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EQUITY TRANSACTIONS
9 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
NOTE 4 - EQUITY TRANSACTIONS

On September 19, 2016, the shareholders of Company approved an increase to the number of authorized shares from 256,000,000 shares to 500,000,000 shares of common stock and added 25,000,000 shares of (“blank check”) preferred stock, par value $0.001 per share.

 

On February 14, 2017, the Company received final approval for a 1-for-70 reverse stock split of its common stock. Immediately after effecting the subject 1-for-70 reverse stock split, the Company had 4,400,000 shares of common stock issued and outstanding and -0- shares of preferred stock issued and outstanding. The authorized shares did not change in connection with the split and will remain at 500,000,000 shares of common stock and 25,000,000 shares of (“blank check”) preferred stock.

 

On January 15, 2019, a consultant was granted 50,000 unregistered shares of the Company’s common stock for various services to the Company. The shares were valued at $50,500 or $0.51 per share. As of March 31, 2019, the shares have not been issued to the consultant.

 

As of March 31, 2019, there are 500,000,000 shares of common stock at par value of $0.001 per share authorized and 4,400,000 issued and outstanding and 25,000,000 shares of (“blank check”) preferred stock, par value $0.001 per share authorized and -0- shares issued and outstanding.