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GENCOR INDUSTRIES INC Major Shareholding Notification 2004

Aug 25, 2004

33664_mrq_2004-08-26_02eac4c7-0c35-412c-81d5-3cf5f133ec39.zip

Major Shareholding Notification

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SC 13D/A 1 a04-9977_1sc13da.htm SC 13D/A

| UNITED
STATES | OMB APPROVAL |
| --- | --- |
| SECURITIES
AND EXCHANGE COMMISSION | OMB Number: 3235-0145 |
| Washington,
D.C. 20549 | Expires: December 31,
2005 |
| SCHEDULE
13D | Estimated average burden
hours per response. . 11 |

Under the Securities Exchange Act of 1934 (Amendment No. 2)*

*GENCOR INDUSTRIES, INC.*

(Name of Issuer)

*Common Stock*

(Title of Class of Securities)

*368678108*

(CUSIP Number)

*Harvey Houtkin, 160 Summit Avenue, Montvale, NJ 07645 (201) 782-0888*

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

*August 24, 2004*

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

*Note* : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

  • 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 (“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).

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| 2. | Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) N/A — Check
the Appropriate Box if a Member of a Group (See Instructions) | |
| --- | --- | --- |
| | (a) | o |
| | (b) | o |
| 3. | SEC
Use Only | |
| 4. | Source
of Funds (See Instructions) PF, WC | |
| 5. | Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) N/A | |
| 6. | Citizenship or Place of Organization United States | |
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole
Voting Power 696,654 |
| | 8. | Shared
Voting Power 946,075 |
| | 9. | Sole
Dispositive Power 696,654 |
| | 10. | Shared Dispositive Power 946,075 |
| 11. | Aggregate
Amount Beneficially Owned by Each Reporting Person 1,642,729 | |
| 12. | Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) o | |
| 13. | Percent
of Class Represented by Amount in Row (11) 23.7% | |
| 14. | Type of Reporting Person
(See Instructions) IN | |

2

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Item 1. Security and Issuer
Class A Common Stock Gencor Industries, Inc. 5201 North Orange Blossom Trail Orlando, FL 32810
Item 2. Identity and Background
(a) Name of Person Filing: Harvey Houtkin
(b) Residence or business address: 160 Summit Avenue, Montvale, NJ 07645
(c) Present principal occupation or employment and the
name, principal business and address of any corporation or other organization
in which such employment is conducted: Chief Executive Officer, Domestic Securities, Inc.,
an NASD registered broker/dealer located at 160 Summit Avenue, Montvale, New Jersey 07645
(d) Whether or not, during the last five years, such
person has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) and, if so, give the dates, nature of
conviction, name and location of court, any penalty imposed, or other
disposition of the case: None
(e) Whether or not, during the last five years, such
person was a party to a civil

3

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| | proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is 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; and, if so, identify
and describe such proceedings and summarize the terms of such judgment,
decree or final order: In June 2001 Mr. Houtkin
entered into a consent agreement with the National Association of Securities
Dealers, Inc. in connection with charges that, among other things, Mr. Houtkin violated Article III, Section 3 of the NASD
By-Laws, NASD Rules 1031, 2110, 2210 and 9522 and Section 15B(6)(B)(ii)
of the Securities Exchange Act of 1934 in connection with registration and
communications with the public practices.
Mr. Houtkin was suspended in all capacities
for 15 days and in a principal and supervisory capacity for 105 days and
fined $50,000. |
| --- | --- |
| | (f) Citizenship: United States |
| Item 3. | Source and Amount of Funds or Other Consideration |
| | Personal Funds as to stock held by Harvey Houtkin, his wife Sherry Houtkin,
and his sons Stuart Houtkin, Brad Houtkin and Michael Houtkin;
Working Capital as to stock held by Attain Services Corp. and Domestic
Securities, Inc. |
| Item 4. | Purpose of Transaction |
| | As
previously disclosed in the Reporting Person’s Schedule 13D, the Reporting
Person purchased the stock of the Issuer for investment purposes. Domestic Securities, Inc., of which Mr. Houtkin is the Chief Executive Officer and an indirect
controlling stockholder, is a market maker in the stock of the Issuer and
purchased the stock for its market making activities as well as for
investment purposes. Attain Services
Corp., of which Mr. Houtkin is the Chief Executive
Officer and an indirect controlling stockholder, purchased the stock for
investment purposes. Also, as
previously disclosed, the Reporting Person,
Domestic Securities, Inc. and Attain Services Corp. believe that the
November 2003 tender offer by the Issuer was grossly inadequate and not in
the best interests of the public stockholders of the Issuer. By press release dated December 30, 2003,
the Issuer withdrew the tender offer. |
| | The
Reporting Person, Domestic Securities, Inc. and Attain Services Corp. have
reviewed the Issuer’s filings with the Securities and Exchange Commission
(“SEC”) and believe that they contain misleading statements, that there are
material omissions, and that such filings, and the financial |

4

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| statements included therein, are fraudulent. On March 15, 2004, Domestic Securities,
Inc., Attain Services Corp. and Joseph A. Ross, a stockholder of the
Issuer, filed suit against the Issuer
and three of its directors, E.J. Elliott, John Elliott and Randolph Fields,
in the United States District Court for the Southern District of Florida
seeking a temporary restraining order to, among other things, (i) prohibit
any further fraudulent filings by the Issuer with the SEC and (ii) appoint a
monitor to investigate and oversee the affairs of the Issuer and report back
to the court. |
| --- |
| On
August 24, 2004, the Reporting Person was informed that Carbontronics
holds in escrow for the benefit of the General Partner approximately
$35,800,000.00. Gencor
is entitled to 45 percent of such amount, or approximately $16,110,000.00. |
| The
Reporting Person also was informed on August 24, 2004, that an additional
approximately $22,500,000.00 is held in escrow for another General Partner
entity. Gencor
is also entitled to at least 25 percent of this amount, or approximately
$5,625,000.00. Gencor
has instituted a lawsuit against the other principals of this second entity,
claiming Gencor is entitled to 45 percent. If Gencor is
successful, Gencor’s share of the amount escrowed
for the second entity would equal approximately $10,125,000.00. |
| Finally,
the Reporting Person was informed that the results of the IRS audit of Carbontronics are expected before the end of 2004. |
| Mr. Houtkin, Domestic Securities, Inc. and Attain Services
Corp. believe that the information in the foregoing three paragraphs is
material to the Issuer’s financial condition and should have been disclosed
in the Issuer’s filings with the SEC. |
| The
Reporting Person intends to continue to review his investment in the Issuer
with the primary objective of maximizing its value. In this regard, based upon such review, the
Reporting Person will consider various alternative courses of action and will
in the future take such actions with respect to its investment in the Issuer
as he deems appropriate. Such actions
may include, but are not limited to, engaging in discussions with the
management and board of directors of the Issuer regarding the business,
operations and future plans of the Issuer, making recommendations to the
board of directors for the appointment of one or more independent directors,
communicating with other stockholders, and seeking changes in the board of
directors. |
| Such
actions may also involve the purchase of additional shares of common stock
both as market maker and as an investor and, alternatively, may involve the
sale of all or a portion of the shares held by the Reporting Person |

5

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| in the open market or in privately negotiated
transactions to one or more financial or strategic purchasers. As a result of the foregoing, the Reporting
Person’s position with respect to the Issuer may not be considered solely
that of a passive investor. There can
be no assurance, however, that the Reporting Person will take any of the
actions set forth above. |
| --- |
| Describe
any plans or proposals which the reporting persons may have 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: |
| Mr.
and/or Mrs. Houtkin and/or their sons Stuart, Brad
and Michael Houtkin, and Attain Services Corp. may
purchase additional shares of the Issuer’s stock, or may sell all or a
portion of the shares of the Issuer’s stock owned by them, but have no
present plans to do so. Domestic
Securities, Inc. is a market maker in the Issuer’s stock and trades the stock
actively. |
| (b) An extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the issuer or any of its
subsidiaries: |
| None |
| (c) A sale or transfer of a material amount
of assets of the issuer or any of its subsidiaries. |
| None |
| (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: |
| Mr. Houtkin believes that the Issuer’s Board should consist
of a majority of truly independent directors, representative of the public
shareholders, who would also comprise the Issuer’s Audit Committee, the
Issuer’s Nominating Committee and the Issuer’s Compensation Committee. |
| (e) Any material change in the present capitalization or
dividend policy of the issuer: |
| Mr. Houtkin believes that the present management’s ability to
control the composition of the Issuer’s Board through their control of the |

6

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| | Class
B shares, which have the right to elect 75% of the Issuer’s
directors, is not in the best interest of the public shareholders and
intends to take steps to attempt to effectuate a change in such power of the
Class B shares. |
| --- | --- |
| | (f) Any other material change in the issuer’s business
or corporate structure, including but not limited to, if the issuer is a
registered closed-end investment company, any plans or proposals to make any
changes in its investment policy for which a vote is required by section 13
of the Investment Company Act of 1940: |
| | None |
| | (g) Changes 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: |
| | None |
| | (h) Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease
to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association: |
| | None |
| | (i) A class of equity securities of the issuer becoming
eligible for termination of registration pursuant to Section 12(g)(4) of the
Act: |
| | None |
| | (j) Any action similar to any of those enumerated above: |
| | None. |
| Item 5. | Interest in Securities of the Issuer |
| | (a) State the aggregate number and percentage of the
class of securities of the issuer identified pursuant to Item 1 (which may be
based on the number of securities outstanding as contained in the most
recently available filing with the Commission by the issuer unless the filing
person has reason to believe such information is not current) beneficially
owned (identifying those shares which there is a right to acquire) by each
person named in Item 2. The above
mentioned information should also be furnished with respect to persons who,
together with any of the persons named in Item 2, comprise a |

7

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| group
within the meaning of Section 13(d)(3) of the Act: |
| --- |
| Amount
beneficially owned: 1,642,729 shares (includes 583,780 shares owned by Mr. Houtkin’s wife Sherry Houtkin,
as to which Mr. Houtkin disclaims beneficial
ownership); 43,809 shares owned by Mr. Houtkin’s
son Stuart Houtkin; 67,070 shares owned by Mr. Houtkin’s son Brad Houtkin, as
to which Mr. Houtkin disclaims beneficial
ownership; 26,830 shares owned by Mr. Houtkin’s son
Michael, as to which Mr. Houtkin disclaims
beneficial ownership; 5,000 shares owned by Attain Services Corp., of which
Mr. Houtkin is chief executive officer, secretary,
a director and a 50 percent indirect beneficial owner; and 219,586 shares
owned by Domestic Securities, Inc., of which Mr. Houtkin
is chief executive officer, secretary, a director and a 50 percent indirect
beneficial owner. |
| Percent
of class 23.7% |
| (b) For each person named in response to paragraph (a),
indicate the number of shares as to which there is sole power to vote or to
direct the vote, shared power to vote or to direct the vote, sole power to
dispose or to direct the disposition, or shared power to dispose or to direct
the disposition. Provide the
applicable information required by item 2 with respect to each person with
whom the the power to vote or to direct the vote or
to dispose or direct the disposition is shared: |

Sole power to vote or to direct the vote 696,654
Shared power to vote or to direct the vote 946,075
Shared with the co-director of Domestic Securities, Inc., Mark Shefts 219,586
Shared with the co-director of Attain Services Corp., Mark Shefts 5,000
Owned by Sherry Houtkin, Mr. Houtkin’s wife 583,780
Owned by Stuart Houtkin, Mr. Houtkin’s son 43,809
Owned by Brad Houtkin, Mr. Houtkin’s son 67,070
Owned by Michael Houtkin, Mr. Houtkin’s son 26,830
Sole power to dispose or to direct the
disposition of 696,654
Shared power to dispose or to direct the
disposition of 946,075

8

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Shared with the co-director of Domestic Securities, Inc., Mark Shefts 219,586
Shares with the co-director of Attain Services Corp., Mark Shefts 5,000
Owned by Sherry Houtkin, Mr. Houtkin’s wife 583,780
Owned by Stuart Houtkin, Mr. Houtkin’s son 43,809
Owned by Brad Houtkin, Mr. Houtkin’s son 67,070
Owned by Michael Houtkin, Mr. Houtkin’s son 26,830

| (c) Describe any transactions in the class of securities
reported on that were effected during the past sixty days or since the most
recent filing on Schedule 13D (§ 240.13d-191), whichever is less, by the
persons named in response to paragraph (a). |
| --- |
| All
of the following transactions were effected for Domestic Securities,Inc.
as a market maker on the Pink Sheets |

Date Type Amount Price
6/28/04 B 1,000 $ 58,100.00
6/29/04 B 100 710.00
6/29/04 B 100 740.00
6/29/04 B 500 3,625.00
6/29/04 B 500 3,550.00
6/29/04 S 5,000 35,950.00
6/29/04 B 3,000 21,360.00
6/29/04 S 5,000 35,850.00
6/29/04 S 5,000 36,000.00
6/29/04 B 250 1.787.50
6/29/04 B 2,000 14,400.00
6/29/04 B 1,000 7,150.00
6/29/04 B 5,000 35,750.00
6/29/04 B 2,000 14,300.00
6/29/04 S 3,000 21,600.00
6/29/04 B 5,000 36,500.00
6/29/04 B 2,300 16,560.00
6/29/04 S 7,500 53,625.00
6/29/04 S 2,300 16,560.00
6/30/04 B 7,500 54,000.00
6/30/04 B 500 3,525.00

9

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6/30/04 B 4,000 27,360.00
6/30/04 B 1,650 11,302.50
6/30/04 S 10,000 70,000.00
6/30/04 B 2,500 17,125.00
6/30/04 B 2,500 17,125.00
6/30/04 B 10,000 69,900.00
6/30/04 B 3,900 26,715.00
6/30/04 B 200 1,460.00
7/1/04 B 500 3,425.00
7/2/04 S 5,000 35,000.00
7/6/04 B 500 3,325.00
7/6/04 B 125,000 625,000.00 *
7/7/04 B 3,500 24,500.00
7/7/04 B 1,500 10,500.00
7/7/04 B 100 740.00
7/8/04 B 226 1,593.30
7/8/04 B 100 740.00
7/9/04 B 400 2,820.00
7/9/04 B 700 5,215.00
7/9/04 B 1,000 7,100.00
7/9/04 S 5,000 37,500.00
7/12/04 B 5,650 39,550.00
7/12/04 B 500 3,500.00
7/12/04 B 500 3,500.00
7/13/04 B 3,600 25,020.00
7/14/04 B 300 2,100.00
7/15/04 B 1,000 7,000.00
7/15/04 B 500 3,400.00
7/16/04 B 813 5,284.50
7/16/04 B 2,500 15,750.00
7/16/04 B 3,000 18,450.00
7/20/04 S 125,000 625,000.00
7/20/04 B 500 3,250.00
7/20/04 B 300 1,905.00
7/21/04 B 500 3,175.00
7/21/04 B 200 1,270.00
7/21/04 B 2,000 13,000.00
7/21/041 B 1,700 11,050.00
7/21/04 B 200 1,340.00
7/22/04 B 500 1,340.00
7/22/04 B 5,000 34,000.00
7/22/04 B 2,500 17,000.00
7/22/04 B 3,000 21,060.00
7/22/04 B 6,500 45,500.00
7/22/04 B 500 3,600.00
  • Shares were purchased by Domestic Securities from Mr. Houtkin.

10

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7/22/04 B 500 3,725.00
7/22/04 B 500 3,750.00
7/22/04 B 1,200 9,012.00
7/22/04 B 500 3,850.00
7/22/04 B 1,000 7,700.00
7/22/04 B 500 3,975.00
7/22/04 B 500 4,000.00
7/22/04 B 100 800.00
7/22/04 S 10,000 77,500.00
7/22/04 S 4,000 31,000.00
7/22/04 S 8,000 62,000.00
7/22/04 B 100 790.00
7/23/04 B 500 3,775.00
7/23/04 B 500 3,700.00
7/23/04 B 500 3,725.00
7/23/04 B 500 3,675.00
7/23/04 B 500 3,675.00
7/23/04 B 1,000 7,350.00
7/26/04 S 1,200 9,360.00
7/26/04 B 100 800.00
7/26/04 S 1,700 13,549.00
7/26/04 B 100 805.00
7/26/04 B 500 3,950.00
7/27/04 B 500 3,975.00
7/27/04 B 100 810.00
7/27/04 B 1,000 8,000.00
7/27/04 B 2,500 20,125.00
7/27/04 S 2,000 16,300.00
7/27/04 B 500 4,000.00
7/27/04 B 500 4,000.00
7/27/04 B 1,004 7,931.60
7/27/04 B 1,000 7,900.00
7/27/04 B 100 820.00
7/27/04 B 500 3,950.00
7/27/04 B 900 7,020.00
7/27/04 B 500 3,960.00
7/27/04 B 100 800.00
7/28/04 B 800 6,280.00
7/28/04 B 500 3,825.00
7/28/04 B 500 3,775.00
7/28/04 B 500 3,750.00
7/30/04 B 500 3,750.00
7/30/04 S 500 3,750.00
7/30/04 B 1,000 7,500.00
8/2/04 B 2,789 20,932.84

11

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8/2/04 B 500 3,775.00
8/3/04 B 500 3,725.00
8/3/04 S 2,000 13,040.00
8/4/04 S 1,000 7,650.00
8/4/04 B 925 6,937.50
8/5/04 B 400 3,100.00
8/5/04 B 2,000 15,200.00
8/5/04 B 100 780.00
8/6/04 B 1,800 13,590.00
8/6/04 B 1,500 11,325.00
8/6/04 B 500 3,700.00
8/6/04 B 1,200 8,940.00
8/6/04 B 1,500 11,175.00
8/9/04 B 500 3,675.00
8/9/04 B 1,000 7,250.00
8/9/04 B 1,300 9,295.00
8/9/04 B 1,500 10,650.00
8/11/04 B 500 3,500.00
8/11/04 B 500 3,400.00
8/12/04 B 1,500 9,825.00
8/12/04 B 650 4,257.50
8/12/04 B 1,000 6,550.00
8/12/04 B 300 1,935.00
8/12/04 S 1,900 12,635.00
8/12/04 S 50,000 327,500.00 *
8/12/04 B 1,500 9,675.00
8/13/04 B 500 3,250.00
8/13/04 B 350 2,275.00
8/16/04 B 200 1,290.00
8/16/04 B 2,700 18,225.00
8/16/04 B 100 700.00
8/16/04 B 1,000 7,050.00
8/16/04 B 2,500 17,750.00
8/16/04 B 1,000 7,000.00
8/16/04 B 100 725.00
8/16/04 B 100 750.00
8/16/04 S 3,000 20,850.00
8/17/04 B 1,000 6,900.00
8/17/04 B 800 5,505.00
8/17/04 B 1,000 6,900.00
8/17/04 B 1,000 6,850.00
8/17/04 B 1,500 10,200.00
8/17/04 S 500 3,400.00
8/17/04 B 1,000 6,750.00
8/18/04 B 1,500 9,425.00
  • Shares were sold by Domestic Securities to Mr. Houtkin.

12

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8/18/04 S 1,000 6,300.00
8/18/04 B 500 3,150.00
8/18/04 B 2,800 17,780.00
8/19/04 S 500 3,425.00
8/20/04 B 100 700.00
8/23/04 B 100 700.00
8/23/04 B 300 2,160.00
8/24/04 B 508 3,302.00
8/24/04 S 250 1,725.00
8/24/04 B 100 700.00
Shares
owned by Domestic Securities, Inc. and Attain Services Corp., and the power
to direct the receipt of dividends from, or the proceeds from the sale of,
the common stock of the issuer, are shared equally by the co-directors of
each of such corporations, Mark Shefts and Harvey Houtkin.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Describe
any contracts, arrangements, understandings or relationships (legal or
otherwise) among the persons named in Item 2 and between such persons and any
person with respect to any securities of the issuer, including, but not
limited to transfer or voting of any of the securities, finder’s fees, joint
ventures, loan or option arrangements, put or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of proxies, naming
the persons with whom such contracts, arrangements, understandings or
relationships have been entered into.
Include such information for any of the securities that are pledged or
otherwise subject to a contingency the occurrence of which would give another
person voting power or investment power over such securities except that
disclosure of standard default and similar provisions contained in loan
agreements need not be included.
None;
however Domestic Securities, Inc. and Attain Services Corp. are co-plaintiffs
in the suit filed against the Issuer and three of its directors, E.J.
Elliott, John Elliott and Randolph Fields, as described in Item 4 above.

13

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Item 7.
None

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.

| August
25, 2004 |
| --- |
| Date |
| s/Harvey Houtkin |
| Signature |

14

SEQ.=1,FOLIO='14',FILE='C:\JMS\dtu\04-9977-1\task177492\9977-1-ba.htm',USER='dtu',CD='Aug 25 17:03 2004'