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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)*
Innovative Payment Solutions, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
45783M109
(CUSIP Number)
Anna Mosk
Strategic IR, Inc.
109 East 17th Street, Suite 25
Cheyenne, Wyoming 82001
(307) 222-6325
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 19, 2019
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject
of this Schedule 13D, and is filing this schedule because
of ??240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all
exhibits. See ?240.13d-7 for other parties to whom copies are
to be sent. * 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. 45783M109
13D
Page 2 of 5 Pages
1.
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Strategic IR, Inc.
IRS Identification No. of Above Persons (Entities Only): 32-0308778
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ?
(b) ?
3.
SEC USE ONLY
4.
SOURCE OF FUNDS (see instructions)
WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) ?
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Wyoming
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
31,976,073
8.
SHARED VOTING POWER
0
9.
SOLE DISPOSITIVE POWER
31,976,073
10.
SHARED DISPOSITIVE POWER
0
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,976,073
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ?
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.3%
14.
TYPE OF REPORTING PERSON (see instructions)
CO
CUSIP No. 45783M109
13D
Page 3 of 5 Pages
Item 1. Security and Issuer.
This Schedule 13D relates to the common stock (the ?Common Stock?)
of Innovative Payment Solutions, Inc., a Nevada corporation (?Innovative?).
The address of the principal executive office of Innovative is
4768 Park Granada, Suite 200, Calabasas, California 91302.
Item 2. Identity and Background.
This Schedule 13D is filed by Strategic IR, Inc., a Wyoming corporation
(?Strategic?). Strategic is in the business of owning and managing
private investments. Strategic?s principal business and principal office
address is 109 East 17th Street, Suite 25, Cheyenne, Wyoming 82001.
Strategic is controlled by Anna Mosk (?Mosk?), who is the
President of Strategic. The business address of Mosk is the same as
Strategic?s principal office. Mosk?s principal occupation is operations
consultant. Mosk is a citizen of the United States of America.
During the last five years, neither Strategic nor Mosk has been
(i) convicted in a criminal proceeding, or (ii) a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
Item 3. Source or Amount of Funds or Other Consideration.
The amount of funds or other consideration used by Strategic
in making the purchases of the shares of Common Stock that are the
subject of this Schedule 13D totaled approximately $1,934,000. The
source of funds used for such purchases by Strategic was the working
capital of Strategic.
Item 4. Purpose of Transaction.
Strategic is and will be holding all of its shares of Common
Stock solely for investment purposes. Strategic may from time
to time acquire (on the open market or directly from Innovative)
additional shares of Common Stock. Strategic may also sell shares of
Common Stock from time to time.
Item 5. Interest in Securities of the Issuer.
(a) Strategic beneficially owns 31,976,073 shares of Common Stock,
including the right to purchase 99,720 shares of Common Stock upon the
exercise of warrants exercisable within 60 days. In determining the
percentage ownership of the outstanding shares of Common Stock, Strategic
(i) is relying on the most recently available information received directly
from Innovative which indicates 131,406,234 shares of Common Stock
outstanding as of January 15, 2020, and (ii) is assuming that all shares of
Common Stock subject to the warrants described above are outstanding.
Based on the foregoing, Strategic?s ownership represents approximately
24.3% of the outstanding shares of Common Stock.
(b) Subject to the above discussion, Strategic has sole
power to vote and dispose of 31,976,073 shares of Common Stock; and Mosk
has shared power to vote and dispose of the 31,976,073 shares of
Common Stock held by Strategic.
(c) During the past 60 days, Strategic acquired a total
of 15,561,718 shares of Common Stock, directly from Innovative,
in the following arms?-length negotiated transactions that were
effected remotely via the exchange of documents and signatures:
number of shares acquired price per share date of transaction
1. 2,386,181 $0.0156 November 19, 2019
2. 10,007,882 $0.0159 November 19, 2019
3. 935,887 $0.0159 November 19, 2019
4. 2,231,768 $0.029 December 17, 2019
Each of transactions 1, 2 and 3 above was effected
through a conversion of a convertible promissory note held
by Strategic. Transaction 4 above was effected in full settlement
of a promissory note evidencing a loan from Strategic to Innovative.
(d) No person other than Strategic and Mosk has
the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the 31,976,073 shares of
Common Stock beneficially held by Strategic.
(e) N/A.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
N/A
Item 7. Material to Be Filed as Exhibits.
N/A
CUSIP No. 45783M109
13D
Page 5 of 5 Pages
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.
Date: January 21, 2020 STRATEGIC IR, INC.
By: /s/ Anna Mosk
Anna Mosk, President