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Equity
 12 Months Ended
Feb. 29, 2012
Equity:  
Schedule of Stock by Class

Note 3 – Capital Structure

 

Common Stock

 

We are authorized to issue up to 495 million shares of common stock.  At February 29, 2012, we have issued 31,073,593 shares, all of which have been treated for accounting purposes as founders’ shares.

 

Preferred Stock

 

We are authorized to issue up to 5 million shares of preferred stock.  At February 29, 2012, none of these shares has been issued and none is outstanding.

 

Potentially Dilutive Securities

 

As is discussed in Note 4, On August 1, 2008, we issued a $65,000 note payable which, at the option of the holder, may be converted to 2 million shares of common stock (equivalent to $0.0325 per share).