Barrel Energy issues 750M common shares upon conversion of Series A Preferred by insiders

Barrel Energy Inc.

Three officers/directors converted 250,000 Series A Preferred shares each into 250M common shares (1:1,000 ratio).
Common shares outstanding surged from ~2.1M to ~752M, a 350x increase; no cash proceeds received.
Converting holders: James Jarmin Kaltsas, Alfreddie Johnson, Willis Jerome Pumphrey Jr. (each retains 1M Series A shares).
Remaining Series A Preferred outstanding: 3M shares (1M per holder) out of original 5M authorized.

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