VOXCOM HOLDINGS INC
SC 13G/A, 1999-10-15
CONSUMER CREDIT REPORTING, COLLECTION AGENCIES
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                                (Amendment No. 1)

                              VOXCOM HOLDINGS, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                         Common Stock, $.0001 par value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    928957109
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 March 29, 1999
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

      |_| Rule 13d-1(b)
      |X| Rule 13d-1(c)
      |_| Rule 13d-1(d)
<PAGE>

CUSIP No. 928957109               SCHEDULE 13G
- --------------------------------------------------------------------------------
1     NAME OF REPORTING PERSONS
      I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

      Canadian Advantage Limited Partnership
- --------------------------------------------------------------------------------
2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) |_|
                                                                         (b) |X|
- --------------------------------------------------------------------------------
3     SEC USE ONLY


- --------------------------------------------------------------------------------
4     CITIZENSHIP OR PLACE OF ORGANIZATION

      Ontario
- --------------------------------------------------------------------------------
                  5     SOLE VOTING POWER

                        0 (see Note A)
                  --------------------------------------------------------------
  NUMBER OF       6     SHARED VOTING POWER
    SHARES
 BENEFICIALLY           N/A
   OWNED BY       --------------------------------------------------------------
     EACH         7     SOLE DISPOSITIVE POWER
  REPORTING
    PERSON              0 (see Note A)
     WITH         --------------------------------------------------------------
                  8     SHARED DISPOSITIVE POWER

                        N/A
- --------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      0 (see Note A)
- --------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES*                                                        |_|

- --------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      0% (see Note A)
- --------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*

      PN
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>

ITEM 1      (a)      NAME OF ISSUER

                     VOXCOM HOLDINGS, INC.

            (b)      ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

                     8115 Preston Road, Eighth Floor - East
                     Dallas, TX 75225

ITEM 2      (a)      NAME OF PERSON FILING

                     Canadian Advantage Limited Partnership

            (b)      ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
                     RESIDENCE

                     c/o Thomson Kernaghan & Co., Ltd.
                     365 Bay Street, 10th Floor
                     Toronto M5H 2V2, Ontario

            (c)      CITIZENSHIP

                     Ontario

            (d)      TITLE OF CLASS OF SECURITIES

                     Common Stock, $.0001 par value

            (e)      CUSIP NUMBER

                     928957109
<PAGE>

ITEM 3      If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
            (c), Check Whether the Person Filing is a:

      (a)   |_| Broker or dealer registered under section 15 of the Act

      (b)   |_| Bank as defined in section 3(a)(6) of the Act

      (c)   |_| Insurance company as defined in section 3(a)(19) of the Act

      (d)   |_| Investment company registered under section 8 of the Investment
            Company Act of 1940

      (e)   |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)

      (f)   |_| An employee benefit plan or endowment fund in accordance with
            Rule 13d-1(b)(1)(ii)(F)

      (g)   |_| A parent holding company or control person in accordance with
            Rule 13d-1(b)(1)(ii)(G)

      (h)   |_| A savings association as defined in section 3(b) of the Federal
            Deposit Insurance Act

      (i)   |_| A church plan that is excluded from the definition of an
            investment company under section 3(c)(14) of the Investment Company
            Act of 1940

      (j)   |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J)

      If this statement is filed pursuant to Rule 13d-1(c), check this box |X|

ITEM 4      OWNERSHIP

      (a)   Amount beneficially owned:

            0 (see Note A)

      (b)   Percent of class:

            0% (see Note A)
<PAGE>

      (c)   Number of shares as to which the person has:

            (i) Sole power to vote or to direct the vote: 0 (see Note A)

            (ii) Shared power to vote or to direct the vote: N/A

            (iii) Sole power to dispose or to direct the disposition of: 0 (see
            Note A)

            (iv) Shared power to dispose or to direct the disposition of: N/A

ITEM 5      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

      If this statement is being filed to report the fact that as of the date
      hereof the reporting person has ceased to be the beneficial owner of more
      than five percent of the class of securities, check the following |X|

ITEM 6      OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

            N/A

ITEM 7      IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
            THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

            N/A

ITEM 8      IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

            N/A

ITEM 9      NOTICE OF DISSOLUTION OF GROUP

            N/A

ITEM 10     CERTIFICATION

            By signing below I certify that, to the best of my knowledge and
            belief, the securities referred to above were not acquired are not
            being held for the purpose of or with the effect of changing or
            influencing the control of the issuer of the securities and were not
            acquired and are not held in connection with or as a participant in
            any transaction having that purpose or effect.
<PAGE>

                                    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.

                                                  October 14, 1999
                                     -------------------------------------------
                                                       (Date)

                                     CANADIAN ADVANTAGE LIMITED PARTNERSHIP
                                     By: VMH Management Ltd.


                                     By: /s/ Ian McKinnon
                                         ---------------------------------------
                                                     (Signature)


                                             Ian McKinnon, VP & Secretary
                                     -------------------------------------------
                                                    (Name/Title)
<PAGE>

                                     NOTE A

As of March 29, 1999, Reporting Person no longer owns any Common Stock or Series
B Convertible Preferred Stock of the Issuer.



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