EQUITY |
6 Months Ended |
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Apr. 30, 2025 | |
| EQUITY | |
| EQUITY | NOTE 7 – EQUITY
On July 30, 2015, the Company designated 500,000 shares of the preferred stock as Series B Convertible preferred. The Series B shares have a par value of $0.001 and issue value of $1.00 per share. Series B is convertible by the holder into common stock at $1.32 per share. The Company may, any time at its option, redeem the Series B shares at their stated value. The Series B preferred shares hold a 6% per annum accumulative dividend. During the six months periods ended April 30, 2025 and 2024, the Company recognized but did not pay dividends of $2,905 for the respective quarters. As of April 30, 2025, the total amount of dividends due to the preferred shareholders was $113,295. |
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- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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