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 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 * ABDUL LADHA   2. Issuer Name and Ticker or Trading Symbol ABLEAUCTIONS COM INC [AAC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO & CFO (Last) (First) (Middle) SUITE 200, 1963 LOUGHEED PARKWAY, COQUITHAM 3. Date of Earliest Transaction (Month/Day/Year) 07/27/2009 (Street) CANADA, A1 V3K 3T 4. If Amendment, Date Original Filed(Month/Day/Year) 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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 Common Stock 07/27/2009   J(1)   1,204,021 A $ 0.432 2,526,889 D   Common Stock (2) 07/27/2009   J   1,204,021 A $ 0.432 2,526,889 I Ownership by Spouse (2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction 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 (Month/Day/Year)

7. Title and Amount of Underlying Securities (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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ABDUL LADHA SUITE 200, 1963 LOUGHEED PARKWAY COQUITHAM CANADA, A1 V3K 3T	X	X	CEO & CFO

Signatures

/s/ Abdul Ladha		07/29/2009
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	On July 27, 2009 Abdul Ladha, our Chief Executive Officer and a director, converted $500,000 in principal amount and $20,136.99 in interest into 1,204,021 shares of the Company's common stock at a price of $0.432 per share. The loan was made to the Company on October 6, 2008 by Bullion Reef Holdings Ltd., a corporation owned by the Ladha Family Trust. The loan was made in conjunction with a Development Agreement, also dated October 6, 2008, among the Company, Mr. Ladha, Overture Development Corporation, Surrey Central City Holdings Ltd. and Bullion Reef Holdings Ltd. On April 30, 2009, Bullion Reef Holdings Ltd. assigned one half of the promissory note to Mr. Ladha and one half of the promissory note to his spouse, Hanifa Ladha.
(2)	These shares are issued in the name of Hanifa Ladha, Mr. Ladha's spouse. Mr. Ladha disclaims beneficial ownership interest in these shares.

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