GZ6G Technologies Corp (GZIC)

[elbiatcho1]

Appears the 500,000,000 were Terrance Flowers' restricted shares.
Flowers was the creditor.

4)Issuance History

On May 19, 2017, the Company agreed to issue 500,000,000 restricted shares of the Issuer’s common stock to Mr. Terrance Flowers in consideration $5,000 previously provided to the Issuer for ongoing operational expenses.

Concurrently, Mr. Flowers became the controlling shareholder of the Issuer holding 53% of the total issued and outstanding shares.

So the restricted shares converted upon transfer to Cole?
Unsure what the rules are about restricted shares.