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8. Equity
9 Months Ended
Jan. 31, 2020
Notes  
8. Equity

NOTE – 8: EQUITY

 

Common Stock

 

During the nine months ended January 31, 2019 the Company issued 461,425 shares of common stock with a value of $154,856 for service.

 

During the nine month period ended January 31, 2019, the Company issued 474,062 shares of its common stock in the conversion of debt of $52,278.

 

On May 10, 2019 the Company issued 150,000 shares of common stock to First Fire Financial as part of a debt settlement with a value of $37,501.

 

On May 20, 2019 the Company approved the  issuance of 2,831,350 shares of its common stock for the conversion of 283,135 for Series A preferred with a value of $28. As of January 31, 2020 the Common shares had not been issued and the conversion was not completed.

 

During the nine months ended January 31, 2020 the Company issued 2,642,860 shares of common stock with a value of $183,002 for debt.

 

During the nine months ended January 31, 2020 the Company issued 386,091 shares of common stock with a value of $90,245 for accounts payable.

 

During the nine month period ended January 31, 2020, the Company issued 798,200 shares of its common stock for service with a value of $166,779.

 

During the nine month period ended January 31, 2020, the Company cancelled 408,333 shares of its common stock for service with a value of $96,517. The shares were cancelled as they had been authorized by the Company but never issued by the transfer agent thus the Company elected to cancel the shares. The cancellation resulted in a gain on cancellation of shares of $96,517.

 

Preferred Stock

 

The Company has 20,000,000 shares of $0.0001 par value preferred stock authorized and has designated Series A and Series B preferred stock.  Each share of the Series A preferred stock is convertible into ten common shares and carries voting rights on the basis of 100 votes per share.  Each share of the Series B preferred stock is convertible into ten common shares and carries no voting rights.

 

On May 20, 2019 the Company approved the  issuance of 2,831,350 shares of its common stock for the conversion of 283,135 for Series A preferred with a value of $28. As of January 31, 2020 the Common shares had not been issued and the conversion was not completed.

 

As of January 31, 2020 the Company had 2,925,369 Series A and 520,000 Series B preferred share issued and outstanding.