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 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
INNOVATIVE PAYMENT SOLUTIONS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
45783M109
(CUSIP Number)
March 2, 2021
(Date of Event which Requires Filing of this Statement)
*NOTE: filing be resubmitted due to original filing made
to incorrect CIK on March 9, 2021 under
Accession Number: 0001796993-21-000002
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
?
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).
SCHEDULE 13G
CUSIP No. 45783M109
1
Names of Reporting Persons
Bellridge Capital, LP
IRS Identification No. of Above Persons (Entities Only): 81-3006329
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
Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With:
5
Sole Voting Power
7,503,689
6
Shared Voting Power
0
7
Sole Dispositive Power
7,503,689
8
Shared Dispositive Power
0
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,503,689
10
Check box if the aggregate amount in row (9) excludes certain
shares (See Instructions)
[ ]
11
Percent of class represented by amount in row (9)
2.6%
12
Type of Reporting Person (See Instructions)
PN
?
Item 1.
(a)
Name of Issuer: Innovative Payment Solutions, Inc.
(b)
Address of Issuer?s Principal Executive Offices:
19355 Business Center Drive, #9
Northridge, California 91324
Item 2.
(a)
Name of Person Filing: Bellridge Capital, LP
(b)
Address of Principal Business Office or, if None, Residence:
515 E. Las Olas Boulevard, Suite 120A
Ft. Lauderdale, Florida 33301
(c)
Citizenship:
Delaware
(d)
Title and Class of Securities:
Common Stock
(e)
CUSIP No.:
45783M109
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;
(
b)
????Bank as defined in Section 3(a)(6) of the Act;
(
c)
????Insurance company as defined in Section 3(a)(19) of the Act;
(
d)
????Investment company registered under Section 8 of the Investment
Company Act of 1940;
(
e)
????An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(
f)
????An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(
g)
????A parent holding company or control person in accordance with
Rule 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;
(
j)
????A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
(
k)
????Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a
non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
Item 4.
Ownership
(a)
Amount Beneficially Owned:
7,503,689
(b)
Percent of Class:
2.6%
(c)
Number of shares as to which such person has:
(i)
Sole power to vote or to direct the vote:
7,503,689
(ii)
Shared power to vote or to direct the vote:
0
(iii)
Sole power to dispose or to direct the disposition of:
7,503,689
(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 person has ceased to be the beneficial
owner of more than five percent of the class of securities,
check the following ?.
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.
Not applicable.
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, other than activities solely in connection with
a nomination under ?240.14a-11.
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: March 9, 2021 BELLRIDGE CAPITAL, LP
By:
Robert Klimov, Partner