Management's Plan of Operation.
The following discussion contains forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. From time to time, the Company also may provide forward-looking statements in other materials that we release to the public.
Overview.
The Company's current business objective is to seek a business combination with an operating company. The Company intend to use our limited personnel and financial resources in connection with such activities. We will utilize our capital stock, debt or a combination of capital stock and debt, in effecting a business combination. It may be expected that entering into a business combination will involve the issuance of restricted shares of capital stock. The issuance of additional shares of our capital stock may significantly reduce the equity interest of our shareholders, will likely cause a change in control if a substantial number of our shares of capital stock are issued, and most likely will also result in the resignation or removal of our present officer and director and may adversely affect the prevailing market price for our common stock.
If we issued debt securities, it could result in default and foreclosure on our assets if our operating revenues after a business combination were insufficient to pay our debt obligations, acceleration of our obligations to repay the indebtedness even if we have made all principal and interest payments when due if the debt security contained covenants that required the maintenance of certain financial ratios or reserves and any such covenants were breached without a waiver or renegotiations of such covenants, our immediate payment of all principal and accrued interest, if any, if the debt security was payable on demand, and our inability to obtain additional financing, if necessary, if the debt security contained covenants restricting our ability to obtain additional financing while such security was outstanding.
Going Concern.
The Company's reviewed financial statements for the Three months ended
The Company had not generated any revenues during the period ended
The Company had not generated any revenues during the quarter ended
During the three months ended
Liquidity and Capital Resources.
As of
13
As of
The Company had a negative cash flow from operations of
The Company does not currently engage in any business activities that provide
cash flow. The costs of investigating and analyzing business combinations,
maintaining the filing of Exchange Act reports, the investigation, analyzing,
and consummation of an acquisition for an unlimited period of time will be paid
from additional money lent to the Company by
The Company currently plans to satisfy its cash requirements for the next twelve
months through its cash on hand and borrowings from
During the next twelve months, we anticipate incurring costs related to filing
of Securities Exchange Act of 1934, as amended, reports, franchise fees,
transfer agent fees, registered agent fees, legal fees, accounting fees, and
investigating, analyzing, and consummating an acquisition or business
combination. The Company estimates that these costs will be in the range of ten
to
As of
Off-Balance Sheet Arrangements.
As of
Contractual Obligations and Commitments.
As of
Critical Accounting Policies.
Our significant accounting policies are described in the notes to our financial statements.
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