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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000950138-07-000848.txt : 20071025
<SEC-HEADER>0000950138-07-000848.hdr.sgml : 20071025
<ACCEPTANCE-DATETIME>20071025161632
ACCESSION NUMBER:		0000950138-07-000848
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071015
FILED AS OF DATE:		20071025
DATE AS OF CHANGE:		20071025

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQUICAP INC
		CENTRAL INDEX KEY:			0001006840
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MOTOR VEHICLES & MOTOR VEHICLE PARTS & SUPPLIES [5010]
		IRS NUMBER:				330652593
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		12373 E. CORNELL AVE
		CITY:			AURORA
		STATE:			CO
		ZIP:			80014
		BUSINESS PHONE:		3034784442

	MAIL ADDRESS:	
		STREET 1:		10510 HILLSBORO ROAD,
		CITY:			SANTA ANA,
		STATE:			CA
		ZIP:			92705

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KITT BARRY M
		CENTRAL INDEX KEY:			0001165244

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31091
		FILM NUMBER:		071191052

	BUSINESS ADDRESS:	
		STREET 1:		4965 PRESTON PARK BLVD.
		STREET 2:		SUITE 240
		CITY:			PLANO
		STATE:			TX
		ZIP:			75093
		BUSINESS PHONE:		9729852121
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>oct25_kitt-equicap4ex.xml
<DESCRIPTION>\PINNACLE CHINA\2007\OCT 25 KITT-4-EQUICAP\
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-10-15</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001006840</issuerCik>
        <issuerName>EQUICAP INC</issuerName>
        <issuerTradingSymbol>EQPI.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001165244</rptOwnerCik>
            <rptOwnerName>KITT BARRY M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O THE PINNACLE FUND, L.P.</rptOwnerStreet1>
            <rptOwnerStreet2>4965 PRESTON PARK BLVD., SUITE 240</rptOwnerStreet2>
            <rptOwnerCity>PLANO</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75093</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, $0.001 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2007-10-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1521128</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                    <footnoteId id="F1"/>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5746481</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By The Pinnacle Fund, L.P. and Pinnacle China Fund, L.P.</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The initial investment in common stock to which this Form 4 relates occurred pursuant to a private placement investment in
 the Issuer on March 7, 2007 (the &quot;Private Placement&quot;).  As part of the Private Placement, certain shareholders pledged
 shares of common stock of the Issuer owned by them (the &quot;Make Good Shares&quot;) which in the event that the Issuer did  not
 achieve certain specified financial results for the fiscal year ending June 30, 2007 would be  transferred pro rata to the
 investors in the Private Placement for no additional consideration or action.  The specified  financial results for the
 fiscal year ended June 30, 2007 were not met by the Issuer, and each of The Pinnacle Fund, L.P., a  Texas limited
 partnership (&quot;Pinnacle&quot;) and Pinnacle China Fund, L.P., a Texas limited partnership (&quot;Pinnacle China&quot;) are  entitled, in the
 aggregate, to the number of Make Good Shares referred to in Column 4 of Table I.</footnote>
        <footnote id="F2">Barry M. Kitt exercises investment discretion and control over the shares of common stock of the Issuer held by Pinnacle and
 Pinnacle China.  Mr. Kitt may be deemed to be the beneficial owner of the shares of common stock beneficially owned by
 Pinnacle and Pinnacle China.  Mr. Kitt hereby disclaims beneficial ownership of the shares of common stock reported herein,
 and this Form 4 shall not be deemed to be an admission that Mr. Kitt is the beneficial owner of the shares of common stock
 reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Barry M. Kitt</signatureName>
        <signatureDate>2007-10-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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