VGTel Inc (VGTL)

[N4longterm]

o/s 514m same like 2 years ago

Per the company's own filing:

For the 12 Months Ending March 31, 2017: The company issued a total of 62,000,000 shares of common stock in order to satisfy conversions of both principal and accrued interest under various convertible promissory notes during the 12-months ending March, 31, 2017.

For the 12 Months Ending March 31, 2018: The company issued a total of 198,906,666 shares of common stock in order to satisfy conversions of both principal and accrued interest under various convertible promissory notes during the 12-months ending March, 31, 2018.

That is a total of 260,906,666 shares added to the O/S over the last 2 years.....

EDIT:

OOPS!!

Missed this 46,000,000.

For Quarter Ending June 30, 2018: The company issued a total of 46,000,000 shares of common stock in order to satisfy conversions of both principal and accrued interest under various convertible promissory notes during the 3 months ending June 30, 2018.

That means over half of the O/S has been dumped in that 2 year time-span....