Ubiquitech Software Corp (UBQU)

[Chip79]

Current outstanding Debt and Share Issuance recap:
GPL: $780k debt....16,085,091,195 shares issued.
A2G: $500k debt....3,146,486,400 shares issued.
R9 Holdings: $242,962 debt (original amt. $251,962)....120,000,000 shares issued.
Common Sense: $124,958 (original amt. $765,000)....2,168,500,000 Shares issued.

I know this question has been asked, but if the share issuance was for debt conversion, how in the world could there possibly be anything owed to any of these lenders? My college accounting days are well in the past...maybe I just can't remember how it works :).