XML 15 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
GOING CONCERN
12 Months Ended
May 31, 2012
GOING CONCERN  
GOING CONCERN
NOTE 2 - GOING CONCERN
 
The accompanying financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America which
contemplate continuation of the Company as a going concern. The Company has
year-end losses from operations of $5,533,927 and $125,480 for the years ended
May 31, 2012 and 2011, respectively. Furthermore, the Company has inadequate
working capital to maintain or develop its operations, and is dependent upon
funds from private investors and the support of certain stockholders.
 
These factors raise substantial doubt about the ability of the Company to
continue as a going concern. These financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts, or amounts and classification of liabilities that might result from
this uncertainty. In this regard, management is planning to raise any necessary
additional funds through loans and additional sales of its common stock. There
is no assurance that the Company will be successful in raising additional
capital.