NOTE 7 - SHAREHOLDERS' EQUITY

8 Months Ended

Dec. 31, 2016

Equity [Abstract]

NOTE 7 - SHAREHOLDERS' EQUITY

NOTE 7 - SHAREHOLDERS’ EQUITY

On February 4, 2016, the Company filed a Certificate of Amendment with the Nevada Secretary of State whereby it amended its Articles of Incorporation to increase the Company’s authorized number of shares of common stock from 100 million to 250 million and decrease all of its issued and outstanding shares of common stock at a ratio of one (1) share for every one thousand (1,000) shares held.

All relevant information relating to numbers of shares and per share information have been retroactively adjusted to reflect the reverse stock split for all periods presented.

Preferred Stock

The authorized preferred stock of the Company consists of 10,000,000 shares with a par value of $0.001. The Company has not issued any shares of Class A Convertible Preferred Stock as of December 31, 2016.

Holders are not entitled to pre-emptive or referential rights to subscribe to unissued stock or other securities. Holders do not have cumulative voting rights. Preferred stockholders of Class A Convertible Preferred Stock do not have a right to vote their shares except as determined by the Board of Directors.

Common Stock

The authorized common stock of the Company consists of 250,000,000 shares with a par value of $0.001. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

On June 23, 2016, the Company issued 15,000,000 common shares, 7,500,000 shares each to the company’s officer and board members, for their ongoing service and payment of $25,000 in accrued salaries, for a total value of $307,678.

On February 4, 2016, the Company issued 118 shares of common stock, for adjustment due to the stock split.

As at December 31 2016 and April 30, 2016, there are 15,088,544 and 88,426 shares of common stock issued and outstanding.