Quarterly report pursuant to Section 13 or 15(d)

NOTE 7 - TRADING SECURITIES

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NOTE 7 - TRADING SECURITIES
9 Months Ended
Sep. 30, 2012
Text Block [Abstract]  
NOTE 7 - TRADING SECURITIES

NOTE 7 - Trading Securities

 

Marketable equity securities     Cost       Market value       Unrealized Loss  
    $ 47,500     $ 12,000     $ 35,500  

 

Fair market measurement at September 30, 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 nine months ended September 30, 2012 the Company sold 100,000 shares of marketable equity securities for a loss of $6,523. 

The unrealized loss for the nine months ended September 30, 2012 is $35,500 and is included in the Statement of Operations.