XML 27 R14.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Subsequent Events
3 Months Ended
Oct. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events

NOTE 8 - SUBSEQUENT EVENTS

 

On November 8, 2019, 178,000,000 shares of Series A Convertible Preferred stock were converted to 4,272,000,000 shares of common stock.

 

On November 13, 2019, the CEO Carmine T. Biscardi entered into a share purchase agreement with Lord Global Company and Joseph Cellura to sell 322,000,000 shares of Preferred Series A Convertible stock and 4,500,820,000 shares of common stock. This agreement transferred controlling interest of both the Preferred Series A (100% issued and outstanding) and common stock (51.16% issued and outstanding) to these parties, effective November 27, 2019.

 

On December 13, 2019, the Company by vote of majority shareholders and unanimous consent of the Board, approved a 100,000 to 1 reverse stock split. On December 16, 2019, the Company filed with the State of Nevada a Certificate of Change registering the 100,000 to 1 reverse stock split for each class of stock. The reverse stock split has not yet been approved by FINRA.

 

On December 27, 2019, the Company designated two new classes of preferred stock: Series F Convertible Preferred with 40,000,000 shares authorized at $0.001 par value and Series T Convertible Preferred with 37,500,000 shares authorized at $0.001 par value. No shares of either class of new preferred stock were issued at the time of this filing.