This MD&A ("Management's Discussion and Analysis of Financial Condition and Plan of Operations") is intended for understanding the historical results of operations during the accounting periods presented in this report and the financial condition. This MD&A should be read in conjunction with the related consolidated financial statements presented in this report and the accompanying notes to consolidated financial statements and contains forward-looking statements that involve risks and uncertainties. The actual results could differ materially from what is anticipated in these forward-looking statements. All forward-looking statements speak only as of the date on which they are made. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they are made.
Forward-looking statements can be identified by the use of words such as "expects," "anticipates," "plans," "will," "should," "could," "forecasts," "projects," "intends," "estimates," and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address our growth strategy, financial results and product and development programs. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed, and actual future results may vary materially.
Forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors" and the risks set out below, any of which may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These risks include, by way of example and not in limitation:
• The uncertainty of profitability; • High volatility in the value attributable to our business model and assets; • Rapid change in the regulatory and legal environment in which we operate with many unknown future challenges to operating our business in a lawful manner or which will require our business or the businesses in which we invest to be subjected to added costs and/or uncertainty regarding the ability to operate; • Risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; and • Other risks and uncertainties related to our business plan and business strategy. 15 Table of Contents
This list is not an exhaustive list of the factors that may affect any of our forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on our forward-looking statements. Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made, and we undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as may be required under applicable law. We cannot guarantee future results, levels of activity, performance or achievements.
Results of Operations during the 9 months ended
There was no revenue during this period
Expenses during the current quarter are
The net loss for the current quarter is
Liquidity and Capital Resources
During the previous year, the new management completed the formalities and
started with a new bank account. At the end of the previous year, the Company
identified three special purpose entities engaged in the land development and
construction of multi-family homes and signed up the MOU. In
Cash Flow from Operating Activities
Net cash used in operations for the current quarter is
Cash Flow from Investing Activities
Net cash used by investing activities for the current quarter is
Cash Flow from Financing Activities
Net cash provided by financing activities for the current quarter is
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Off-balance sheet arrangements
The company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company's financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.
The term "off-balance sheet arrangement" generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.
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