Stockholders Equity

12 Months Ended

Dec. 31, 2020

Stockholders Equity

Note 3 - Stockholders' Equity

Note 3 – Stockholders’ Equity

Preferred Shares

The Company has authorized 10,000,000 shares of Convertible Series A Preferred Stock, par value $0.001. The Series A Preferred Stock are convertible into common stock of the Corporation at a conversion rate of one thousand (1,000) shares of common stock and entitled to one thousand (1,000) votes of common stock for each share of Series A Preferred Stock.  The holders of the Convertible Series A Preferred Stock shall not be entitled to receive dividends.

On November 25, 2020, the Company’s board of directors approved issuance of 10,000,000 Convertible Series A Preferred Stock, valued at $100,000, for compensation to our former CEO.

As of December 31, 2020, and 2019, 10,000,000 and 0 shares of Convertible Series A Preferred Stock had been issued and outstanding, respectively. 

Common Shares

The Company has authorized 1,000,000,000 shares of common stock with a par value of $0.001 . Each common stock entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

As of December 31, 2020, and 2019, there were 22,945,388 shares of the Company’s common stock issued and outstanding, respectively.