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STOCKHOLDERS' EQUITY
6 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
NOTE 9 - STOCKHOLDERS' EQUITY

Preferred Stock

 

Pursuant to an Employment Agreement (the "Agreement") with the Chief Executive Officer on November 15, 2013, The Company issued 1,000,000 undesignated shares of Preferred Stock each having a par value of $0.00001. The preferred shares shall be entitled to 100 votes to every one share of common stock. The Preferred Shares shall only valid during the term of this Agreement. At the end of the Agreement, November 15, 2016, the shares shall be cancelled and returned to Treasury and the Executive shall have no preferential voting rights. If this Agreement is renewed the preferred shares remain with the Executives.

 

Common Stock

 

No changes to the common stock for the six months ended December 31, 2017.