Tay William, et al. – ‘SC 13G/A’ on 3/19/01 re: Bilogic Inc

On:  Monday, 3/19/01, at 8:26am ET   ·   Accession #:  1119249-1-500003   ·   File #:  5-59593

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Amendment to Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Schedule 13G/A by William Tay                          5±    22K 

Document Table of Contents

UNITED STATES           
SECURITIES AND EXCHANGE COMMISSION          
Washington, DC 20549          

SCHEDULE 13G/A          

Under the Securities Exchange Act of 1934           
(Amendment No. 1)*          

DISCOVERY CAPITAL FUNDING CORP.         
(Name of Issuer)          

Common Stock          
(Title of Class of Securities)          

None          
(CUSIP Number)          

March 1, 2001         
(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 on 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).                       

CUSIP No.: None.                                                                

1.        Names of Reporting Persons:        DotCom Internet Ventures Ltd.      
                     William Tay

William Tay is the controlling shareholder and director of  
DotCom Internet Ventures Ltd.                               

2.        Check the appropriate box if a member of a group:        (a) /x/      
                                                         (b)

3.        SEC use only                                                          

4.        Citizenship or place of organization                                  

     William Tay                        Natural person, citizen of the
                       United States
DotCom Internet Ventures Ltd.      Delaware corporation     

5-8.                            Sole       Shared   Sole          Shared        
                             Voting     Voting   Dispositive   Dispositive
                       Power      Power    Power         Power

DotCom Internet Ventures Ltd.   2,000,000           2,000,000                   
William Tay                     2,000,000           2,000,000                   

9&11.     Aggregate amount beneficially owned by each reporting                 
person and percent of class.                                

        Aggregate amount
                   Beneficially        Percent
                    Owned               of Class

DotCom Internet Ventures Ltd.       0                   0%   (1)                
William Tay                         2,000,000           18.2%                   

(1)       William Tay is the controlling shareholder and director of  
       DotCom Internet Ventures Ltd. and may be deemed to be the
beneficial owner of the common stock held by it.  

10.       Check box if aggregate amount in #9                                   
      excludes certain shares.                           Not applicable.

12.       Type of reporting Person                                              

DotCom Internet Ventures Ltd.       CO              
William Tay                         IN              

----------------------------------------------------------------------          
                  Schedule 13G              Part 2, page 1

Item 1(a)      Name of Issuer:           Discovery Capital Funding Corp.        

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

                                      3 Broad Street
                                  Suite #300
                                            Charleston, SC 29401

Item 2(a)      Name of Person Filing:               William Tay                 

(b)       Address of Principal Business or,                           
       if none, Residence:                  1422 Chestnut Street
                                            Suite 410, 4th Floor
                                              Philadelphia, PA 19102

(c)       Citizenship:                         United States          

(d)       Title of Class of Securities:        Common Stock           

(e)       CUSIP Number:                        None                   

Item 3.        If statement is filed pursuant to                                
 Rule 13d-1(b) or 13d-2(b) or (c)     Not applicable

Item 4.        Ownership                                                        

(a)       Amount beneficially owned:           2,000,000 shares       
(b)       Percent of Class:                    18.2%                  
(c)       Number of Shares as to which                                
such person has:                                  
 (i) sole power to vote or to direct the vote            2,000,000
(ii) shares power to vote or to direct the vote         0       
(iii) sole power to dispose or to direct the                    
       disposition of                                    2,000,000
(iv) shared power to dispose or to direct the                   
disposition of                                   0

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                                                  

The group consists of William Tay, a natural person, and        
DotCom Internet Ventures Ltd., a Delaware corporation of which  
William Tay is the controlling shareholder and director.        

Item 9. Notice of Dissolution of Group:                   Not applicable        

Item 10. Certification:                                                         

By signing below the undersigned certifies that, to the best    
of its knowledge and belief, the securities referred to         
above were acquired and are held in the ordinary course of      
business and 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.   

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

By: /s/ William Tay 
          ------------------------------
William Tay         
March 19, 2001                                                                  

----------------------------------------------------------------                

                   Schedule 13G               Part 2, page 3

Item 1(a)      Name of Issuer:           Discovery Capital Funding Corp.        

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

                                      3 Broad Street
                                  Suite #300
                                            Charleston, SC 29401

Item 2(a)      Name of Person Filing:        DotCom Internet Ventures Ltd.      

(b)       Address of Principal Business or,                           
if none, Residence:                               
                                            1422 Chestnut Street
                                            Suite 410, 4th Floor
                                              Philadelphia, PA 19102

(c)       Citizenship:                         Delaware corporation   

(d)       Title of Class of Securities:        Common Stock           

(e)       CUSIP Number:                        None                   

Item 3.        If statement is filed pursuant to                                
 Rule 13d-1(b) or 13d-2(b) or (c)     Not applicable

Item 4.        Ownership                                                        

(a)       Amount beneficially owned:              0 shares (1)        
(b)       Percent of Class:                       0%                  
(c)       Number of Shares as to which                                
such person has:                                  
(i) sole power to vote or to direct the vote         2,000,000  
(ii) shared power to vote or to direct the vote      0          
(iii) sole power to dispose or to direct the                    
     disposition of                                2,000,000
(iv) shared power to dispose or to direct the                   
disposition of                                0   

(1)     William Tay is the controlling shareholder and director of              
DotCom Internet Ventures Ltd. and is therefore deemed to be the 
beneficial owner of the 2,000,000 shares of common stock held   
by it.                                                          

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                                                    

The group consists of William Tay, a natural person, and        
DotCom Internet Ventures Ltd., a Delaware corporation, of which 
William Tay is the controlling shareholder and director.        

Item 9. Notice of Dissolution of Group:                     Not applicable      

Item 10. Certification:                                                         

By signing below the undersigned certifies that, to the best    
of its knowledge and belief, the securities referred to         
above were acquired and are held in the ordinary course of      
business and 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.   

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

         DotCom Internet Ventures Ltd.

By: /s/ William Tay 
             ---------------------------------
             William Tay, President & Director
March 19, 2001                                                                  

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G/A’ Filing		Date		Other Filings
Filed on:		3/19/01		4
		3/1/01		4,  8-K
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