SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FGS ADVISORS LLC

(Last) (First) (Middle)
152 WEST 57TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AVAX TECHNOLOGIES INC [ AVXT.OB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/05/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.004 per share 12/05/2007 P 167,500 A $0.1 14,834,167 I see footnotes ( 1 ) ( 3 )
Common Stock, par value $0.004 per share 12,387,000 I See footnotes ( 2 ) ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants exercisable for Common Stock, par val $0.004/share $0.15 04/13/2007 04/13/2012 Common Stock, par value $0.004 per share 12,000,000 12,000,000 I See footnotes ( 1 ) ( 3 )
Warrants exercisable for Common Stock, par val $0.004/share $0.35 05/17/2004 05/17/2009 Common Stock, par value $0.004 per share 250,000 250,000 I See footnotes ( 1 ) ( 3 )
Warrants exercisable for Common Stock, par val $0.004/share $0.39 05/17/2004 05/17/2009 Common Stock, par value $0.004 per share 250,000 250,000 I See footnotes ( 1 ) ( 3 )
Warrants exercisable for Common Stock, par val $0.004/share $0.41 04/05/2005 04/05/2010 Common Stock, par value $0.004 per share 150,000 150,000 I See footnotes ( 1 ) ( 3 )
Warrants exercisable for Common Stock, par val $0.004/share $0.48 04/05/2005 04/05/2010 Common Stock, par value $0.004 per share 150,000 150,000 I See footnotes ( 1 ) ( 3 )
Warrants exercisable for Common Stock, par val $0.004/share $0.15 04/13/2007 04/13/2012 Common Stock, par value $0.004 per share 12,000,000 12,000,000 I See footnotes ( 2 ) ( 3 )
1. Name and Address of Reporting Person*
FGS ADVISORS LLC

(Last) (First) (Middle)
152 WEST 57TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
FIREBIRD GLOBAL MASTER FUND LTD

(Last) (First) (Middle)
152 WEST 57TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
FG2 Advisors, LLC

(Last) (First) (Middle)
152 WEST 57TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Firebird Global Master Fund II, Ltd.

(Last) (First) (Middle)
152 WEST 57TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Passin James

(Last) (First) (Middle)
152 WEST 57TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Sawikin Harvey

(Last) (First) (Middle)
152 WEST 57TH STREET, 24TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
Explanation of Responses:
1. These securities are held directly by Firebird Global Master Fund, Ltd. ("Global Fund"). FGS Advisors, LLC ("FGS") acts as investment advisor to Global Fund, and shares voting and investment control with respect to these securities with Global Fund. James Passin is the control person of FGS, and controls the voting and investment decisions of FGS. Mr. Sawikin may be deemed to control FGS, and to share voting and investment control with respect to these securities. FGS, Mr. Passin and Mr. Sawikin each 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 purpose.
2. These securities are held directly by Firebird Global Master Fund II, Ltd. ("Global Fund II"). FG2 Advisors, LLC ("FG2") acts as investment advisor to Global Fund II, and shares voting and investment control with respect to these securities with Global Fund II. James Passin is the control person of FG2, and controls the voting and investment decisions of FG2. Mr. Sawikin may be deemed to control FG2, and to share voting and investment control with respect to these securities. FG2, Mr. Passin and Mr. Sawikin each 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 purpose.
3. James Passin and Harvey Sawikin may each be deemed to have an indirect interest in certain of the securities owned by Global Fund and Global Fund II through each of their indirect holdings therein. Each of Mr. Passin and Mr. Sawikin disclaims beneficial ownership of all securities 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 purpose.
Remarks:
/s/ James Passin - as Authorized Person of FGS Advisors, LLC and of FG2 Advisors, LLC, as director of Firebird Global Master Fund, Ltd. and of Firebird Global Master Fund II, Ltd., and for himself 12/07/2007
/s/ Harvey Sawikin 12/07/2007
** Signature of Reporting Person Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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