RELATED PARTY TRANSACTIONS |
9 Months Ended |
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Jul. 31, 2024 | |
RELATED PARTY TRANSACTIONS | |
RELATED PARTY TRANSACTIONS | NOTE 5. RELATED PARTY TRANSACTIONS
As of July 31, 2024 and October 31, 2023, $6,744 was owed to Michael Noble, current president of the Company from funds loaned by him to the Company and is non-interest bearing with no specific repayment terms.
As of July 31, 2024 and October 31, 2023, $137,124 and $116,925 was owed to shareholders of the Company from funds loaned by them to the Company and is non-interest bearing with no specific repayment terms. The Company received proceeds of $20,199 nine months ended July 31, 2024 and made no repayments.
The sole officer and director of the Company may, in the future, become involved in other business opportunities as they become available, he may face a conflict in selecting between the Company and his other business opportunities. The Company has not formulated a policy for the resolution on such conflicts. |