SC 13G: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on July 23, 2010
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
(Amendment
No.)*
EClips
Media Technologies, Inc.
(Name
of Issuer)
Common
Stock
(Title
of Class of Securities)
27885J
101
(CUSIP
Number)
July
14, 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)
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x
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Rule
13d-1(c)
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| o |
Rule
13d-1(d)
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*The
remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The
information required in the remainder of this cover page shall not be deemed to
be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the
Notes).
| CUSIP No. 27885J 101 |
13G
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Page 2 of 4 Pages
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1
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NAMES
OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES
ONLY)
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Barry Honig
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o | |
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(b) o | |
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3
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SEC
USE ONLY:
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION:
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United
States of America
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5
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SOLE
VOTING POWER
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NUMBER
OF
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20,767,054
(1)(2)
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SHARES
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6
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SHARED
VOTING POWER
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BENEFICIALLY
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OWNED
BY
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0
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EACH
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7
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SOLE
DISPOSITIVE POWER
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REPORTING
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PERSON
WITH
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20,767,054
(1)(2)
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8
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SHARED
DISPOSITIVE POWER
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0
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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20,767,054
(1)(2)
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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o
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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9.9%
(1)(2)
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12
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TYPE
OF REPORTING PERSON (See Instructions)
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IN
- Individual
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(1)
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Includes
(i) 18,107,054 shares of common stock and (ii) 2,660,000 shares of common
stock underlying convertible debentures and warrants. Does not
include an additional 26,340,000 shares of common stock underlying
convertible debentures and
warrants.
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(2)
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All
of the Reporting Person’s debentures and warrants contain a blocker
provision under which the Reporting Person can only convert his debentures
or exercise his warrants to a point where he would own a maximum of 9.99%
of the total shares outstanding.
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| CUSIP No. 27885J 101 |
13G
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Page 3 of 4 Pages
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Item
1.
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(a)
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Name
of Issuer: EClips Media Technologies,
Inc.
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(b)
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Address
of Issuer’s Principal Executive Offices: 110 Greene Street, Suite 410, New
York, NY 10012
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Item
2.
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(a)
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Name
of Person Filing: Barry Honig
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(b)
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Address
of Principal Business Office or, if none, Residence: 595 South Federal
Highway, Suite 600, Boca Raton, FL
33432
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(c)
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Citizenship:
United States of America
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(d)
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Title
of Class of Securities: Common Stock
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| (e) | CUSIP Number: 27885J 101 |
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Item
3.
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If
this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c),
check whether the person filing is
a:
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Not
Applicable.
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Item
4.
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Ownership.
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See Item 5 through 9 and 11 of cover
page. The amount beneficially owned includes, where appropriate, securities not
outstanding, which are subject to options, warrants, rights or conversion
privileges that are exercisable within 60 days of July 23,
2010.
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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.
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Ownership
of More than Five Percent on Behalf of Another
Person.
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Not
Applicable.
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Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company or Control
Person.
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Not
Applicable.
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Item
8.
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Identification
and Classification of Members of the
Group.
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Not
Applicable.
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Item
9.
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Notice
of Dissolution of Group.
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Not
Applicable.
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Item
10.
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Certifications.
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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.
| CUSIP No. 27885J 101 |
13G
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Page 4 of 4 Pages
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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.
Date:
July 23, 2010
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By:
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/s/
Barry Honig
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Barry
Honig
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