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COMMON STOCK
12 Months Ended
May 31, 2013
COMMON STOCK:  
COMMON STOCK

NOTE 3. COMMON STOCK

 

The Company is authorized to issue 100,000,000 shares of preferred stock, $.00001 par value per share. The Company is also authorized to issue 300,000,000 shares of common stock, $.00001, par value per share. On May 6, 2008, the Company effected a forward split such that 35 shares of common stock were issued for each share of common stock. On July 20, 2010, the Company issued 50,000 shares of common stock to certain investors at a price of $2 per unit for a total gross proceeds of $100,000. The Company issued a total of 0.15 million shares of common stock to compensate its officers during the fiscal year of 2012. There were 991,162 and 991,162 shares issued and outstanding as of May 31, 2013 and May 31, 2012, respectively.

 

Effective April 25, 2011, Massimiliano Pozzoni sold 350,000 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.