(Total Views: 1114)
Posted On: 01/05/2018 7:22:11 AM
Post# of 2199
Share Structure
Market Value1 $273,798 a/o Jan 04, 2018
Authorized Shares 1,050,000,000 a/o Oct 25, 2017
Outstanding Shares 456,329,624 a/o Dec 27, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 256,329,624 a/o Dec 27, 2017
Par Value Not Available
Transfer Agent(s)
Securities Transfer Corporation
as of the NOV 2017 Q
NOTE 2 - GOING CONCERN
The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has had minimal revenue and has an accumulated a deficit of $1,941,913 as of August 31, 2017
We currently have minimal cash reserves. To date, the Company has covered operating deficits primarily through loans from the sole director, and third-party loans which if not paid with interest are convertible to the Company’s common stock. Accordingly, our ability to pursue our plan of operations is contingent on our being able to obtain funding for the development, marketing and commercialization of our products and services. However, as a result of its lack of operating success, the Company may not be able to raise additional funding to cover operating deficits.
what does this mean? DILUTION
Market Value1 $273,798 a/o Jan 04, 2018
Authorized Shares 1,050,000,000 a/o Oct 25, 2017
Outstanding Shares 456,329,624 a/o Dec 27, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 256,329,624 a/o Dec 27, 2017
Par Value Not Available
Transfer Agent(s)
Securities Transfer Corporation
as of the NOV 2017 Q
NOTE 2 - GOING CONCERN
The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has had minimal revenue and has an accumulated a deficit of $1,941,913 as of August 31, 2017
We currently have minimal cash reserves. To date, the Company has covered operating deficits primarily through loans from the sole director, and third-party loans which if not paid with interest are convertible to the Company’s common stock. Accordingly, our ability to pursue our plan of operations is contingent on our being able to obtain funding for the development, marketing and commercialization of our products and services. However, as a result of its lack of operating success, the Company may not be able to raise additional funding to cover operating deficits.
what does this mean? DILUTION
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