STOCKHOLDERS' DEFICIT

3 Months Ended

Jan. 31, 2022

STOCKHOLDERS' DEFICIT

NOTE 5. STOCKHOLDERS DEFICIT

NOTE 5. STOCKHOLDERS’ DEFICIT

Preferred Stock

As of January 31, 2022, the Company was authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001.

No shares of preferred stock were issued or outstanding during the nine months ended January 31, 2022 and 2021.

Common Stock

As of January 31, 2022, the Company was authorized to issue 200,000,000 shares of common stock with a par value of $0.0001.

During the nine months ended January 31, 2022, no shares of common stock were issued.

During the nine months ended January 31, 2021, we made the following sales of common stock for cash:

On May 5, 2020, Locman Superannuation Fund (“Fund”) paid the Company the sum of $14,975 to acquire 200,737 shares of common stock of the Company pursuant to a subscription agreement between the parties. Anthony Lococo, the Company’s controlling shareholder and sole officer and director, is the control person of the Fund.

On July 27, 2020, the Fund paid the Company the sum of $15,000 to acquire 207,000 shares of common stock of the Company pursuant to a subscription agreement between the parties.

As of both January 31, 2022 and April 30, 2021, 7,642,211 and 7,642,210 shares of common stock were issued and outstanding, respectively.

Treasury Stock

The Company’s treasury stock comprised one share of common stock acquired at a cost of $52,954.