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COMMON STOCK TRANSACTIONS
6 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
COMMON STOCK TRANSACTIONS

NOTE 6 – COMMON STOCK TRANSACTIONS

 

On July 16, 2018, the Company issued 600,000 common shares in exchange for $30,000 in cash.

 

On August 13, 2018, the Company issued 2,500,000 common shares to retire two note payable in the aggregate amount of $100,000. These notes were in default. Prior to retiring the note, our CEO acquired a one-half interest in the note. Of these shares, 1,250,000 were issued to the CEO as payment of the note. The fair market value of the 2,500,000 shares issued was $117,500. The Company recognized a loss on conversion of the notes payable I the amount of $17,500.