Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 197

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 197
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 successfully, we must attract, recruit, retain and develop the necessary personnel who can provide the needed expertise
across the entire spectrum of our capital needs. This is particularly true with respect to qualified and experienced software engineers
and information technology staff, who are highly sought after. The market for such personnel is highly competitive, and we may not succeed
in recruiting additional personnel or may fail to replace effectively current personnel who depart with qualified or effective successors.
Our efforts to retain and develop personnel may result in significant additional expenses, which could adversely affect our profitability.
We cannot assure you that we will be able to attract and retain qualified personnel in the future. Failure to retain or attract key personnel
could have a material adverse effect on our business, financial condition and results of operations.

15

Risks Relating to Our Securities

There is currently
a limited public trading market for our common stock and one may never develop.

There currently is a
limited public trading market for our securities, and it is not assured that any such public market will develop in the foreseeable future.
Moreover, there can be no assurance that even if our common stock is approved for listing on an exchange or is quoted in the over-the-counter
market in the future, that an active trading market will develop or be sustained. Therefore, we cannot predict the prices at which our
common stock will trade in the future, if at all. As a result, our investors may have limited or no ability to liquidate their investments.

Trading in our common
stock is conducted on the OTCQB, as we currently do not meet the initial listing criteria for any registered securities exchange. The
OTCQB and OTC Markets are less recognized markets than the registered securities exchanges and is often characterized by low trading
volume and significant price fluctuations. These and other factors may further impair our stockholders’ ability to sell their shares
when they want to and/or could depress our stock price. As a result, stockholders could find it difficult to dispose of or obtain accurate
quotations of the price of our securities because smaller quantities of shares could be bought and sold, transactions could be delayed
and security analyst and news coverage of our Company may be limited. If a public market for our common stock does develop, these factors
could result in lower prices and larger spreads in the bid and ask prices for our shares of common stock.

Because our common
stock may be a “penny stock,” it may be more difficult for investors to sell shares of our common stock, and the market price