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TOPIC: GNDV-General Devices Inc.

GNDV-General Devices Inc. 12 years 11 months ago #930

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[Reverse split]
GNDV filed to do a 1 for 5 reverse split.

Halter paid about $0.217/share for his stock per 8k.

On September 26, 2005, Asset Value Fund Limited Partnership, J. Steven Emerson and G. Tyler Runnels, who are three stockholders of Registrant holding in the aggregate 2,293,810 shares of Common Stock, representing 63.8% of all shares outstanding, signed a Stock Purchase Agreement to sell such shares to Halter Capital Corporation ("HCC"), a Texas corporation, in exchange for cash of $498,199.47, the source of which was the buyer's working capital.

On October 18, 2005, the acquisition of the shares by HCC was closed. In addition, G. Tyler Runnels signed Stock Purchase Agreements to sell an additional 200,000 shares of Common Stock to two unrelated individuals, in exchange for cash of $43,438.60, the source of which was the buyers' personal funds. On the same day, the existing Board of Directors of Registrant resigned and appointed Kevin B. Halter, Jr., who is a principal of HCC, and Pam J. Halter, who is the spouse of Kevin B. Halter, the other principal of HCC, as directors of Registrant. The newly appointed Board appointed Kevin B. Halter, Jr. as President, and Pam J. Halter, as Secretary and Treasurer of Registrant. The Registrant's principal office was relocated from Bedminster, New Jersey, to Frisco, Texas.

SEC 8K Filing

SEC PRE14C Filing
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GNDV-General Devices Inc. 13 years 2 weeks ago #927

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[Halter Capital purchased the GNDV shell]
They paid $498k.

Pursuant to a Stock Purchase Agreement dated as of September 26, 2005 (the "Agreement"), Halter Capital Corporation ("HCC") has agreed to acquire 2,293,810 shares of Common Stock from Asset Value Fund Limited Partnership, the Company's principal stockholder, and two other stockholders in exchange for cash of $498,199.47. In addition, concurrently with the Closing of the Agreement, two unaffiliated purchasers will acquire 200,000 shares of common stock from one of the sellers. The shares to be sold to HCC and the other purchasers will
represent 69.3% of all shares of Common Stock outstanding.

SEC Filing
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GNDV-General Devices Inc. 14 years 9 months ago #540

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[GNDV-General Devices Inc.]
Open for discussion.
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