1160164--12/15/2010--Biomass_Secure_Power_Inc

related topics
{stock, price, share}
{cost, operation, labor}
{control, financial, internal}
{interest, director, officer}
{financial, litigation, operation}
{customer, product, revenue}
{condition, economic, financial}
As at December 13, 2010, our stock has been cease traded in British Columbia. As at December 13, 2010, we are non-compliant with FINRA Rule 6530 and, as a result, our company has been delisted from the OTC Bulletin Board. We anticipate that we will be unable to prepare reliable and accurate financial statements because of insufficient documents and available information for our fiscal years ended 2006 and 2007. The fact that we have not earned any operating revenues since we switched the focus of our company to our current business plan raises substantial doubt about our ability to continue as a going concern. Various lawsuits have been filed against us. We have no prior experience in manufacturing and operating a large torrefied wood pellet plant. We have no operating history relating to our current business plan. We anticipate that we will depend on a limited number of customers for a high percentage of our revenue. We will be dependent on the price of torrefied wood pellets. Economic conditions may adversely affect our business. If we issue additional shares in the future, it will result in the dilution of our existing shareholders. Trading of our stock is restricted by the Securities Exchange Commission's penny stock regulations, which may limit a stockholder's ability to buy and sell our common stock. FINRA sales practice requirements may also limit a stockholder's ability to buy and sell our stock. Our common stock is illiquid and the price of our common stock may be negatively impacted by factors which are unrelated to our operations.

Full 10-K form ▸
related documents
1104672--4/11/2008--MONTANA_MINING_CORP
919567--9/22/2006--RENAISSANCE_CAPITAL_GROWTH_&_INCOME_FUND_III_INC
1036968--3/29/2010--VAXGEN_INC
1036478--4/10/2008--WWA_GROUP_INC
1032863--4/13/2006--FORCE_PROTECTION_INC
1078383--3/13/2008--IPARTY_CORP
1413754--7/14/2009--Swav_Enterprises_Ltd.
1094816--7/6/2010--VOICE_MOBILITY_INTERNATIONAL_INC
1438672--9/7/2010--Orofino_Gold_Corp
1378706--3/18/2008--AMERICAN_DG_ENERGY_INC
1046788--3/31/2010--HARRIS_PREFERRED_CAPITAL_CORP
1046788--3/31/2009--HARRIS_PREFERRED_CAPITAL_CORP
833845--3/23/2007--BOOTS_&_COOTS_INTERNATIONAL_WELL_CONTROL_INC
1103345--3/16/2009--BEACON_POWER_CORP
1115975--4/15/2010--SILVERGRAPH_INTERNATIONAL_INC
1011733--4/15/2009--TRIMOL_GROUP_INC
1372507--4/15/2009--RAVEN_BIOFUELS_INTERNATIONAL_CORP
1046788--3/29/2007--HARRIS_PREFERRED_CAPITAL_CORP
1378706--3/20/2009--AMERICAN_DG_ENERGY_INC
1332445--8/31/2009--Keewatin_Windpower_Corp.
1091356--3/31/2008--SEAENA_INC.
1014343--3/31/2008--Organic_To_Go_Food_CORP
724910--5/25/2007--NVE_CORP_/NEW/
842640--3/16/2006--FEDERAL_TRUST_CORP
1408956--7/14/2010--SGB_International_Holdings_Inc.
1408956--7/14/2009--SGB_International_Holdings_Inc.
793986--6/15/2010--CITY_CAPITAL_CORP
1115975--6/12/2009--SILVERGRAPH_INTERNATIONAL_INC
1393548--12/14/2010--Mine_Clearing_Corp.
1080001--1/15/2009--NEWTECH_RESOURCES_LTD