SEC Info - Advance Nanotech, Inc. - ‘SC 13D’ on 3/6/00 re: Complex Holdings Ltd

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Advance Nanotech, Inc. – ‘SC 13D’ on 3/6/00 re: Complex Holdings Ltd

On: Monday, 3/6/00 · Accession #: 1065949-0-19 · File #: 5-58639

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/06/00  Advance Nanotech, Inc.            SC 13D                 2:36K  Complex Holdings Ltd              Chilcote Candi M/FA

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              5     19K 
 2: EX-10       Share Purchase Agreement                              10     34K

SC 13D — General Statement of Beneficial Ownership

SC 13D 1st Page of 5 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C.  20549 

SCHEDULE 13D  
(Rule 13d-101)  

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT 
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 
RULE 13d-2(a) 

DYNAMIC I-T, INC. 

--------------------------------------------------------------------------------
(Name of Issuer)

Common

--------------------------------------------------------------------------------
(Title of Class of Securities)

266787P108

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

Complex Holdings, Ltd.,  15 St. Helens Place, London, England, EC3A 6DE         
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person 
Authorized to Receive Notices and Communications) 

February 15, 2000 
--------------------------------------------------------------------------------
 (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  that is the subject of this Schedule 13D, and is filing
this  schedule  because  of Rule  13d-1(e),  13d-1(f)  or  13d-1(g),  check  the
following box [X].                                                              

Check the following box if a fee is being paid with the statement / /.
(A fee  is not  required  only  if the  reporting  person:  (1)  has a  previous
statement on file  reporting  beneficial  ownership of more than five percent of
the class of  securities  described  in Item 1; and (2) has  filed no  amendment
subsequent  thereto  reporting  beneficial  ownership of five percent or less of
such class). (See Rule 13d-7).                                                  

          Note:  Schedules filed in paper format shall include a signed original
     and five copies of the schedule,  including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.                      

(Continued on following pages)
(Page 1 of 5 Pages) 

----------                                                                      
(1)  The  remainder  of this  cover  page  shall be filled  out for a  reporting
     person's  initial  filing on this form with respect to the subject class of
     securities,  and for any subsequent amendment containing  information which
would alter disclosures provided in a prior cover page.               

     The  information  required on the remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 or otherwise  subject to the  liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).                                                                         

(SC13D-07/99)                                                                   

SC 13D 2nd Page of 5 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP No. 26787P108                 13D                   Page 2   of 5 Pages   

________________________________________________________________________________
1    NAME OF REPORTING PERSONS                                                  
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)           

Complex Holdings, Ltd.                                                          
Tax ID#: None                                                                   

________________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                          
                                                          (a)  [ ]
                                                          (b)  [X]

________________________________________________________________________________
3    SEC USE ONLY                                                               

________________________________________________________________________________
4    SOURCE OF FUNDS*                                                           

Corporate Assets                                                                

________________________________________________________________________________
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                   
PURSUANT TO ITEMS 2(d) OR 2(e)                                   [_]  

________________________________________________________________________________
6    CITIZENSHIP OR PLACE OF ORGANIZATION                                       

U.K.                                                                            

________________________________________________________________________________
7    SOLE VOTING POWER                            

NUMBER OF    30,400,000 shares of common stock                              

   SHARES      _________________________________________________________________
8    SHARED VOTING POWER                          
BENEFICIALLY                                                                    
0                                                 
OWNED BY                                                                    
               _________________________________________________________________
EACH       9    SOLE DISPOSITIVE POWER                                  

REPORTING    30,400,000 shares of common stock                              

   PERSON      _________________________________________________________________
10   SHARED DISPOSITIVE POWER                     
WITH                                                                    
0                                                 

________________________________________________________________________________
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON               

30,400,000 shares of common stock                                               
________________________________________________________________________________
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*     

                                                               [_]

________________________________________________________________________________
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                         

94%                                                                             

________________________________________________________________________________
14   TYPE OF REPORTING PERSON*                                                  

RN - Complex Holdings, Ltd.                                                     

________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT! 

SC 13D 3rd Page of 5 TOC 1st Previous Next ↓Bottom Just 3rd
CUSIP No. 26787P108                   13D                   Page 3 of  5 Pages  

________________________________________________________________________________
Item 1.  Security and Issuer.                                                   

This statement relates to common shares of Dynamic I-T, Inc. and is an initial  
Schedule 13d by the Reporting Party.                                            

________________________________________________________________________________
Item 2.  Identity and Background.                                               

(a)  Complex Holdings, Ltd.                                           

(b)  Principal Place of Business - Complex Holdings, Ltd.             
                   15 St. Helens Place
                         London, England, EC3A 6DE

(c)  Occupation - Holding Company                                     

     (d)  The reporting person has not during the last five years been convicted
in a criminal proceeding (excluding traffic violations).    

   (e)  The reporting person has not during the last five years been subject
       to or party to a civil proceeding of any type nor has any judgment,
      decree or order of any type been entered against reporting person.

(f)  Citizenship:   U.K.                                              

________________________________________________________________________________
Item 3.  Source and Amount of Funds or Other Consideration.                     

Consideration consisted of delivery of shares of Banknet Kft. $200,000 which was
furnished by Granuaile Logistic Technology, PLC in consideration for a private  
placement of shares.                                                            

________________________________________________________________________________
Item 4.  Purpose of Transaction.                                                

The  purpose  of the  transaction  was  to  acquire  Banknet  Kft., a  Hungarian
corporation.                                                                    

(a)  On February 14, 2000, reporting party completed a Share Purchase   
Agreement for 30,400,000 shares to Complex Holdings, Ltd.   

   (b)  The Company previously terminated its attempt to enter the satellite
  news broadcast business.  The new control shareholder, Complex
 Holdings, Ltd. intends to transfer to issuer, Banknet Kft., a
         Hungarian company which provides connectivity to broadband high speed
       communication networks for the European market.  The issuer markets
the service to businesses and banks.                        

(c)  No sale or transfer of a material amount of assets of issuer is  
contemplated.                                               

 (d)  There has been a change in the management.  Two new directors have
   been appointed as of February 14, 2000, Patrick Doyle and Brian
          O'Dell.  Four new Directors of the Company will be appointed effective
         after compliance with Section 14f under the Securities & Exchange Act
          of 1934.  Robert Clautice, M.R. Reeves and Redgie Green will resign as
directors after the Section 14f notice to shareholders.     

     (e)  No material change is proposed in capitalization or dividend policy at
this time.                                                  

     (f)  At this time, material changes in corporate structure have occurred by
          acquisition of Banknet Kft. as a wholly owned subsidiary.  The Company
will engage in a new business as described in an 8-K filed  
concurrently herewith.                                      

(g)  There are no changes proposed in the issuer's charter, Bylaws, or
other instruments corresponding thereto.                    

    (h)  No plans exist which would cause a class of securities to be delisted
from any exchange or cease to be quoted.                    

  (i)  No plans exist for any class of equity securities becoming eligible
for termination of listing pursuant to 12(g)(4) of the Act. 

(j)  Not applicable.                                                  

SC 13D 4th Page of 5 TOC 1st Previous Next ↓Bottom Just 4th
CUSIP No. 26787P108                   13D                   Page 4 of  5 Pages  

________________________________________________________________________________
Item 5.  Interest in Securities of the Issuer.                                  

(a)  30,400,000 common shares (94%) of issuer are purchased by the    
Reporting Party.                                            

 (b)  Reporting Party has sole power to vote 30,400,000 shares of common
stock.                                                      

   (c)  No other transactions in common securities of Dynamic I-T, Inc. were
effected by reporting persons in the past 60 days.          

(d)  Not applicable.                                                  

    (e)  After the Purchase Transaction is completed, the Reporting Party will
own less than 5% of Issuers shares.                         

________________________________________________________________________________
Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect  
to Securities of the Issuer.                                  

The information  contained in response to Items 4 and 5 is incorporated  herein,
together with the terms and conditions of the Share Purchase Agreement, attached
as an Exhibit.                                                                  

The Company  appointed  Patrick  Doyle and Brian O'Dell as directors on February
14,  2000 and will  appoint  Raymond F. King,  Melvyn  Quiller,  Chafe Omar Abou
Richeh,  and Ahmed Abdulla Mannai as directors upon  compliance with Section 14f
of the  Securities & Exchange  Act of 1934,  at which time M.R.  Reeves,  Redgie
Green, and Robert Clautice will resign.                                         

No other voting arrangements, proxies, or other agreements exist at this time.  

________________________________________________________________________________
Item 7.  Material to be Filed as Exhibits.                                      

Exhibit 10.1 - Share Purchase Agreement                                         

________________________________________________________________________________

SC 13D Last Page of 5 TOC 1st Previous Next ↓Bottom Just 5th
CUSIP No.  26787P108                   13D                   Page 5 of  5 Pages 

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.                                                                        

             March 3, 2000
                                        ----------------------------------------
                                        (Date)

                      Complex Holdings, Ltd.

                    By:/s/ Patrick Doyle
                                        ----------------------------------------
                                         (Signature)

                       Patrick Doyle, Director
                                        ----------------------------------------
                                          (Name/Title)

Attention.  Intentional  misstatements  or omissions of fact constitute  federal
criminal violations (see 18 U.S.C. 1001).

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D’ Filing	Date	First	Last	Other Filings

Filed on:	3/6/00			None on these Dates
	3/3/00	5
	2/15/00	1
	2/14/00	3	4
				List all Filings

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Filing Submission 0001065949-00-000019 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Advance Nanotech, Inc. – ‘SC 13D’ on 3/6/00 re: Complex Holdings Ltd

On: Monday, 3/6/00 · Accession #: 1065949-0-19 · File #: 5-58639

General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

SC 13D — General Statement of Beneficial Ownership

Dates Referenced Herein and Documents Incorporated by Reference

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents