GD Entertainment and Technology Inc (GDET)

[Vijitha]

I have some doubts about their filings. Can someone explain?

1. 1-A filing on 13 Nov 19 says issuing 4Bn shares @.0010
Their current share structure is as follows.
Authorized Shares 5,000,000,000 10/31/2019
Outstanding Shares 986,207,888 10/31/2019
Restricted Not Available
Unrestricted Not Available
Held at DTC Not Available
Float 357,540,494
Once they issue the proposed 4Bn shares, will there Outstanding shares be 4,986,207,888?

2. If so, why they issue those at .0010 rather than the current price? and can the PPS go down to .0010 in the coming days?