-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J6S8hY/HURQoK44s31W4vFFS7t93UWeEhtETzO5pV+heKqqhOHAEhDSMN25vl/SF WF1vW8kgo2wN/XZmbblAew== 0000919574-07-004446.txt : 20070910 0000919574-07-004446.hdr.sgml : 20070910 20070910144248 ACCESSION NUMBER: 0000919574-07-004446 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070910 DATE AS OF CHANGE: 20070910 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FREEHAND SYSTEMS INTERNATIONAL, INC. CENTRAL INDEX KEY: 0000844010 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 112906904 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83112 FILM NUMBER: 071108460 BUSINESS ADDRESS: STREET 1: 95 FIRST STREET STREET 2: SUITE 200 CITY: LOS ALTOS STATE: CA ZIP: 94022 BUSINESS PHONE: 6509410742 MAIL ADDRESS: STREET 1: 95 FIRST STREET STREET 2: SUITE 200 CITY: LOS ALTOS STATE: CA ZIP: 94022 FORMER COMPANY: FORMER CONFORMED NAME: FreeHand Systems International, Inc. DATE OF NAME CHANGE: 20070829 FORMER COMPANY: FORMER CONFORMED NAME: FREEHAND INFORMATION SYSTEMS, INC. DATE OF NAME CHANGE: 20070809 FORMER COMPANY: FORMER CONFORMED NAME: U S ENVIRONMENTAL INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VISION OPPORTUNITY MASTER FUND, LTD. CENTRAL INDEX KEY: 0001349985 IRS NUMBER: 270120759 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O VISION CAPITAL ADVISORS, LLC STREET 2: 20 WEST 55TH STREET, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 849-8228 MAIL ADDRESS: STREET 1: C/O VISION CAPITAL ADVISORS, LLC STREET 2: 20 WEST 55TH STREET, 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: Vision Opportunity Master Fund Ltd DATE OF NAME CHANGE: 20060117 SC 13G 1 d807165.htm FREEHAND SYSTEMS 13G d807165.htm

 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No.____________)*


FreeHand Systems International, Inc.
(Name of Issuer)


Common Stock, $0.001 par value
(Title of Class of Securities)


 
                                                35645V108
(CUSIP Number)


August 29, 2007
(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)

__________
*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).
 




CUSIP No
 35645V108    
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Vision Opportunity Master Fund, Ltd.
 
     
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [_]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Cayman Islands
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
7,996,875
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
7,996,875
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
7,996,875
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
17.4%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
 
 





CUSIP No
 35645V108    
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Vision Capital Advisors, LLC (formerly known as Vision Opportunity Capital Management, LLC)
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [_]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
7,996,875
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
7,996,875
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
7,996,875
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
17.4%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
 




CUSIP No
 35645V108    
     
1.
NAME OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Adam Benowitz
 
     
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
   
(a)  [_]
   
(b)  [_]
     
3.
SEC USE ONLY
 
     
     
     
4.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
US Citizen
 
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5.
SOLE VOTING POWER
 
     
 
0
 
     
6.
SHARED VOTING POWER
 
     
 
7,996,875
 
     
7.
SOLE DISPOSITIVE POWER
 
     
 
0
 
     
8.
SHARED DISPOSITIVE POWER
 
     
 
7,996,875
 
     
9.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
 
7,996,875
 
     
10.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
   
[_]
     
     
11.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
     
 
17.4%
 
     
12.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
 




CUSIP No
 35645V108    

Item 1.
(a).
Name of Issuer:
 
   
FreeHand Systems International, Inc.
 
       

 
(b).
Address of Issuer's Principal Executive Offices:
 
   
95 First Street, Suite 200
Los Altos, CA 94022 
 
       

Item 2.
(a).
Name of Person Filing:
 
   
Vision Opportunity Master Fund, Ltd.
Vision Capital Advisors, LLC
Adam Benowitz
 
       

 
(b).
Address of Principal Business Office, or if None, Residence:
 
   
Vision Opportunity Master Fund, Ltd.
c/o Citi Hedge Fund Services (Cayman) Limited
P.O. Box 1748
Cayman Corporate Centre
27 Hospital Road, 5th Floor
Grand Cayman KY1-1109
Cayman Islands
 
 
   
Vision Capital Advisors, LLC
Adam Benowitz:
20 West 55th Street, 5th Floor
New York, NY 10019
 
       

 
(c).
Citizenship:
 
   
Vision Opportunity Master Fund, Ltd. - Cayman Islands
 
   
Vision Capital Advisors, LLC - Delaware
Adam Benowitz - US Citizen
 

 
(d).
Title of Class of Securities:
 
       
   
Common Stock, $0.001 par value
 

 
(e).
CUSIP Number:
 
       
     35645V108
 
 
 Item 3.
If This Statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a:
 
 
       
   
Not Applicable
 
 
 Item 4.
Ownership
 
       
  The following is information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1 as of August 10, 2007   
 
 
(a)
Vision Opportunity Master Fund, Ltd. – 7,996,875
 
Vision Capital Advisors, LLC - 7,996,875
 
Adam Benowitz - 7,996,875
     
     

 
(b)
Percent of class:
   
Vision Opportunity Master Fund, Ltd. – 17.4%*
 
Vision Capital Advisors, LLC - 17.4%*
 
Adam Benowitz - 17.4%*
     

 
(c)
Number of shares as to which the person has:
     

   
Vision Opportunity Master Fund, Ltd.
   
           
   
(i)
Sole power to vote or to direct the vote
0
,
         
   
(ii)
Shared power to vote or to direct the vote
7,996,875
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
7,996,875
.
         

   
Vision Capital Advisors, LLC
     
             
   
(i)
Sole power to vote or to direct the vote
0
,
 
           
   
(ii)
Shared power to vote or to direct the vote
7,996,875
,
 
           
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
 
           
   
(iv)
Shared power to dispose or to direct the disposition of
7,996,875
.
 
           
   
Adam Benowitz
   
           
   
(i)
Sole power to vote or to direct the vote
0
,
             
   
(ii)
Shared power to vote or to direct the vote
7,996,875
,
             
   
(iii)
Sole power to dispose or to direct the disposition of
0
,
             
   
(iv)
Shared power to dispose or to direct the disposition of
7,996,875
.
             

*Percent of class based on 45,847,902 shares outstanding as of 7/27/07 (based on the Issuer’s 10SB12G filed 8/29/07).


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.

 
(b)
The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

   
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.
 

September 10, 2007
   
     
     
 
VISION OPPORTUNITY MASTER FUND, LTD.**
     
     
 
By: 
/s/ Adam Benowitz
   
Adam Benowitz
   
Director
     
     
 
VISION CAPITAL ADVISORS, LLC**
     
     
 
By: 
/s/ Adam Benowitz
   
Adam Benowitz
   
Director
     
     
     
 
/s/ Adam Benowitz
 
ADAM BENOWITZ**

** Vision Capital Advisors, LLC (the “Investment Manager”) serves as investment manager to Vision Opportunity Master Fund, Ltd. (the “Master Fund”), the record owner of the subject securities.  Adam Benowitz is the managing member of the Investment Manager and the Master Fund’s portfolio manager.  Each of the Reporting Persons disclaims beneficial ownership except to the extent of its pecuniary interest therein.
 
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 incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Note.  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.
 
Attention.  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
 


Exhibit A


AGREEMENT

The undersigned agree that this Schedule 13G dated September 10, 2007 relating to the Common Stock, $0.001 par value of FreeHand Systems International, Inc. shall be filed on behalf of the undersigned.

 
VISION OPPORTUNITY MASTER FUND, LTD.**
     
     
 
By: 
/s/ Adam Benowitz
   
Adam Benowitz
   
Director
     
     
 
VISION CAPITAL ADVISORS, LLC**
     
     
 
By: 
/s/ Adam Benowitz
   
Adam Benowitz
   
Director
     
     
     
 
/s/ Adam Benowitz
 
ADAM BENOWITZ**


** Each of the Reporting Persons disclaims beneficial ownership in the shares reported herein except to the extent of its pecuniary interest therein.






SK 23287 0003 807165


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