Question
Louis and Shannon are organizing Red Lodge Metals Unlimited Inc. to undertake a high-risk gold-mining venture in Canada. Louis and Shannon tentatively plan to request
Louis and Shannon are organizing Red Lodge Metals Unlimited Inc. to undertake a high-risk gold-mining venture in Canada. Louis and Shannon tentatively plan to request authorization for 400,000,000 shares of common stock to be sold to the general public. Louis and Shannon have decided to establish par of $0.03 per share in order to appeal to a wide variety of potential investors. Louis and Shannon feel that investors would be more willing to invest in the company if they received a large quantity of shares for what might appear to be a "bargain" price.
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