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13D Filing: Wealthcolony SPV II, L.P. and Soupman Inc. (SOUP)

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
WealthColony SPV II 0 119,335,964 0 119,335,964 119,335,964 41.3%
WealthColony Management Group 0 119,335,964 0 119,335,964 119,335,964 41.3%
Jeffrey Freedman 547,000 119,335,964 547,000 119,335,964 119,882,964 41.5%

Page 1 of 7 – SEC Filing

 

 

UNITED
STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
OMB Number: 3235-0145
Expires: February 28, 2009
Estimated average burden
hours per response 14.5

 

SCHEDULE
13D

 

Under
the Securities Exchange Act of 1934

(Amendment
No. 7)*

 

SOUPMAN,
INC.

(Name
of Issuer)

 

COMMON
STOCK

(Title
of Class of Securities)

 

8361199107

(CUSIP
Number)

 

Jeffrey
Freedman, 745 Hope Road, Eatontown, New Jersey 07724 (732) 483-4656

(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

September
6, 2017

(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).

 

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Page 2 of 7 – SEC Filing

 

SCHEDULE
13D

 

CUSIP
No.
8361199107     Page 2 of 9 Pages

 

1

NAMES
OF REPORTING PERSON

I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

WealthColony
SPV II, L.P.

 
2

CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a)
[  ]

(b)
[X]

3

SEC
USE ONLY

 

 
4

SOURCE
OF FUNDS (See Instructions)

 

WC

 
5

CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

N/A

[  ]
6

CITIZENSHIP
OR PLACE OF ORGANIZATION

 

Delaware

 
NUMBER
OF

SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7

SOLE
VOTING POWER

 

0

8

SHARED
VOTING POWER

 

119,335,964

9

SOLE
DISPOSITIVE POWER

 

0

10

SHARED
DISPOSITIVE POWER

 

119,335,964

11

AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

119,335,964

12

CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

[  ]
13

PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

41.3%

14

TYPE
OF REPORTING PERSON (See Instructions)

 

PN

 

Page2 of 7 Pages

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Page 3 of 7 – SEC Filing

 

SCHEDULE
13D

 

CUSIP
No.
8361199107     Page 3 of 9 Pages

 

1

NAMES
OF REPORTING PERSON

I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

WealthColony
Management Group, LLC

2

CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a)
[  ]

(b)
[X]

3

SEC
USE ONLY

 

4

SOURCE
OF FUNDS (See Instructions)

 

AF

5

CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

N/A

[  ]
6

CITIZENSHIP
OR PLACE OF ORGANIZATION

 

Delaware

NUMBER
OF

SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7

SOLE
VOTING POWER

 

0

8

SHARED
VOTING POWER

 

119,335,964

9

SOLE
DISPOSITIVE POWER

 

0

10

SHARED
DISPOSITIVE POWER

 

119,335,964

11

AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

119,335,964

12

CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

[  ]
13

PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

41.3%

14

TYPE
OF REPORTING PERSON (See Instructions)

 

CO

 

Page3 of 7 Pages

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Page 4 of 7 – SEC Filing

 

SCHEDULE
13D

 

CUSIP
No.
8361199107     Page 4 of 9 Pages

 

1

NAMES
OF REPORTING PERSON

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Jeffrey
Freedman

2

CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a)
[  ]

(b)
[X]

3

SEC
USE ONLY

 

4

SOURCE
OF FUNDS (See Instructions)

 

AF,
PF

5

CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

N/A

[  ]
6

CITIZENSHIP
OR PLACE OF ORGANIZATION

 

New
Jersey

NUMBER
OF

SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
7

SOLE
VOTING POWER

 

547,000

8

SHARED
VOTING POWER

 

119,335,964

9

SOLE
DISPOSITIVE POWER

 

547,000

10

SHARED
DISPOSITIVE POWER

 

119,335,964

11

AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

119,882,964

12

CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

[  ]
13

PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

41.5%

14

TYPE
OF REPORTING PERSON (See Instructions)

 

IN

 

Page4 of 7 Pages

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Page 5 of 7 – SEC Filing

 

Item
1. Security and Issuer Identity and Background

 

This
Amendment No. 7 to that certain Schedule 13D (the “Schedule 13D”) filed with the Securities and Exchange Commission
on July 5, 2016, as amended by Amendment No. 1 thereto dated May 26, 2017, Amendment No. 2 thereto dated June 2, 2017, Amendment
No. 3 thereto dated June 7, 2017, Amendment No. 4 thereto dated June 9, 2017, Amendment No. 5 thereto dated June 30, 2017 and
Amendment No. 6 thereto dated August 18, 2017 relates to the common stock, $.001 par value per share (the “Common Stock”),
of Soupman, Inc. (the “Issuer”).

 

The
principal executive offices of the Issuer are located at 1110 South Avenue, Suite 100, Staten Island, New York 10314.

 

This
Amendment No. 7 is being filed to disclose the recent activities set forth in Item 4 (Purpose of Transaction). Only the item in
the Schedule 13D amended by this Amendment No. 7 is reported herein.

 

Item
4. PURPOSE OF TRANSACTION

 

This
Item 4 is being amended to add the following:

 

On
August 21, 2017, WealthColony SPV II, L.P. (the “Limited Partnership”) received a letter from counsel to the Issuer
in which counsel advised the Limited Partnership that the Issuer cannot acknowledge the effectiveness of the actions taken by
the Limited Partnership to replace the Issuer’s Board of Directors because, among other things, it is unable to verify that
the Limited Partnership has received the affirmative vote of a majority of the outstanding shares entitled to vote in order to
remove a director.

 

On
August 28, 2017, Gallant Brands, Inc., an affiliate of the Limited Partnership, submitted a bid to acquire substantially all of
the assets of the Issuer in accordance with the bidding procedures order entered by the United States Bankruptcy Court in connection
with the Issuer’s bankruptcy case. On August 28, 2017, the Limited Partnership was advised that it was a qualified bidder
and on that same date, was advised that its bid of $2,050,000 was the best and highest bid submitted in the auction for the Issuer’s
assets.

 

On
August 29, 2017, the United States Bankruptcy Court deferred decision with respect to the proposed sale order approving the sale
of Issuer’s assets to Gallant. An additional hearing with respect to the sale order is scheduled for September 7, 2017.

 

On
September 6, 2017, the Limited Partnership delivered a letter to Jamieson Karson, Chief Executive Officer of the Issuer, advising
that the Limited Partnership has elected to not challenge the Issuer’s position with respect to the effectiveness of the
actions taken by the Limited Partnership to replace the Issuer’s Board of Directors and has revoked the consent delivered
to the Issuer with its August 13, 2017 letter.

 

The
foregoing description of the September 6, 2017 letter is a summary, is not complete and is qualified in its entirety by reference
to the text of the September 6, 2017 letter which is attached to this Schedule 13D as Exhibit 9.

 

Item
7. MATERIAL TO BE FILED AS EXHIBITS

 

Exhibit   Description
     
1   Warrant
Agreement, dated December 26, 2014, between the Issuer and WealthColony SPV II, L.P. (filed as Exhibit 10.3 to the Issuer’s
Current Report on Form 8-K filed with the Securities and Exchange Commission on January 8, 2015 and incorporated by reference
herein).
     
2   Consulting
Agreement between the Issuer and Mighty Joe Marketing, LLC dated January 2, 2015 (filed as Exhibit 10.1 to the Issuer’s
Current Report on Form 8-K filed with the Securities and Exchange Commission on January 8, 2015 and incorporated by reference
herein)
     
3   Joint
Filing Agreement, dated June 29, 2016 (filed with the Schedule 13D being amended hereby filed with the Securities and Exchange
Commission on July 5, 2016 and incorporated by reference herein).

 

Page5 of 7 Pages

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Page 6 of 7 – SEC Filing

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Page 7 of 7 – SEC Filing

 

SIGNATURES

 

After
reasonable inquiry and to the best of his, her or its knowledge and belief, each of the undersigned certifies that the information
set forth in this statement is true, complete and correct.

 

Date:
September 6, 2017

 

  WEALTHCOLONY SPV II, L.P.
     
  By: WealthColony
Management Group, LLC
     
  By: /s/
Jeffrey Freedman
  Name: Jeffrey
Freedman
  Title: Manager
     
  WealthColony Management Group, LLC
     
  By: /s/
Jeffrey Freedman
  Name: Jeffrey
Freedman
  Title: Manager
     
    /s/
Jeffrey Freedman

 

Page7 of 7 Pages
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