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COMMON STOCK
6 Months Ended
Sep. 30, 2022
COMMON STOCK  
COMMON STOCK

NOTE 8 – COMMON STOCK

 

The Company has 300,000,000 authorized common shares at $0.001 par value.

 

On June 11, 2021, a majority of stockholders of our company and board of directors approved a reverse stock split of our issued and outstanding shares of common stock on a basis of up to eighty (80) old shares for one (1) new share of common stock. The reverse stock split was approved by FINRA and effectuate on August 31, 2021.

 

On September 20, 2021, the Company issued 20,000,000 shares of restricted common stock valued at $140,000,000 based on market stock price to a corporation controlled by the Company’s CEO. (Note 9)

 

On October 11, 2021, the Company issued 1,000,000 shares of common stock for partial repayment for principal amount of $1,000 of a convertible note of $5,454 issued on December 31, 2019.

 

As of September 30, 2022 and March 31, 2022, the issued and outstanding common shares were 21,048,440 shares.