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Equity
3 Months Ended
Dec. 31, 2012
Equity [Abstract]  
Equity

NOTE 4 – Equity

 

Authorized Stock:

 

As of December 31, 2012, there were authorized 500,000,000 shares of common stock, par value $0.001 per share and 25,000,000 shares of preferred stock, par value $0.001 per share.  Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholder of the corporation is sought.

 

On December 8, 2008, a reverse split of 1 for 200 was effectuated.

 

Share Issuance:

 

On November 1, 2010, the Company issued 500,000 shares of common stock. The shares were issued upon the conversion of the $25,000 convertible note. Although the note had a stated conversion rate per share of $0.005, the note was settled at a conversion rate of $0.05 per share, or 500,000 shares.

 

Outstanding Options and Warrants:

 

None