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related topics |
{stock, price, share} |
{acquisition, growth, future} |
{capital, credit, financial} |
{product, market, service} |
{interest, director, officer} |
{control, financial, internal} |
{property, intellectual, protect} |
{personnel, key, retain} |
{stock, price, operating} |
{product, candidate, development} |
{provision, law, control} |
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Risks Relating to our Company
Our independent auditor has issued an audit opinion which includes a statement describing our going concern status. Our financial status creates a doubt whether we will continue as a going concern.
We have not operated profitably and have a limited operating history that you can use to evaluate us; therefore, we may not survive if we meet some of the problems, expenses, difficulties, complications and delays frequently encountered by a company in the early stages of shifting its business activities.
We may change our business plan.
We require additional funds to achieve our current business strategy and our inability to obtain additional financing would inhibit our ability to expand or even maintain our business operations.
We currently have outstanding debt that is convertible into shares of our common stock at below market pricing resulting in significant dilution to our current stockholders.
We rely heavily on our management, and the loss of their services could materially and adversely affect our business.
The Company may not be able to develop its customer base and sustain market acceptance of its products and services
As at the end of the fiscal year ended May 31, 2010, we will be required to provide an auditor s attestation on the effectiveness of our internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002-- any adverse results from such attestation could result in a loss of investor confidence in our financial reports and have an adverse effect on the price of our shares of common stock.
Recent market events and conditions, including disruptions in the U.S. and international credit markets and other financial systems and the deterioration of the U.S. and global economic conditions, could, among other things, impede access to capital or increase the cost of capital, which would have an adverse effect on our ability to fund our working capital and other capital requirements.
The Company s operating results may vary and may not support ongoing development of the business
Unanticipated Obstacles to Execution of the Business Plan
Our success in the future may depend on our ability to establish and maintain strategic alliances, and any failure on our part to establish and maintain such relationships would adversely affect our market penetration and revenue growth.
No Assurances of Protection for Proprietary Rights; Reliance on Trade Secrets
Risks Related to Our Common Shares
The trading market for our common stock is limited.
The market price of our common stock may fluctuate significantly.
Our stock is a penny stock. Trading of our stock may be restricted by the SEC s penny stock regulations, which may limit a stockholder s ability to buy and sell our stock.
FINRA sales practice requirements may also limit a stockholder s ability to buy and sell our stock.
Full 10-K form ▸
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