Reverse Stock Split
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6 Months Ended |
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Nov. 30, 2014
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Reverse Stock Split |
Note 7 – Reverse Stock Split Effective December 1, 2014, the Company effected a reverse stock split of the Company’s issued and outstanding common stock at a ratio of 1-for-0.625, wherein 0.625 shares of common stock were issued to the Company’s stockholders who owned the common stock on December 1, 2014, the record date for the reverse stock split, in exchange for each share of common stock issued and outstanding. As a result of the reverse stock split, 11,250,000 shares of common stock were outstanding as of December 1, 2014. The reverse stock split did not affect the number of authorized shares of the Company’s common stock. All share and per share information contained in the financial statements has been retroactively adjusted to reflect the reverse stock split.
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