MEDICALCV INC (Form: SC 13G, Received: 03/02/2009 16:42:14)

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G

(Rule 13d-102)

Information Statement Pursuant to Rules 13d-1 and 13d-2 Under the Securities Exchange Act of 1934

MedicalCV, Inc.

(Name of Issuer)

Common Stock, par value $ .01 per share
(Title of Class of Securities)

584639405
(CUSIP Number)

February 27, 2009
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ ] Rule 13d-1(b)
[ X ] 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 disclosures provided in a prior cover page.

The information required on 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).

                               CUSIP No. 584639405

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

     Potomac Capital Management LLC
     13-3984298

 2.  Check the Appropriate Box if a Member of a Group (See Instructions)
     (a)  [   ]
     (b)  [   ]

 3.  SEC Use Only

 4.  Citizenship or Place of Organization
     New York

Number of          5.   Sole Voting Power
Shares                  0
Beneficially
Owned by           6.   Shared Voting Power
Each                    0
Reporting
Person With        7.   Sole Dispositive Power
                        0

                   8.   Shared Dispositive Power
                        0

 9.  Aggregate Amount Beneficially Owned by Each Reporting Person The
     Reporting Persons own an aggregate of 0 shares

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions) [   ]

11.  Percent of Class Represented by Amount in Row (9)
     0%(1)

12.  Type of Reporting Person (See Instructions)
     HC; OO (Limited Liability Company)

------------------------
(1) Based on 9,987,724 shares of the issuer's common stock outstanding as of
    March 14, 2008

                               CUSIP No. 584639405

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

        Potomac Capital Management Inc.
        13-3984786

 2.     Check the Appropriate Box if a Member of a Group (See Instructions)
        (a)  [   ]
        (b)  [   ]

 3.     SEC Use Only

 4.     Citizenship or Place of Organization
        New York

Number of         5.   Sole Voting Power
Shares                 0
Beneficially
Owned by          6.   Shared Voting Power
Each                   0
Reporting
Person With       7.   Sole Dispositive Power
                       0

                  8.   Shared Dispositive Power
                       0

9.     Aggregate Amount Beneficially Owned by Each Reporting Person The
       Reporting Persons own an aggregate of 0 shares

10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares
       (See Instructions) [ ]

11.    Percent of Class Represented by Amount in Row (9)
       0%(2)

12.    Type of Reporting Person (See Instructions)
       HC; CO

-----------------------
(2) Based on 9,987,724 shares of the issuer's common stock outstanding as of
    March 14, 2008

                               CUSIP No. 584639405

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

     Paul J. Solit

 2.  Check the Appropriate Box if a Member of a Group (See Instructions)
     (a)  [   ]
     (b)  [   ]

 3.  SEC Use Only

 4.  Citizenship or Place of Organization

Number of         5. Sole Voting Power
Shares               0
Beneficially
Owned by          6. Shared Voting Power
Each                 0
Reporting
Person With       7. Sole Dispositive Power


                  8. Shared Dispositive Power
                     0

 9.  Aggregate Amount Beneficially Owned by Each Reporting Person The
     Reporting Persons own an aggregate of 0 shares

10.  Check if the Aggregate Amount in Row (9) Excludes Certain Shares
     (See Instructions) [ ]

11.  Percent of Class Represented by Amount in Row (9)
     0%(3)

12.  Type of Reporting Person (See Instructions)
     IN; HC

------------------------
(3) Based on 9,987,724 shares of the issuer's Common Stock outstanding as of
    March 14, 2008

Item 1.
(a) Name of Issuer MedicalCV, Inc.

(b) Address of Issuer's Principal Executive Offices 9725 South Robert Trail Inver Grove Heights, Minnesota 55077

Item 2.
(a) Name of Person Filing

(i) Potomac Capital Management LLC;
(ii) Potomac Capital Management Inc.; and
(iii) Paul J. Solit

(b) Address of Principal Business Office or, if none, Residence
(i), (ii), and (iii) 825 Third Avenue, 33rd Floor New York, New York 10022

(d) Title of Class of Securities Common Stock, par value $.01 per share

(e) CUSIP Number 584639405

Item 3. Not Applicable

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Potomac Capital Management LLC

(a) Amount beneficially owned:
0
(b) Percent of class:
0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 0
(iv) Shared power to dispose or to direct the disposition of 0

Potomac Capital Management Inc.

Paul J. Solit

(a) Amount beneficially owned:
0
(b) Percent of class:
0
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0
(ii) Shared power to vote or to direct the vote 0
(iii) Sole power to dispose or to direct the disposition of 0
(iv) Shared power to dispose or to direct the disposition of 0

Item 5. Ownership of Five Percent or Less of a Class
If this Statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ x ]

Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or Control Person
See Exhibit A attached hereto.

Item 8. Identification and Classification of Members of the Group
Not Applicable.

Item 9. Notice of Dissolution of Group
Not Applicable.

Item 10. Certification

By signing below I certify that, to the best of my 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.

Signature

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

Dated this 27th day of February, 2009

POTOMAC CAPITAL MANAGEMENT LLC

By:   /s/ Paul J. Solit
      -------------------------------
      Paul J. Solit, Managing Member

POTOMAC CAPITAL MANAGEMENT INC.

By:   /s/ Paul J. Solit
      -------------------------------
      Paul J. Solit, President

PAUL J. SOLIT

By:   /s/ Paul J. Solit
      -------------------------------
      Paul J. Solit

EXHIBIT INDEX

The following exhibits are filed with this report on Schedule 13G:

Exhibit A     Identification of entities which acquired the shares which are
              the subject of this report on Schedule 13G.

Exhibit B     Joint Filing Agreement dated February 27 2009 among Potomac
              Capital Management LLC, Potomac Capital Management, Inc. and
              Paul J. Solit

Exhibit A

Identification of entities which acquired the shares which are the subject of this report on Schedule 13G.

(1) Potomac Capital Partners LP, a private investment partnership formed under the laws of State of Delaware. Potomac Capital Management LLC is the General Partner of Potomac Capital Partners LP. Mr. Paul J. Solit is the Managing Member of Potomac Capital Management LLC.

(2) Potomac Capital International Ltd., an international business company formed under the laws of the British Virgin Islands. Potomac Capital Management Inc. is the Investment Manager of Potomac Capital International Ltd. Paul J. Solit is the President and sole owner of Potomac Capital Management Inc., and a Director of Potomac Capital International Ltd.

(3) Pleiades Investment Partners-R, LP, a private investment partnership formed under the laws of the State of Delaware. Potomac Capital Management Inc. is the Investment Manager of a managed account of Pleiades Investment Partners-R, LP. Paul J. Solit is the President and sole owner of Potomac Capital Management Inc.

Exhibit B

JOINT FILING AGREEMENT

This Agreement is filed as an exhibit to Schedule 13G being filed by Potomac Capital Management LLC, Potomac Capital Management Inc., and Paul J. Solit in compliance with Rule 13d-1(k) of the Securities and Exchange Commission, which requires an agreement in writing indicating that the Schedule 13G to which this Agreement is attached is filed on behalf of the below-named entities, that they are each responsible for the timely filing of the Schedule 13G and any amendments thereto and for the completeness and accuracy of the information concerning such persons contained therein.

Dated: February 27, 2009

POTOMAC CAPITAL MANAGEMENT LLC

By:   /s/ Paul J. Solit
      -------------------------------
      Paul J. Solit, Managing Member

POTOMAC CAPITAL MANAGEMENT INC.

By:   /s/ Paul J. Solit
      -------------------------------
      Paul J. Solit, President

PAUL J. SOLIT

By:   /s/ Paul J. Solit
      -------------------------------
      Paul J. Solit