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CONVERTIBLE PREFERRED STOCK
9 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
NOTE 5 - CONVERTIBLE PREFERRED STOCK

The Company has authorized 10,000,000 shares of $0.001 par value per share Preferred Stock, of which 1,345,044 were issued and outstanding as of March 31, 2012.  

 

During the nine months ended March 31, 2012, the Company converted 291,000 shares of Convertible Preferred Stock and accrued dividends of $15,947 into 613,301 shares of Common Stock.