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Note 6 - Stockholders' Equity
3 Months Ended
Mar. 31, 2016
Notes  
Note 6 - Stockholders' Equity

NOTE 6 - STOCKHOLDERS’ EQUITY

 

The Company is authorized to issue an aggregate of 3,000,000,000 common shares with a par value of $0.0001 per share and 1,000,000 shares of preferred stock with a par value of $0.001 per share. No preferred shares have been issued.

 

On March 22, 2016, the Company agreed to issue 50,000,000 shares of common stock valued at $70,000 ($0.0014 per share) to a consultant as stock-based compensation for development, implementation and maintenance of sound business strategies.

 

On March 22, 2016, the Company and Nadav Elituv, the Chief Executive Officer of the Company, agreed to cancel, for no consideration, 153,500,000 shares of common stock of the Company held by Nadav Elituv.

 

From January 1 to March 31, 2016, the Company elected to convert $16,750 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 167,500,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share.