Global Arena Holding Inc (GAHC)

[Asahi2017]

Onlyone,
The increase in outstanding shares was due to conversion of debt.
As most start up companies GAHC borrowed from predatory lenders. The two companies who converted over 400 million shares were union capital funding and Apple Capitol Corp. these companies lend hoping the borrower will go in default
The reason is is they are able to convert and sell stock at 80% of market , price making 25% on each conversion. If the stock price drops below a penny they convert at 40% of market. Good news is there notes are cone. St George funding proceeds were partly used to retire this debt.