Common Stock

3 Months Ended

Nov. 30, 2011

Common Stock

Common Stock

NOTE 15 – COMMON STOCK

As of the balance sheet dates, the Company has a total of 300,000,000 shares of common shares authorized at US$0.0001 par value.  As of the balance sheet dates, 282,315,325 shares were issued and outstanding, respectively

The weighted average number of shares for the three months and six months ended November 30, 2011 is 282,315,325 shares.

The calculation of weighted average number of shares for the three months and six months ended November 30, 2010 is illustrated as follows:

			Weighted average number of shares
	Number of shares		Three months ended November 30, 2010		Six months ended November 30, 2010
At June 1, 2010 and September 1, 2010		269,168,128		269,168,128		269,168,128
Issuance of shares on October 25, 2010 to satisfied debts to Redtone International Berhad		13,147,197		5,201,089		2,586,334
At November 30, 2010		282,315,325		274,369,217		271,754,462