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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2011
SUBSEQUENT EVENTS 
SUBSEQUENT EVENTS

NOTE E – SUBSEQUENT EVENTS

 

On October 26, 2011, the Company executed a letter agreement engaging Turner, Stone & Company, L.L.P. (“Turner Stone”) as its independent registered public accounting firm, and terminated the engagement of its former independent registered public accounting firm, Rosenberg Rich Baker Berman & Company (“RRBB”) for geographic convenience.

 

On November 3, 2011, the Company filed Articles of Amendment (the “Amendment”) to its Articles of Incorporation that become effective on November 20, 2011, changing the name of the Company to “Bonamour, Inc.” and revising the terms upon which the Board of Directors may designate a class or series of authorized preferred stock.

 

 In connection with the Amendment, the Board of Driectors also adopted resolutions that will go into effect upon the effective date of the Amendment (November 20, 2011) creating a Series of Preferred Stock designated as Series A Preferred Stock (the "Series A Preferred Stock"). Ten Million (10,000,000) shares of Preferred Stock of the Company will be designated as Series A Preferred Stock . The holders of shares of Series A Preferred Stock will be entitled to Twenty (20) votes for each share of Series A Preferred Stock held on any matters requiring a stockholder vote of the Company. Shares of Series A Preferred Stock will rank, with respect to dividend rights and rights on liquidation, winding up and dissolution of the Company, pari passu with the Company’s Common Stock.