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CAPITAL STRUCTURE
 9 Months Ended
Apr. 30, 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 nine months ended April 30, 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 nine months ended April 30, 2012, we issued 23,500 shares for $14,100 in cash and 25,000 shares for $10,000 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 issued 46,500 shares of common stock, valuing them at the fair value at the grant date. We charged general and administrative expense with $27,900.

 

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 April 30, 2012, no shares have been issued.

 

Potentially Dilutive Securities

No options, warrants or other potentially dilutive securities have been issued as of April 30, 2012.