Friday, April 13, 2012 9:46:56 PM
NOTE H - EQUITY
Common Stock: As of filing date August 9, 2010, the Company was redomiciled in the State of
Wyoming. As of filing date October 11, 2010, the Company was issued a Certificate of Amendment to its
Articles of Incorporation, by the Wyoming Secretary of State, changing the number of authorized
common shares to 100,000,000,000, par value $.0000001. On May 5, 2010, the board of directors
authorized a stock dividend to shareholders of record as of May 28, 2010 to be paid on June 16, 2010 in
the form of a newly issued series of stock namely Series B Preferred Stock. The dividend ratio was .0014
share of Series B Convertible Preferred Stock would be issued for every one share of common stock held
as of the date of record. On June 18, 2010 a reverse split, or share consolidation, of 200 to 1 was
transacted. Also, on October 1, 2010, a reverse split, or share consolidation, of 3000 to 1 was transacted.
For the year ended October 31, 2010, 11,875,000 shares were issued for services valued at $30,000;
debentures and related interest in the amount of $ 321,383 were converted into 64,276,500 shares;
21,720,680 shares were converted related to Series C Preferred Stock as mentioned below; 2,400,000,000
shares were issued as a result of the purchase of Johansen Trust (Note P). On October 13, 2010, the
Board authorized 40,000,000,000 shares as part of an employment agreement. As of October 31, 2010
40,000,861,954 shares were issued and outstanding.
My opinion only.
Buy or sell on your own decision.
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