Nexus Energy Services Inc (IBGR)

[samsamsamiam]

Long gone as in when the last financials were done?
This appears to be a replay of what happened with GRDO.
Including the exchange of 150 million shares from Minsky in exchange for preferred shares. And lowering the A/S. Not that there is anything wrong with that. Will just have to wait to see if this SHARP plan repatriating shares works.
What exactly did Minsky do for those shares anyhow.

“Nexus Energy Reduces O/S and A/S After CEO Returns 150 Million Shares to Treasury
Press Release | 01/09/2019
PALO ALTO, Calif., Jan. 09, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Nexus Energy Services, Inc. (OTCPINK: IBGR), an application development company, today announced that it has reached an agreement with its CEO and President, Ron Minsky, to convert 150 million common shares held by Mr. Minsky into Preferred Series “D” shares. This will leave just over 140 million common shares issued and outstanding. In concert with this agreement, the company will file an amendment with the Nevada Secretary of State to reduce the total number of shares authorized to 350 million.

Mr. Minsky, commented, “I was not about to divest myself of any stock in the foreseeable future anyway, and after discussing the matter with newly appointed Corporate Advisor, George Sharp, we agreed that these shares were best used for the future funding of the company.””