Unassociated Document

0001144204-10-033583.txt : 20100615 0001144204-10-033583.hdr.sgml : 20100615 20100615165850 ACCESSION NUMBER: 0001144204-10-033583 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20100615 DATE AS OF CHANGE: 20100615 GROUP MEMBERS: COMVEST CAPITAL MANAGEMENT LLC GROUP MEMBERS: MICHAEL S. FALK GROUP MEMBERS: ROBERT L. PRIDDY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALANCO TECHNOLOGIES INC CENTRAL INDEX KEY: 0000098618 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 860220694 STATE OF INCORPORATION: AZ FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-50817 FILM NUMBER: 10897894 BUSINESS ADDRESS: STREET 1: 15575 N 83RD WAY STREET 2: SUITE 3 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 4806071010 MAIL ADDRESS: STREET 1: 15575 N 83RD WAY STREET 2: SUITE 3 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 FORMER COMPANY: FORMER CONFORMED NAME: ALANCO ENVIRONMENTAL RESOURCES CORP DATE OF NAME CHANGE: 19930708 FORMER COMPANY: FORMER CONFORMED NAME: ALANCO RESOURCES CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ALANCO LTD DATE OF NAME CHANGE: 19901004 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ComVest Capital, LLC CENTRAL INDEX KEY: 0001362707 IRS NUMBER: 510567247 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 561-868-6060 MAIL ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 SC 13G 1 v187971_sc13g.htm Unassociated Document

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

SCHEDULE 13G

ALANCO TECHNOLOGIES, INC.

(Name of Issuer)

Common Stock, no par value per share

(Title of Class of Securities)

011612603

(CUSIP Number of Class of Securities)

June 1, 2010

(Date of Event which Requires Filing of this Statement)

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

o RULE 13d-1(b)

x RULE 13d-1(c)

o RULE 13d-1(d)

CUSIP NO. 011612603		Page 2 of 8


1)	NAMES OF REPORTING PERSONS

	ComVest Capital LLC

2)	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
	(a) o
	(b) x
3)	SEC USE ONLY:

4)	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Delaware

		5)	SOLE VOTING POWER
			0
NUMBER OF
SHARES		6)	SHARED VOTING POWER
BENEFICIALLY			2,353,333 Shares
OWNED BY
EACH		7)	SOLE DISPOSITIVE POWER
REPORTING			0
PERSON WITH
		8)	SHARED DISPOSITIVE POWER
			2,353,333 Shares

9)	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,353,333 Shares

10)	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

	o
11)	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.1% of Common Stock

12)	TYPE OF REPORTING PERSON (See Instructions)
	OO

CUSIP NO. 011612603		Page 3 of 8


1)	NAMES OF REPORTING PERSONS

	ComVest Capital Management LLC

2)	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
	(a) o
	(b) x
3)	SEC USE ONLY:

4)	CITIZENSHIP OR PLACE OF ORGANIZATION:

	Delaware

		5)	SOLE VOTING POWER
			0
NUMBER OF
SHARES		6)	SHARED VOTING POWER
BENEFICIALLY			2,353,333 Shares
OWNED BY
EACH		7)	SOLE DISPOSITIVE POWER
REPORTING			0
PERSON WITH
		8)	SHARED DISPOSITIVE POWER
			2,353,333 Shares

9)	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,353,333 Shares

10)	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

	o
11)	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.1% of Common Stock

12)	TYPE OF REPORTING PERSON (See Instructions)
	OO

CUSIP NO. 011612603		Page 4 of 8


1)	NAMES OF REPORTING PERSONS

	Michael S. Falk

2)	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
	(a) o
	(b) x
3)	SEC USE ONLY:

4)	CITIZENSHIP OR PLACE OF ORGANIZATION:

	USA

		5)	SOLE VOTING POWER
			0
NUMBER OF
SHARES		6)	SHARED VOTING POWER
BENEFICIALLY			2,353,333 Shares
OWNED BY
EACH		7)	SOLE DISPOSITIVE POWER
REPORTING			0
PERSON WITH
		8)	SHARED DISPOSITIVE POWER
			2,353,333 Shares

9)	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,353,333 Shares

10)	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

	o
11)	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.1% of Common Stock

12)	TYPE OF REPORTING PERSON (See Instructions)
	IN

CUSIP NO. 011612603		Page 5 of 8


1)	NAMES OF REPORTING PERSONS

	Robert L. Priddy

2)	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
	(a) o
	(b) x
3)	SEC USE ONLY:

4)	CITIZENSHIP OR PLACE OF ORGANIZATION:

	USA

		5)	SOLE VOTING POWER
			0
NUMBER OF
SHARES		6)	SHARED VOTING POWER
BENEFICIALLY			2,353,333 Shares
OWNED BY
EACH		7)	SOLE DISPOSITIVE POWER
REPORTING			0
PERSON WITH
		8)	SHARED DISPOSITIVE POWER
			2,353,333 Shares

9)	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,353,333 Shares

10)	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

	o
11)	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	6.1% of Common Stock

12)	TYPE OF REPORTING PERSON (See Instructions)
	IN

CUSIP NO. 011612603		Page 6 of 8

ITEM 1(a). Name of Issuer:

ALANCO TECHNOLOGIES, INC.

ITEM 1(b). Address of Issuer's Principal Executive Offices:

15575 North 83rd Way, Suite 3

Scottsdale, Arizona 85260

ITEM 2(a). Names of Persons Filing:

ComVest Capital LLC ("ComVest")

ComVest Capital Management LLC ("Management")

Michael S. Falk

Robert L. Priddy

ITEM 2(b). Address of Principal Business Office or, if None, Residence:

CityPlace Tower

525 Okeechobee Blvd. Suite 1050

West Palm Beach, FL 33401

ITEM 2(c). Citizenship:

ComVest and Management are Delaware Limited Liability Companies.

Michael S. Falk and Robert L. Priddy are U.S. citizens.

ITEM 2(d). Title of Class of Securities:

Common Stock, no par value per share

ITEM 2(e) CUSIP Number: 011612603

CUSIP NO. 011612603		Page 7 of 8

ITEM 3.

If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is:

The reporting persons are a group for purposes of the filing of this statement.

ITEM 4. Ownership:

(a) Amount beneficially owned by all reporting persons: 2,353,333 Shares

(b) Percent of class: 6.1% of Common Stock

(i) sole power to vote or to direct the vote: 0 Shares

(ii) shared power to vote or to direct the vote: 2,353,333 Shares

(iii) sole power to dispose or to direct the disposition: 0 Shares

(iv) shared power to dispose or to direct the disposition: 2,353,333 Shares

ITEM 5. Ownership of five percent or less of a class.

If this statement is being filed to reflect the fact that as of the date hereof the reporting person has ceased to be the owner of more than five percent of the class of securities, check the following: o.

ITEM 6. Ownership of more than five percent on behalf of another person.

Not applicable.

ITEM 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company.

Not applicable.

ITEM 8. Identification and classification of members of the group.

The reporting persons are a group for purposes of filing this Statement. See Exhibit 1 attached hereto.

CUSIP NO. 011612603		Page 8 of 8

ITEM 9. Notice of dissolution of group.

Not applicable.

ITEM 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not 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 or as a participant in any transaction having that purpose or effect.

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.

Dated: June 11, 2010

	ComVest Capital LLC By: ComVest Capital Management LLC, its managing member

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez, Chief Financial Officer

	ComVest Capital Management LLC

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez, Chief Financial Officer

		/s/ Michael S. Falk
		Michael S. Falk, individually

		/s/ Robert L. Priddy
		Robert L. Priddy, individually

EX-99.1 2 v187971_ex99-1.htm Unassociated Document

Exhibit 99.1

The name of the Reporting Person is ComVest Capital LLC, a Delaware limited liability company ("ComVest"). ComVest is a private investment company. The managing member of ComVest is ComVest Capital Management LLC, a Delaware limited liability company ("Management"). Michael S. Falk ("Falk") and Robert L. Priddy (“Priddy”) are co-managers of Management. Falk and Priddy are citizens of the United States of America.

EX-99.2 3 v187971_ex99-2.htm Unassociated Document

Exhibit 99.2

In accordance with the requirements of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set forth below agree to jointly file the Schedule 13G to which this joint filing agreement is attached, and any and all future amendments to the Schedule 13G, and have duly executed this joint filing agreement as of the date set forth below.

Dated: June 11, 2010

	ComVest Capital LLC By: ComVest Capital Management LLC, its managing member

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez, Chief Financial Officer

	ComVest Capital Management LLC

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez, Chief Financial Officer

		/s/ Michael S. Falk
		Michael S. Falk, individually

		/s/ Robert L. Priddy
		Robert L. Priddy, individually