Annual report pursuant to Section 13 and 15(d)

Capital Stock

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Capital Stock
12 Months Ended
Oct. 31, 2019
Equity [Abstract]  
Capital Stock

NOTE 6 – CAPITAL STOCK

 

Common Stock

 

On January 29, 2018, the Company issued 1,125,950 shares to two investors pursuant to the terms of a private placement for a total purchase price of $4,954,180.

 

On February 5, 2018, the Company issued to one of its directors pursuant to the terms of the private placement 75,000 shares for a purchase price of $345,750.

 

On February 12, 2018, the Company issued 2,777 shares to one investor pursuant to their pre-emption rights under the terms of the private placement effected on or around January 29, 2018 for a purchase price of $12,802.

 

On February 22, 2018 and March 6, 2018, the Company issued a total of 12,500 shares to two individuals for services rendered. These were valued at $57,250.

 

On April 19, 2018 the Company issued 63,068 shares of common stock to a former officer pursuant to the terms of a settlement entered into on or around January 14, 2011. These were valued at $277,499.

 

On August 12, 2018, the Company issued 25,000 shares of common stock to consultants for services rendered. These were valued $113,750.

 

On October 31, 2018 the Company issued 200,000 shares of common stock to the holders of the Series C Preferred Stock for a value of $1,000,000 pursuant to the terms of Certificate of Designation for the Series C Preferred Stock issued and outstanding which provided for a conversion price of $5.00 per share.

 

On November 16, 2018, the Company issued 23,965 shares to one investor pursuant to their pre-emption rights under the terms of the private placement effected on or around January 29, 2018 for a purchase price of $105,446.

 

On February 3, 2019, the Company issued a total of 7,143 shares to one of its directors for services rendered. These were valued at $42,289.

 

On June 24, 2019, the Company issued 20,000 shares of common stock to consultants for services rendered. These were valued at $291,800.

 

On September 16, 2019, the Company issued 25,000 shares of common stock pursuant to the terms of the Company’s Stock Incentive Plan 2017 to a director of one of our foreign subsidiaries for services rendered. These were valued at $260,500.

 

On September 16, 2019, the Company issued a total of 5,357 shares of common stock pursuant to the terms of the Company’s Stock Incentive Plan 2017 to one of its employees for services rendered. These were valued at $55,820.

  

Preferred Stock

 

Series A and Series C Preferred Stock

 

The Company is also authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. We have designated 50,000 preferred shares as Series A preferred stock and 50,000 preferred shares as Series C preferred stock. The remaining 4,900,000 shares of preferred stock are not designated.

 

On or around October 31, 2018, the holders of the Series C Preferred Stock referred to in the preceding paragraph, elected to convert all 1,000 units of Series C Preferred Stock into the Company’s Common Stock.

 

As of October 31, 2019, there are no Series A or Series C Preferred Stock issued or outstanding.