UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
POPSTAR COMMUNICATIONS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
766169 10 6
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-(c)
|_| Rule 13d-1(d)
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CUSIP No. 766169 10 6
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1. Name of Reporting Person
innovator.com Ltd.
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2. Check the Appropriate Box if a Member of a Group (a) Not applicable
(b)
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization
The British Virgin Islands
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Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power
3,000,000 (1)
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6. Shared Voting Power
0
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7. Sole Dispositive Power
3,000,000 (1)
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8. Shared Dispositive Power
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000 (1)
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares |_|
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11. Percent of Class Represented by Amount in Row (9):
13.9%
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12. Type of Reporting Person
CO
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(1) Includes 1,500,000 shares of common stock subject to vested and currently
exercisable options owned by the reporting person and 1,500,000 shares of common
stock. Percentage indicated is 3,000,000 as a percentage of 20,047,500 shares
outstanding plus 1,500,000 subject to the reporting person's options.
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CUSIP No. 766169 10 6
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Item 1(a) Name of Issuer
POPstar Communications, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices
107 East 3rd Avenue, Vancouver, British Columbia, CANADA
VST 1C7
Item 2(a) Name of Person Filing
innovator.com Ltd.
Item 2(b) Address of Principal Business or, if None, Residence
68/F, The Center 99 Queen's Road Central,
Hong Kong SAR
Item 2(c ) Citizenship
The British Virgin Islands
Item 2(d) Title of Class of Securities
Common Stock
Item 2(e) CUSIP Number
766169 10 6
Item 3. If this Statement is Filed Pursuant to Rule 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 Exchange Act;
(b) __ Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) __ Insurance company as defined in Section 3(a)(19) of the Exchange 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 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;
(i) __ A church plan that is excluded from the definition of an investment
company under Section 3(c )(14) of the Investment
Company Act; or
(j) __ Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to rule 13d-1(c ), check this box.__
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CUSIP No. 766169 10 6
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Item 4. Ownership
(a) Amount beneficially owned: 3,000,000 (1)
(b) Percent of Class: 13.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 3,000,000 (1)
(ii) Shared power to vote or to direct the vote: - 0 -
(iii) Sole power to dispose or to direct the disposition:
3,000,000 (1)
(iv) Shared power to dispose or to direct the disposition:
- 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.
Not Applicable
Item 8. Identification and Classification of Members of the Group
Not Applicable
Item 9. Notice of Dissolution of Group
Not Applicable
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(1) Includes 1,500,000 shares of common stock subject to vested and currently
exercisable options owned by the reporting person and 1,500,000 shares of common
stock. Percentage indicated is 3,000,000 as a percentage of 20,047,500 shares
outstanding plus 1,500,000 subject to the reporting person's options.
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CUSIP No. 766166 10 6
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Item 10. Certification
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: February 23, 2000
innovator.com Ltd.
By: /s/ LI Bing Chi Esmond
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Name: LI Bing Chi Esmond
Title: Director
