How does $6K=$119K?

From the Quarterly:

NOTE 8 – Stockholder’s equity
2018 Issuances
Preferred
During the quarter ended March 31, 2018, we issued 100,000 shares of preferred series “E” shares for
services valued at $6,000

(which were converted one month after issued into $119,000 worth of common at today's market price)

1-18-18 issued (Robert Herskowitz)
2-28-18 converted (Robert Herskowitz)


Pluto....does this accurately imply that 100k E shares were converted 1 month later for 2M common shares (@ .06 = $120k)? That’s an unfathomable 20x return in 40 days?

the PDF file was not readable in my view. I would find this very, very hard to believe