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SUBSEQUENT EVENTS
6 Months Ended
May. 31, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 7 – SUBSEQUENT EVENTS

 

On June 30, 2015, the sole member of the Company’s Board of Directors declared a 1.185763-for-1 forward stock split of the Company’s outstanding Common Stock, in the form of a dividend (the “Stock Split”). In connection therewith, each holder of the Company’s Common Stock as of July 6, 2015, the record date, received 0.185763 additional shares of our Common Stock for each one share owned, rounded up to the nearest whole share. Additional shares issued as a result of the stock split were distributed on the payment date, which was July 7, 2015.

 

Stockholders who sell their Common Stock before the ex-dividend date will be selling away their right to the stock dividend. Such sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of the shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. The day stockholders can sell their shares without being obligated to deliver the additional dividend shares is the ex-dividend date, the first business day after the stock dividend payment date. As of the ex-dividend date, our Common Stock will trade on a post-split adjusted basis.

 

In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to May 31, 2015 to the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.