Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
IQSTEL, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
74624W209
(CUSIP Number)
Yohan Naraine
7050 Aloma Ave
Winter park, FL 32792
(305)-439-9942
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 27th, 2019
(Date of Event Which Requires Filing of the Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule l3d-l(b) |
| ☒ | Rule 13d 1(c) |
| ☐ | Rule l3d l(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. 74624W209 | 13G | Page 2 of 5 Pages |
| 1. | NAMES OF REPORTING PERSONS | ||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | |||
| APOLLO MANAGEMENT GROUP, INC | |||
| 37-1793201 | |||
| 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 | ||
| Florida | |||
NUMBER
OF
|
5. | SOLE VOTING POWER | |
| 0 | |||
| 6. | SHARED VOTING POWER | ||
| 0 | |||
| 7. | SOLE DISPOSITIVE POWER | ||
| 0 | |||
| 8. | SHARED DISPOSITIVE POWER | ||
| 0 | |||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON | ||
| The reporting person has rights under a series of convertible notes to own an aggregate number of shares of the issuer’s common stock in an amount not to exceed 9.9% of the shares then outstanding. | |||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (see instructions) ☐ | ||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||
| 9.9%* | |||
| 12. | TYPE
OF REPORTING PERSON (see instructions) | ||
| OO | |||
| * | On the day of the filing of this Schedule, the reporting persons have rights under a series of convertible notes to own an aggregate number of shares of the issuer’s common stock in an amount not to exceed 9.9% of shares then outstanding. |
| CUSIP No. 74624W209 | 13G | Page 3 of 5 Pages |
Item 1.
| (a) | Name of Issuer |
IQSTEL, INC.
| (b) | Address of Issuer’s Principal Executive Offices 300 Aragon Avenue, Suite 375 |
Coral Glabes, FL 33134
Item 2.
| (a) | Name of Person Filing |
Apollo Management Group, Inc
| (b) | Address
of the Principal Office or, if none, residence 7050 Aloma Ave Winter Park, FL 32792 |
| (c) | Citizenship
Florida Corporation |
| (d) | Title
of Class of Securities Common Stock |
| (e) | CUSIP
Number 74624W209 |
Item 3. If this statement is filed pursuant to §§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) | ☐ | An investment adviser in accordance with §240.13d-l(b)(l)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1 (b)(1)(ii)(F); | |
| (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1 (b)(l)(ii)(G); | |
| (h) | ☐ | A savings associations 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) | ☐ | Group, in accordance with §240.13d-1 (b)(l)(ii)(J). |
| CUSIP No. 74624W209 | 13G | Page 4 of 5 Pages |
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.
| (a) | Amount beneficially owned: 0 |
| (b) | Percent of class: 9.9%* |
| (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 None. |
| (iii) | Sole power to dispose or to direct the disposition of 0 |
| (iv) | Shared power to dispose or to direct the disposition of None. |
* On the day of the filing of this Schedule, the reporting person has rights under a series of convertible notes to own an aggregate number of shares of the issuer’s common stock in an amount not to exceed 9.9% of shares then outstanding.
Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
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 person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.
Instruction. Dissolution of a group requires a response to this item.
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.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Item 10. Certification.
| (b) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(c): |
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.
| CUSIP No. 74624W209 | 13G | Page 5 of 5 Pages |
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.
| January 8, 2020 | |
| Date | |
| APOLLO MANAGEMENT GROUP | |
| /s/ Yohan Naraine | |
| Signature | |
| Yohan Naraine / President | |
| Name/Title |