Unassociated Document

0001144204-08-038609.txt : 20080703 0001144204-08-038609.hdr.sgml : 20080703 20080703163539 ACCESSION NUMBER: 0001144204-08-038609 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080703 DATE AS OF CHANGE: 20080703 GROUP MEMBERS: COMVEST CAPITAL MANAGEMENT LLC GROUP MEMBERS: COMVEST GROUP HOLDINGS, LLC GROUP MEMBERS: MICHAEL S. FALK SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRDENTIA CORP CENTRAL INDEX KEY: 0001073857 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 760585701 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78465 FILM NUMBER: 08939149 BUSINESS ADDRESS: STREET 1: 14114 DALLAS PARKWAY STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75254 BUSINESS PHONE: 972-850-0780 MAIL ADDRESS: STREET 1: 14114 DALLAS PARKWAY STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75254 FORMER COMPANY: FORMER CONFORMED NAME: LIFEN INC DATE OF NAME CHANGE: 20001115 FORMER COMPANY: FORMER CONFORMED NAME: DIGIVISION INTERNATIONAL LTD DATE OF NAME CHANGE: 20001005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ComVest Capital, LLC CENTRAL INDEX KEY: 0001362707 IRS NUMBER: 510567247 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 561-868-6060 MAIL ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 SC 13G 1 v119163_sc13g.htm Unassociated Document

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

SCHEDULE 13G

Crdentia Corp.

(Name of Issuer)

Common Stock, $.0001 Par Value Per Share

(Title of Class of Securities)

225235308

(CUSIP Number)

June 23, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

CUSIP No. 225235308

Page 2 of 8


1	Name of Reporting Person

	ComVest Capital, LLC
2	Check The Appropriate Box If A Member Of A Group (See Instructions)
	(a) o
	(b) x
3	SEC Use Only


4	Citizenship Or Place Of Organization:

	Delaware
		5	Sole Voting Power:

NUMBER OF			0
SHARES		6	Shared Voting Power:
BENEFICIALLY
OWNED BY			8,000,000 Shares
EACH		7	Sole Dispositive Power:
REPORTING
PERSON			0
WITH:		8	Shared Dispositive Power:

			8,000,000 Shares
9	Aggregate Amount Beneficially Owned By Each Reporting Person :

	8,000,000 Shares
10	Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares o (See Instructions)


11	Percent of Class Represented by Amount in Row (9):

	13.6% of Common Stock
12	Type of Reporting Person (See Instructions)

	OO

CUSIP No. 225235308

Page 3 of 8


1	Name of Reporting Person

	ComVest Capital Management LLC
2	Check The Appropriate Box If A Member Of A Group (See Instructions)
	(a) o
	(b) x
3	SEC Use Only


4	Citizenship Or Place Of Organization:

	Delaware
		5	Sole Voting Power:

NUMBER OF			0
SHARES		6	Shared Voting Power:
BENEFICIALLY
OWNED BY			8,000,000 Shares
EACH		7	Sole Dispositive Power:
REPORTING
PERSON			0
WITH:		8	Shared Dispositive Power:

			8,000,000 Shares
9	Aggregate Amount Beneficially Owned By Each Reporting Person :

	8,000,000 Shares
10	Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares o (See Instructions)


11	Percent of Class Represented by Amount in Row (9):

	13.6% of Common Stock
12	Type of Reporting Person (See Instructions)

	OO

CUSIP No. 225235308

Page 4 of 8


1	Name of Reporting Person

	ComVest Group Holdings, LLC
2	Check The Appropriate Box If A Member Of A Group (See Instructions)
	(a) o
	(b) x
3	SEC Use Only


4	Citizenship Or Place Of Organization:

	Delaware
		5	Sole Voting Power:

NUMBER OF			0
SHARES		6	Shared Voting Power:
BENEFICIALLY
OWNED BY			8,000,000 Shares
EACH		7	Sole Dispositive Power:
REPORTING
PERSON			0
WITH:		8	Shared Dispositive Power:

			8,000,000 Shares
9	Aggregate Amount Beneficially Owned By Each Reporting Person :

	8,000,000 Shares
10	Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares o (See Instructions)


11	Percent of Class Represented by Amount in Row (9):

	13.6% of Common Stock
12	Type of Reporting Person (See Instructions)

	OO

CUSIP No. 225235308

Page 5 of 8


1	Name of Reporting Person

	Michael S. Falk
2	Check The Appropriate Box If A Member Of A Group (See Instructions)
	(a) o
	(b) x
3	SEC Use Only


4	Citizenship Or Place Of Organization:

	USA
		5	Sole Voting Power:

NUMBER OF			0
SHARES		6	Shared Voting Power:
BENEFICIALLY
OWNED BY			8,000,000 Shares
EACH		7	Sole Dispositive Power:
REPORTING
PERSON			0
WITH:		8	Shared Dispositive Power:

			8,000,000 Shares
9	Aggregate Amount Beneficially Owned By Each Reporting Person :

	8,000,000 Shares
10	Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares o (See Instructions)


11	Percent of Class Represented by Amount in Row (9):

	13.6% of Common Stock
12	Type of Reporting Person (See Instructions)

	IN

CUSIP No. 225235308

Page 6 of 8

ITEM 1(a).	Name of Issuer:

	Crdentia Corp.

ITEM 1(b).	Address of Issuer's Principal Executive Offices:

	14114 Dallas Parkway, Suite 600, Dallas, Texas 75254

ITEM 2(a).	Names of Persons Filing:

	ComVest Capital, LLC ("ComVest")
	ComVest Capital Management LLC ("Management")
	ComVest Group Holdings, LLC ("CGH")
	Michael S. Falk

ITEM 2(b).	Address of Principal Business Office or, if None, Residence:
	One North Clematis Street, Suite 300, West Palm Beach, Florida 33401

ITEM 2(c).	Citizenship:

	ComVest, Management and CGH are Delaware limited liability companies.

	Michael S. Falk is a U.S. citizen.

ITEM 2(d).	Title of Class of Securities:
	Common Stock, $.0001 Par Value Per Share

ITEM 2(e).	CUSIP Number: 225235308

ITEM 3.	If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is:

	This Statement is being filed pursuant to Rule 13d-1(c).

ITEM 4.	Ownership:

	(a) Amount beneficially owned by all reporting persons: 8,000,000 Shares

	(b) Percent of class: 13.6% of Common Stock

	(c) Number of shares as to which the reporting persons have:

	(i) sole power to vote or to direct the vote: 0 Shares (ii) shared power to vote or to direct the vote: 8,000,000 Shares (iii) sole power to dispose or to direct the disposition: 0 Shares (iv) shared power to dispose or to direct the disposition: 8,000,000 Shares

Page 7 of 8

ITEM 5. Ownership of five percent or less of a class.

If this statement is being filed to reflect the fact that as of the date hereof the reporting person has ceased to be the owner of more than five percent of the class of securities, check the following: [ ].

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.

The reporting persons are a group for purposes of filing this Schedule 13G. See Exhibit 1 attached hereto.

ITEM 9. Notice of dissolution of group.

Not applicable.

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 or as a participant in any transaction having that purpose or effect.

Page 8 of 8

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.

Dated: July 3, 2008


	ComVest Capital, LLC ComVest Capital Management LLC, its managing member

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez



	ComVest Capital Management LLC

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez


	ComVest Group Holdings, LLC

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez




	By:	/s/ Michael S. Falk
		Michael S. Falk, individually

EX-1 2 v119158_ex1.htm Unassociated Document

Exhibit 1

The name of the Reporting Person is ComVest Capital, LLC, a Delaware limited liability company (“ComVest”). ComVest is a private investment company. The managing member of ComVest is ComVest Capital Management LLC, a Delaware limited liability company ("Management"), the managing member of which is ComVest Group Holdings, LLC, a Delaware limited liability company ("CGH"). Michael Falk ("Falk") is the Chairman and principal member of CGH.

JOINT FILING AGREEMENT

The undersigned hereby consent to the joint filing by any of them of a Statement on Schedule 13G and any amendments thereto, whether heretofore or hereafter filed, relating to the securities of Crdentia Corp. and hereby affirm that this Schedule 13G is being filed on behalf of each of the undersigned.

Dated: July 3, 2008


	ComVest Capital, LLC By: ComVest Capital Management LLC, its managing member

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez



	ComVest Capital Management LLC

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez


	ComVest Group Holdings, LLC

	By:	/s/ Cecilio M. Rodriguez
		Cecilio M. Rodriguez




	By:	/s/ Michael S. Falk
		Michael S. Falk, individually