Turner Valley Oil and Gas Inc (TVOG)

[pennylover]

Those 6mil were issued to pay off only $6000 so issued at 001 per share and non restricted. TVOG recognized a loss since the price at the time was 013. So now US Petrovest has 6 mil to dump in the open market.

“The Company issued 6,000,000 shares of common stock to a related party note holder to pay off $6,000 of an outstanding note payable. The Company recognized loss of $74,400 on conversion of the note payable to common stock.“

You can see thei note on their liability went from $200,263 to $194,263. They have to issue another 194 million shares to pay the note off