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Friday, November 30, 2018 1:49:54 PM
The Nevada SOS was updated on 11/15/2018 with the new A/S of 4,000,000,000,000. They filed the Q3 Report on 11/19/2018 just 4 days later. I'm assuming the increase was originally meant to cover their merger deal with MTrac. It also appears that a deal was negotiated to convert those to 10 Shares of Common Stock. They (GOHE) would've, more than likely, negotiated to exchange the common stock to preferred stock with restrictions. I can't know for sure but it doesn't automatically mean the worst to see a rise in the A/S. Companies often have to increase their share count when involved in R/M's specifically for instances like these.
Pursuant to theterms of the Merger, Global issued 1,100,000,000 (one billion, one hundred million) shares of its common stock toMoneyTrac as consideration for the purchase of MoneyTrac. Pursuant to the terms of the Merger, a conversion of issued
MoneyTrac stock was completed whereby each one (1) share of MoneyTrac stock, issued and outstanding immediately prior
to the effective date of the Merger, was canceled and extinguished and converted automatically into ten (10) shares of Global
common stock.
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