GREEN ENERGY RENEWABLE SOLUTIONS, INC. - FORM 10-K/A - XML - IDEA: XBRL DOCUMENT - April 19, 2012



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EX-32.1 - EXHIBIT 32.1 - GREEN ENERGY RENEWABLE SOLUTIONS, INC.v309875_ex32-1.htm
EX-31.1 - EXHIBIT 31.1 - GREEN ENERGY RENEWABLE SOLUTIONS, INC.v309875_ex31-1.htm
10-K/A - FORM 10-K/A - GREEN ENERGY RENEWABLE SOLUTIONS, INC.v309875_10ka.htm
v2.4.0.6
Common Stock
12 Months Ended
Dec. 31, 2011
Common Stock

Note 8 – Common Stock 

 

Change in Par Value

 

On March 25, 2011, Green Energy Renewable Solutions (the “Company”) sent to the Division of Corporations, Amendment Section, Florida Secretary of State an Amendment specifying the following:  “This Corporation is authorized to issue one hundred and fifty million (150,000,000) shares, designated as “Common Stock” and five million (5,000,000) shares designated as “Preferred Stock,” both shall have $0.001 par value.   The only change to the Articles of Incorporation consisted of adding a par value of $0.001 when previously the par value was $0. The change in par value has been retroactively reflected in the accompanying financial statements.

 

Reverse Split

 

On October 4, 2011 the Board of Directors approved a 5 to 1 reverse stock split of its issued and outstanding common stock. The stock split has been retroactively applied to these financial statements resulting in a decrease in the number of shares outstanding and a decrease in the par value of common stock with a corresponding increase in additional paid-in capital. The reverse stock split was approved by FINRA on January 26, 2012 and all share amounts included in these financial statements have been retroactively restated to reflect this reverse stock split.

 

Other Stock Issues

 

On May 25, 2010, the Company issued 2,000,000 of newly authorized and issued common stock for the acquisition of 100% of the outstanding stock of Media and Technology Solutions, Inc. in accordance with the stock purchase agreement with the shareholders. Blue Atelier, Inc. was at the time of the acquisition, the 95% shareholder of Media and Technology Solutions, Inc.

 

On February 01, 2010 Media and Technology issued 1,900,000 shares of newly authorized and issued common stock for $950 cash and 100,000 shares of newly authorized and issued common stock for services of $50.

 

On July 08, 2010, the Company issued 2,000 of newly authorized and issued common stock for services of $150.

 

On October 04, 2011, the Company issued 600,000 shares of newly authorized and issued common stock for $150,000 cash.

The number of shares issues referred to in Note 8 here show the retroactive application of stock splits.

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