Umbra Applied Technologies Group Inc (UATG)

[portcitybob]

Original annual report dated 2/4/18 stated 245,000,000 in reserved shares to pay 324,500.00 in debt. However, on 2/7/18 they revised it to 375,000,000 reserved shares to pay 113,325.00 in debt!
I don’t understand why the debt was settled for half the amount but they almost doubled the amount of reserved shares!
Surely they have sold enough shares by now to pay that 113,325.00. It doesn’t make sense, unless they have other plans for the money!!
If they continue to sale these shares we will end up with a 768,000,000 O/S.

What is Alex up to? Or could he use the sale of these shares to expand the product line or possibly use them for the upcoming merger that’s been discussed?