Replies to post #48494 on Nexus Energy Services Inc (IBGR)

[PENNIEStoSTACKS]

As of the period ended June 30, 2018 the capital stock of the company was as follows:
Class A: Common stock, $0.001 par value;
Number of shares authorized: 500,000,000;
Number of shares outstanding: 290,342,956;
Freely tradable shares: 131,819,413;
Total number of shareholders of record: 1,579
https://backend.otcmarkets.com/otcapi/company/financial-report/207045/content

Total shares authorized: 350,000,000 as of March 31, 2020
Total shares outstanding: 140,342,956 as of March 31, 2020
converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting
securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.
OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v2.1 December 2019) Page 3 of 15
Number of shares in the Public Float2
: 131,819,413 as of March 31, 2020
Total number of shareholders of record: 1,581 as of March 31, 2020
https://backend.otcmarkets.com/otcapi/company/financial-report/251217/content

Very good point, the number of shares has actually been reduced

Nexus Energy Reduces O/S and A/S After CEO Returns 150 Million Shares to Treasury
https://www.globenewswire.com/news-release/2019/01/09/1682791/0/en/Nexus-Energy-Reduces-O-S-and-A-S-After-CEO-Returns-150-Million-Shares-to-Treasury.html