SGI International (fka SGII)

[Stock]

SGI International

SC 13G Statement of acquisition of beneficial ownership by individuals

Acc-no: 0001104659-09-010039 (34 Act) 2009-02-17 005-41732
09610070

(Name of Issuer)

Common Stock

(Title of Class of Securities)

784185209

(CUSIP Number)

December 31, 2008

(Date of Event Which Requires Filing of this Statement)

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

x Rule 13d-1(b)


...


9. Aggregate Amount Beneficially Owned by Each Reporting Person
6,033,365

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o

11. Percent of Class Represented by Amount in Row (9) 6.1%

12. Type of Reporting Person (See Instructions)
BD

Item 1.

(a) Name of Issuer SGI International

(b) Address of Issuer’s Principal Executive Offices
1200 Prospect Street, Suite 325 La Jolla, CA 92037


Item 2.

(a) Name of Person Filing Hill, Thompson, Magid & Co., Inc.

(b) Address of Principal Business Office or, if none, Residence
15 Exchange Place, Suite 800 Jersey City, NJ 07302

(c) Citizenship New York

(d) Title of Class of Securities Common Stock

(e) CUSIP Number 784185209

Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) x Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

...

Amount beneficially owned:

Hill Thompson acquired and held beneficial ownership of more than 5% of the class of equity securities as of December 31, 2007. The reported share amounts reflect amounts beneficially owned by the reporting person as of December 31, 2008.

The percentage disclosed in Item 11 of the Cover Page is calculated based upon 97,991,352 shares of the issuer’s common stock outstanding, which is the total number of shares issued and outstanding as reported in the issuer’s Quarterly Report on Form 10-QSB for the period ended September 30, 2001 and filed with the Securities and Exchange Commission on November 19, 2001.

(b)
Percent of class: See Item 11 of the Cover Page to this Schedule 13G.

...

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: February 17, 2009

HILL, THOMPSON, MAGID & CO., INC.

*/s/ Sam Guidetti
Signature
Sam Guidetti/Authorized Signatory
Name/Title

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*This Schedule 13G was executed by Sam Guidetti pursuant to the power of attorney filed with the Securities and Exchange Commission on February 17, 2009 in connection with a Schedule 13G for Condor Capital Inc., which power of attorney is incorporated herein by reference.

http://idea.sec.gov/Archives/edgar/data/737955/000110465909010039/a09-5714_15sc13g.htm