Life On Earth Inc (fka LFER)

[trader59]

From the last quarterly they published, period ending September 30, 2019:

Conversions of Notes: Commencing October 1, 2019 (the first permitted conversion date for the convertible notes issued during the second and third quarters of 2019) through November 19, 2019, the holders of a total of $770,000 in total principal value of convertible notes plus accrued interest, elected to convert into common stock of the Company. As a result of the conversion elections, a total of 5,957,002 common shares have been issued based on an average conversion price of $0.129 per share.

That's on page F-13 and was only the beginning.

The O/S swelled from 104M to up over 200M during that period, and Scott issued himself 60M shares to maintain voting control without filing the required form 4. The O/S is nearly 250M shares today.

No legitimate business gets themselves suspended, goes dark for a year and a half, and then "moves" to another ticker that has hardly any cash and $1.6M of convertible debt.