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EQUITY
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9 Months Ended |
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Jul. 31, 2013
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| Equity [Abstract] | |
| EQUITY |
NOTE 7 - EQUITY
Preferred Stock
The Company has authorized 20,000,000 preferred shares with a par value of $0.001 per share. The Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes. No rights or preferences have been adopted and there are no dividend or liquidation rights.
There were no preferred shares issued and outstanding as of July 31, 2013 and October 31, 2012.
Common Stock
The Company has authorized 100,000,000 common shares with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. Holders have equal ratable rights to dividends from funds legally available and are entitled to share in assets available for distribution upon liquidation. Holders do not have preemptive, subscriptive, conversion or cumulative voting rights, and there are no redemption or sinking find provisions or rights. Holders of common stock have the right to approve any amendment of the Articles of Incorporation, elect directors, approve any plan of merger and approve a plan for the sale, lease or exchange of all of the Company’s assets as proposed by the Board of Directors.
Since March 16, 2011 (Inception) to July 31, 2013, the Company has issued 3,147,500 common shares for $62,900 in cash.
There were 3,147,500 and 2,527,500 common shares issued and outstanding at July 31, 2013 and October 31, 2012, respectively.
The Company has no stock option plan, warrants or other dilutive securities.
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