SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): ~~June~~September 129, 2006

GLOBAL EPOINT, INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada	001-15775	33-0423037
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
(State or Other Jurisdiction ofIncorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

339 South Cheryl Lane,

City of Industry, California 91789

(Address of principal executive offices)

(909) 869-1688

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions.

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14d-2(b)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Item 38.01 ~~Notice~~Other ~~of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing~~Events

~~(c)~~ On ~~June~~September 129, 2006, weGlobal ePoint, Inc. (the “Company”) received aredemption ~~letter~~notices from certain holders of the ~~Nasdaq~~Company’s ~~Stock~~Series ~~Market~~C ~~stating~~and Series E preferred stock demanding that wethe ~~had~~Company ~~not~~repurchase ~~complied~~an ~~with~~aggregate ~~Marketplace~~of ~~Rule~~136,908 ~~4310(c)(17)~~shares of its Series C preferred stock, ~~which~~representing ~~requires~~27% ~~issuers~~of tothe ~~notify~~issued ~~the~~and ~~Nasdaq~~outstanding onSeries ~~the~~C ~~appropriate~~preferred ~~form~~stock, ~~fifteen~~and ~~days~~95,703 inshares ~~advance~~of its Series E preferred stock, representing 82% of ~~entering~~the ~~into~~issued aand ~~transaction~~outstanding ~~that~~Series ~~may~~E ~~result~~preferred instock. Subsequently, the ~~potential~~Company ~~issuance~~received redemption notices demanding that the Company repurchase an additional 68,454 shares of ~~common~~Series C preferred stock, orand ~~securities~~6,175 ~~convertible~~shares ~~into~~of ~~common~~Series E preferred stock. Currently, inthe anaggregate redemption amount ~~greater than~~under ~~10%~~the ofnotices ~~the~~received ~~issuer’s~~by ~~total~~the ~~shares~~Company ~~outstanding~~is ~~prior~~$5,668,914, plus toaccrued ~~such~~and ~~transaction~~unpaid dividends.

OnPursuant ~~May 19,~~to wethe ~~received initial~~ terms ~~for~~of athe ~~proposed financing~~Certificates ~~transaction~~of ~~that~~Designations ~~provided~~for ~~that~~the weSeries ~~would~~C, ~~issue~~D ~~securities~~and ~~convertible~~E ~~into~~preferred ~~shares~~stock, ofif the ~~our~~Company’s common stock inis ~~exchange~~not ~~for~~listed ~~approximately~~on ~~$8.1~~the ~~million.~~New ~~While~~York weStock ~~disclosed~~Exchange, ~~the~~American ~~initial~~Stock ~~terms~~Exchange, ofNasdaq ~~the~~National ~~transaction~~Market, toNasdaq Capital Market or the ~~Nasdaq~~OTC ~~verbally~~Bulletin ~~and~~Board infor ~~writing, we~~a ~~did~~period ~~not~~of ~~submit~~seven consecutive trading days, holders of the ~~form~~outstanding preferred ~~and~~shares ~~related~~may ~~transaction~~elect ~~documents~~that ~~required~~the byCompany ~~Marketplace~~repurchase ~~Rule~~their ~~4310(c)(17)~~preferred shares. WeEffective ~~executed~~upon ~~definitive~~the ~~agreements~~opening of the market on ~~May~~September 2319, 2006, ~~and~~the ~~closed~~Company’s securities were delisted from the ~~transaction~~Nasdaq onCapital ~~May 25~~Market. Since that time, ~~2006~~the Company’s common stock has been trading on the electronic Pink Sheets.

WeAs ~~responded~~of ~~promptly~~the todate of this report, there are outstanding 501,917 shares of Series C preferred stock, 5,500 shares of Series D preferred stock and 117,313 shares of Series E preferred stock. Under the ~~above-referenced~~applicable ~~letter~~provisions of the Certificates of Designations for the Series C, D and ~~provided~~E ~~all~~preferred ~~requested~~stock, ~~documents~~the redemption topayment amounts for the ~~Nasdaq~~Series ~~within~~C, ~~two~~D, ~~business~~and ~~days~~E preferred stock is $2.80 ~~Accordingly~~per share, we$50 ~~believe that~~per weshare ~~have~~and ~~taken~~$50 ~~all~~per ~~action~~share, ~~necessary~~respectively, toplus ~~resolve~~accrued but unpaid dividends. In the ~~matter~~event ~~described~~holders inof all of the ~~June 1~~Series C, ~~2006~~D ~~letter~~and ~~regarding~~E ~~Marketplace~~preferred ~~Rule~~stock ~~4310(c)(17)~~are entitled to have their preferred stock redeemed, the aggregate redemption amount would be $7,546,018, plus accrued but unpaid dividends.

~~This~~All ~~news~~required ~~release~~redemption ~~contains~~payments ~~forward-looking~~are ~~statements~~due within ~~the~~sixty ~~meaning~~(60) days of the ~~Private~~date ~~Securities~~the ~~Litigation~~Company ~~Reform~~receives ~~Act~~written ofnotice ~~1995.~~from ~~Such~~such ~~statements~~stockholder ~~are~~of ~~subject~~its toelection. ~~certain~~The ~~risks~~Certificate ~~and~~of ~~uncertainties,~~Designations and ~~actual~~other ~~circumstances,~~documents ~~events~~relating orto ~~results may~~the ~~differ~~Series ~~materially~~C, ~~from~~D, ~~those~~and E ~~projected~~transactions inwere ~~such~~filed ~~forward-looking~~as ~~statements.~~exhibits ~~The Company cautions readers not~~ to ~~place~~the ~~undue~~Company’s ~~reliance~~Current Reports on ~~any~~Forms ~~forward~~8-~~looking~~K ~~statements.~~filed ~~The~~on ~~Company~~June 7, ~~does~~2005, November 14, ~~not undertake~~2005, and ~~specifically~~May 25, ~~disclaims any obligation~~2006, ~~to update~~respectively. orAll ~~revise~~of ~~such~~these ~~statements~~documents toare ~~reflect~~available ~~new~~on ~~circumstances~~the orSecurities ~~unanticipated~~and Exchange ~~events~~Commission’s aswebsite ~~they~~at ~~occur~~www.sec.gov.

The Company is currently working to get its common stock listed on the OTC Bulletin Board and intends to pursue negotiations with the holders of its Series C, D and E preferred stock to resolve their redemption demands without the need for the Company to make the required redemption payment. There can be no assurance that the Company will be successful in resolving the redemption demands on terms satisfactory to the Company. There can also be no assurance that the Company will not receive additional redemption demands from other holders of its Series C, D, and E preferred stock.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

June 7, 2006				GLOBAL EPOINT, INC.
October 27, 2006				GLOBAL EPOINT, INC.
				/s/ John Pan
				/s/ Toresa Lou
				John Pan,
				Toresa Lou,
				Chief Financial Officer
				Chief Executive Officer

Filing Compare · GLOBAL EPOINT INC