FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SHEARING RALPH EDWARD 		2. Issuer Name and Ticker or Trading Symbol

STRATEGIC INTERNET INVESTMENTS INC [ SIII ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

P O BOX 11569 VANCOUVER CENTER, 650 WEST GEORGIA ST STE.650 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/31/2007
(Street)

VANCOUVER, A1 V6B 4N8
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Debenture   $0.05   12/31/2007     J     990000       12/31/2007   12/31/2007   Units - 1 Common Share and 1 Warrant   990000   $0.05   990000   I   CMB Investments Ltd.  
Convertible Debenture   $0.05   5/31/2008     J     558000       5/31/2008   5/31/2008   Units - 1 Common Share and 1 Warrant   558000   $0.05   558000   I   CMB Investments Ltd.  
Stock Options   $0.2083   5/31/2008     D        720000    9/5/2003   9/5/2008   Common Shares   720000   $0.2083   0   I   CMB Investments Ltd.  
Stock Options   $0.15   6/1/2008     A     1250000       6/1/2008   6/1/2013   Common Shares   1250000   $0.15   1250000   I   CMB Investments Ltd.  

Explanation of Responses:

Remarks:
6. The Expiration Date of the Convertible Debentures is not specified in the Convertible Loan Facility Agreement but is defined as the "Maturity Date" or the day upon which the Lender makes demand upon the Borrower for repayment of the Principal Sum or elects to convert the Principal Sum in to Units.

7. The Units consist of one Common Share without par value and one transferable Share Purchase Warrant.

11. On May 5,2006 SIII entered into a Loan Facility Agreement with CMB Investments Ltd., a company controlled by Ralph Edward Shearing, whereby SIII would, from time to time, borrow operating funds from CMB, with interest at a rate of 10% and repayable on demand. The Lender, CMB, has the right to convert all or part of the principal sum into units of SIII each unit consisting of one Common Share and one transferable Share Purchase Warrant exerciseable at the applicable conversion rate which is calculated at a discount to the average closing price of the shares for ten days preceding a loan advance. Accrued interest is not convertible. As at July 29, 2008 CMB had advanced a total of $77,400 which can be converted into 1,548,000 units at a conversion price of $0.05 per unit.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SHEARING RALPH EDWARD
P O BOX 11569 VANCOUVER CENTER
650 WEST GEORGIA ST STE.650
VANCOUVER, A1 V6B 4N8 		X X President & CEO

Signatures
RALPH EDWARD SHEARING 7/29/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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