SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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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. Date of Event Requiring Statement (Month/Day/Year)
04/13/2007
3. Issuer Name and Ticker or Trading Symbol
AVAX TECHNOLOGIES INC [ AVXTE.OB ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.004 per share 14,666,667(1) I See footnote (1)
Common Stock, par value $0.004 per share 12,387,000(2) I See footnote (2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants for Common Stock, par value $0.004 per share 04/13/2007 04/13/2012 Common Stock, par value $0.004 per share 12,800,000(1) $0.15(3) I See footnote (1)
Warrants for Common Stock, par value $0.004 per share 04/13/2007 04/13/2012 Common Stock, par value $0.004 per share 12,000,000(2) $0.15(3) I See footnote (2)
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)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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 and Harvey Sawikin are the control persons of FGS, control the voting and investment decisions of FGS and may be deemed 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 and Harvey Sawikin are the control persons of FG2, control the voting and investment decisions of FG2 and may be deemed 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. The exercise price of these securities is subject to adjustment to prevent dilution in the event that the Issuer takes certain corporate actions, including the issuance of additional shares.
Remarks:
/s/ James Passin - on behalf of FGS Advisors, LLC, FG2 Advisors, LLC, Firebird Global Master Fund, Ltd., Firebird Global Master Fund II, Ltd. and himself 04/23/2007
/s/ Harvey Sawikin 04/23/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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