SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._____2______)*
Global Technologies, Inc.
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(Name of Issuer)
Class A Common Stock, $.01 par value
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(Title of Class of Securities)
378949101
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(CUSIP Number)
September 29, 1999
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(Date of Event)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[XX] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
<PAGE>
CUSIP No. 378949101 13G/A Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ruki Renov
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 129,898
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 301,116
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 129,898
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8 SHARED DISPOSITIVE POWER
301,116
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
431,014
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 3 of 4 Pages
Item 1. (a) Name of Issuer:
Global Technologies, Inc.
(b) Address of Issuer's Principal Executive Offices:
4041 North Central, Suite B200
Phoenix, AZ 85012
Item 2. (a) Name of Person Filing:
Ruki Renov
(b) Address of Principal Business Office:
Ruki Renov's address is 172 Broadway,
Lawrence, NY 11559
(c) Citizenship:
United States.
(d) Title of Class of Securities:
Common Stock, $.01 par value ("shares")
(e) CUSIP Number:
378949101
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) [ ] An investment adviser in accordance with 240.13d-1
(b)(1)(ii)(E)
(f) [ ] An employee benefit Plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding Company or control person in
accordance with 240.13d-1(b)(1)(ii)(G)
(h) [ ] A savings associations as defined in Section 3(b) of
the Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940.
<PAGE>
Page 4 of 4 Pages
Item 4. Ownership.
(a) (b) Mrs. Renov may be deemed to beneficially own 431,014 shares
or 7% of the Issuer's shares as follows:(i) 86,332 shares
underlying a Unit Purchase Option ("UPO") to purchase 21,583
Units(1) consisting of 21,583 shares and 64,750 shares underlying
21,583 Class A Warrants and 43,166 Class B Warrants owned
directly by Mrs. Renov, (ii) 9,000 shares owned by Mrs. Renov,
(iii) 41,783 shares owned jointly by Mr. and Mrs. Renov,(iv)
250,000 shares owned by First Lawrence Capital Corp., a
corporation in which Mrs. Renov is a director, (v) 34,566
shares owned by a family limited partnership controlled by Mrs.
Renov and (vi) 9,333 shares owned by Mr. Renov (2).
(c) Ruki Renov has sole voting and dispositive control of shares
owned by her. Mrs.Renov shares voting and dispositive power over
shares owned by First Lawrence Capital Corp.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
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.
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.
Dated: October 25, 1999 /s/ Ruki Renov
New York, New York ______________________
Ruki Renov
______________________________________________________________________________
(1) Each Unit ("Unit") consists of one share and one Class A Common Stock
Purchase Warrant ("Class A Warrant") and one Class B Common Stock Purchase
Warrant ("Class B Warrant"). Each Class A Warrant entitles the holder to
purchase one share and one Class B Warrant at an exercise price of $21.00 per
share exercisable prior to March 7, 2,000. Each Class B Warrant entitles the
holder to purchase one share at an exercise price of $29.25 prior to March 7,
2,000. These numbers reflect the three for one reverse split.
(2) The filing of this statement shall not be deemed an admission by Mrs.
Renov that she beneficially owns the securities attributed to her husband for
any purpose. Mrs. Renov expressly disclaims beneficial ownership of all
securities owned beneficially by him.
