FIREBIRD REPUBLICS FUND LTD /NY 4
4 · GLOBAL GOLD CORP · Filed Feb 12, 2009
Insider Transaction Report
Form 4
GLOBAL GOLD CORPGBGD.OB
Sawikin Harvey
10% Owner
Transactions
- Purchase
Common Stock, par value $0.001
2009-02-10$0.09/sh+165,000$14,190→ 13,438,167 total(indirect: See footnotes)
Footnotes (3)
- [F1]Harvey Sawikin ("Mr. Sawikin") controls Firebird Management LLC ("Management") and Firebird Avrora Advisors LLC ("Avrora"), and together with James Passin ("Mr. Passin"), controls FGS Advisors LLC ("FGS"). Management, FGS and Avrora act as investment advisers to, respectively, Firebird Republics Fund, Ltd., Firebird Global Master Fund, Ltd., and Firebird Avrora Fund, Ltd. (each a "Fund") that own the shares reported herein. As investment advisers to the Funds, each of Management, FGS and Avrora has voting and investment control with respect to the shares held by the Fund that it advises. The Reporting Persons may be deemed to have an indirect interest in certain of the shares owned by the Funds through their indirect holdings in the Funds, if any. The Reporting Persons disclaim beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purposes.
- [F2]Ian Hague ("Mr. Hague") is a principal of each of Management, FGS and Avrora, and is also a director of the Issuer. Mr. Hague has separately filed a Form 3 and certain Form 4s disclosing his personal holdings of the securities of the Issuer. Mr. Hague may be deemed to have an indirect interest in certain of the shares owned by the Funds through his indirect holdings in the Funds, if any. Mr. Hague disclaims beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purposes.
- [F3]Firebird Global Master Fund, Ltd., Firebird Avrora Fund, Ltd. and Firebird Republics Fund, Ltd. each hold more than 10% of the Issuer's outstanding Common Stock, and each has filed a Form 3 disclosing its holdings, which are included in the total number of shares listed above.