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Stockholders' Deficit
9 Months Ended
Jan. 31, 2020
Equity [Abstract]  
STOCKHOLDERS' DEFICIT

NOTE 2 – STOCKHOLDERS' DEFICIT

 

Change of Control

 

On June 22, 2018, the Company entered into a Stock Purchase Agreement (the "SPA") with a third party (the "Purchaser") and certain selling stockholders, including the Company's controlling stockholders (all of the selling stockholders, collectively, the "Sellers"). Pursuant to the SPA, the Purchaser acquired approximately 98.75% of the Company's issued and outstanding common stock (the "Shares") for a cash consideration of $325,000.

 

Special Dividend

 

As a condition to the SPA discussed above, the Company issued a cash dividend of substantially all of its cash, less a reserve to discharge any remaining liabilities of the Company. The dividend was paid based on an average rate of $0.024760 per share for an aggregate of $181,996.