Next Galaxy Corp. (fka NXGA)

[DaReal]

Ultimate DD needs an Update
The company is authorized to issue 500,000,000 shares of common stock (par value $0.00001) of which 62,382,477 were issued and outstanding as of August 31, 2012.
taken from the latest 10Q http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8865106

Or from the 10k http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8798572 :
On August 5, 2010, under a certificate of action without a meeting of shareholders, our shareholder who controls 86.78% of the voting power approved an amendment to our articles of incorporation whereby we increased our authorized shares of common stock from 100,000,000 shares to 500,000,000 shares with a par value of $0.00001 per share.

CEO also disposed 16M shares on 29th May'12 per this Form4 http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8866121

Wonder where they went since the Price shows 0 and they do not show up in the latest 10Q.