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COMMON STOCK
9 Months Ended
Feb. 28, 2014
COMMON STOCK  
COMMON STOCK

NOTE 3. COMMON STOCK

 

The Company is authorized to issue 100,000,000 shares of preferred stock with par values in $.00001. The Company is also authorized to issue 300,000,000 shares of common stock with par values in $.00001. On May 6, 2008, the Company affected 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 unit for a total of $100,000. The Company had issued a total of 0.15 million shares of common stock to compensate its officers during the fiscal year of 2012. There were  992,192 shares issued and outstanding as of February 28, 2014 and May 31, 2013 respectively. The difference is due to rounding. (WP REF 0401 and 0408)

 

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.