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Note 4 - Common Stock
3 Months Ended
Apr. 30, 2013
Notes  
Note 4 - Common Stock

NOTE 4 - COMMON STOCK

 

Affinity issued 128,700 shares of common stock (founder's shares) on December 17, 2007 to the President and Director of the Company. In addition, 13,084 shares of common stock were issued to the public on May 15, 2008 for $50,830 and 77,220 shares were returned to the treasury on July 31, 2008.

 

On January 7, 2009, the Company filed an Amendment for 200,000,000 shares to be authorized as Common Stock, with the par value of $0.00001.

 

In 2010 the Company recorded a note receivable for $338,000 and a $270,000 loss on acquisition in exchange for a stock payable of 3,380,000 shares valued at $608,400. The stock was valued based on fair market value on the date of the grant.

 

In 2011 Affinity wrote off the note receivable for $338,000 as a loss on acquisition as the party was not able to pay off the balance of note. As of the Company year end of January 31, 2011, the Company had a $608,400 stock payable related to these transactions.

 

As of the Company year end of January 31, 2011, 244 shares were issued for services for services valued at $26,596 using the closing price of the stock on the date of grant.

 

On July 25, 2012 the company recorded a stock payable for consulting services valued at $1,680,000 using the closing price of the stock on the date of the grant. A Stock Purchase was signed during the change of control that stated that at the Closing, the Buyer shall issue on behalf of the Company 24,000,000 shares in three shares certificates and this was recorded as a Stock Payable valued at $1,680,000. The stock was valued based on fair market value on the date of the grant.

On August 2, 2012, 30,888 shares of common stock were issued in exchange for the Stock Payable:

Robert Thast 9,009

Phillip Brooks 9,009

Yuriy Nesterchuck 12,870

 

On August 20, 2012 the Company filed a Certificate of Amendment with the State of Nevada and reclassified the capital stock as 190,000,000 common stock with a par value of $0.00001 and 10,000,000 blank check preferred stock with a par value of $0.00001.

 

On August 23, 2012, in exchange for the stock payable of $608,400, 4,350 shares of common stock were issued.

 

On September 18, 2012 the Company recorded minutes on a proposed a 1 for 777 reverse stock split. As of the date of this filing the common stock issued and outstanding has been adjusted retroactively back to inception to reflect this change. The Company has not had the reverse stock split approved by FINRA or been provided with a record date as of the date of this filing. As of January 31, 2013 the common stock issued and outstanding has been adjusted retroactively back to inception to reflect a proposed 1 for 777 reverse stock split.

 

As of April 30, 2013, Affinity Mediaworks Corp. has a 190,000,000 shares of common stock authorized at $0.00001 par value per share and 100,046 shares of common stock issued and outstanding.