Note 5 - Stockholders' Equity

6 Months Ended

Jun. 30, 2014

Notes

Note 5 - Stockholders' Equity

Note 5 - Stockholders’ Equity

The company has authorized 320,000,000 shares, of which 300,000,000 are Common Stock, par value $0.001 per share with 8,040,625 shares of Common Stock issued and outstanding and 20,000,000 shares of Preferred Stock, par value $0.001 per share, with 1,000,000 shares designated as Series A Preferred Stock, $0.001 par with 10,000 shares of Series A Preferred Stock issued and outstanding at June 30, 2014.

The Series A Preferred Stock have the following designations, rights, and preferences:

·         The stated value of each shares is $0.001,

·         Each share shall entitle the holder thereof to 300 votes on all matters submitted to a vote of the stockholders of the Company,

·         Except as otherwise provided in the Certificate of Designation, the Company’s Articles, or by law, the holders of Series A Preferred Stock shall have general voting rights and shall vote together as one class, with all holders of shares of any other capital stock of the Company, on all matters submitted to a vote of stockholders of the Company, and

·         The holders of the Series A Preferred Stock shall not have any conversion rights.

On May 3, 2014, the Company issued 10,000 shares of its common stock for the acquisition of assets classified as Buildings & Improvements at June 30, 2014. These shares were valued based on the fair value of service provided ($10,000).