Note 6 - Stockholder's Equity

12 Months Ended

Apr. 30, 2016

Notes

Note 6 - Stockholder's Equity

NOTE 6 – Stockholder's Equity

As of April 30, 2016 and 2015, there were 40,525,595 and 18,295,000 shares of common stock outstanding, respectively. As of April 30, 2016 and 2015 there were 1,000,000 and 0 shares of Series A Preferred Stock outstanding, respectively.

On January 19, 2016, we amended our Articles of Incorporation to increase our authorized common stock from 50,000,000 shares to 250,000,000 shares and authorized the creation of 1,000,000 shares of Series A preferred stock with each share being entitled to 200,000 (i.e., 200:1) votes per share and with no right of conversion into shares of common stock.

During the year ended April 30, 2016, the Company issued preferred stock and common stock as follows:

·         10,095 shares of common stock were issued in exchange for services valued at the close price of our stock resulting in stock compensation expense of $14,500.

·         31,912 shares of common stock were issued in connection with RDW Note 3 and valued at $18,000 as stated in the related agreements.

·         450,000 shares of common stock were issued for cash of $0.10 per share resulting in the Company receiving $45,000.  

·         1,000,000 shares of non-convertible Series A Preferred Stock to Paul Feldman, CEO, which entitle him to 200,000 votes per share or an aggregate of 200,000,000 votes on all matters submitted to our common stockholders. We valued the 1,000 Series A shares at $0.0001 per share or an aggregate of $1,000.

·         21,738,588 shares of common stock were issued upon the conversion of $618,708 of convertible note principal and interest. 

During the year ended April 30, 2015, the Company issued common stock as follows:

• 100,000 shares were issued for cash of $0.50 per share resulting in the Company receiving $50,000.
• 50,000 shares for cash of $0.10 per share and received $5,000. 
• On February 2, 2015, Paul Feldman, CEO, purchased 10,000,000 shares of our common stock for $0.0001 per share or an aggregate of $1,000 from our former president.