The company has $ 8,200,000 in subscription Receivables related to the issue of 2,500,000 preferred and 50,000,000 shares of common stock in 2023 to Gope Kundnani (director more than 10% owner) , its listed as a receivable on the balance sheet. Plus another 200,000 subscription from previous
These shares have been issued and have not been paid for but the sale amount is considered an asset on the balance sheet. $8 mil..
Going
forward 50 million common at 16 cents average would cover the 8 mil. what am I missing..
They are restricted from trading , do not know details of the restricted shares terms with Kundnani
these shares have been issued and not yet paid for
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