SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Rule 13d-102
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Bovie Medical Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
032347205
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(CUSIP Number)
12/31/2007
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1 (b)
|X| Rule 13d-1 (c)
|_| 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 disclosures provided in a prior cover page.
The information required on 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 1 of 7 Pages
CUSIP No. 032347205
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(1) Names of reporting persons.
RENAISSANCE US GROWTH INVESTMENT TRUST PLC
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
UNITED KINGDOM
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
0
(6) Shared voting power:
1,100,000 (1)
(7) Sole dispositive power:
0
(8) Shared dispositive power:
1,100,000 (2)
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(9) Aggregate amount beneficially owned by each reporting person.
1,100,000
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
7.1%
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(12) Type of reporting person (see instructions).
IV
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(1) US Special Opportunities Trust PLC (formerly BFS US Special
Opportunities Trust PLC) ("USO") is the owner of record of the shares
and shares voting power over the shares with RENN Capital Group, Inc.,
its investment adviser ("RENN") pursuant to an investment advisory
agreement.
(2) USO shares dispositive power over the shares with RENN.
Page 2 of 7 Pages
CUSIP No. 032347205
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(1) Names of reporting persons.
US Special Opportunities Trust PLC
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
England and Wales
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
N/A
(6) Shared voting power:
N/A
(7) Sole dispositive power:
N/A
(8) Shared dispositive power:
N/A
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(9) Aggregate amount beneficially owned by each reporting person.
N/A
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
%
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(12) Type of reporting person (see instructions).
IV
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Page 3 of 7 Pages
CUSIP No. 032347205
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(1) Names of reporting persons.
RENN Capital Group, Inc.
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
TEXAS
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
0
(6) Shared voting power:
2,200,000 (1)
(7) Sole dispositive power:
0
(8) Shared dispositive power:
2,200,000 (2)
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(9) Aggregate amount beneficially owned by each reporting person.
2,200,000
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
14.3%
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(12) Type of reporting person (see instructions).
IA
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(1) RENN is investment adviser to USO and investment manager to R US. R US
and USO share voting power over their shares with RENN pursuant to an
investment advisory agreement.
(2) R US and USO share dispositive power over their shares with RENN.
Page 4 of 7 Pages
CUSIP No. 032347205
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(1) Names of reporting persons.
Cleveland, Russell
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(2) Check the appropriate box if a member of a group (see instructions) (a)|_|
(b)|_|
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(3) SEC use only.
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(4) Citizenship or place of organization.
US
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power:
0
(6) Shared voting power:
2,200,000 (1)
(7) Sole dispositive power:
0
(8) Shared dispositive power:
2,200,000 (2)
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(9) Aggregate amount beneficially owned by each reporting person.
2,200,000
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(10) Check if the aggregate amount in Row (9) excludes certain shares |_|
(see instructions).
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(11) Percent of class represented by amount in Row 9.
14.3%
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(12) Type of reporting person (see instructions).
IN
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(1) Mr. Cleveland is President and Chief Executive Officer of RENN which is
investment adviser to USO and R US. R US and USO share voting power over
their shares with RENN pursuant to an investment advisory agreement.
(2) R US and USO share dispository power over their shares with RENN.
Page 5 of 7 Pages
Item 1(a). Name of Issuer:
Bovie Medical Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
734 WALT WHITMAN RD., MELVILLE, NEW YORK 11747
Item 2(a). Name of Person Filing:
RENAISSANCE US GROWTH INVESTMENT TRUST PLC
US Special Opportunities Trust PLC
RENN Capital Group, Inc.
Cleveland, Russell
Item 2(b). Address or Principal Business Office or, If None, Residence:
c/o RENN Capital Group, Inc., 8080 N. Central Expressway, Suite 210,
LB-59, Dallas, TX 75026
Item 2(c). Citizenship:
England and Wales, TEXAS, UNITED KINGDOM, US
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP No.:
032347205
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
(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 of 1940 (15 U.S.C 80a-8).
(e) |_| An investment adviser in accordance with
ss. 240.13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
ss.240.13d- 1(b)(1)(ii)(G);
(h) |_| A savings associations 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);
(j) |_| Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c),
check this box. |X|
Item 4. Ownership
(a) Amount beneficially owned:
USO - 1,100,000
R US - 1,100,000
RENN - 2,200,000
Russell Cleveland - 2,200,000 (1)
(b) Percent of class:
USO - 7.1%
R US - 7.1%
RENN - 14.3%
Russell Cleveland - 14.3% (2)
(c) Number of shares as to which such person has:
(i) Sole power to direct the vote
0
(ii) Shared power to direct the vote
USO - 1,100,000
R US - 1,100,000
RENN - 2,200,000
Russell Cleveland - 2,200,000 (3)
(iii) Sole power to dispose or direct the disposition of
0
(iv) Shared power to dispose or direct the disposition of
USO - 1,100,000
R US - 1,100,000
RENN - 2,200,000
Russell Cleveland - 2,200,000 (4)
Item 5. Ownership of 5 Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than 5 percent of the class of securities, check the following |_|
Item 6. Ownership of More than 5 Percent on Behalf of Another Person.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certifications
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.
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1. USO and R US are each the record owner and beneficial owner
of 1,100,000 shares of the common stock of Bovie Medical Corp. Each of USO
and R US share voting and dispositive power over their respective shares with
RENN pursuant to
an investment advisory agreement. Mr. Cleveland may be deemed to be the
beneficial owner of the shares of Common Stock beneficially owned by RENN.
2. USO and R US are each the record owner and beneficial owner
of 1,100,000 shares of the common stock of Bovie Medical Corp. Each of USO
and R US share voting and dispositive power over their respective shares with
RENN pursuant to
an investment advisory agreement. Mr. Cleveland may be deemed to be the
beneficial owner of the shares of Common Stock beneficially owned by RENN.
3. Each of USO and R US share voting and dispositive power over their
respective shares with RENN pursuant to
an investment advisory agreement. Mr. Cleveland may be deemed to be the
beneficial owner of the shares of Common Stock beneficially owned by RENN.
4. Each of USO and R US share voting and dispositive power over their
respective shares with RENN pursuant to
an investment advisory agreement. Mr. Cleveland may be deemed to be the
beneficial owner of the shares of Common Stock beneficially owned by RENN.
Page 6 of 7 Pages
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.
Renaissance US Growth Investment Trust PLC
Date: 02/13/2008 /s/ Russell Cleveland
Name: Russell Cleveland
Title: President, RENN Capital
Group, Inc., Investment Adviser
US Special Opportunities Trust PLC
Date: 02/13/2008 /s/ Russell Cleveland
Name: Russell Cleveland
Title: President, RENN Capital
Group, Inc., Investment Manager
RENN Capital Group, Inc.
Date: 02/13/2008 /s/ Russell Cleveland
Name: Russell Cleveland
Title: President
Russell Cleveland
Date: 02/13/2008 /s/ Russell Cleveland
Name: Russell Cleveland
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, Provided, however, That a power of attorney for this purpose
which is already on file with the Commission may be incor porated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: Intentional misstatements or omissions of fact constitute Federal
criminal violations (see 18 U.S.C. 1001). (Secs. 3(b), 13(d)(1), 13(d)(2),
13(d)(5), 13(d)(6), 13(g)(1), 13(g)(2), 13(g)(5), 23, 48 Stat. 882, 894, 901;
sec. 203(a), 49 Stat. 704; sec. 8, 49 Stat. 1379; sec. 10, 78 Stat. 88a; sec.
2, 82 Stat. 454; secs. 1, 2, 84 Stat. 1497; secs. 3, 10, 18, 89 Stat. 97, 119,
155; secs. 202, 203, 91 Stat. 1494, 1498, 1499; (15 U.S.C. 78c(b), 78m(d)(1),
78m(d)(2), 78m(d)(5), 78m(d)(6), 78m(g)(1), 78m(g)(2), 78m(g)(5), 78w)) [43 FR
18499, Apr. 28, 1978, as amended at 43 FR 55756, Nov. 29, 1978; 44 FR 2148,
Jan. 9, 1979; 44 FR 11751, Mar. 2, 1979; 61 FR 49959, Sept. 24, 1996; 62 FR
35340, July 1, 1997; 63 FR 2867, Jan. 16, 1998; 63 FR 15287, Mar. 31, 1998]
Page 7 of 7 Pages