Emerging Markets Consulting Takes 14% Stake in UPAY

TL;DR

**Emerging Markets Consulting just bought 14% of UPAY, a big vote of confidence!**

AI Summary

Emerging Markets Consulting, LLC, led by James S. Painter, III, has disclosed a significant stake in UPAY, Inc. (UPAY), acquiring 2,175,000 shares of common stock, representing 14% of the company. This substantial ownership was triggered by an event on November 3, 2023, and filed on January 17, 2024. This matters to investors because a large institutional holding can signal confidence in UPAY's future, potentially influencing stock price and future strategic decisions.

Why It Matters

A new institutional investor holding 14% of UPAY's stock could bring increased scrutiny, potential for strategic influence, and a vote of confidence that may attract other investors.

Risk Assessment

Risk Level: low — This filing indicates a new significant investor, which is generally a positive signal and does not inherently increase risk for current shareholders.

Analyst Insight

A smart investor would monitor UPAY's stock for potential positive price movement and look for any future announcements regarding Emerging Markets Consulting, LLC's involvement, as a significant stake often precedes further engagement or strategic shifts.

Key Numbers

• 2,175,000 — Shares Beneficially Owned (The total number of UPAY common shares now owned by Emerging Markets Consulting, LLC.)
• 14% — Percent of Class (The percentage of UPAY's common stock represented by Emerging Markets Consulting, LLC's holding.)
• 903212108 — CUSIP Number (The unique identification number for UPAY, Inc.'s common stock.)

Key Players & Entities

• Emerging Markets Consulting, LLC (company) — the reporting person acquiring shares
• UPAY, Inc. (company) — the issuer whose shares were acquired
• James S. Painter, III (person) — the person filing on behalf of Emerging Markets Consulting, LLC
• 390 North Orange Avenue, Suite 2300 Orlando, FL, US, 32801 (company) — Emerging Markets Consulting, LLC's business address
• November 3, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Emerging Markets Consulting, LLC may seek to engage with UPAY's management or board to influence strategic decisions. (UPAY, Inc.) — medium confidence, target: Within 6-12 months
• The increased institutional ownership could lead to a short-term positive sentiment boost for UPAY's stock. (UPAY, Inc.) — medium confidence, target: Within 1-3 months

FAQ

Filing Documents

• up008_sc13g.htm (SC 13G) — 40KB
• 0001575872-24-000056.txt ( ) — 42KB

From the Filing

SC 13G 1 up008_sc13g.htm SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 UPAY, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 903212108 (CUSIP Number) Emerging Markets Consulting, LLC, 390 North Orange Avenue, Suite 2300 Orlando, FL, US, 32801 (Name, Address and Telephone Number of Person) November 3, 2023 (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) 1 Name Of Reporting Persons Emerging Markets Consulting, LLC 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 United States Citizen Number of Shares Beneficially Owned By Each Reporting Person With 5 Sole Voting Power 2,175,000 6 Shared Voting Power 7 Sole Dispositive Power 0 8 Shared Dispositive Power 9 Aggregate Amount Beneficially Owned By Each Reporting Person 2,175,000 10 Check If The Aggregate Amount In Row (9) Excludes Certain Shares 11 Percent Of Class Represented By Amount In Row 9 14% 12 Type Of Reporting Person (See Instructions) CO 2 Item 1 (a). Name of Issuer: UPAY, Inc. Item 1 (b). Address of Issuer’s Principal Executive Offices: UPAY, Inc. 3010 LBF Freeway 12 th Floor Dallas, Texas 75234 Item 2 (a). Name of Person Filing: James S. Painter, III Item 2 (b). Address of Principal Business Office: Emerging Markets Consulting, LLC, 390 North Orange Avenue, Suite 2300 Orlando, FL, US, 32801 Item 2 (c). Citizenship: United States Item 2 (d). Title of Class of Securities: Common Item 2 (e). CUSIP Number: 903212108 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 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. (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, in accordance with Rule 13d-1(b)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (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) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(J). 3 Item 4. (a) Amount beneficially owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: (ii) Shared power to vote or to direct the vote: (iii) Sole power to dispose or to direct the disposition of: (iv) Shared power to dispose or to direct the disposition of: Item 5. Item 6. 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: 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 the purpose or effect. 4 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: January 17, 2024 /s/ James S. Painter III Signature James S. Painter, III/ Managing Director Name/Title 5

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View this SC 13G filing on SEC EDGAR