SEC Info - GIN99 LLC, et al. - ‘SC 13D’ on 3/20/00 re: Avitar Inc/DE

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GIN99 LLC, et al. – ‘SC 13D’ on 3/20/00 re: Avitar Inc/DE

On: Monday, 3/20/00 · Accession #: 897204-0-42 · File #: 5-58723

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/20/00  GIN99 LLC                         SC 13D                 1:35K  Avitar Inc/DE                     Clifford Chan… US LLP/FA
          E-Business Investments Ltd.
          E-Commerce Investments Ltd.
          E-Links Investments Ltd.
          E-Sales Investments Ltd.
          E-Trade Investments Ltd.
          GIN99 LLC
          Lighthouse Capital Insurance Company

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership             20     63K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Common Stock Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Identity and Background Interest in Securities of the Issuer Material to be Filed as Exhibits Purpose of the Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
"	Common Stock
9	Item 1. Security and Issuer
"	Item 2. Identity and Background
"	Item 3. Source and Amount of Funds or Other Consideration
"	Item 4. Purpose of the Transaction
10	Item 5. Interest in Securities of the Issuer
"	Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
11	Item 7. Material to be Filed as Exhibits

SC 13D 1st Page of 20 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
================================================================================

SCHEDULE 13D
(Rule 13d-101)

 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
 TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
 RULE 13d-2(a)

(Amendment No.__)(1)

AVITAR, INC.
(Name of Issuer)

COMMON STOCK
(Title of Class of Securities)

 053801106
(Cusip Number)

Joseph Rotella
GIN99, LLC
c/o Clifford Chance Rogers & Wells LLP
 200 Park Avenue
New York, NY 10166
(212) 878-8000

 (Name, Address and Telephone Number of Person
 Authorized to Receive Notices and Communications)

Copy to:
 John D. Dadakis
Clifford Chance Rogers & Wells LLP
 200 Park Avenue
New York, NY 10166
(212) 878-8000

 March 7, 2000
 (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 that is the subject of this Schedule 13D, and is filing this    
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following    
box. |_|                                                                        

Note. Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.                                                  

(Continued on following pages)
(Page 1 of 24 Pages)

----------                                                                      
(1)   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 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 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).                                           

SC 13D 2nd Page of 20 TOC 1st Previous Next ↓Bottom Just 2nd
-------------------                                           ------------------
CUSIP No. 053801106                    13D                    Page 2 of 24 Pages
================================================================================
1.    NAME OF REPORTING PERSON                                                  
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON                  

GIN99, LLC                                                          
--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                        (a)  |_|
                                                                        (b)  |X|
--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    SOURCE OF FUNDS                                                           

OO                                                                  
--------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT         
      TO ITEM 2(d) OR 2(e)                                                   |_|

--------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

DELAWARE                                                            
--------------------------------------------------------------------------------
7.    SOLE VOTING POWER                     

9,764,500                       
                        --------------------------------------------------------
NUMBER OF       8.    SHARED VOTING POWER                                   
UNITS                                                                   
BENEFICIALLY            None                                                    
  OWNED BY              --------------------------------------------------------
EACH          9.    SOLE DISPOSITIVE POWER                              
REPORTING                                                                   
PERSON               9,764,500                                            
    WITH                --------------------------------------------------------
10.   SHARED DISPOSITIVE POWER              

None                            
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

9,764,500                                                           
--------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                    
      CERTAIN SHARES                                                         |_|

--------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                        

27.85%                                                              
--------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON                                                  

OO                                                                  
================================================================================

SC 13D 3rd Page of 20 TOC 1st Previous Next ↓Bottom Just 3rd
-------------------                                           ------------------
CUSIP No. 053801106                    13D                    Page 3 of 24 Pages
================================================================================
1.    NAME OF REPORTING PERSON                                                  
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON                  

E-Commerce Investments Ltd.                                         
--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                        (a)  |_|
                                                                        (b)  |X|
--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    SOURCE OF FUNDS                                                           

NOT APPLICABLE                                                      
--------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT         
      TO ITEM 2(d) OR 2(e)                                                   |_|

--------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

BAHAMAS                                                             
--------------------------------------------------------------------------------
7.    SOLE VOTING POWER                     

None                            
                        --------------------------------------------------------
NUMBER OF       8.    SHARED VOTING POWER                                   
UNITS                                                                   
BENEFICIALLY            9,764,500                                               
  OWNED BY              --------------------------------------------------------
EACH          9.    SOLE DISPOSITIVE POWER                              
REPORTING                                                                   
PERSON               None                                                 
    WITH                --------------------------------------------------------
10.   SHARED DISPOSITIVE POWER              

9,764,500                       
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

9,764,500                                                           
--------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                    
      CERTAIN SHARES                                                         |_|

--------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                        

27.85%                                                              
--------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON                                                  

CO                                                                  
================================================================================

SC 13D 4th Page of 20 TOC 1st Previous Next ↓Bottom Just 4th
-------------------                                           ------------------
CUSIP No. 053801106                    13D                    Page 4 of 24 Pages
================================================================================
1.    NAME OF REPORTING PERSON                                                  
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON                  

E-Links Investments Ltd.                                            
--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                        (a)  |_|
                                                                        (b)  |X|
--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    SOURCE OF FUNDS                                                           

NOT APPLICABLE                                                      
--------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT         
      TO ITEM 2(d) OR 2(e)                                                   |_|

--------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

BAHAMAS                                                             
--------------------------------------------------------------------------------
7.    SOLE VOTING POWER                     

None                            
                        --------------------------------------------------------
NUMBER OF       8.    SHARED VOTING POWER                                   
UNITS                                                                   
BENEFICIALLY            9,764,500                                               
  OWNED BY              --------------------------------------------------------
EACH          9.    SOLE DISPOSITIVE POWER                              
REPORTING                                                                   
PERSON               None                                                 
    WITH                --------------------------------------------------------
10.   SHARED DISPOSITIVE POWER              

9,764,500                       
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

9,764,500                                                           
--------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                    
      CERTAIN SHARES                                                         |_|

--------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                        

27.85%                                                              
--------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON                                                  

CO                                                                  
================================================================================

SC 13D 5th Page of 20 TOC 1st Previous Next ↓Bottom Just 5th
-------------------                                           ------------------
CUSIP No. 053801106                    13D                    Page 5 of 24 Pages
================================================================================
1.    NAME OF REPORTING PERSON                                                  
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON                  

E-Sales Investments Ltd.                                            
--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                        (a)  |_|
                                                                        (b)  |X|
--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    SOURCE OF FUNDS                                                           

NOT APPLICABLE                                                      
--------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT         
      TO ITEM 2(d) OR 2(e)                                                   |_|

--------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

BAHAMAS                                                             
--------------------------------------------------------------------------------
7.    SOLE VOTING POWER                     

None                            
                        --------------------------------------------------------
NUMBER OF       8.    SHARED VOTING POWER                                   
UNITS                                                                   
BENEFICIALLY            9,764,500                                               
  OWNED BY              --------------------------------------------------------
EACH          9.    SOLE DISPOSITIVE POWER                              
REPORTING                                                                   
PERSON               None                                                 
    WITH                --------------------------------------------------------
10.   SHARED DISPOSITIVE POWER              

9,764,500                       
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

9,764,500                                                           
--------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                    
      CERTAIN SHARES                                                         |_|

--------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                        

27.85%                                                              
--------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON                                                  

CO                                                                  
================================================================================

SC 13D 6th Page of 20 TOC 1st Previous Next ↓Bottom Just 6th
-------------------                                           ------------------
CUSIP No. 053801106                    13D                    Page 6 of 24 Pages
================================================================================
1.    NAME OF REPORTING PERSON                                                  
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON                  

E-Trade Investments Ltd.                                            
--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                        (a)  |_|
                                                                        (b)  |X|
--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    SOURCE OF FUNDS                                                           

NOT APPLICABLE                                                      
--------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT         
      TO ITEM 2(d) OR 2(e)                                                   |_|

--------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

BAHAMAS                                                             
--------------------------------------------------------------------------------
7.    SOLE VOTING POWER                     

None                            
                        --------------------------------------------------------
NUMBER OF       8.    SHARED VOTING POWER                                   
UNITS                                                                   
BENEFICIALLY            9,764,500                                               
  OWNED BY              --------------------------------------------------------
EACH          9.    SOLE DISPOSITIVE POWER                              
REPORTING                                                                   
PERSON               None                                                 
    WITH                --------------------------------------------------------
10.   SHARED DISPOSITIVE POWER              

9,764,500                       
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

9,764,500                                                           
--------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                    
      CERTAIN SHARES                                                         |_|

--------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                        

27.85%                                                              
--------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON                                                  

CO                                                                  
================================================================================

SC 13D 7th Page of 20 TOC 1st Previous Next ↓Bottom Just 7th
-------------------                                           ------------------
CUSIP No. 053801106                    13D                    Page 7 of 24 Pages
================================================================================
1.    NAME OF REPORTING PERSON                                                  
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON                  

E-Business Investments Ltd.                                         
--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                        (a)  |_|
                                                                        (b)  |X|
--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    SOURCE OF FUNDS                                                           

NOT APPLICABLE                                                      
--------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT         
      TO ITEM 2(d) OR 2(e)                                                   |_|

--------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

BAHAMAS                                                             
--------------------------------------------------------------------------------
7.    SOLE VOTING POWER                     

None                            
                        --------------------------------------------------------
NUMBER OF       8.    SHARED VOTING POWER                                   
UNITS                                                                   
BENEFICIALLY            9,764,500                                               
  OWNED BY              --------------------------------------------------------
EACH          9.    SOLE DISPOSITIVE POWER                              
REPORTING                                                                   
PERSON               None                                                 
    WITH                --------------------------------------------------------
10.   SHARED DISPOSITIVE POWER              

9,764,500                       
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

9,764,500                                                           
--------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                    
      CERTAIN SHARES                                                         |_|

--------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                        

27.85%                                                              
--------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON                                                  

CO                                                                  
================================================================================

SC 13D 8th Page of 20 TOC 1st Previous Next ↓Bottom Just 8th
-------------------                                           ------------------
CUSIP No. 053801106                    13D                    Page 8 of 24 Pages
================================================================================
1.    NAME OF REPORTING PERSON                                                  
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON                  

Lighthouse Capital Insurance Company                                
--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                        (a)  |_|
                                                                        (b)  |X|
--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    SOURCE OF FUNDS                                                           

NOT APPLICABLE                                                      
--------------------------------------------------------------------------------
5.    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT         
      TO ITEM 2(d) OR 2(e)                                                   |_|

--------------------------------------------------------------------------------
6.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

CAYMAN ISLANDS                                                      
--------------------------------------------------------------------------------
7.    SOLE VOTING POWER                     

None                            
                        --------------------------------------------------------
NUMBER OF       8.    SHARED VOTING POWER                                   
UNITS                                                                   
BENEFICIALLY            9,764,500                                               
  OWNED BY              --------------------------------------------------------
EACH          9.    SOLE DISPOSITIVE POWER                              
REPORTING                                                                   
PERSON               None                                                 
    WITH                --------------------------------------------------------
10.   SHARED DISPOSITIVE POWER              

9,764,500                       
--------------------------------------------------------------------------------
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

9,764,500                                                           
--------------------------------------------------------------------------------
12.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                    
      CERTAIN SHARES                                                         |_|

--------------------------------------------------------------------------------
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                        

27.85%                                                              
--------------------------------------------------------------------------------
14.   TYPE OF REPORTING PERSON                                                  

IC                                                                  
================================================================================

SC 13D 9th Page of 20 TOC 1st Previous Next ↓Bottom Just 9th
Item 1. Security and Issuer                                                     

           This Statement on Schedule 13D (this "Statement") relates to shares
of the common stock, $.01 par value per share (the "Common Stock"), of Avitar,  
Inc., a Delaware corporation (the "Issuer"). The Issuer's principal executive   
offices are located at 65 Dan Road, Canton, MA 02021.                           

Item 2. Identity and Background.                                                

   The names and business addresses of the persons filing this
Statement are: (i) GIN99, LLC, a Delaware limited liability company ("GIN99"),  
which has offices at 200 Park Avenue, c/o Clifford Chance Rogers & Wells LLP,   
New York, New York 10166; (ii) Lighthouse Capital Insurance Company, a Cayman   
Islands Company, ("Lighthouse"), which has offices at Anderson Square,          
Georgetown, Grand Cayman, Cayman Islands; (iii) E-Commerce Investments Ltd., a  
Bahamas business corporation ("E-Commerce"), which has offices at c/o Leopold   
Joseph (Bahamas) Limited, Third Floor, Euro Canadian Centre, Marlborough Street,
Nassau, Bahamas, (iv) E-Links Investments Ltd., a Bahamas business corporation  
("E-Links"), which has offices at c/o Leopold Joseph (Bahamas) Limited, Third   
Floor, Euro Canadian Centre, Marlborough Street, Nassau, Bahamas, (v) E-Sales   
Investments Ltd., a Bahamas business corporation ("E-Sales"), which has offices 
at c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian Centre,     
Marlborough Street, Nassau, Bahamas, (vi) E-Trade Investments Ltd., a Bahamas   
business corporation ("E-Trade"), which has offices at c/o Leopold Joseph       
(Bahamas) Limited, Third Floor, Euro Canadian Centre, Marlborough Street,       
Nassau, Bahamas, and (vii) E-Business Investments Ltd., a Bahamas business      
corporation ("E-Business"), which has offices at c/o Leopold Joseph (Bahamas)   
Limited, Third Floor, Euro Canadian Centre, Marlborough Street, Nassau, Bahamas.
(GIN99, Lighthouse, E-Commerce, E-Links, E-Sales, E-Trade and E-Business are    
herein sometimes collectively referred to as the "Reporting Persons.")          

   The name, business address, present principal occupation or
employment and citizenship of each director and executive officer of each of the
Reporting Persons are set forth on Schedules I through VII hereto. During the   
past five years no Reporting Person nor, to the best knowledge of the Reporting 
Persons, any of the persons listed on Schedules I through VII has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors) 
or been a party to a civil proceeding of a judicial or administrative body of   
competent jurisdiction which resulted in him or it being 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.                      

           GIN99 acquired the Preferred Shares and Warrants (as such terms are
defined in Item 5(a)-(b)) in exchange for 100% of the membership interests in   
GIN99, pursuant to an Assignment Agreement dated April 9, 1999.                 

Item 4. Purpose of the Transaction.                                             

       GIN99 acquired the Preferred Shares and Warrants for investment
purposes. None of the Reporting Persons has any current plans or proposals which
relate to or would result in (a) the acquisition by any person of additional    
securities of the Issuer or the disposition of securities of the Issuer, (b) an 
extraordinary corporate transaction, such as a merger, reorganization or        
liquidation, involving the Issuer or any of its subsidiaries, (c) a sale or     
transfer of a material amount of assets of the Issuer or any of its             
subsidiaries, (d) any change in the present board of directors or management of 
the issuer, including any plans or proposals to change the number or term of    
directors or to fill any existing vacancies on the board, (e) any material      
change in the present capitalization or dividend policy of the Issuer, (f) any  
other material change in the Issuer's business or corporate structure, (g) any  
other change in the Issuer's charter, bylaws or instruments corresponding       
thereto or other actions which may impede the acquisition of control of the     
Issuer by any person, (h) a class of securities of the Issuer being delisted    
from a national securities exchange or to cease to be authorized to be quoted in
an                                                                              

9 

SC 13D 10th Page of 20 TOC 1st Previous Next ↓Bottom Just 10th
inter-dealer quotation system of a registered national securities association,  
(i) a class of equity securities of the Issuer becoming eligible for termination
of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of  
1934, or (j) any action similar to any of the enumerated actions in (a) through 
(i) above.                                                                      

Item 5. Interest in Securities of the Issuer.                                   

         (a)-(b) GIN99 owns 736,450 class B preferred shares of the Issuer
(the "Preferred Shares") and warrants to purchase Common Stock of the Issuer    
(the "Warrants"). Each Preferred Share is convertible at the option of the      
holder into 10 shares of Common Stock of the Issuer. Each Warrant expires on    
November 9, 2001 and entitles the holder to purchase 2,400,000 shares of Common 
Stock of the Issuer at a price of $0.24 per share. Accordingly, GIN99 may be    
deemed the beneficial owner of 9,764,500 shares of the Common Stock of the      
Issuer, representing 27.85% of the 35,057,086 shares of Common Stock (i)        
outstanding as of the date hereof, (ii) into which the Preferred Shares may be  
converted and (iii) for which the Warrants may be exercised.                    

    Pursuant to an Assignment Agreement dated April 9, 1999 (the
"Assignment Agreement"), 100% of the Type A and Type B membership units of GIN99
were transferred by assignment to Lighthouse. Lighthouse contributed a 20%      
interest in the Type B membership units of GIN99 to each of its wholly-owned    
subsidiaries, E-Commerce, E-Links, E-Sales, E-Trade and E-Business. Lighthouse, 
E-Commerce, E-Links, E-Sales, E-Trade and E-Business may each be deemed a       
beneficial owner of the shares of Common Stock of the Issuer beneficially owned 
by GIN99 by reason of the ownership by Lighthouse of each of E-Commerce,        
E-Links, E-Sales, E-Trade and E-Business, each of which in turn owns 20% of the 
membership interests of GIN99.                                                  

           Accordingly, for purposes of this Statement: (i) GIN99 is reporting
that it has the sole power to vote or direct the vote and the power to dispose  
or direct the disposition of the total of 9,764,500 shares of Common Stock      
beneficially owned by it, (ii) Lighthouse is reporting that it shares the power 
to vote or direct the vote and the power to dispose or direct the disposition of
the 9,764,500 shares of Common Stock beneficially owned by GIN99, (iii)         
E-Commerce is reporting that it shares the power to vote or direct the vote and 
the power to dispose or direct the disposition of the 9,764,500 shares of Common
Stock beneficially owned by GIN99, (iv) E-Links is reporting that it shares the 
power to vote or direct the vote and the power to dispose or direct the         
disposition of the 9,764,500 shares of Common Stock beneficially owned by GIN99,
(v) E-Sales is reporting that it shares the power to vote or direct the vote and
the power to dispose or direct the disposition of the 9,764,500 shares of Common
Stock beneficially owned by GIN99, (vi) E-Trade is reporting that it shares the 
power to vote or direct the vote and the power to dispose or direct the         
disposition of the 9,764,500 shares of Common Stock beneficially owned by GIN99,
and (vii) E-Business is reporting that it shares the power to vote or direct the
vote and the power to dispose or direct the disposition of the 9,764,500 shares 
of Common Stock beneficially owned by GIN99, in each case representing          
approximately 27.85% of the as adjusted shares of Common Stock outstanding.     

          Other than as described above, GIN99 has the sole power to vote or
direct the vote and to dispose or direct the disposition of all the shares of   
Common Stock stated to be beneficially owned by GIN99 in Items 5(a)-(b) hereof. 

(c)-(e) Not applicable.                                 

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

            The description that follows of certain provisions of the Assignment
Agreement and form of Warrant included as Exhibits 7.1 and 7.2, respectively,   
hereto, is not, and does not purport to be, complete, and is qualified in its   
entirety by reference to such Exhibits.                                         

         Pursuant to the Assignment Agreement, a copy of which is attached
hereto as Exhibit 7.1:                                                          

10

SC 13D 11th Page of 20 TOC 1st Previous Next ↓Bottom Just 11th
       (a) GIN99 holds 736,450 shares of Class B convertible Preferred
Shares of the Issuer, each share of which is convertible immediately into 10    
shares of Common Stock of the Issuer, and                                       

            (b) GIN99 also holds warrants to purchase 2,400,000 shares of Common
Stock of the Issuer, exercisable at a purchase price of $0.24 per share of      
Common Stock, at any time before November 9, 2001, a form of which is           
incorporated by reference as Exhibit 7.2.                                       

          Except as set forth herein or in the Exhibits filed or to be filed
herewith, no contracts, arrangements, understandings or relationships (legal or 
otherwise) between the Reporting Persons and any other person exists with       
respect to any securities of the Issuer, including but not limited to transfer  
or voting of any such securities, finder's fees, joint ventures, loan or option 
arrangements, puts or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies.                                        

Item 7. Material to be Filed as Exhibits.                                       

Exhibit 7.1 Assignment Agreement                        

Exhibit 7.2 Form of Warrant                             

           Exhibit 7.3 Agreement pursuant to Rule 13d-1(k)(1), filed herewith.

11

SC 13D 12th Page of 20 TOC 1st Previous Next ↓Bottom Just 12th
SIGNATURES

            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.                                                                        

Dated: March 17, 2000                                                           

          GIN99, LLC

                      By: /s/ Joseph Rotella
                             Name:  Joseph Rotella
                      Title: Manager

                                    LIGHTHOUSE CAPITAL INSURANCE COMPANY

                   By: /s/ Peter Jones
                         Name: Peter Jones
                        Title: Secretary

                           E-COMMERCE INVESTMENTS LTD.

                     By: /s/ Ivylyn Cassar
                           Name: Ivylyn Cassar
                                   Title: Director - Ibis S.A.

                        E-LINKS INVESTMENTS LTD.

                     By: /s/ Ivylyn Cassar
                           Name: Ivylyn Cassar
                                   Title: Director - Ibis S.A.

12

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                        E-SALES INVESTMENTS LTD.

                     By: /s/ Ivylyn Cassar
                           Name: Ivylyn Cassar
                                   Title: Director - Ibis S.A.

                        E-TRADE INVESTMENTS LTD.

                     By: /s/ Ivylyn Cassar
                           Name: Ivylyn Cassar
                                   Title: Director - Ibis S.A.

                           E-BUSINESS INVESTMENTS LTD.

                     By: /s/ Ivylyn Cassar
                           Name: Ivylyn Cassar
                                   Title: Director - Ibis S.A.

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SCHEDULE I

 INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
GIN99, LLC

          Set forth in the table below is the name and the present principal
occupation or employment of the sole manager of GIN99, LLC, who has a principal 
business address of 200 Park Avenue, c/o Clifford Chance Rogers & Wells LLP, New
York, New York 10166.                                                           

Name               Present Principal Occupation or Employment       Citizenship 
----               ------------------------------------------       ----------- 

Joseph Rotella    Attorney, Clifford Chance Rogers & Wells LLP     United States

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 SCHEDULE II

 INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
LIGHTHOUSE CAPITAL INSURANCE COMPANY

          Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of     
Lighthouse Capital Insurance Company. Each person listed below has a principal  
business address of Anderson Square, Georgetown, Grand Cayman, Cayman Islands.  

Name               Present Principal Occupation or Employment       Citizenship 
----               ------------------------------------------       ----------- 
Kenneth Black III   Director/President, Lighthouse Capital         United States
Insurance Company                       

Colin Murdoch-      Director/Vice President, Lighthouse              Bermuda    
Muirhead       Capital Insurance Company                              

David Richardson    Director/Treasurer, Lighthouse Capital        Cayman Islands
Insurance Company                       

Aon Insurance       Insurance Managers                            Cayman Islands
Managers (Cayman)                                                               
Ltd.                                                                            

Ian Fair            Director, Lighthouse Capital                  Cayman Islands
Insurance Company                       

James Walker        Attorney                                       United States

Peter Jones         Director/Secretary, Lighthouse Capital        Cayman Islands
Insurance Company                       
15

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SCHEDULE III

 INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
 E-COMMERCE INVESTMENTS LTD.

          Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of     
E-Commerce Investments Ltd. Each person listed below has a principal business   
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian     
Centre, Marlborough Street, Nassau, Bahamas.                                    

Name               Present Principal Occupation or Employment       Citizenship 
----               ------------------------------------------       ----------- 

Ibis S.A.                        Not applicable                       Bahamas   
Juniper S.A.                     Not applicable                       Bahamas   

The directors and                                                               
executive officers of                                                           
both Ibis S.A. and                                                              
Juniper S.A. are:                                                               

Ivylyn Cassar     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
David Lunn        Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Dillon Dean       Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Erica Knowles     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Deborah Garland   Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   

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 SCHEDULE IV

 INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
E-LINKS INVESTMENTS LTD.

          Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of     
E-Links Investments Ltd. Each person listed below has a principal business      
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian     
Centre, Marlborough Street, Nassau, Bahamas.                                    

Name               Present Principal Occupation or Employment       Citizenship 
----               ------------------------------------------       ----------- 

Ibis S.A.                        Not applicable                       Bahamas   
Juniper S.A.                     Not applicable                       Bahamas   

The directors and                                                               
executive officers of                                                           
both Ibis S.A. and                                                              
Juniper S.A. are:                                                               

Ivylyn Cassar     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
David Lunn        Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Dillon Dean       Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Erica Knowles     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Deborah Garland   Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   

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SCHEDULE V

 INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
E-SALES INVESTMENTS LTD.

          Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of     
E-Sales Investments Ltd. Each person listed below has a principal business      
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian     
Centre, Marlborough Street, Nassau, Bahamas.                                    

Name               Present Principal Occupation or Employment       Citizenship 
----               ------------------------------------------       ----------- 

Ibis S.A.                        Not applicable                       Bahamas   
Juniper S.A.                     Not applicable                       Bahamas   

The directors and                                                               
executive officers of                                                           
both Ibis S.A. and                                                              
Juniper S.A. are:                                                               

Ivylyn Cassar     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
David Lunn        Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Dillon Dean       Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Erica Knowles     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Deborah Garland   Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   

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 SCHEDULE VI

 INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
E-TRADE INVESTMENTS LTD.

          Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of     
E-Trade Investments Ltd. Each person listed below has a principal business      
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian     
Centre, Marlborough Street, Nassau, Bahamas.                                    

Name               Present Principal Occupation or Employment       Citizenship 
----               ------------------------------------------       ----------- 

Ibis S.A.                        Not applicable                       Bahamas   
Juniper S.A.                     Not applicable                       Bahamas   

The directors and                                                               
executive officers of                                                           
both Ibis S.A. and                                                              
Juniper S.A. are:                                                               

Ivylyn Cassar     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
David Lunn        Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Dillon Dean       Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Erica Knowles     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Deborah Garland   Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   

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SCHEDULE VII

 INFORMATION REGARDING THE DIRECTORS AND EXECUTIVE OFFICERS OF
 E-BUSINESS INVESTMENTS LTD.

          Set forth in the table below is the name and the present principal
occupation or employment of each of the directors and executive officers of     
E-Business Investments Ltd. Each person listed below has a principal business   
address of c/o Leopold Joseph (Bahamas) Limited, Third Floor, Euro Canadian     
Centre, Marlborough Street, Nassau, Bahamas.                                    

Name               Present Principal Occupation or Employment       Citizenship 
----               ------------------------------------------       ----------- 

Ibis S.A.                        Not applicable                       Bahamas   
Juniper S.A.                     Not applicable                       Bahamas   

The directors and                                                               
executive officers of                                                           
both Ibis S.A. and                                                              
Juniper S.A. are:                                                               

Ivylyn Cassar     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
David Lunn        Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Dillon Dean       Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Erica Knowles     Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   
Deborah Garland   Bank Employee, Leopold Joseph (Bahamas) Limited     Bahamas   

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D’ Filing	Date	First	Last	Other Filings

	11/9/01	10	11
Filed on:	3/20/00			3
	3/17/00	12		3
	3/7/00	1		3
	4/9/99	9	10
				List all Filings

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Filing Submission 0000897204-00-000042 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

GIN99 LLC, et al. – ‘SC 13D’ on 3/20/00 re: Avitar Inc/DE

On: Monday, 3/20/00 · Accession #: 897204-0-42 · File #: 5-58723

General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

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