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Organization and Nature of Operations:
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3 Months Ended |
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Aug. 31, 2011
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| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
Organization
and Nature of Operations:
Business
Description Chinseinvestors.com, Inc. (the Company)
was incorporated on June 15, 1999 in the State of California.
The Company is a provider of Chinese language web-based
real-time financial information. The Company’s
operations had been located in California until September
2002 at which time the operations were relocated to Shanghai,
in the People’s Republic of China (PRC).
During
May, 2000, the Company entered into an agreement with MAS
Financial Corp. (“MASF”) whereby MASF agreed to
transfer control of a public shell corporation to the Company
and perform certain consulting services for a fee of
$30,000.
During
June, 2000, the Company completed reorganization with MAS
Acquisition LII Corp. (“MASA”) with no operations
or significant assets. Pursuant to the terms of the
agreement, the Company acquired approximately 96% of the
issued and outstanding common shares of MASA in exchange for
all of its issued and outstanding common stock. MASA issued
8,200,000 shares of its restricted common stock for all of
the issued and outstanding common shares of the Company. This
reorganization was accounted for as though it were a
recapitalization of the Company and sale by the Company of
319,900 shares of common stock in exchange for the net assets
of MASA. In conjunction with the reorganization MASA changed
its name to Chineseinvestors.com, Inc.
The
Company is now incorporated as a C corporation in the State
of Indiana as of June 1, 2004.
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