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OFFON

ALTAIR INTERNATIONAL CORP.

(ATAO)
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ALTAIR INTERNATIONAL : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION (form 10-Q)

08/18/2020 | 09:33am EST

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as "anticipate," "expect," "intend," "plan," "believe," "foresee," "estimate" and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. You should read this report completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.





Our Business


Altair International Corp. ("Altair") is a development stage company that was incorporated in Nevada on December 20, 2012.

The Company is currently engaged in identifying and assessing new business opportunities.

The Company had previously planned to engage in the distribution of oral thin film nutraceutical products. This plan was abandoned in the 2017 fiscal year due to a lack of working capital required to introduce the products to market.



RESULTS OF OPERATIONS


We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from third parties and/or private placements of common stock.No assurance can be given that such funds will be available.




Working Capital



                                    As of June 30, 2020     As of March 31, 2020
       Total Current Assets        $             3,676                    1,815
       Total Current Liabilities                79,371                   55,527
       Working Capital (Deficit)   $           (75,695 )                (53,712 )

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 - - -
Net income 2021 -12,0 M - -
Net Debt 2021 0,27 M - -
P/E ratio 2021 -6,80x
Yield 2021 -
Capitalization 27,2 M 27,2 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 32,8%
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Managers and Directors
Leonard Lovallo President, CEO, CFO, Secretary & Treasurer
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