XML 33 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENTS
9 Months Ended
Jan. 31, 2013
Investments, Debt and Equity Securities [Abstract]  
INVESTMENTS

NOTE 5 – INVESTMENTS

 

Investment in Documentary

 

On July 29, 2012, the Company acquired a 30% exclusive interest for three years of a documentary on the career of former National Basketball Association star, A.C. Green.

 

The Company paid $7,085 to acquire this interest, of which a deposit of $2,550 was paid as of April 30, 2012 and the remaining $4,535 has been paid as of July 29, 2012.

 

The value of the investment in the films will be determined based on the marketability of these films. We have determined that for the quarter ended January 31, 2013, these films have no value.

 

Investment in Films

 

On October 17, 2012, the Company announced its intention to acquire a 30% ownership in several films from Mike Criscione, the father of an officer and director. The ownership rights are worldwide and cover every media of distribution.