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NOTE 12 - SUBSEQUENT EVENTS
12 Months Ended
Apr. 30, 2016
Subsequent Events [Abstract]  
NOTE 12 - SUBSEQUENT EVENTS

NOTE 12 - SUBSEQUENT EVENTS

 

Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation no events have occurred requiring adjustment or disclosure to the financial statements.

 

Subsequent to April 30, 2016, the Company issued each 7,500,000 shares of common stock to the company’s officer and board members for their ongoing service and accrued salaries.

 

On December 30, 2016, the Company entered into a Definitive Share Exchange Agreement (the “Agreement”) with James M. Nixon (“Nixon”) and Nixon Restaurant Group, Inc., a Florida corporation (“NRG”) pursuant to which the Company will exchange 12,100,000 shares of its Common Stock, $0.001 par value per share, for 60,500,000 shares of NRG Common Stock, $0.0001 par value per share, which represents all of the issued and outstanding capital stock of NRG. In addition, the Company will issue 500,000 shares of the Company’s preferred stock to Nixon as compensation for completing the transaction. This preferred stock which shall be designated as Series A Preferred Stock shall have no dividend, liquidation, or conversion rights, but will have voting rights of 100,000 votes per share of Series A Preferred Stock, an aggregate equal to 500,000,000 shares of the Company’s Common Stock. The closing of transaction described in the Agreement is subject to several conditions precedent. Following closing of the transaction NRG will operate as wholly owned subsidiary of the Company.