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| related topics |
| {stock, price, share} |
| {gas, price, oil} |
| {control, financial, internal} |
| {interest, director, officer} |
| {personnel, key, retain} |
| {acquisition, growth, future} |
| {customer, product, revenue} |
|
|
We have had negative cash flows from operations and if we are not able to obtain further financing, our business operations may fail.
We currently do not generate revenues, and as a result, we face a high risk of business failure.
The worldwide macroeconomic downturn may reduce the ability of our company to obtain the financing necessary to continue our business and may reduce the number of viable businesses that we may wish to acquire.
In our management s report on internal controls over financial reporting, we have identified a number of material weaknesses related to our internal control over financial reporting and concluded that our internal controls over financial reporting and disclosure controls and procedures were ineffective as of December 31, 2009. These material weaknesses remain unremedied, which could continue to impact our ability to report results of operations and financial condition accurately and in a timely manner.
If we are unable to hire and retain key personnel, we may not be able to implement our plan of operation and our business may fail.
Our directors and sole officer are engaged in other business activities and accordingly may not devote sufficient time to our business affairs, which may affect our ability to conduct operations and generate revenues.
Our common stock is illiquid and shareholders may be unable to sell their shares.
Penny stock rules will limit the ability of our stockholders to sell their stock.
The Financial Industry Regulatory Authority, or FINRA, has adopted sales practice requirements which may also limit a shareholder s ability to buy and sell our stock.
Full 10-K form ▸
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