/ / Check this box if no longer U.S. SECURITIES AND EXCHANGE COMMISSION
subject to Section 16. Form 4
or Form 5 obligations may Washington, D.C. 20549
continue.
See Instruction 1(b). STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
---------------------------------------------------------------------------------------------------------------------------
1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Reporting Person* Issuer (Check all applicable)
Dunes Hotels and Casinos Inc.
__ Director X 10% Owner
-----------------------------------------------------------------------
(Last) (First) (Middle) 3. IRS or Social 4. Statement for __ Officer __ Other
Security Month/Year (give title (specify below)
GFS Acquisition Number of Reporting below)
Company, Inc. Person (Voluntary) March, 2001
------------------------- -------------------------------------------------------------------------
(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check applicable line)
(Month/Year) __ Form filed by One Reporting
8441 E. 32nd Street N Person
X Form filed by More than One
Reporting Person
---------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned.
Wichita, KS 67226
---------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Trans- 4. Securities 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action Acquired (A) Securities Form: of Indirect
date: Code or Disposed of (D) Beneficially Direct Beneficial
(Instr.8) (Instr. 3, 4 and 5) Owned at (D) or Ownership
End of Mth. Indirect (Instr. 4)
(Month/ (Instr. 3 (I)
Day/ and 4) (Instr.4)
Year)
------------------------------------
Code V Amount (A) or Price
(D)
---------------------------------------------------------------------------------------------------------------------------
Common Stock 2/19/01 P 66,887 A $1.9111
---------------------------------------------------------------------------------------------------------------------------
Common Stock 2/23/01 P 2,500 A $0.8750
---------------------------------------------------------------------------------------------------------------------------
Common Stock 2/23/01 P 2,500 A $0.8750
---------------------------------------------------------------------------------------------------------------------------
Common Stock 2/23/01 P 2,500 A $0.9375
---------------------------------------------------------------------------------------------------------------------------
Common Stock 3/02/01 P 2,000 A $1.0313
---------------------------------------------------------------------------------------------------------------------------
Common Stock 3/02/01 P 11,500 A $1.0313
---------------------------------------------------------------------------------------------------------------------------
Common Stock 3/13/01 P 11,500 A $1.0625
---------------------------------------------------------------------------------------------------------------------------
Common Stock 1,003,309 D(1)
---------------------------------------------------------------------------------------------------------------------------
Common Stock 3,000,000 D(2)
---------------------------------------------------------------------------------------------------------------------------
* If the Form is filed by more than one Reporting Person, see instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
(Table Continued)
FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
==================================================================================================================================
1.Title of 2.Conver- 3.Trans- 4.Trans- 5.Number 6.Date Exerci- 7.Title and 8.Price 9.Number 10.Owner- 11.Nature
Deriva- sion or action action of Deriv- sable and Amount of of of Deri- ship of In-
tive Exercise Date Code ative Expiration Underlying Deriva- vative Form of direct
Security Price of (Month/ (Instr. Securi- Date (Month/ Securities tive Securi- Deriv- Bene-
(Ins. 3) Deriv- Day/ 8) ties Day/Year) (Instr. 3 Security ties Bene- ative ficial
ative Year) Acquired and 4) (Instr. ficially Security; Owner-
Security (A) or 5) Owned at Direct ship
Disposed End of (D) or (Instr.
of (D) Month Indirect 4)
(Instr. 3, (Instr. (I)
4, and 5) 4) (Instr.
4)
---------------------------------------------------
Code V (A) (D) Date Expira-
Exer- tion
cisable Date
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------
==================================================================================================================================
Explanation of Responses: (1) The 1,003,309 shares of common stock are owned by GFS Acquisition Company, Inc. ("GFS Acquisition").
General Financial Services, Inc. ("GFS") is the sole stockholder of GFS Acquisition. Mr. Miller is the sole director and officer
of GFS Acquisition. GFS beneficially owns the 1,003,309 shares of common stock directly owned by GFS Acquisition as a result of
its ownership of GFS Acquisition. Steve Miller beneficially owns the 1,003,309 shares of common stock owned by GFS Acquisition as
a result of his ownership of GFS and his position as the sole officer and director of GFS and GFS Acquisition.
(2) The 3,000,000 shares of common stock are beneficially owned directly by GFS. Steve Miller is the sole stockholder, officer
and director of GFS and as a result beneficially owns the shares of common stock beneficially owned by GFS.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Steve K. Miller April 5, 2001
------------------------------------------------- -------------
Steve K. Miller Date
GENERAL FINANCIAL SERVICES, INC.
By: /s/ Steve K. Miller April 5, 2001
---------------------------------------------- -------------
Steve K. Miller, President Date
GFS ACQUISITION COMPANY, INC.
By: /s/ Steve K. Miller April 5, 2001
---------------------------------------------- -------------
Steve K. Miller, President Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Form 4
Reporting Person
GFS Acquisition Company, Inc.
Date of Event Requiring Statement
March 2001
Issuer Name
Dunes Hotels and Casinos Inc.
List of Other Joint Filers
Names and Addresses
General Financial Services, Inc.; 8441 E. 32nd Street N, Wichita, KS 67226
Steve K. Miller; 8441 E. 32nd Street N, Wichita, KS 67226