Replies to post #81223 on Nexus Energy Services Inc (IBGR)

[Shmoney1]

anybody explain why the preffered shares are more than the authorized commons almost 1 billion?

2) Security Information
Trading symbol: IBGR
Exact title and class of securities outstanding: Common Stock
CUSIP: 717141105
Par or stated value: $0.001
Total shares authorized: 350,000,000 as of date: September 30, 2021
Total shares outstanding: 171,001,099 as of date: September 30, 2021
Number of shares in the Public Float2
: 131,819,613 as of date: September 30, 2021
Total number of shareholders of record: 1,582 as of date: September 30, 2021
All additional class(es) of publicly traded securities (if any):
Trading symbol: N/A
Exact title and class of securities outstanding: Convertible Series A Preferred Stock
CUSIP: N/A
Par or stated value: $0.001
Total shares authorized: 500 as of date: September 30, 2021
Total shares outstanding: 0 as of date: September 30, 2021
Trading symbol: N/A
Exact title and class of securities outstanding: Convertible Series B Preferred Stock
CUSIP: N/A
Par or stated value: $0.001
Total shares authorized: 2,000,000 as of date: September 30, 2021
Total shares outstanding: 0 as of date: September 30, 2021
Trading symbol: N/A
Exact title and class of securities outstanding: Convertible Series C Preferred Stock
CUSIP: N/A
Par or stated value: $0.001
Total shares authorized: 999,500,000 as of date: September 30, 2021
Total shares outstanding: 0 as of date: September 30, 2021
Trading symbol: N/A