Section 3 - Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities
On June 15, 2005, View Systems, Inc.'s Board of Directors authorized the
issuance of 7,171,725 shares of Series A Preferred Stock. These shares of
Series A Preferred Stock will be issued to Gunther Than, our Chief Executive
Officer and Director, in consideration for $573,738 that he invested in the
company.
Item 3.03 Material Modification to Rights of Security Holders
Each share of Series A Preferred has a liquidation preference, in the event of
liquidation of the corporation, of $0.01 per share before any payment or
distribution is made to the holders of common stock. The Series A Preferred
has no conversion rights into common stock. Each share of Series A Preferred
is entitled to fifteen votes and shall be entitled to vote on any matters
brought to a vote of the common stock shareholders.
Section 5 - Corporate Governance and Management
Item 5.01 Changes in Control of the Company
The 7,171,725 shares of Series A Preferred represent 107,575,875 votes on any
matter brought to a shareholder vote. As of June 29, 2005, we had 81,530,422
common shares outstanding and when the votes of the Series A Preferred is
combined with the votes of the outstanding common stock, the 7,171,725 shares
of the Series A Preferred represent 56.9% of the total voting power.
SIGNATURES
Pursuant to the requirements of the Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
VIEW SYSTEMS, INC.
/s/ Gunther Than
Date: July 1, 2005 By: _____________________________________
Gunther Than
Chief Executive Officer, Treasurer and Director