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CAPITAL STRUCTURE
 6 Months Ended
Jan. 31, 2012
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 3 – CAPITAL STRUCTURE

 

Common Stock

The Company is authorized to issue 200 million common shares. At July 31, 2011, we had 24,514,282 common shares issued and outstanding.

 

During the six months ended January 31, 2012, we issued 100,000 shares to a law firm for one year of legal services pertaining to our Exchange Act filings. We valued the shares at the closing price on the grant date and charged general and administrative expenses with $$60,000.

 

Also during the six months ended January 31, 2012, we issued 23,500 shares for $14,100 in cash.

 

On August 18, 2011, we entered into an agreement with a consulting firm to propose investment opportunities in the area of distressed residential and commercial real estate. We obligated the Company to issue 46,500 shares of common stock. We valued the shares at the fair value on the grant date and charged general and administrative expense with $27,900. The shares were issued on December 8, 2011.

  

Preferred Stock

The Company is authorized to issue 100 million shares of preferred stock which has preferential liquidation rights over common stock and is non-voting. As of January 31, 2012, no shares have been issued.

 

Potentially Dilutive Securities

No options, warrants or other potentially dilutive securities have been issued as of January 31, 2012.