Park Street Investments Inc/Adv – ‘SC 13D’ on 7/16/98 re: Quest Resource Corp

As of:  Thursday, 7/16/98   ·   Accession #:  1013176-98-35   ·   File #:  5-40006

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              3     19K 
 2: EX-99       Miscellaneous Exhibit                                  6±    22K 
 3: EX-99       Miscellaneous Exhibit                                  4±    15K 

SC 13D   —   General Statement of Beneficial Ownership
Document Table of Contents

SC 13D
1st Page of 3
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
UNITED STATES                 
SECURITIES AND EXCHANGE COMMISSION                
Washington, D.C. 20549                

SCHEDULE 13D                

Under the Securities Exchange Act of 1934             

HYTK Industries, Inc.               
(Name of Issuer)                

Common Stock, par value $0.001                
(Title of Class of Securities)                

404425 50 6                 
(CUSIP Number)                

Ken Kurtz, 2133 East 9400 South, Suite 151, Sandy, Utah 84093       
(Name, address and telephone number of person authorized to receive     
notices and communications)             

March 5, 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 subject of this Schedule                 
13D, and is filing this schedule because of Rule 13d-1(b)(3) or                 
(4), check the following box    (  ).                                           

Check the following box if a fee is being paid with the statement               
(  ).                                                                           

SC 13D
2nd Page of 3
TOC
1st
Previous
Next
↓Bottom
Just 2nd
SCHEDULE 13D                
CUSIP No.  404425 60 5                                     Page 1               
of  3 Pages                                                                     

1)  NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO.                 
OF ABOVE PERSON                                                                 
Park Street Investments, Inc. ("Park Street"), 87-0517103             

2)  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                            
                                       (A) (   )
N/A                                               (B) (   )           

3)  SEC USE ONLY                                                                

4)  SOURCE OF FUNDS                                                             
OO                                                                    

5)  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                    
PURSUANT TO ITEMS 2(d) or 2(e).      (    )                                     

6)  CITIZENSHIP OR PLACE OF ORGANIZATION                                        
Park Street was organized in the State of Utah.                       

7)  SOLE VOTING POWER                             
NUMBER OF                2,002,565 (97.6%)                                      
SHARES                                                                          
BENEFICIALLY   8)  SHARED VOTING POWER                                          
OWNED BY                 -0-                                                    
EACH                                                                            
REPORTING      9)  SOLE DISPOSITIVE POWER                                       
PERSON WITH              2,002,565 (97.6%)                                      

10)  SHARED DISPOSITIVE POWER                     
-0-                             

11)  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               
2,002,565                                                             

12)  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
CERTAIN SHARES (  )                                                             

13)  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                         
97.6%                                                                 

14)  TYPE OF REPORTING PERSON                                                   
Park Street    ---  CO                                                

SC 13D
Last Page of 3
TOC
1st
Previous
Next
↓Bottom
Just 3rd
Item 1.  Security and Issuer                                                    

This statement relates to common stock, par value $0.001 per                    
share, of HYTK Industries, Inc. ("Common Stock").  HYTK                         
Industries, Inc. ("HYTK") a Nevada corporation with principal                   
executive offices at 2133 East 9400 South, Suite 151, Sandy, Utah               
84093.                                                                          

Item 2.  Identity and Background                                                

(a)  This statement is filed by Park Street Investments, Inc., a                
Utah corporation ("Park Street").                                     

(b)  The business address for Park Street is 2133 East 9400                     
South, Suite 151, Sandy, Utah 84093.                                  

(c)  The principal business of Park Street is providing financial               
and business consulting services.                                     

(d)  During the last five years, Park Street has not been                       
convicted in a criminal proceeding (excluding traffic                 
violations and similar misdemeanors)                                  

(e)  During the last five years, Park Street was not party to a                 
civil proceeding that resulted in 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                      

On September 20, 1995, Park Street received 102,567 shares of                   
Common Stock of the issuer as compensation (by way of finders                   
fee) for consulting services rendered as part of the negotiations               
for, and the securing of, Canton Financial Services Corporation                 
("Canton"), a Nevada corporation, to provide general business                   
consulting services to HYTK.  On October 31, 1995, the Majority                 
Shareholders of the issuer effected a 40-to-one reverse stock                   
split on the Company's issued and outstanding Common Stock.   On                
March 5, 1998, Park Street received 2,000,000 shares of Common                  
Stock of the issuer as compensation for consulting services.                    

Item 4.  Purpose of Transaction                                                 

On September 20, 1995, the purpose of the issuance of stock to                  
Park Street was to compensate it, by way of finders fee, for the                
consulting services that it had rendered as part of the                         
negotiations for, and the securing of, Canton to provide general                
business consulting services to HYTK.  On March 5, 1998, the                    
purpose of the issuance of stock to Park Street was compensation                
for consulting services, pursuant to a Financial Consulting                     
Agreement dated March 5, 1998 between HYTK and Park Street.                     

Item 5.  Interest in Securities of the Issuer                                   

(a)  The aggregate number and percentage of class of securities                 
identified pursuant to Item 1 beneficially owned by each              
person named in Item 2 may be found in rows 11 and 13 of the          
cover page.                                                           

(b)  The powers each person identified in the preceding paragraph               
has relative to the shares discussed herein may be found in           
rows 7 through 10 of the cover page.                                  

(c)  There were no transactions in the class of securities                      
reported on that were effected during the last sixty days             
aside from those discussed herein.                                    

(d)  No person aside from the reporting persons listed herein has               
the right to receive or power to direct the receipt of                
dividends from, or the proceeds from the sale of, such                
securities.                                                           

(e)  Not Applicable.                                                            

Item 6.  Contracts, Arrangements, Understandings or Relationships               
with Respect to Securities of the Issuer.                                       

The Issuer entered into a Consulting Agreement dated September 1,               
1995 and for an initial term of five years with Canton whereby                  
Canton was to provide business consulting services to HYTK.                     
Pursuant to this Consulting Agreement, HYTK issued Park Street                  
102,567 restricted shares of it's Common Stock, as a finder's fee               
relative to Park Street introducing the Issuer to Canton.  On                   
April 1, 1997 a Mutual Agreement to Terminate was signed by the                 
Issuer and Canton, whereby HYTK and Canton agreed to mutually                   
terminate the Consulting Agreement, dated September 1, 1995                     
between the Issuer and Canton, to the full extent.  On March 5,                 
1998, the Issuer and Park Street entered into a Financial                       
Consulting Agreement, whereby Park Street was to provide the                    
Issuer with consulting services.  As compensation for the                       
consulting services, HYTK issued Park Street 2,000,000 restricted               
shares of it's Common Stock.                                                    

Item 7.  Material to Be Filed as Exhibits.                                      

Consulting Agreement dated September 1, 1995 between HYTK                       
Industries, Inc. and Canton Financial Services Corporation                      
attached hereto, marked Exhibit "A" and incorporated by reference               
herein.                                                                         
Financial Consulting Agreement dated March 5, 1998 between HYTK                 
Industries, Inc. and Park Street Investments, Inc. attached                     
hereto, marked Exhibit "B" and incorporated by reference herein.                

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.                                        

Park Street Investment, Inc.                                                    

/s/ Ken Kurtz, President                                                      

Dated: 7/10/98                                                                  

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		7/16/98
		3/5/98		1		3			8-K
		4/1/97		3
		10/31/95		3
		9/20/95		3
		9/1/95		3
									List all Filings