MeeMee Media Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - March 7, 2012
|
NOTE 4. STOCKHOLDERS' EQUITY
|
3 Months Ended |
|---|---|
|
Jan. 31, 2012
|
|
| Stockholders' Equity Note Disclosure [Text Block] |
NOTE
4.
STOCKHOLDERS’
EQUITY
Common
Stock
In
May 2006, the Company issued 50,000 shares of its $0.001 par
value common stock pursuant to a regulation 504
offering.
On
September 30, 2006, the Company issued 6,000,000 shares of
its $0.001 par value common stock pursuant to a regulation
506 offering.
In
May 2007, the Company issued 15,000,000 shares of its $0.001
par value common stock pursuant to a regulation 506
offering.
During
the fiscal year ending July 31, 2009, the Company’s
former corporate counsel agreed to prepare, write, Edgarize
and provide legal opinion for the Company’s interim
reports and Form 10-K filing, which the law firm valued at
$10,000. The law firm decided to contribute this capital
based on its recommendation that the Company engage the
services of an auditor, who had his licensed revoked and was
not able to complete the Company’s audit for the past
fiscal year. Based on this decision, the Company needed to
engage a new auditor.
On
December 7, 2009, the Company issued 18,000,000 shares of its
common stock at $0.004 per share for $70,000 cash.
On
December 8, 2009, the Company paid two shareholders $30,000
for the return and cancellation of their 15,000,000 shares of
common stock.
On
March 22, 2010, one of our former officers and former
directors returned 9,000,000 shares of our common stock in
the belief that it was in our best interest and in the
interest of other shareholders to do so because the
cancellation of these shares would increase the shareholder
value of the common stock. No compensation was
paid to the former officer and former director for the
cancellation of her shares, and a $9,000 adjustment was made
to additional paid-in capital on the Company’s balance
sheet.
On
July 24, 2010 the Company repurchased 9,000,000 common shares
from a former officer and director of the
Company. The shares were repurchased at the value
of $0.0006 per share for $5,000 cash.
On
July 24, 2010, the Company issued 9,000,000 shares of its
common stock at $0.0006 per share for $5,000 cash.
During
the fiscal year ending July 31, 2011, the Company’s
former corporate counsel agreed to settle $2,000 against the
final balance owing to the law firm. This amount
is being recorded as contributed capital.
On
December 8 2011, the Company issued 400,000 shares of its
common stock at $0.25 per share for $100,000 cash.
On
January 12, 2012, the Company issued 200,000 shares of its
common stock at $0.25 per share for $50,000 cash.
There
have been no other issuances of common stock.
|
User Contributions:
Comment about this document or add new information about this topic:
This web site and associated pages are not associated with, endorsed by, or sponsored by MeeMee Media Inc. and has no official or unofficial affiliation with MeeMee Media Inc.
Based on public records. Inadvertent errors are possible.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
This website is not associated with the SEC
Some parts © 2013 Advameg, Inc.
