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CAPITAL STOCK
9 Months Ended
Sep. 30, 2011
CAPITAL STOCK 
CAPITAL STOCK

NOTE D – CAPITAL STOCK

 

At September 30, 2011, the Company had 500,000,000 authorized shares of Common Stock with a no par value and 25,000,000 authorized shares of Preferred Stock with no par value.

 

Common Stock

 

In August 2002, the Company issued 1,500,000 shares of Common Stock as founder shares resulting in gross proceeds of $15,000.  On March 10, 2011 the Company executed a 133 for 1 forward split of its issued and outstanding Common Stock affected in the form of a stock dividend.  As a result of the forward split, the Company issued 198,000,000 shares to its shareholders of record on March 10, 2011.

 

Preferred Stock