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Subsequent Events
3 Months Ended
Sep. 30, 2012
Subsequent Events:  
Subsequent Events

SUBSEQUENT EVENTS

 

On October 18, 2012, the Company received $5,000 in the form of a short term promissory note. The note bears interest at 8% interest and is due on December 31, 2012.

 

In addition, the Company received $5,000 in the form of a revenue linked convertible note. This note matures in 9 months, is non-interest bearing and convertible into $0.07 a share after 9 months. In addition, the note holder received 500,000 shares as per the terms of the agreement.

 

In November 2012 the holders of more than a majority of the voting power of the shareholders of the Company, have approved an amendment to the certificate of incorporation to effect up to a 20-to-1 reverse split of the Company's common stock, par value $0.0001.