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COMMON STOCK
6 Months Ended
Nov. 30, 2013
COMMON STOCK  
COMMON STOCK

NOTE 5. COMMON STOCK

 

The Company is authorized to issue 100,000,000 shares of preferred stock with a par value of $.00001 per share. The Company is also authorized to issue 300,000,000 shares of common stock with a par value of $.00001 per share. 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 50,000 shares of common stock to investors at a price of $2 per share for a total of $100,000. The Company had issued a total of 150,000 shares of common stock to compensate its officers during the fiscal year of 2012. There were 992,192 and 991,162 shares issued and outstanding as of November 30, 2013 and August 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.