Amended Statement of Beneficial Ownership (sc 13d/a)
May 31 2016 - 12:25PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
AMENDMENT
NO. 2
TO
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
GLOBAL
EQUITY INTERNATIONAL, INC.
(Name
of Issuer)
Common
Stock, $.001 Par Value
(Title
of Class of Securities)
37952E
109
(CUSIP
Number)
Peter
J. Smith
38
Frond “F” Palm Jumeirah
Dubai,
UAE
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)
May
31, 2016
(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 Rule 13d-1(e), (f) or (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 Rule
13d-7(b) 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).
SCHEDULE
13D
CUSIP
No.: 37952E 109
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Page
2 of 5 Pages
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1
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NAMES
OF REPORTING PERSONS
Peter J. Smith
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
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(a)
[ ]
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(b)
[
X
]
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3
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SEC
USE ONLY
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4
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SOURCE
OF FUNDS (See Instructions)
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OO
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
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United
Kingdom
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NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
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7
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SOLE
VOTING POWER
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272,160,920
shares of Common Stock
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8
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SHARED VOTING POWER
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-0-
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9
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SOLE DISPOSITIVE
POWER
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272,160,920
shares of Common Stock
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10
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SHARED DISPOSITIVE
POWER
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-0-
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
272,160,920
shares of Common Stock
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12
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CHECK
THE BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ]
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
34.78
% of Common Stock
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14
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TYPE
OF REPORTING PERSON (See Instructions)
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IN
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Schedule
13D
Item
1.
Security and Issuer
This
statement relates to the Common Stock, $.001 par value, of Global Equity International, Inc., a Nevada corporation (“Issuer”).
The address of Issuer’s principal office is X3 Jumeirah Bay, Office 3305, Jumeirah Lake Towers, Dubai, UAE.
Item
2.
Identity and Background
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(a)
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Name
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Peter
J. Smith
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(b)
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Business
Address
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X3
Jumeirah Bay
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Office
3305
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Jumeirah
Lake Towers
Dubai,
UAE
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(c)
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Present
Principal Occupation
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President
and Chief Executive Officer of Global Equity International, Inc. and Global Equity Partners, Plc.
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(d)
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During
the last five years, Mr. Smith has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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(e)
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During
the last five years, Mr. Smith has not been a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which either of them 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.
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(f)
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Citizenship
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United
Kingdom
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Item
3.
Source and Amount of Funds or Other Consideration
On
May 31, 2016, Mr. Smith converted $27,500 of debt owed to him by the Issuer into 1,000,000 shares of Common Stock.
Schedule
13D
Item
4.
Purpose of Transaction
All
of shares described in Item 3, above, were acquired for investment purposes by Mr. Smith, who at the time of the acquisition of
the shares had no plans or proposals that relate to or would result in:
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(a)
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The
acquisition by any person of additional securities of Issuer or the disposition of securities of Issuer;
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(b)
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An
extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving Issuer or any of its subsidiaries;
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(c)
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A
sale or transfer of a material amount of assets of Issuer or any of its subsidiaries;
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(d)
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Any
change in the present board of directors or management of Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
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(e)
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Any
material change in the present capitalization or dividend policy of Issuer;
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(f)
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Any
other material change in Issuer’s business or corporate structure;
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(g)
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Changes
in Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of
control of Issuer by any person;
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(h)
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Causing
a class of securities of Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national securities association;
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(i)
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A
class of equity securities of Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the
Act; or
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(j)
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Any
action similar to any of those enumerated above.
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Item
5.
Interest in Securities of the Issuer
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(a)
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Aggregate
Number and Percentage of Securities
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According
to the most recently available information, there are approximately 782,515,973 shares of Issuer’s Common Stock outstanding.
Mr. Smith beneficially owns 272,160,920 shares of Issuer’s Common Stock or approximately 34.78% of Issuer’s issued
and outstanding Common Stock.
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Schedule
13D
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(b)
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Power
to Vote and Dispose
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Mr.
Smith has sole power to vote, or to direct the voting of, and the sole power to dispose or to direct the disposition of the
272,160,920 shares of the Issuer’s Common Stock owned directly by Mr. Smith.
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(c)
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Transactions
within the Past 60 Days
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Aside
from the conversion of $27,500 in debt due to Mr. Smith by the Issuer in exchange for 1,000,000 shares of Issuer’s Common
Stock on May 31, 2016, Mr. Smith has not engaged in any transactions in common stock of Issuer during the past sixty days.
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(d)
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Certain
Rights of Other Persons
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Not
applicable.
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(e)
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Date
Reporting Person Ceased to be the Beneficial Owner of More Than Five Percent of the class of securities, if applicable
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Not
applicable.
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Item
6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Not
applicable.
Item
7.
Material to be filed as Exhibits
Not
applicable.
Special
Note:
Please
direct any questions you may have about this filing to my attorney, David E. Wise, Esq., 9901 IH-10 West, Suite 800, San Antonio,
Texas 78230. Tel.: (210) 558-2858.
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.
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May
31, 2016
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(Date)
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/s/ Peter J. Smith
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Signature
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Peter J. Smith
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Name
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