson 10,000 $10,000 5/19/99 $1.00
3902 West 38th Ave.
Vancouver B.C.
V6N 2Y6 Canada
Mr. F. Goelo 120,000 $120,000 5/19/99 $1.00
PO Box 10910 Grand Cayman
Cayman Islands
B.W.I.
Aberdeen Holdings Ltd. 50,000 $50,000 5/19/99 $1.00
60 Market Square
Belize City
Belize
Mr. Ken Aloysius Kow 16,000 $ 16,000 5/19/99 $1.00
Ms. Dannie Kow
(two names on the cert.)
2957 East 56 Ave
Vancouver B.C.
V5S 2A2 Canada
Mr. Floyd Hill 25,000 $25,000 5/19/99 $1.00
1800-609 Granville St.
Vancouver B.C.
V7S IC4 Canada
Ms. Linda Collins 25,000 $25,000 5/19/99 $1.00
3939 W. 38th Ave
Vancouver B.C.
V6N 2Y7 Canada
Mr. Patrick C. Lincoln 5,000 $5,000 5/19/99 $1.00
17 Leacock CT
Thornhill ON
L3T 6X9 Canada
Mr. Rodney B. Johnston 25,000 $25,000 5/19/99 $1.00
17412-29th Ave.
S. Surrey B.C.
V4P 9R1 Canada
Mr. L. C. Allington 50,000 $50,000 5/19/99 $1.00
4614 Woodgreen Dr
West Vancouver B.C.
V7S 2V2 Canada
Mr. Hugh Cooper 10,000 $10,000 5/19/99 $1.00
425 Rabbit Lane
West Vancouver B.C.
V7S 1J1 Canada
Ms. Sharon Cooper 40,000 $40,000 5/19/99 $1.00
425 Rabbit Lane
West Vancouver 13C
V7S 1J1 Canada
J.F. Yang Capital Corp. 250,000 $250,000 5/19/99 $1.00
15 Starling House
Charlbert St.
London
NW8 7BS UK
Mr. Brent Petterson 2,500 $2,500 5/19/99 $1.00
603-1500 Ostler Court,
North Vancouver B.C.
V7G 2S2 Canada
Prism Holdings Inc. 25,000 $25,000 5/19/99 $1.00
PO Box 150, Design House,
Providenciales,
I Turks & Caicos Islands
B.W.I.
Ms.Christine Smith 10,000 $10,000 5/19/99 $1.00
#314-3738 Norfolk St.
Burnaby B.C.
V5G 4V4 Canada
First Nevisian Stockbrokers Ltd. 40,000 $40,000 5/19/99 $1.00
Barclays Building. Maw St.
Charlestown Nevis
B. W. I.
Tedburn Ltd. 150,000 $150,000 5/19/99 $1.00
2C Engineers Road,
Gibraltar
J.R. Ing Associates 35,000 $35,000 5/19/99 $1.00
130 Adelaide St. West
Toronto ON
M5P I G6 Canada
Sirhc Holdings Ltd. 150,000 $150,000 5/19/99 $1.00
9 Church St.
Hamilton Hm11
Bermuda
A&E Capital Funding Inc. 250,000 $250,000 5/19/99 $1.00
2300 Yonge St. Suite 3000
Toronto ON
M4P 1E4 Canada
Thesis Group Inc. 150,000 $150,000 5/19/99 $1.00
19 Hanover Terrace Regents Park
London
NW1 4RJ UK
Mr.Barry Fraser 15,000 $15,000 5/19/99 $1.00
1300-777 Dunsmuir St.
Vancouver B.C.
V7Y I K2 Canada
Mr.William Adams 10,000 $10,000 5/19/99 $1.00
PO Box 922
40102 Skyline Pl.
Garibaldi Highlands
Vancouver B.C.
VON 1TO Canada
Mr.Fred TSE 40,000 $40,000 5/19/99 $1.00
186 Stevens Dr
West Vancouver B.C.
5,5000,000 $5,500,000
shares
The issuance of the shares was made in reliance upon the exemption contained in
Regulation S as amended, to offshore residents and in Canada pursuant to the
exemptions from registration contained in section 55(2) (4) and 55 (2) (9) of
the Securities Company Act (British Columbia) and/or paragraphs 128(a) or 128(h)
of the Securities Rules to the Securities Act.
Price per
Date Share Consideration Shares
---- ----- ------------- ------
Xin Wei
2754 Adanac Street
Vancouver, B.C. VSK 3M9 2/20/97 $.001 750,000
Kun Wei
403 No I Blvd
Qianmachang Lane
Gulou Street, West
Beijing, China 2/20/97 $.001 450,000
Xi-ping Qu
403 - 1333 Haro Street
Vancouver, B.C. V6E 1G4 2/20/97 $.001 300,000
Nicole Alagich
1400 - 400 Burrard Street
Vancouver, B.C. V6C 3G2 2/20/97 $.001 3,000
Terry Johnston
1408 - 4300 Mayberry Street
Burnaby, B.C. V5H 4A4 2/20/97 $.001 3,000
Ranjit Bhogal
9042 135 A Street
Surrey, B.C. V3V 7CS 2/20/97 $.001 3,000
Bhupinder Mann
1182 East 33rd Ave.
Vancouver, B.C. V5F 3B3 2/20/97 $.001 3,000
Charles Grahn
203 - 1386 West 73rd Ave
Vancouver, B.C. V6P 3E8 2/20/97 $.001 3,000
Gemsco Management Ltd.
53 Woodland Drive
Delta, B.C. V4L 2H4 2/20/97 $.001 700,000
Farmind Link Corp.
2998 Park Lane
West Vancouver, B.C. V7V 1E9 2/20/97 $.001 700,000
Simon Yuen
19835 64th Avenue
Langley, B.C. V2Y 11.S 2/20/97 700,000
Lionel Welch
7 Prince Street
Belize City, Belize 2/20/97 $.001 320,000
Kathleen Robinson
P.O. Box 170
Grand Turk
Turks & Caicos Islands, BWI 2/20/97 $.001 10,000
Mr. Joseph A. Gamache
1421 Barber Court
Banning CA 92220 2/20/97 $.001 10,000
Hartford Capital Corporation
1400 - 400 Burrard Street
Vancouver, B.C. V6C 3G2 2/20/97 $.001 45,000
4,000,000
Each of the sales listed above was made for cash or services as listed. All of
the listed sales were made in reliance upon the exemption from registration
offered by Section 4 (2) of the Securities Act of 1933, as amended. Based upon
Subscription Agreements completed by each of the subscribers, the Company had
reasonable grounds to believe immediately prior to making an offer to the
private investors, and did in fact believe, when such subscriptions were
accepted, that such purchasers (1) were purchasing for investment and not with a
view to distribution, and (2) had such knowledge and experience in financial and
business matters that they were capable of evaluating the merits and risks of
their investment and were able to bear those risks. The purchasers had access to
pertinent information enabling them to ask informed questions. The shares were
issued without the benefit of registration. An appropriate restrictive legend is
imprinted upon each of the certificates representing such shares, and
stop-transfer instructions have been entered in the Company's transfer records.
All such sales were effected without the aid of underwriters.
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