Turner Valley Oil and Gas Inc (TVOG)

[loanranger]

I'm not sure why you would say that.
Helm, the former CEO, converted 60,000 shares of Series B preferred into 6,000,000 shares of common.
1,420,000 shares of Series B remain outstanding. Conversion of those shares at the same rate would result in the issuance of 142,000,000 common shares.
"As of June 30, 2022, the number of shares outstanding of our Common Stock was 211,795,023" per the latest quarterly report.

Did you take the potential for that level of dilution into consideration?

More troubling might be the fact that Preferred B was used to pay off debt at VERY different rates to two entities only 2 weeks apart:
Per the Quarterly Helm got 35,100 Preferred B shares for $37,700 in debt while US Petrovest got 1,300,000 Preferred B shares for $77,709 in debt. You don't need a calculator to recognize how big that disparity is.
Per the Report:
"On August 25, 2021, the Company issued 144,900 shares of Series B Preferred stock to Stephen Helm in exchange for the cancellation of 14,490,000 shares of common stock held by Mr. Helm on that date. The Company also issued on that same date 35,100 shares of Series B Preferred stock to Mr. Helm to settle outstanding advances he previously made to the Company in the amount of $37,700.
On September 10, 2021, the Company issued 1,300,000 shares of Series B Preferred stock to US Petrovest, Inc. to settle outstanding advances previously made to the Company in the amount of $77,709."

An excellent share structure needs to make sense.