SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2018

NOTE 15 – SUBSEQUENT EVENTS

During the first quarter of 2019, a total of 15,347,563 shares of Preferred B stock were exchanged into common shares, and a total of 12,000,000 shares of Preferred B stock were exchanged into shares of Preferred A stock. The following table outlines the holdings of officers after exchanging either all or some of their preferred series of stock for common stock.:

	Name and Address of	Amount and Nature of
Title of Class	Beneficial Owner	Beneficial Ownership	Percent of Class
Common	Lucien Marioneaux, Jr.	12,205,963	12.7%
Common	Trey Moore	800,000	Less than 1%
Common	LaNell Armour	2,341,600	2.4%
Officers and Directors as a Group		15,447,563	16.1%
(4 persons)
Preferred – Series A	Trey Moore	9,000,000	46.6%
Preferred – Series A	Ryan Marlowe	2,000,000	10.4%
Preferred – Series A	James Ketner	6,750,000	35.05%
Officers and Directors as a Group		17,750,000	92.0%
(4 persons)

Subsequent to December 31, 2018, the Company issued 8,296,653 shares of common stock pursuant to conversion of debt related to the conversion of $133,000 in principal of the July 2018 convertible note with PowerUp Lending

Galenfeha, Inc. 10-K