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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Pinetree (Barbados) Inc. (Last) (First) (Middle) 30E LOWER HALCYON HEIGHTS (Street) LASCELLES ST. JAMES C8 S10 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol SOLOMON TECHNOLOGIES INC [ SOLM ]	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) 02/15/2006
	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 $0.001 per share	12/16/2006		J(1)		25,000	A	$0	2,367,948	D(2)
Common Stock, Par value $0.001 per share	02/15/2006		J(3)		5,857,370	A	$0	6,743,107(5)	D(2)
Common Stock, Par value $0.001 per share	02/15/2006		J(4)		860,737	A	$0	6,743,107(5)	D(2)

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
Common Stock Purchase Warrant	$1	12/16/2005		J(1)			50,000	12/12/2003	04/16/2009	Common Stock, par value $0.001 per share	50,000	$0	0	D(2)
Common Stock Purchase Warrant	$1	02/15/2006		J(4)			1,221,474	04/30/2004	04/30/2014	Common Stock, par value $0.001 per share	1,221,474	$0	0	D(2)
Common Stock Purchase Warrant	$1	02/15/2006		J(4)			500,000	11/05/2004	11/05/2014	Common Stock, par value $0.001 per share	500,000	$0	0	D(2)
Series A Preferred Stock, par value $0.001 per share	$0	02/15/2006		J(3)			250,000	11/05/2004	11/05/2014	Common Stock, par value $0.001 per share	250,000	$0	0	D(2)
Series A Preferred Stock, par value $0.001 per share	$0	02/15/2006		J(3)			921,474	05/03/2004	05/03/2014	Common Stock, par value $0.001 per share	921,474	$0	0	D(2)

1. Name and Address of Reporting Person* Pinetree (Barbados) Inc. (Last) (First) (Middle) 30E LOWER HALCYON HEIGHTS (Street) LASCELLES ST. JAMES C8 S10 (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* Pinetree Capital Ltd. (Last) (First) (Middle) 130 KING STREET W. SUITE 2810 (Street) TORONTO A6 M5X 1A9 (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. Pursuant to an exchange agreement between Pinetree and the Issuer, warrants to purchase 50,000 shares of Common Stock were converted into 25,000 shares of Common Stock.

2. Owned directly by Pinetree (Barbados) Inc., and indirectly by Pinetree Capital Ltd. ("Pinetree"), which owns 100% of Pinetree (Barbados) Inc.

3. Pursuant to a reclassification exempt under Rule 16b-7, each share of Series A Preferred Stock was reclassified into 5 shares of Common Stock.

4. Pursuant to an exchange agreement between Pinetree and the Issuer, warrants to purchase 1,721,474 shares of Common Stock were converted into 860,737 shares of Common Stock.

5. The transactions described in footnotes (3) and (4) occurred simultaneously.

	Pinetree (Barbados) Inc.	02/17/2006
	Pinetree Capital Ltd.	02/17/2006
	** 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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