Nexus Energy Services Inc (IBGR)

[Roofus]

The collective narrative is that the near 106 million shares are still for the Reg S ….

And they couldn’t say that yet in the filing, so they had to word it the way they did. And yeah, the Dryworld Global thing kind of gives it away like you mentioned.

And they issued exactly 105,940,429 shares on April 12 at $0.01 for cash and services according to the filing. Talk about an odd number.

And who would even pay them $0.01 at this point (or early April for that matter) for over 105 million shares? And why for that “exact” number of 105,940,429 shares? Looks like a “conversion” to me, being a weird number of shares like that. Based on all of that, logic seems to be it’s a conversion, i.e. the Reg S.

Time will tell, so we’ll just have to see how it plays out.

Others who are providing capital are getting shares for $0.005 range. Not for $0.01. The convertible debt is getting a conversion rate of $0.005. Who the hell is going to give them over a million dollars at $0.01 (105+ million shares), when the conversion rate for debt has been at $0.005.