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| related topics |
| {gas, price, oil} |
| {interest, director, officer} |
| {stock, price, share} |
| {stock, price, operating} |
| {loss, insurance, financial} |
| {cost, operation, labor} |
| {acquisition, growth, future} |
| {personnel, key, retain} |
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If we do not obtain additional financing, our business will fail
Because of the speculative nature of exploration of mining properties, there is substantial risk that our business will fail.
Even if we discover proven reserves of precious metals on a mineral property, we may not be able to successfully commence commercial production.
Because we anticipate that our operating expenses will increase prior to our earning revenues, we may never achieve profitability.
Because of the inherent dangers involved in mineral exploration, there is a risk that we may incur liability or damages as we conduct our business.
If we receive positive results from an exploration program and we decide to pursue commercial production, we may be subject to an environmental review process that may delay or prohibit commercial production.
Because our sole executive officer does not have formal training specific to the technicalities of mineral exploration, there is a higher risk that our business will fail.
We are highly dependent on our senior management. The loss of our sole executive officer could hinder our ability to pursue our stated plan of operation and obtain debt or equity financing, if and when required.
Because our sole executive officer has only agreed to provide his services on a part-time basis, he may not be able or willing to devote a sufficient amount of time to our business operations, which may cause our business to fail.
Because our sole executive officer and sole director owns 42% of our outstanding common stock, investors may find that corporate decisions influenced by Mr. McCullagh are inconsistent with the best interests of other stockholders.
Because our stock is a penny stock, shareholders will be more limited in their ability to sell their stock.
Full 10-K form ▸
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