UNITED STATES
                         SECURITIES EXCHANGE COMMISSION
                             Washington, D.C. 20549

-------------------------------------------------------------------------------


                                  SCHEDULE 13G

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

                         GLOBAL MED TECHNOLOGIES, INC.
                         -----------------------------
                                (Name of Issuer)


                     Common Stock, par value $0.01 per share
                ------------------------------------------------
                         (Title of Class of Securities)


                                   37935E101
                              --------------------
                                 (CUSIP Number)


                               December 31, 2005
                            -----------------------
             (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)

                             [ ]  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).


                          Continued on following pages
                              Page 1 of 11 Pages
                            Exhibit Index: Page 10




                                 SCHEDULE 13G


CUSIP No.: 37935E101                                          Page 2 of 11 Pages

.................................................................................
1.    Names of Reporting Persons.
      I.R.S. Identification Nos. of above persons (entities only).


      MAGNETAR FINANCIAL LLC
.................................................................................
2.    Check the Appropriate Box if a Member of a Group

      (a) [ ]

      (b) [ ]
.................................................................................
3.    SEC Use Only
.................................................................................
4.    Citizenship or Place of Organization

      Delaware
.................................................................................
Number of Shares      5.       Sole Voting Power                  2,263,900
Beneficially Owned    ..........................................................
by Each Reporting     6.       Shared Voting Power                0
Person With           ..........................................................
                      7.       Sole Dispositive Power             2,263,900
                      ..........................................................
                      8.       Shared Dispositive Power           0
.................................................................................
9.        Aggregate Amount Beneficially Owned by Each Reporting Person

          2,263,900
.................................................................................
10.       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)

          [ ]
.................................................................................
11.       Percent of Class Represented by Amount in Row (9)

          9.8% based on 22,989,471 shares outstanding as of January 17, 2006.
.................................................................................
12.       Type of Reporting Person:

          IA; OO





                                 SCHEDULE 13G

CUSIP No.: 37935E101                                          Page 3 of 11 Pages

.................................................................................
1.        Names of Reporting Persons.
          I.R.S. Identification Nos. of above persons (entities only).


          MAGNETAR CAPITAL PARTNERS LLC
.................................................................................
2.        Check the Appropriate Box if a Member of a Group

          (a) [ ]

          (b) [ ]
.................................................................................
3.        SEC Use Only
.................................................................................
4.        Citizenship or Place of Organization

          Delaware
.................................................................................
Number of Shares      5.        Sole Voting Power                  0
Beneficially Owned    ..........................................................
by Each Reporting     6.        Shared Voting Power                2,263,900
Person With           ..........................................................
                      7.        Sole Dispositive Power             0
                      ..........................................................
                      8.        Shared Dispositive Power           2,263,900
.................................................................................
9.        Aggregate Amount Beneficially Owned by Each Reporting Person

          2,263,900
.................................................................................
10.       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)

          [  ]
.................................................................................
11.       Percent of Class Represented by Amount in Row (9)

          9.8% based on 22,989,471 shares outstanding as of January 17, 2006.
.................................................................................
12.       Type of Reporting Person:

          HC; OO






                                 SCHEDULE 13G

CUSIP No.: 37935E101                                          Page 4 of 11 Pages

.................................................................................
1.        Names of Reporting Persons.
          I.R.S. Identification Nos. of above persons (entities only).


          SUPERNOVA MANAGEMENT LLC
.................................................................................
2.        Check the Appropriate Box if a Member of a Group

          (a) [ ]

          (b) [ ]
.................................................................................
3.        SEC Use Only
.................................................................................
4.        Citizenship or Place of Organization

          Delaware
.................................................................................
Number of Shares      5.       Sole Voting Power                  0
Beneficially Owned    ..........................................................
by Each Reporting     6.       Shared Voting Power                2,263,900
Person With           ..........................................................
                      7.       Sole Dispositive Power             0
                      ..........................................................
                      8.       Shared Dispositive Power           2,263,900
.................................................................................
9.        Aggregate Amount Beneficially Owned by Each Reporting Person

          2,263,900
.................................................................................
10.       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)

          [ ]
.................................................................................
11.       Percent of Class Represented by Amount in Row (9)

          9.8% based on 22,989,471 shares outstanding as of January 17, 2006.
.................................................................................
12.       Type of Reporting Person:

          HC; OO






                                 SCHEDULE 13G

CUSIP No.: 37935E101                                          Page 5 of 11 Pages

.................................................................................
1.        Names of Reporting Persons.
          I.R.S. Identification Nos. of above persons (entities only).


          ALEC N. LITOWITZ
.................................................................................
2.        Check the Appropriate Box if a Member of a Group

          (a) [ ]

          (b) [ ]
.................................................................................
3.        SEC Use Only
.................................................................................
4.        Citizenship or Place of Organization

          United States of America
.................................................................................
Number of Shares      5.       Sole Voting Power                  0
Beneficially Owned    ..........................................................
by Each Reporting     6.       Shared Voting Power                2,263,900
Person With           ..........................................................
                      7.       Sole Dispositive Power             0
                      ..........................................................
                      8.       Shared Dispositive Power           2,263,900
.................................................................................
9.        Aggregate Amount Beneficially Owned by Each Reporting Person

          2,263,900
.................................................................................
10.       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
          (See Instructions)

          [ ]
.................................................................................
11.       Percent of Class Represented by Amount in Row (9)

          9.8% based on 22,989,471 shares outstanding as of January 17, 2006.
.................................................................................
12.       Type of Reporting Person:

          HC



                                                              Page 6 of 11 Pages

Item 1(a).        Name of Issuer:

                  Global Med Technologies, Inc. (the "Issuer")

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

                  12600 West Colfax, Suite C-420, Lakewood, Colorado 80215.

Item 2(a).        Name of Person Filing

                  This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):

                  i)   Magnetar Financial LLC ("Magnetar Financial");

                  ii)  Magnetar Capital Partners LLC ("Magnetar Capital
                       Partners);

                  iii) Supernova Management LLC ("Supernova Management); and

                  iv)  Alec N. Litowitz ("Mr. Litowitz").

                  This Statement relates to Shares (as defined herein) held for
the account of Magnetar Capital Master Fund Ltd, a Cayman Islands exempted
company ("Magnetar Capital Master Fund").  Magnetar Financial is a registered
investment adviser under Section 203 of the Investment Advisers Act of 1940, as
amended, and serves as investment adviser to Magnetar Capital Master Fund.
In such capacity, Magnetar Financial exercises voting and investment power over
the Shares held for the account of Magnetar Capital Master Fund.  Magnetar
Capital Partners serves as the sole member and parent holding company
of Magnetar Financial. Supernova Management is the controlling member of
Magnetar Capital Partners. The manager of Supernova Management is Mr. Litowitz.

Item 2(b).        Address of Principal Business Office or, if 0, Residence

                  The address of the principal business office of each of
Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr.
Litowitz is 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60210.

Item 2(c).        Citizenship

                  i)   Magnetar Financial is a Delaware limited liability
company;

                  ii)  Magnetar Capital Partners is a Delaware limited liability
company;

                  iii) Supernova Management is a Delaware limited liability
company; and

                  iv)  Mr. Litowitz is a citizen of the United States of
America.

                                                              Page 7 of 11 Pages

Item 2(d).        Title of Class of Securities:

                  Common Stock, par value $0.01 per share (the "Shares").

Item 2(e).        CUSIP Number:

                  37935E101

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:

                  This Item 3 is not applicable.

Item 4.           Ownership:

Item 4(a).        Amount Beneficially Owned:

                  As of February 6, 2006, each of Magnetar Financial, Magnetar
Capital Partners, Supernova Management and Mr. Litowitz may be deemed to be the
beneficial owners of the 2,263,900 Shares held for the account of Magnetar
Capital Master Fund.

Item 4(b).         Percent of Class:

                  The number of Shares of which Magnetar Financial, Magnetar
Capital Partners, Supernova Management and Mr. Litowitz may be deemed to be the
beneficial owner constitutes approximately 9.8% of the total number of Shares
outstanding (based upon information provided by the Issuer in its registration
statement filed on Form SB-2/A filed on February 10, 2006, there were
approximately 22,989,471 Shares outstanding as of January 17, 2006).


Item 4(c).        Number of Shares of which such person has:

Magnetar Financial:
-------------------

(i) Sole power to vote or direct the vote:                          2,263,900

(ii) Shared power to vote or direct the vote:                               0

(iii) Sole power to dispose or direct the disposition of:           2,263,900

(iv) Shared power to dispose or direct the disposition of:                  0


                                                              Page 8 of 11 Pages

Magnetar Capital Partners, Supernova Management, and Mr. Litowitz:
------------------------------------------------------------------

(i) Sole power to vote or direct the vote:                                  0

(ii) Shared power to vote or direct the vote:                       2,263,900

(iii) Sole power to dispose or direct the disposition of:                   0

(iv) Shared power to dispose or direct the disposition of:          2,263,900


Item 5.     Ownership of Five Percent or Less of a Class:

            This Item 5 is not applicable.

Item 6.     Ownership of More than Five Percent on Behalf of Another Person:

            This Item 6 is not applicable.

Item 7.     Identification and Classification of the Subsidiary Which Acquired
            the Security Being Reported on By the Parent Holding Company:

            See disclosure in Item 2 hereof.

Item 8.     Identification and Classification of Members of the Group:

            This Item 8 is not applicable.

Item 9.     Notice of Dissolution of Group:

            This Item 9 is not applicable.

Item 10.    Certification:

            By signing below each of the Reporting Persons certifies that, to
the best of their 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.





                                                              Page 9 of 11 Pages



                                    SIGNATURE

         After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.

Date: February 14, 2006             MAGNETAR FINANCIAL LLC

                                    By: Magnetar Capital Partners LLC
                                        As Sole Member

                                    By: /s/ Alec N. Litowitz
                                       ------------------------------
                                    Name: Alec N. Litowitz
                                    Title: Manager

Date: February 14, 2006             MAGNETAR CAPITAL PARTNERS LLC


                                    By: /s/ Alec N. Litowitz
                                       ------------------------------
                                    Name: Alec N. Litowitz
                                    Title: Manager

Date: February 14, 2006             SUPERNOVA MANAGEMENT LLC


                                    By: /s/ Alec N. Litowitz
                                       ------------------------------
                                    Name: Alec N. Litowitz
                                    Title: Manager

Date: February 14, 2006             ALEC N. LITOWITZ

                                    /s/ Alec N. Litowitz
                                    ---------------------------------



                                                             Page 10 of 11 Pages



                                EXHIBIT INDEX

Ex.                                                                  Page No.
---                                                                  --------

A.      Joint Filing Agreement, dated February 14, 2006 by and
        among Magnetar Financial LLC, Magnetar Capital Partners
        LLC, Supernova Management LLC, and Alec N. Litowitz.....         11



                                                             Page 11 of 11 Pages

                                  EXHIBIT A

                            JOINT FILING AGREEMENT

        The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Global Med Technologies, Inc. dated as of
February 14, 2006 is, and any amendments thereto (including amendments on
Schedule 13D) signed by each of the undersigned shall be, filed on behalf of
each of us pursuant to and in accordance with the provisions of Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended.


Date: February 14, 2006             MAGNETAR FINANCIAL LLC

                                    By: Magnetar Capital Partners LLC
                                        As Sole Member

                                    By: /s/ Alec N. Litowitz
                                       ------------------------------
                                    Name: Alec N. Litowitz
                                    Title: Manager

Date: February 14, 2006             MAGNETAR CAPITAL PARTNERS LLC


                                    By: /s/ Alec N. Litowitz
                                       ------------------------------
                                    Name: Alec N. Litowitz
                                    Title: Manager

Date: February 14, 2006             SUPERNOVA MANAGEMENT LLC


                                    By: /s/ Alec N. Litowitz
                                       ------------------------------
                                    Name: Alec N. Litowitz
                                    Title: Manager

Date: February 14, 2006             ALEC N. LITOWITZ

                                    /s/ Alec N. Litowitz
                                    ---------------------------------