iGen Networks Corp (IGEN)

[DeltaWarrior]

Its not all from convertible debts. In fact, i'd bet many of the shares were for Preferred stock being converted into commons. If you take a look at the Subsequent events section from the 10k, you will better understand why I have this theory.

This tidbit is from the recent 10K, note the part in bold about preferred stock.

"During 2020, through the date of this filing, we converted an additional $213,000 of principal and accrued interest of our convertible notes into 387,974,460 shares of common stock and also have converted an additional 148,200 preferred stock shares and accrued interest, totaling $209,000 into 199,206,989 shares of common stock." 

Furthermore, our only remaining convertible note was with crown bridge. If you look at the totality of that note and the amount of debt we converted this year for convertible notes (again below), you will begin to understand why the CEO said convertible notes were almost done back at the end of May. I think the convertible notes were done when CFGN finally vacated L2.

"During 2020, through the date of this filing, we converted an additional $213,000 of principal and accrued interest of our convertible notes into 387,974,460 shares of common stock "