x
|
Rule
13d-1(b)
|
|
o
|
Rule
13d-1(c)
|
|
o
|
Rule
13d-1(d)
|
CUSIP No. |
244196101
|
|
1)
Name of Reporting Persons.
|
Vicis Capital LLC | |
2)
Check the Appropriate Box if a Member of a Group (See
Instructions)
|
||
(a)
o
(b)
o
|
||
3)
SEC Use Only
|
||
4)
Citizenship or Place of Organization
|
Delaware | |
Number
of
|
5) Sole voting power |
2,874,822
|
Shares
Beneficially
|
||
Owned
by
|
6) Shared voting power | None |
Each
Reporting
|
||
Person
|
7) Sole dispositive power |
2,874,822
|
With
|
||
|
8) Shared dispositive power | None |
9)
Aggregate Amount Beneficially Owned by Each Reporting
Person
|
2,874,822
|
|
10)
Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
|
||
(See Instructions) o
|
||
11)
Percent of Class Represented by Amount in Row
(9)
|
13.46% | |
12)
Type of reporting person.
|
IA | |
Item
1(a)
|
Name
of Issuer:
|
Deer
Valley Corp.
|
|
Item
1(b)
|
Address
of Issuer’s Principal Executive Offices:
|
4902
Eisenhower Blvd., Suite 185
|
|
Tampa,
FL 33634
|
|
Item
2(a)
|
Name
of Person Filing:
|
Vicis
Capital LLC
|
|
Item
2(b)
|
Address
of Principal Business Office or, if none, Residence:
|
126
East 56th Street, Tower 56, Suite 700
|
|
New
York, NY 10022
|
|
Item
2(c)
|
Citizenship:
|
Vicis
Capital LLC is a Delaware limited liability
company
|
Item
2(d)
|
Title
of Class of Securities:
|
Common
Stock, $0.001 par value per share
|
|
Item
2(e)
|
CUSIP
Number:
|
244196101
|
(a)
|
o
|
Broker
or dealer registered under section 15 of the Act (15 U.S.C.
78o).
|
|
(b)
|
o
|
Bank
as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
|
|
(c)
|
o
|
Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
|
|
(d)
|
o
|
Investment
company registered under section 8 of the Investment Company Act
(15
U.S.C. 80a-8).
|
|
(e)
|
x
|
An
investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E).
|
|
(f)
|
o
|
An
employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F).
|
|
(g)
|
o
|
A
parent holding company or control plan, in accordance with
§240.13d-1(b)(1)(ii)(G). (Note: See Item 7).
|
|
(h)
|
o
|
A
savings association as defined in section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
|
|
(i)
|
o
|
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)
|
|
(j)
|
o
|
Group,
in accordance with
§240.13d-1(b)(1)(ii)(J).
|
(a)
|
Amount
Beneficially Owned:
|
All
2,874,822 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 2,874,822
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)
|
Percent
of Class:
|
33.46%.
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:
|
(i)
|
Sole
power to vote or to direct the vote
|
2,874,822
shares.
|
(ii)
|
Shared
power to vote or to direct the vote
|
None.
|
(iii)
|
Sole
power to dispose or to direct the disposition
of
|
2,874,822
shares.
|
(iv)
|
Shared
power to dispose or to direct the disposition
of
|
None.
|