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Preferred Stock - Series A
9 Months Ended
Oct. 31, 2014
Preferred Stock - Series  
Preferred Stock - Series A

NOTE 7 - PREFERRED STOCK - SERIES A

 

On July 11, 2014, the Company filed an Amendment to Certificate of Designation with the State of Nevada to amend the designation of the blank check preferred stock to include 20,000 authorized shares of preferred stock – series A, with each share entitling the holder to 25,000 votes on all matters submitted to a vote of the stockholders.

 

On October 28, 2014, the Company issued 20,000 shares of preferred stock – series A with a fair value of $86,000 to Cortland Communications LLC, in exchange for the conversion of related party debt. The Company recorded $19,452 in debt converted held in interest and notes and $66,548 as a loss on the conversion of related party debt.

 

As of October 31, 2014, Affinity Mediaworks Corp. has a 20,000 shares of preferred stock – series A issued and outstanding.