US Energy Initiatives Corp (USEI)

[Slojab]

The original 10M coins were. But now, all of them have been transferred and seem to be owned by BMCS. Read the annual for BMCS and pay note to these two entries then comment on the content.

In 2021 Management changed the direction of this firm into the digital asset sector. BMCS Sumcoin Index Fund Inc., A PUBLICLY TRADED COMPANY TRADED UNDER THE STOCK SYMBOL BMCS has a Delaware Statutory Trust that holds Sumcoin (SUM) on behalf of its shareholders

Additionally, the Company also issued 1,000 Series A preferred shares for $40 Million dollars of Sumcoin Digital Assets (40,421 coin) that are reflected on the Company’s Balance Sheet as Digital Assets (currency). As of December 31, 2022, the issued and outstanding Series A preferred shares was 2,043,139 and 0 series B. Collectively as of December 31, 2022 the Company has 79,775 total digital currencies who’s value at this date is $79,059,965 based upon the Sumcoin closing price on December 31, 2021 of $979.04 per coin

https://www.otcmarkets.com/otcapi/company/financial-report/374634/content