Funny to see nearly 1 billion shares issued to convert debt, but they cannot find the debt, do not know who the debt is with, what the terms of the conversion features are.
However, somehow shares were issued, and they failed to disclose the share issuances, nor expense them. Also, if you noticed, on the report filed with OTC Markets, they forgot to include the "shareholder issuances", "Officers, Directors, and Beneficial Shareholders", nor "Subsequent Events". My guess is they want to hide 1.1 billion shares issued to convertible debentures they cannot find.
Never seen that one before. Always a first. Just curious as to what exemption were those shares issued and what exemption is being used to free the certificates from legend and sell them in the public markets.
1 billion shares is plenty of shares of unregistered securities.