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COMMON STOCK
9 Months Ended
Feb. 28, 2013
COMMON STOCK  
COMMON STOCK

NOTE 5 - COMMON STOCK

 

The Company is authorized to issue 100,000,000 shares of preferred stock with par values in $0.00001. The Company is also authorized to issue 300,000,000 shares of common stock with par values in $0.00001. On May 6, 2008, the Company effected a forward split of 35 for each share of common stock. On July 20, 2010, the Company issued 5,000,000 shares of common stock to investors at a price of $0.02 per unit for a total of $100,000. The Company has issued a total of 15 million shares of common stock to compensate its officers during the fiscal year of 2012. There were 99,116,214 shares issued and outstanding as of February 28, 2013 and May 31, 2012 respectively.

 

Effective April 25, 2011, Massimiliano Pozzoni sold 35,000,000 shares of common stock held in his name to Chimerica Capital, LLC. Jimmy Wang, the Company’s treasurer, has the power to vote and dispose of the shares transferred to Chimerica Capital, LLC.