CUSIP No. | 244196101 | |
1)
Name of Reporting Persons.
|
Vicis Capital LLC | |
2)
Check the Appropriate Box if a Member of a Group (See
Instructions)
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(a)
[ ]
(b)
[ ]
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3)
SEC Use Only
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4)
Citizenship or Place of Organization
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Delaware | |
Number
of
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5) Sole voting power | 2,474,929 |
Shares
Beneficially
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Owned
by
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6) Shared voting power | None |
Each
Reporting
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Person
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7) Sole dispositive power | 2,474,929 |
With
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8) Shared dispositive power | None |
9)
Aggregate Amount Beneficially Owned by Each Reporting
Person
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2,474,929 | |
10)
Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
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(See Instructions) [ ]
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11)
Percent of Class Represented by Amount in Row
(9)
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28.8% | |
12)
Type of reporting person.
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IA | |
Item 1(a) |
Name
of Issuer:
|
Item 1(b) |
Address
of Issuer’s Principal Executive Offices:
|
Item 2(a) |
Name
of Person Filing:
|
Item 2(b) |
Address
of Principal Business Office or, if none, Residence:
|
Item 2(c) |
Citizenship:
|
Item 2(d) |
Title
of Class of Securities:
|
Item 2(e) |
CUSIP
Number:
|
(a)
|
[
]
|
Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o).
|
(b)
|
[
]
|
Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
|
(c)
|
[
]
|
Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
|
(d)
|
[
]
|
Investment
company registered under section 8 of the Investment Company Act
(15
U.S.C. 80a-8).
|
(e)
|
[X]
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An
investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E).
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(f)
|
[
]
|
An
employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F).
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(g)
|
[
]
|
A
parent holding company or control plan, in accordance with
§240.13d-1(b)(1)(ii)(G). (Note: See Item
7).
|
(h)
|
[
]
|
A
savings association as defined in section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
|
(i)
|
[
]
|
A
church plan that is excluded from the definition of an investment
company
under section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3)
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(j)
|
[
]
|
Group,
in accordance with
§240.13d-1(b)(1)(ii)(J).
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(a) |
Amount
Beneficially Owned:
|
All 2,474,929 shares reported on this Schedule are held directly by Vicis Capital Master Fund, for which Vicis Capital LLC acts as investment advisor. Vicis Capital LLC may be deemed to beneficially own such 2,474,929 shares within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, by virtue of the voting and dispositive power over such shares granted by Vicis Capital Master Fund to Vicis Capital LLC. The voting and dispositive power granted to Vicis Capital LLC by Vicis Capital Master Fund may be revoked at any time. Vicis Capital LLC disclaims beneficial ownership of any shares reported on this Schedule. |
(b)
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Percent
of Class:
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28.8%. Based upon 8,592,929 shares outstanding at September 29, 2007, as reported by Deer Valley Corp. in its Quarterly Report on Form 10-Q for the period ended September 29, 2007. |
(c) | Number of shares as to which such person has: |
VICIS CAPITAL LLC | ||
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/s/ Keith W. Hughes | ||
Keith W. Hughes |
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Chief Financial Officer |