Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Firestone David
2. Date of Event Requiring Statement (Month/Day/Year)
04/18/2008
3. Issuer Name and Ticker or Trading Symbol
Global Clean Energy Holdings, Inc. [GCEH]
(Last)
(First)
(Middle)
555 S. FLOWER ST., SUITE 4500
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LOS ANGELES, CA 90071
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 13,682,414
I
By Monarch Pointe Fund, Ltd. (1) (2)
Common Stock 14,192,675
I
By Mercator Momentum Fund III, L.P. (1) (3)
Common Stock 18,989,232
I
By Mercator Momentum Fund, L.P. (1) (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant to purchase Common Stock 09/08/2007 09/30/2013 Common Stock 13,516,777 $ 0.01 I By Mercator Momentun Fund, L.P. (1) (4)
Warrant to purchase Common Stock 10/18/2007 10/17/2017 Common Stock 5,122,100 $ 0.01 I By Mercator Momentum Fund, L.P. (1) (4)
Warrant to purchase Common Stock 09/08/2007 09/30/2013 Common Stock 9,360,701 $ 0.01 I By Mercator Momentum Fund III, L.P. (1) (3)
Warrant to purchase Common Stock 10/18/2007 10/17/2017 Common Stock 6,050,300 $ 0.01 I By Mercator Momentum Fund III, L.P. (1) (3)
Warrant to purchase Common Stock 09/08/2007 09/30/2013 Common Stock 4,575,495 $ 0.01 I By Monarch Pointe Fund, Ltd. (1) (2)
Warrant to purchase Common Stock 10/18/2007 10/17/2017 Common Stock 5,827,600 $ 0.01 I By Monarch Pointe Fund, Ltd. (1) (2)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Firestone David
555 S. FLOWER ST., SUITE 4500
LOS ANGELES, CA 90071
    X    

Signatures

/s/ David Firestone 04/28/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reporting Person is the managing member of M.A.G. Capital, LLC, a California limited liability company ("MAG"). MAG is the general partner of each of Mercator Momentum Fund, L.P., a California limited partnership ("MMF"), and Mercator Momentum Fund III, L.P., a California limited partnership ("MMFIII"). MAG controls the investments of Monarch Pointe Fund, Ltd., a corporation organized under the laws of the British Virgin Islands ("MPF").
(2) These securities may be deemed to be beneficially owned indirectly by Reporting Person by reason of the direct ownership of such securities by MPF.
(3) These securities may be deemed to be beneficially owned indirectly by Reporting Person by reason of the direct ownership of such securities by MMFIII.
(4) There securities may be deemed to be beneficially owned indirectly by Reporting Person by reason of the direct ownership of such securities by MMF.

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