SECURITIES AND EXHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) July 16, 2001
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VIEW SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Florida 1-15247 59-2928366
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(State or other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
Gunther Than, 925 West Kenyon Avenue, Suite 15, Englewood Colorado 21046
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(Address of Principal Executive Offices/Zip Code)
Registrant's telephone number, including area code: (303) 783-9153
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Not Applicable
(Former Name or Former Address, if changed since last Report)
ITEM 5. OTHER EVENTS
View Systems, Inc. (the "Registrant") disputes the claim of beneficial
ownership by Rubin Investment Group ("Rubin"). In its Schedule 13D filing on
July 12, 2001, Rubin claimed beneficial ownership of 2,235,000 shares that it
may acquire upon the exercise of certain warrants. The warrants were originally
issued by the Registrant in consideration of Rubin's undertaking to perform
certain services for the Registrant. Rubin failed to perform, causing
substantial harm to the Registrant, and, as a result, on January 9, 2001, the
Registrant notified Rubin that it cancelled the warrants.
Rubin also misrepresented the percentage of Registrant stock covered by
warrants. Rubin's Schedule 13D stated that the warrant shares represented 19.2%
of the Registrant's common stock based on 9,054,120 outstanding shares. In fact,
the Registrant reported in its latest publicly filed document 14,871,620
outstanding shares at the time of filing of the Schedule 13D, so that the
warrant shares would actually represent only 13.0%, if the warrants were in
effect.
The Registrant has instructed its transfer agent not to issue any shares of
common stock upon any attempted exercise of any portion of the warrants.
The Registrant has also notified the SEC of Rubin's errant filing and has
requested the SEC to take appropriate action.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) and (b) Not Applicable.
(c) Exhibits. Press Release Dated July 16, 2001 regarding the claim of
beneficial ownership of View Systems, Inc. common stock by Rubin Investment
Group.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has dully caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
View Systems, Inc.
(Registrant)
Date: 07/16/01 /s/ Gunther Than
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Gunther Than
President and
Chief Executive Officer