UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 2 TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
GENERAL CREDIT CORPORATION
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(Name of Issuer)
Common Stock ($.001 par value)
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(Title of Class of Securities)
369451109
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(CUSIP Number)
Roxanne K. Beilly, Esq.
Atlas, Pearlman, Trop & Borkson, P.A.,
350 East Las Olas Blvd., Suite 1700
Fort Lauderdale, FL 33301
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December 29, 1999
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP No. 369451109 Page 2 of 4 Pages
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<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GERALD SCHULTZ
SSN 079 28 3879
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)|_|
(b)|_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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Number of 7 SOLE VOTING POWER
Shares 0
Beneficially 8 SHARED VOTING POWER
Owned by 0
Each 9 SOLE DISPOSITIVE POWER
Reporting 0
Person 10 SHARED DISPOSITIVE POWER
With 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% of common stock outstanding as of December 29, 1999
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14 TYPE OF REPORTING PERSON*
Individual
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</TABLE>
<PAGE>
CUSIP No. 369451109 Page 3 of 4 Pages
ATTACHMENT
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Item 1. Security and Issuer
This report relates to the Common Stock (par value $.001 per share) of
General Credit Corporation (the "Company"), whose principal office is located at
370 Lexington Avenue, Suite 2000, New York, NY 10017.
Item 2. Identity and Background
(a) Name: GERALD SCHULTZ
(b) Business Address: 1 Links Court, Huntington, NY 11743.
(c) Present Principal Occupation: Retired
(d) Convictions: None.
(e) Suits and Proceedings: None.
(f) Citizenship: USA
Item 3. Source and Amount of Funds or Other Consideration
As of December 29, 1999 Mr. Schultz's entire interest of 471,000 shares
was sold and he no longer owns any shares. The original acquisition of the
shares of Common Stock by Mr. Schultz was derived pursuant to a purchase in the
open market with personal funds of 25,000 shares on November 6, 1998, 25,000
shares on November 23, 1998, 311,000 shares on January 6, 1999, 10,000 shares on
January 7, 1999 and 100,000 shares on April 23, 1999 heretofore owning 471,000
share.
Item 4. Purpose of the Transaction
The aforementioned securities were initially acquired for investment
purposes. Mr. Schultz no longer owns any shares in the Company.
Item 5. Interest in Securities of the Issuer
Mr. Schultz no longer owns any shares of Common Stock of the Company.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
None
Item 7. Material to be Filed as Exhibits
None
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CUSIP No. 369451109 Page 4 of 4 Pages
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: January 12, 2000 /s/ Gerald Schultz
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Name: GERALD SCHULTZ
