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| related topics |
| {stock, price, share} |
| {acquisition, growth, future} |
| {regulation, change, law} |
| {interest, director, officer} |
| {tax, income, asset} |
| {control, financial, internal} |
| {personnel, key, retain} |
| {debt, indebtedness, cash} |
| {gas, price, oil} |
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Risks Related to Our Business
We have extremely limited assets and no source of revenue.
We face a number of risks associated with potential acquisitions, including the possibility that we may incur substantial debt which could adversely affect our financial condition.
Future success is highly dependent on the ability of management to locate and attract a suitable acquisition.
Management intends to devote only a limited amount of time to seeking a target company which may adversely impact our ability to identify a suitable acquisition candidate.
There can be no assurance that we will successfully consummate a business combination.
The terms for any future business combination that involve related parties or affiliates may not be on terms that are comparable to what could be obtained from unaffiliated third parties.
We may face adverse tax consequences.
Reporting requirements under the Exchange Act and compliance with the Sarbanes-Oxley Act of 2002, including establishing and maintaining acceptable internal controls over financial reporting, are costly.
The time and cost of preparing a private company to become a public reporting company may preclude us from entering into a merger or acquisition with the most attractive private companies.
Any potential acquisition or merger with a foreign company may subject us to additional risks.
We will need to raise additional capital.
Risks Related to Our Stockholders and Shares of Common Stock
We have never paid dividends on our common stock.
We cannot assure you that following a business combination with an operating business, our common stock will be listed on any other securities exchange.
It is likely that our common stock will be considered penny stock, which may make it more difficult for investors to sell their shares due to suitability requirements.
We expect to issue more shares in a merger or acquisition, which will result in substantial dilution
Full 10-K form ▸
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