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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

ADA-ES INCORPORATED
------------------------------------------------
(Name of Issuer)

COMMON STOCK
------------------------------------------------
(Title of Class of Securities)

005208103
------------------------------------------------
(CUSIP Number)

DECEMBER 31, 2008

------------------------------------------------
(Date of Event Which Requires Filing of this Statement)

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

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


The information required in 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).

Persons who respond to the collection of information
contained in this form are not required to respond
unless the form displays a currently valid OMB
control number.



--------------------
Cusip No. 005208103
--------------------

1. Names of Reporting Persons.

   Dynamis Advisors, LLC

   IRS Identification Nos. of above persons (entities
   only).

   54-1852654

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

 (a)[ ]
 (b)[X] Joint filing pursuant to Rule 13d-1(k)(1)

3. SEC Use Only.


4. Citizenship or Place of Organization.

   Virginia Limited Liability Company

Number of Shares Beneficially Owned by Each Reporting
 Person with:

5. Sole Voting Power.

   370,951

6. Shared Voting Power.

   375,801

7. Sole Dispositive Power.

   371,751

8. Shared Dispositive Power.

   376,601

9. Aggregate Amount Beneficially Owned by Each Reporting Person.

   376,601

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

    N/A

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

    5.6%

12. Type of Reporting Person (See Instructions).

    IA



--------------------
Cusip No. 005208103
--------------------

1. Names of Reporting Persons.

   Investment Management of Virginia, LLC

   IRS Identification Nos. of above persons
   (entities only).

   54-1994290

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

 (a)[ ]
 (b)[X] Joint filing pursuant to Rule 13d-1(k)(1)

3. SEC Use Only.


4. Citizenship or Place of Organization.

   Virginia Limited Liability Company

Number of Shares Beneficially Owned by Each Reporting
 Person with:

5. Sole Voting Power.

   370,951

6. Shared Voting Power.

   375,801

7. Sole Dispositive Power.

   371,751

8. Shared Dispositive Power.

   376,601

9. Aggregate Amount Beneficially Owned by Each Reporting Person.

   376,601

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

    N/A

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

    5.6%

12. Type of Reporting Person (See Instructions).

    IA




--------------------
Cusip No. 005208103
--------------------

1. Names of Reporting Persons.

   Alexander H. Bocock

   IRS Identification Nos. of above persons
  (entities only).

   N/A

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

  (a)[ ]
  (b)[X] Joint filing pursuant to Rule 13d-1(k)(1)

3. SEC Use Only.


4. Citizenship or Place of Organization.

   U.S.A.

Number of Shares Beneficially Owned by Each Reporting Person with:

5. Sole Voting Power.

   4,850

6. Shared Voting Power.

   375,801

7. Sole Dispositive Power.

   4,850

8. Shared Dispositive Power.

   376,601

9. Aggregate Amount Beneficially Owned by Each Reporting Person.

   376,601

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

    N/A

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

    5.6%

12. Type of Reporting Person (See Instructions).

    IN




--------------------
CUSIP No. 005208103
--------------------

Item 1.

  (a) Name of Issuer.

      ADA-ES Incorporated

  (b) Address of Issuer's Principal Executive Offices.

      8100 South Park Way B
      Littleton, Colorado 80120

Item 2.

  (a) Names of Persons Filing.

   (1) Dynamis Advisors, LLC
   (2) Investment Management of Virginia, LLC
   (3) Alexander H. Bocock


   Attached as Exhibit A is a copy of an agreement
   between the persons filing (as specified above)
   that this Schedule 13G is being filed on behalf
   of each of them.

 (b) Address of Principal Business Office of each of
     the persons specified in 2(a) above:

     (1)(3)    310 Fourth Street NE, Suite 101
               Charlottesville, Virginia 22902

     (2)       919 East Main Street, 16th Floor
               Richmond, Virginia 23219

 (c) Citizenship:

    (1) Dynamis Advisors, LLC - Virginia Limited
        Liability Company
    (2) Investment Management of Virginia, LLC -
        Virginia Limited Liability Company
    (3) Alexander H. Bocock - U.S.A.


 (d) Title of Class of Securities

     common stock

 (e) CUSIP Number

     005208103

Item 3. If this statement is filed pursuant to
        Section 240.13d-1(b) or 240.13d-2(b) or (c), check
        whether the person filing is a:

  (a)  [ ] Broker or dealer registered under section 15
           of the Act (15  U.S.C. 78o);
  (b)  [ ] Bank as defined in section 3(a)(6) of the Act
          (15  U.S.C.78c);
  (c)  [ ] Insurance company as defined in section
           3(a)(19)of the Act (15 U.S.C. 78c);
  (d)  [ ] Investment company registered under section
           8 of the Investment Company Act of 1940
          (15 U.S.C. 80a-8);
  (e)  [X]*An investment adviser in accordance with
           Section 240.13d-1(b)(1)(ii)(E);
  (f)  [ ] An employee benefit plan or endowment fund
           in accordance with Section 240.13d-1(b)(1)(ii)(F);
  (g)  [X]*A parent holding company or control person
           in accordance with Section 240.13d-1(b)(1)(ii)(G);
  (h)  [ ] A savings association as defined in Section
           3(b) of the Federal Deposit Insurance Act
          (12 U.S.C. 1813);
  (i)  [ ] A church plan that is excluded from the
           definition of an investment company under
           section 3(c)(14) of the Investment
           Company Act  of 1940 (15 U.S.C. 80a-3);
  (j)  [X]*Group, in accordance with
           Section 240.13d-1(b)(1)(ii)(J).

*Dynamis Advisors, LLC is an investment adviser registered
under Section 203 of the Investment Advisers Act of 1940.
Investment Management of Virginia, LLC is an investment
adviser registered under Section 203 of the Investment
Advisers Act of 1940. Alexander H. Bocock is a Member/General
Partner and control person of Dynamis Advisors, LLC and
a Director and control person of Investment Management of
Virginia, LLC. Investment Management of Virginia,
LLC, and Alexander H. Bocock are joining in this
filing on Schedule 13G.

Item 4. Ownership.

   Reference is made to Items 5-11 on the cover sheets
   of this Schedule 13G.

   Dynamis Advisors, LLC and Investment Management of
   Virginia, LLC have been granted discretionary
   dispositive power over their respective clients'
   securities and in some instances have voting power
   over such securities.  Any and all discretionary
   authority which has been delegated to Dynamis
   Advisors, LLC and Investment Management of
   Virginia, LLC may be revoked in whole or in
   part at any time.  Investment Management of
   Virginia, LLC and Alexander H. Bocock  are joining
   this Schedule 13G and reporting beneficial ownership
   of the same securities beneficially owned by
   Dynamis Advisors,LLC as a result of his position
   with Dynamis Advisors, LLC. See Item 8.

Item 5. Ownership of Five Percent or Less of a Class.

   N/A

Item 6. Ownership of More than Five Percent on Behalf
        of Another Person.

  Dynamis Advisors, LLC and Investment Management of
  Virginia, LLC have discretionary authority over the
  assets of Dynamis Advisors's and Investment
  Management of Virginia's clients respectively;
  accordingly, in each instance, only the client
  or the client's custodian or trustee bank has
  the right to receive dividends paid with respect
  to, and proceeds from the sale of, such securities.

  The ultimate power to direct the receipt of dividends
  paid with respect to, and the proceeds from the sale
  of, such securities is vested in the clients for which
  Dynamis Advisors, LLC and Investment Management of
  Virginia, LLC serves as investment advisor.
  Any and all discretionary authority which has been
  delegated to Dynamis Advisors, LLC and Investment
  Management of Virginia, LLC may be revoked in
  whole or in part at any time.

  Not more than 5% of the class of such securities is
  owned by any one of such clients of Dynamis
  Advisors, LLC, Investment Management of Virginia,
  LLC, or Alexander H. Bocock.

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

   N/A

Item 8. Identification and Classification of Members
        of the Group.

   Dynamis Advisors, LLC, a Virginia limited liability
   company, is an investment adviser registered under
   Section 203 of the Investment Advisers Act of 1940.
   Investment Management of Virginia, LLC, a Virginia
   limited liability company, is an investment adviser
   registered under Section 203 of the Investment
   Advisers Act of 1940. Dynamis Advisors, LLC and
   Investment Management of Virginia, LLC are under
   common ownership. Alexander H. Bocock is
   Member/General Partner of Dynamis Advisors, LLC.
   Investment Management of Virginia, LLC, and
   Alexander H. Bocock are joining in this Schedule
   13G because, as a result of their position with
   and ownership of securities of Dynamis Advisors, LLC
   could be deemed to have voting and/or investment
   power with respect to the shares beneficially owned
   by Dynamis Advisors, LLC.
   Neither the filing of this joint Schedule 13G nor
   any information contained herein shall be construed
   as an admission by any party of his control or power
   to influence the control of Dynamis Advisors, LLC.

Item 9. Notice of Dissolution of Group.

   N/A

Item 10. Certification.

    By signing below each of the undersigned
   (i) certify that, to the best of their knowledge
    and belief, the securities referred to above
    were acquired and held in the ordinary course
    of business and were not acquired and are not
    held for the purpose of or with the effect and
    do not have any effect of changing or influencing
    the control of the issuer of the securities and
    were not acquired in connection with or as a
    participant in any transaction having such
    purposes or effect; and(ii) hereby declare and
    affirm that the filing of this Schedule 13G
    shall not be construed as an admission that
    any of the reporting persons is the beneficial
    owner of the securities reported herein, which
    beneficial ownership is hereby expressly denied
    (except for such shares, if any, reported herein
    as beneficially owned by Dynamis Advisors, LLC
    for its own account or by Investment Management
    of Virginia, LLC for its own account or by
    Alexander H. Bocock for his individual account
    and not as a result of his individual
    position with and ownership of securities of
    Dynamis Advisors, LLC.



				SIGNATURE


After reasonable inquiry and to the best of each
person's knowledge and belief, the undersigned
certify that the information set forth in this
statement is true, complete and correct.

Date: February 9, 2009
                        DYNAMIS ADVISORS, LLC
                        By: /s/ John H. Bocock
                        Signature


                        John H. Bocock, Member/GP/CCO
                        Name/Title

                        INVESTMENT MANAGEMENT OF
                          VIRGINIA, LLC
                        By: /s/ John H. Bocock
                        Signature


                        John H. Bocock, Director/CCO
                        Name/Title













                        INDIVIDUALS:

                        Alexander H. Bocock
                        By: /s/ Alexander H. Bocock
                        Signature


                        Alexander H. Bocock
                        Name/Title





EXHIBIT A
JOINT FILING AGREEMENT

   In accordance with Rule 13d-1(k) under the Securities
   Exchange Act of 1934, as amended, each of the
   undersigned hereby agrees to the joint filing with the
   other reporting persons of a statement on Schedule 13G
   (including amendments thereto) with respect to the
   Common Stock of ADA-ES Incorporated and that this
   Agreement be included as an Exhibit to such
   joint filing.

   This agreement may be executed in any number of
   counterparts all of which taken together shall
   constitute one and the same instrument.

   IN WITNESS WHEREOF, the undersigned hereby execute
   this Agreement this 9th day of February, 2009.


                        DYNAMIS ADVISORS, LLC
                        By: /s/ John H. Bocock
                        Signature


                        John H. Bocock, Member/GP/CCO
                        Name/Title

                        INVESTMENT MANAGEMENT OF
                          VIRGINIA, LLC
                        By: /s/ John H. Bocock
                        Signature


                        John H. Bocock, Director/CCO
                        Name/Title


                        INDIVIDUALS:

                        Alexander H. Bocock
                        By: /s/ Alexander H. Bocock
                        Signature


                        Alexander H. Bocock
                        Name/Title


































Gary T. Clark, a portfolio manager and employee of
Dynamis Advisors, LLC has a private investment in
the issue referenced in this filing.  All persons
on whose behalf this filing is being submitted
disclaim beneficial ownership and voting power
over such securities.