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SUBSEQUENT EVENTS
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9 Months Ended |
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Nov. 30, 2011
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| SUBSEQUENT EVENTS |
NOTE 5. SUBSEQUENT EVENTS
On December 12, 2011, the Company issued a convertible note with a
face value totaling $10,000. The Holder shall have the
right, at
its option and simultaneously with the first closing thereof, to
convert all or a portion of the Principal Amount of this Note into
shares of the Company’s Common Stock at the conversion price
of the next equity offering of the Company. The loan bears
interest at an annual rate of 10% percent compounded monthly and
matures on February 12, 2012.
We have evaluated events and transactions that occurred subsequent
to November 30, 2011 through January 5, 2012, the date the
financial statements were issued, for potential recognition or
disclosure in the accompanying financial
statements.
Other than the disclosures above, we did not identify any events or
transactions that should be recognized or disclosed in the
accompanying financial statements.
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