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NOTE 11. SUBSEQUENT EVENTS
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12 Months Ended |
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Dec. 31, 2012
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| Subsequent Events [Text Block] |
NOTE
11. SUBSEQUENT EVENTS
On
January 31, 2013 Michael D. Smith resigned as an officer
and director and we terminated our agreement with Kingman
Operating Company, Inc.
On
March 13, 2013 John Barton resigned as an officer and
director.
In
March 2013, Michael Smith transferred his 1,600,000 shares
of our common stock, and Kingman Operating Company
transferred its 400,000 shares of our common stock, to us
for nominal consideration. These shares
were returned to treasury and cancelled.
In
March 2013, John Barton and a number of other shareholders
agreed to transfer their 2,000,000 shares of our common
stock, to us for nominal consideration. As
of the date of our filing 361,707 of these shares were
returned to treasury and cancelled.
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