Edgar Filing: GLOBAL MED TECHNOLOGIES INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Victory Park Special Situations Master Fund, Ltd.

2. Date of Event Requiring Statement (Month/Day/Year)
08/28/2008

3. Issuer Name and Ticker or Trading Symbol
GLOBAL MED TECHNOLOGIES INC [GLOB]

(Last)

(First)

(Middle)

C/O WALKERS SPV LIMITED, WALKER HOUSE,Â 87 MARY STREET, GEORGE TOWN

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

GRAND CAYMAN, CAYMAN ISLANDS,Â Â KY1 9002

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,961,340	D ⁽¹⁾	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Convertible Preferred Stock	Â ⁽²⁾⁽³⁾	Â ⁽²⁾⁽³⁾	Common Stock	5,500,000	$ 0.72	D ⁽¹⁾	Â
Common Stock Warrant (right to buy)	12/16/2005⁽³⁾	12/16/2010⁽³⁾	Common Stock	4,125,000	$ 0.72	D ⁽¹⁾	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Victory Park Special Situations Master Fund, Ltd. C/O WALKERS SPV LIMITED, WALKER HOUSE 87 MARY STREET, GEORGE TOWN GRAND CAYMAN, CAYMAN ISLANDSÂ KY1 9002	Â	Â X	Â	Â
Jacob Capital, L.L.C. 227 W. MONROE STREET, SUITE 3900 CHICAGO,Â ILÂ 60606	Â	Â X	Â	Â
Victory Park Capital Advisors, LLC 227 W. MONROE STREET, SUITE 3900 CHICAGO,Â ILÂ 60606	Â	Â X	Â	Â
Levy Richard N 227 W. MONROE STREET, SUITE 3900 CHICAGO,Â ILÂ 60606	Â	Â X	Â	Â

Signatures

Victory Park Special Situations Master Fund, Ltd. By: /s/ Richard Levy, Attorney-in-Fact		09/05/2008
^**Signature of Reporting Person		Date
Jacob Capital, L.L.C. By: /s/ Richard Levy, Sole Member		09/05/2008
^**Signature of Reporting Person		Date
Victory Park Capital Advisors, LLC By: Jacob Capital, L.L.C., its Manager, By: /s/ Richard Levy, Sole Member		09/05/2008
^**Signature of Reporting Person		Date
/s/Richard Levy		09/05/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reported securities are owned directly by Victory Park Special Situations Master Fund, Ltd. (the "Fund") and indirectly by (i) Victory Park Capital Advisors, LLC as the investment manager for the Fund, (ii) Jacob Capital, L.L.C., as the manager of Victory Park Capital Advisors, LLC and (iii) Richard Levy, as the sole member of Jacob Capital, L.L.C. Victory Park Capital Advisors, LLC, Jacob Capital, L.L.C. and Richard Levy disclaim beneficial ownership of the reported securities except to the extent of their pecuinary interest therein.
(2)	Subject to the "blocker" described in footnote 3, the convertible preferred stock is convertible at any time, at the holder's election, and has no expiration date.
(3)	The convertible preferred stock and the warrant are subject to "blocker" provisions prohibiting the holder from converting the preferred stock or exercising the warrant to the extent that such conversion or exercise would result in the holder being deemed the beneficial owner of more than 9.99% of the issued and outstanding shares of the Common Stock.
Â Remarks: ThisÂ reportÂ isÂ filedÂ jointlyÂ byÂ VictoryÂ ParkÂ SpecialÂ SituationsÂ MasterÂ Fund,Â Ltd.,Â JacobÂ Capital,Â L.L.C.,Â VictoryÂ ParkÂ CapitalÂ Advisors, LLCÂ andÂ RichardÂ Levy.

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