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NOTE 8 - TRADING SECURITIES
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3 Months Ended | ||||||||||||||||||||||||||
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Sep. 30, 2011
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| NOTE 8 - TRADING SECURITIES |
NOTE 8 - Trading Securities
Fair market measurement at March 31, 2012 were computed using quoted prices in an active market for identified assets, (level 1). The shares were obtained as compensation for performing consulting services.
During the three months ended March 31, 2012 the Company sold 100,000 shares of marketable equity securities for a loss of $6,523.
The unrealized loss for the three months ended March 31, 2012 is $19,500 and is included in the Statement of Operations. |
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- Definition
Tabular disclosure of trading securities (and certain trading assets) which consist of all investments in certain debt and equity securities (and other assets) that are bought and held principally for the purpose of selling them in the near term (thus held for only a short period of time) or for which an entity has elected the fair value option. Trading generally reflects active and frequent buying and selling, and trading securities are generally used with the objective of generating profits on short-term differences in price, but this category of investments may also include items which are not intended to be sold in the near term or for which the fair value option has been elected. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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