SIGNIFICANT TRANSACTIONS	6 Months Ended
Jun. 30, 2011
SIGNIFICANT TRANSACTIONS	NOTE 3 – SIGNIFICANT TRANSACTIONS The Board of Directors approved a reverse split of its common stock on a 10 shares for 1 share basis, effective May 17, 2010. The financial statements reflect the reverse stock split. This effectively reduced the number of authorized shares from 6.0 billion shares to 600 million shares. On May 17, 2010, after the reverse split mentioned above, the Board of Directors authorized the increase of authorized shares from 600 million shares to 1.5 billion shares. Earnings Per Share: The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the year ended December 31, 2010, there were no dilutive securities outstanding.

SIGNIFICANT TRANSACTIONS

6 Months Ended

Jun. 30, 2011

NOTE 3 – SIGNIFICANT TRANSACTIONS

The Board of Directors approved a reverse split of its common stock on a 10 shares for 1 share basis, effective May 17, 2010. The financial statements reflect the reverse stock split. This effectively reduced the number of authorized shares from 6.0 billion shares to 600 million shares.

On May 17, 2010, after the reverse split mentioned above, the Board of Directors authorized the increase of authorized shares from 600 million shares to 1.5 billion shares.

Earnings Per Share: The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For the year ended December 31, 2010, there were no dilutive securities outstanding.

PANAMERSA Corp 10-Q