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OMB
APPROVAL
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OMB
Number: 3235-0145
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Expires:
January 31, 2006
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Estimated
average burden hours per response...11
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Global
Med Technologies, Inc.
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(Name
of Issuer)
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Common
Stock
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(Title
of Class of Securities)
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37935E101
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(CUSIP
Number)
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December
31, 2007
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(Date
of Event Which Requires Filing of this
Statement)
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£
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Rule
13d-1(b)
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| S | Rule 13d-1(c) |
| £ | Rule 13d-1(d) |
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Schedule
13G
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CUSIP
No. 37935E101
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Page
2 of
8
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| 1 |
NAMES OF REPORTING PERSONS:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY):
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Crestview
Capital Master, LLC
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| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP
(SEE INSTRUCTIONS): |
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(a) o
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(b) x
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| 3 | SEC USE ONLY: | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: | ||||
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Delaware
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| 5 | SOLE VOTING POWER: | ||||
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NUMBER
OF
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-0-
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|||||
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SHARES
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6 | SHARED VOTING POWER: | |||
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BENEFICIALLY
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OWNED
BY
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2,569,500 (See
Item 4)
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EACH
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7 | SOLE DISPOSITIVE POWER: | |||
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REPORTING
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PERSON
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-0-
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WITH:
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8 | SHARED DISPOSITIVE POWER: | |||
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2,569,500
(See Item 4)
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| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | ||||
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2,569,500
(See Item 4)
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| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): | ||||
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o
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| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | ||||
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9.1%(1)
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| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): | ||||
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PN
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Schedule
13G
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CUSIP
No. 37935E101
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Page 3
of
8
|
| 1 |
NAMES OF REPORTING PERSONS:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
ONLY):
|
||||
|
|
|||||
|
Crestview
Capital Partners, LLC
|
|||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP
(SEE INSTRUCTIONS): |
||||
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(a) o
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|||||
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(b) x
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| 3 | SEC USE ONLY: | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: | ||||
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Illinois
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| 5 | SOLE VOTING POWER: | ||||
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NUMBER
OF
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-0-
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SHARES
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6 | SHARED VOTING POWER: | |||
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BENEFICIALLY
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OWNED
BY
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2,569,500
(See Item 4)
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EACH
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7 | SOLE DISPOSITIVE POWER: | |||
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REPORTING
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PERSON
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-0-
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WITH:
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8 | SHARED DISPOSITIVE POWER: | |||
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2,569,500
(See Item 4)
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| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | ||||
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2,569,500
(See Item 4)
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| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): | ||||
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o
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| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | ||||
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9.1%(1)
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| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): | ||||
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OO
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Schedule
13G
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CUSIP
No. 37935E101
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Page 4
of
8
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Item
1(a):
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Name
of Issuer.
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Global
Med Technologies, Inc.
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Item
1(b):
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Address
of Issuer’s Principal Executive Offices.
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12600
West Colfax, Suite C-420,
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Lakewood,
Colorado 80215
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Item
2(a):
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Name
of Person Filing.
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Crestview
Capital Master, LLC (“Crestview”)
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Crestview
Capital Partners, LLC (“Crestview Partners”)
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Item
2(b):
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Address
of Principal Business Office or, if none, Residence.
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c/o
Crestview Capital Funds
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95
Revere Drive, Suite A
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Northbrook,
Illinois 60062
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Item
2(c):
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Citizenship.
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Crestview
is a Delaware limited liability company.
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Crestview
Partners is an Illinois limited liability
company.
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Item
2(d):
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Title
of Class of Securities.
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Common
Stock, $ .01 par value per share (“Common
Stock”)
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Item
2(e):
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CUSIP
Number.
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37935E101
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Item
3:
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If
this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or
(c),
check whether the person filing is a:
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Not
Applicable
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Schedule
13G
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CUSIP
No. 37935E101
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Page 5
of
8
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Item
4:
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Ownership.
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(a)
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Amount
Beneficially Owned:
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Crestview
is the beneficial owner of 2,569,500 shares of Common Stock,
including 2,028,000 shares issuable upon the conversion of 1,460
shares of Series A Convertible Preferred Stock (the "Preferred
Stock"), representing beneficial ownership of 9.1% of the outstanding
shares of Common Stock, based on (i) 26,303,593 shares of Common
Stock
outstanding as of October 26, 2007, based on the Form 10-QSB filed
by the
Issuer on October 30, 2007 plus (ii) the 2,028,000 shares of Common
Stock issuable upon the conversion of the Preferred Stock. Crestview
also
owns warrants which would be exercisable for 2,833,333 shares of
Common
Stock (the “Warrants”) absent the blockers described below. Both the
Warrants and the Preferred Stock are subject to blockers such that
the
holder may only exercise the Warrants or convert the Preferred
Stock at
such time as the beneficial ownership by the holder is no more
than 4.99%
(in the case of the Warrants) or 9.99% (in the case of Preferred
Stock) of the shares of Common Stock then issued and outstanding. As
a result of such exercise and conversion provisions and limitations,
Crestview does not beneficially own any of the shares of Common Stock
issuable upon the exercise of Warrants. If such conversion limitation
did
not apply, an aggregate of 5,402,833 shares of Common Stock would
be
beneficially owned by Crestview. However, because Crestview already
beneficially owns 9.1% of the outstanding shares of Common Stock,
the
shares of Common Stock underlying the Warrants are not included in
the calculations of beneficial ownership of
Crestview.
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Crestview
Partners is the sole manager of Crestview, and as such has the
power to
direct the vote and to direct the disposition of investments beneficially
owned by Crestview, including the Common Stock, and thus may also
be
deemed to beneficially own the Common Stock beneficially owned
by
Crestview. Currently, Stewart Flink, Robert Hoyt and Daniel Warsh,
each of
whom are United States citizens, are the managers of Crestview
Partners,
and as such may be deemed to share the power to vote and to dispose
of
investments beneficially owned by Crestview Partners, including
the Common
Stock; however each expressly disclaims beneficial ownership of such
shares of Common Stock.
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(b)
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Percent
of Class:
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See
Item 11 of each cover page and Item 4(a)
above.
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(c)
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Number
of shares as to which the person
has:
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Schedule
13G
|
|
|
CUSIP
No. 37935E101
|
Page 6
of
8
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(i)
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Sole
power to vote or to direct the vote:
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See
Item 5 of each cover page.
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(ii)
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Shared
power to vote or to direct the vote:
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See
Item 6 of each cover page.
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(iii)
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Sole
power to dispose or to direct the disposition of:
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See
Item 7 of each cover page.
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(iv)
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Shared
power to dispose or to direct the disposition of:
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See
Item 8 of each cover page.
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Item
5:
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Ownership
of Five Percent or Less of a Class.
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Not
applicable
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Item
6:
|
Ownership
of More than Five Percent on Behalf of Another Person.
|
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Not
applicable
|
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Item
7:
|
Identification
and Classification of the Subsidiary Which Acquired the Security
Being
Reported on by the Parent Holding Company or Control
Person.
|
|
Not
Applicable
|
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Item
8:
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Identification
and Classification of Members of the Group.
|
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This
Schedule is filed as a joint statement pursuant to Rule 13d-1(k)
promulgated under the Securities Exchange Act of 1934 (the "Exchange
Act")
by each of the Reporting Persons. While the Reporting Persons may
be
deemed to be a "group" for purposes of Section 13(d)(3) of the
Exchange
Act, each of the Reporting Persons hereby disclaims the existence
and
membership in a "group" and disclaims beneficial ownership of shares
of
Common Stock beneficially owned by all other Reporting Persons.
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Item
9:
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Notice
of Dissolution of Group.
|
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Not
Applicable
|
|
Schedule
13G
|
|
|
CUSIP
No. 37935E101
|
Page 7
of
8
|
|
Item
10:
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Certification.
|
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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 with or as a participant in any transaction having that
purpose
or effect.
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| Date: February 14, 2008 | ||
| Crestview Capital Master, LLC | ||
| |
|
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| By: |
Crestview
Capital
Partners, LLC,
its
Sole Manager
|
|
| By: | /s/ Daniel Warsh | ||
|
Manager
|
| Crestview Capital Partners, LLC | ||
| |
|
|
| By: | /s/ Daniel Warsh | |
| Manager | ||
|
Schedule
13G
|
|
|
CUSIP
No. 37935E101
|
Page 8
of
8
|
| Crestview Capital Master, LLC | ||
| |
|
|
| By: |
Crestview
Capital
Partners, LLC,
its
Sole Manager
|
|
| By: | /s/ Daniel Warsh | ||
|
Manager
|
| Crestview Capital Partners, LLC | ||
| |
|
|
| By: | /s/ Daniel Warsh | |
| Manager | ||