U think? LOL...the company itself values its shares at par value...im not sure i have ever even seen such a low par value...00000001...have u?
Common stock, par value $0.00000001 per share, 49,880,000,000
shares authorized, 891,181,337 and 1,161,246 shares issued and
outstanding as of June 30, 2012 and September 30, 2011, respectively
On June 21, 2012, the Company’s Board of Directors authorized the issuance of 850,000,000 shares of its common stock to its President and majority shareholder as compensation for services to be rendered to the Company, in accordance with an employment agreement executed on that date.
The Company entered into an agreement with a consultant for a one-year term, in exchange for a total of 40,000,000 shares of its common stock. The shares of common stock were issued in June 2012.
Management determined the fair value of these common shares issued for services approximates its par value.
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