SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No.8)*
Sales Online Direct, Inc.
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(Name of Issuer)
Common Stock of the Par Value of $0.001 Per Share
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(Title of Class of Securities)
794661108
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(CUSIP Number)
Alan Richard Sachs, Esquire; West Road Corporate Center, Suite 227, 110 West
Road, Towson, Maryland 21204;
(410)847-9100
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
February 1, 2002
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13D to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box |_|.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
(Continued on following pages)
(Page 1 of 8 Pages)
_____________
*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 in 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).
SCHEDULE 13D
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CUSIP No. 794661108 Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marc L. Stengel
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) X(1)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES
7,669,619
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
-0-
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
7,669,619
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PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,669,619
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.2%(2)
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1 Footnote 1 to Item 2 of the Cover Page of Stengel's Schedule 13D, that was
filed on May 31, 2001, with the Securities and Exchange Commission ("SEC")is
incorporated by reference herein. The Maryland Case was settled among all the
parties thereto pursuant to a Settlement Agreement dated October 23, 2001.
2 Assumes 75,074,117 shares of common stock of the Company are outstanding, as
reported by the Company in the Company's Form 10-QSB filed with the SEC for the
Company's fiscal quarter ended September 30, 2001.
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
Schedule 13D
Item 1. Security and Issuer
This statement on Schedule 13D relates to the shares of common stock
of the par value of $0.001 per share (the "Common Stock") of Sales Online
Direct, Inc. (the "Company"), a Delaware corporation. The address of the
Company's principal executive offices is 4 Brussels Street, Worcester,
Massachusetts 01610, as reported by the Company in the Company's Form 10-QSB
filed with the Securities and Exchange Commission (the "SEC") for the
Company's fiscal quarter ended September 30, 2001.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on February 1, 2002, Stengel
beneficially owned 7,669,619 shares of the Common Stock of the Company, that
represented as of the close of business on February 1, 2002, 10.2% of the
issued and outstanding Common Stock of the Company, based on the 75,074,117
shares of Common Stock outstanding, as reported by the Company in the
Company's Form 10-QSB filed with the SEC for the Company's fiscal quarter
ended September 30, 2001.
(b) Stengel has sole power to vote and sole power to dispose of all
shares of Common Stock of the Company beneficially owned by Stengel.
(c) A description of all transactions in the Common Stock of the
Company that were effected by Stengel during the past 60 days or since the
most recent filing on Schedule 13D, whichever is less, is set forth on
Schedule A attached hereto and incorporated by reference herein.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale
of, Stengel's shares of Common Stock of the Company.
(e) Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: February 4, 2002
By: /s/ Marc L. Stengel
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Marc L. Stengel
SCHEDULE A
Schedule of Transactions in the Shares
No. of Price Per
Name Date Shares Sold Share(1)
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Common Stock,
Par Value $0.001
Per Share January 7, 2002 10,000 $0.055
10,000 0.059
10,000 0.062
10,000 0.063
10,000 0.064
5,000 0.067
5,000 0.075
10,000 0.079
January 8, 2002 10,000 0.085
10,000 0.088
10,000 0.0915
30,000 0.095
10,000 0.097
40,000 0.099
10,000 0.10
10,000 0.102
10,000 0.103
5,000 0.106
10,000 0.107
10,000 0.117
January 9, 2002 10,000 0.08
10,000 0.085
10,000 0.086
1,000 0.09
10,000 0.099
6,500 0.1040
20,000 0.105
2,000 0.107
10,000 0.11
No. of Price Per
Name Date Shares Sold Share(1)
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20,000 0.112
2,500 0.113
January 10, 2002 5,000 0.08
15,000 0.083
10,000 0.085
40,000 0.09
January 11, 2002 10,000 0.087
10,000 0.088
15,000 0.09
10,000 0.091
January 14, 2002 10,000 0.095
January 15, 2002 10,000 0.089
10,000 0.09
10,000 0.095
January 16, 2002 10,000 0.089
10,000 0.09
January 18, 2002 27,500 0.08
January 22, 2002 10,000 0.08
January 23, 2002 10,000 0.06
10,000 0.061
10,000 0.064
January 24, 2002 10,000 0.075
10,000 0.0751
January 25, 2002 10,000 0.07
10,000 0.074
10,000 0.075
January 29, 2002 10,000 0.069
January 30, 2002 10,000 0.063
January 31, 2002 10,000 0.065
10,000 0.067
February 1, 2002 10,000 0.10
10,000 0.105
10,000 0.11
10,000 0.12
30,000 0.125
No. of Price Per
Name Date Shares Sold Share(1)
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10,000 0.1275
40,000 0.13
10,000 0.132
10,000 0.14
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1 Does not include brokerage commission.