Vital products Part 3
In September 2008, we changed our business plan, we intend to pursue a new line of business as a developer and distributor of industrial packaging products. We are in the very early stage of this change in business model however and we may not be able to pursue our plans due to our lack of capital.
(Who should we buy this new line of business from, and how we going to pay for it)
(On October 2, 2008, the Company issued 10,000,000 restricted shares of common stock to Michael Levine, CEO, President and Chairman of the Board as a deposit on the acquisition of Den Packaging Inc. valued at $900,000.
(Just a deposit huh)
(Shareholders)
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
As of July 31, 2008, we have accrued a total of $70,508 in rent to Michael Levine, our Chief Executive Officer
(And who is Micheal Levine)
BIOGRAPHIES OF EXECUTIVE OFFICERS AND DIRECTORS
Mr. Michael Levine has served as our Chief Executive Officer and Chairman of the Board since June 2005. Mr. Levine devotes a minimum of 25% of his working time to the affairs of our Company.
( What is the end result of all this and what does it mean to you the shareholder)
7. CAPITAL STOCK
Capital stock consists of 1,000,000 authorized preferred shares with a $0.01 par value and 100,000,000 common shares with a $0.0001 par value. As of July 31, 2008 and 2007, there were no issued and outstanding preferred shares.
10,750,000 shares of common stock had been issued and outstanding for both years.
As of December 5, 2008 the Issuer had 36,450,000 shares of common stock issued and outstanding, par value $0.0001 per share.
(Whoa a triple, 10 million to 36 million, in six months, haven't we been busy)
