1387341--3/31/2008--Boatatopia

related topics

{stock, price, share}

{interest, director, officer}

{control, financial, internal}

{acquisition, growth, future}

Our auditor s report reflects the fact that without realization of additional capital, it would be unlikely for us to continue as a going concern. We will need additional capital in the future to finance our operations, which we may not be able to raise or it may only be available on terms unfavorable to us or our stockholders, which may result in our inability to fund our working capital requirements and harm our operational results. There is no current public market for our common stock; therefore you may be unable to sell your securities at any time, for any reason, and at any price, resulting in a loss of your investment. Because our common stock is deemed a low-priced Penny stock, an investment in our common stock should be considered high risk and subject to marketability restrictions. FINRA sales practice requirements may also limit a stockholder's ability to buy and sell our stock. Our internal controls may be inadequate, which could cause our financial reporting to be unreliable and lead to misinformation being disseminated to the public.

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