Sec Form 13G Filing - SELA AMIT filing for MILL CITY VENTURES III, LTD. C (MCVT) - 2012-02-17

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13G
                                 (Rule 13d-102)

            INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                             PURSUANT TO RULE 13d-2

                           (Amendment No._________)*


                               Poker Magic, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                  73086A 10 1
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                               December 31, 2011
--------------------------------------------------------------------------------
            (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 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.  73086A 10 1                13G                     Page 2 of 5 Pages
________________________________________________________________________________
1.   NAME OF REPORTING PERSONS


         Amit Sela
________________________________________________________________________________
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)  [_]
                                                                 (b)  [_]
________________________________________________________________________________
3.   SEC USE ONLY



________________________________________________________________________________
4.   CITIZENSHIP OR PLACE OF ORGANIZATION


         USA
________________________________________________________________________________
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES           633,333
               _________________________________________________________________
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY                0
               _________________________________________________________________
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING         633,333
               _________________________________________________________________
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH                  0
________________________________________________________________________________
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     633,333 SHARES
________________________________________________________________________________
10.  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
                                                                          [_]
________________________________________________________________________________
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     5.5%

________________________________________________________________________________
12.  TYPE OF REPORTING PERSON*


     IN
________________________________________________________________________________



CUSIP No.  73086A 10 1                13G                     Page 3 of 5 Pages
________________________________________________________________________________
Item 1(a).  Name of Issuer:

Poker Magic, Inc.
________________________________________________________________________________
Item 1(b).  Address of Issuer's Principal Executive Offices:

130 Lake Street West, Suite 300, Wayzata, MN 55391
________________________________________________________________________________
Item 2(a).  Name of Person Filing:

Amit Sela
________________________________________________________________________________
Item 2(b).  Address of Principal Business Office, or if none, Residence:

2341 Cherrywood Road, Minnetonka, MN 55305
________________________________________________________________________________
Item 2(c).  Citizenship:

Mr. Sela is a citizen of the United States.
________________________________________________________________________________
Item 2(d).  Title of Class of Securities:

Common Stock
________________________________________________________________________________
Item 2(e).  CUSIP Number:

73086A 10 1
________________________________________________________________________________
Item  3.    If  This  Statement  is  Filed  Pursuant  to  ss.ss.  240.13d-1(b),
or 240.13d-2(b) or (c), check whether the person filing is a:

       (a)  [_]  Broker or dealer registered under Section 15 of the Act (15
                 U.S.C. 78o);

       (b)  [_]  Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

       (c)  [_]  Insurance  company as defined in Section 3(a)(19) of the Act
                 (15 U.S.C. 78c);

       (d)  [_]  Investment  company  registered under Section 8 of the
                 Investment Company Act of 1940 (15 U.S.C. 80a-8);

       (e)  [_]  An investment adviser in accordance with ss.
                 240.13d-1(b)(1)(ii)(E);

       (f)  [_]  An employee  benefit plan or endowment  fund in  accordance
                 with ss. 240.13d-1(b)(1)(ii)(F);

       (g)  [_]  A parent  holding  company or control  person in accordance
                 with ss. 240.13d-1(b)(1)(ii)(G);

       (h)  [_]  A savings  association  as defined in Section 3(b) of the
                 Federal Deposit Insurance Act (12 U.S.C. 1813);

       (i)  [_]  A  church  plan  that  is  excluded  from  the  definition  of
                 an investment  company  under Section  3(c)(14)  of the
                 Investment Company Act (15 U.S.C. 80a-3);

       (j)  [_]  A non-U.S. institution in accordance with ss.
                 240.13d-1(b)(1)(ii)(J);



CUSIP No.  73086A 10 1                13G                     Page 4 of 5 Pages
________________________________________________________________________________

       (k)   [_]   Group, in accordance with ' 240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with ' 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: __________________.

Item 4.  Ownership.

      Provide  the  following  information  regarding  the  aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

      (a) Amount beneficially owned:

          633,333 SHARES
          ______________________________________________________________________

      (b) Percent of class:

          5.5%

          (Based  upon  11,480,224  shares  outstanding on February 3, 2012 as
          reported by the Issuer)
          ______________________________________________________________________
     (c)  Number of shares as to which such person has:

          (i)   Sole power to vote or to direct the vote: 633,333
                                                          ----------------------
          (ii)  Shared power to vote or to direct the vote: 0
                                                            --------------------

          (iii) Sole power to dispose or to direct the disposition of: 633,333
                                                                       ---------

             (iv)  Shared power to dispose or to direct the disposition of: 0
                                                                            ----
________________________________________________________________________________
Item 5.  Ownership of Five Percent or Less of a Class.

If  this  statement is being filed to report the fact that as of the date hereof
the  reporting  person has ceased to the beneficial owner of more than 5 percent
of the class of securities, check the following: [_]
_______________________________________________________________________________
Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.
N/A
________________________________________________________________________________
Item 7.  Identification and  Classification of the Subsidiary Which Acquired the
         Security  Being  Reported on by the Parent  Holding  Company or Control
         Person.

N/A
________________________________________________________________________________
Item 8.  Identification  and  Classification  of Members of the Group.

N/A
________________________________________________________________________________
Item 9.  Notice of Dissolution of Group.

N/A
________________________________________________________________________________
Item 10.  Certifications.

          (a) Not applicable



CUSIP No.  73086A 10 1                13G                     Page 5 of 5 Pages
________________________________________________________________________________

          (b) Not applicable

          (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, other than activities solely in connection with a nomination under
ss.240.14a-11.


                                   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, 2012                            /s/    Amit Sela
                                                    ----------------
                                                           Amit Sela