1441082--9/24/2009--Lake_Forest_Minerals_Inc.

related topics
{cost, contract, operation}
{control, financial, internal}
{stock, price, share}
{interest, director, officer}
{stock, price, operating}
{gas, price, oil}
{regulation, change, law}
WE ARE AN EXPLORATION STAGE COMPANY AND HAVE ONLY RECENTLY COMMENCED PHASE I EXPLORATION ACTIVITIES ON OUR CLAIM. WE EXPECT TO INCUR OPERATING LOSSES FOR THE FORESEEABLE FUTURE. BECAUSE MANAGEMENT HAS NO TECHNICAL EXPERIENCE IN MINERAL EXPLORATION, OUR BUSINESS HAS A HIGHER RISK OF FAILURE. OUR INDEPENDENT AUDITOR HAS ISSUED AN AUDIT OPINION FOR LAKE FOREST MINERALS WHICH INCLUDES A STATEMENT DESCRIBING OUR GOING CONCERN STATUS. OUR FINANCIAL STATUS CREATES A DOUBT WHETHER WE WILL CONTINUE AS A GOING CONCERN. THERE IS THE RISK THAT OUR PROPERTY DOES NOT CONTAIN ANY KNOWN BODIES OF GOLD OR COPPER RESULTING IN ANY FUNDS SPENT ON EXPLORATION BEING LOST. IF WE DISCOVER COMMERCIAL RESERVES OF GOLD, COPPER OR OTHER MINERALS ON OUR MINERAL PROPERTY, WE CAN PROVIDE NO ASSURANCE THAT WE WILL BE ABLE TO SUCCESSFULLY ADVANCE THE MINERAL CLAIMS INTO COMMERCIAL PRODUCTION. GOVERNMENT REGULATION OR OTHER LEGAL UNCERTAINTIES MAY INCREASE COSTS AND OUR BUSINESS WILL BE NEGATIVELY AFFECTED. IF ACCESS TO OUR MINERAL CLAIM IS RESTRICTED BY INCLEMENT WEATHER, WE MAY BE DELAYED IN OUR EXPLORATION AND ANY FUTURE MINING EFFORTS. BASED ON CONSUMER DEMAND, THE GROWTH AND DEMAND FOR ANY ORE WE MAY RECOVER FROM OUR CLAIMS MAY BE SLOWED, RESULTING IN REDUCED REVENUES TO THE COMPANY. THE LOSS OF THE SERVICES OF JEFFREY TAYLOR COULD SEVERELY IMPACT OUR BUSINESS OPERATIONS AND FUTURE DEVELOPMENT. CAUSING OUR BUSINESS TO FAIL. WE WILL INCUR ONGOING COSTS AND EXPENSES FOR SEC REPORTING AND COMPLIANCE. WITHOUT REVENUE WE MAY NOT BE ABLE TO REMAIN IN COMPLIANCE, MAKING IT DIFFICULT FOR INVESTORS TO SELL THEIR SHARES, IF AT ALL. OF THE OUTSTANDING SHARES OF OUR COMMON STOCK. IF HE CHOOSES TO SELL HIS SHARES IN THE FUTURE, IT MIGHT HAVE AN ADVERSE EFFECT ON THE PRICE OF OUR STOCK. JEFFREY TAYLOR CONTROLS AND MAKES CORPORATE DECISIONS THAT MAY DIFFER FROM THOSE THAT MIGHT BE MADE BY THE OTHER SHAREHOLDERS.

Full 10-K form ▸

related documents
1443388--3/17/2010--SILVER_BAY_RESOURCES_INC.
1366407--4/15/2009--Denarii_Resources_Inc.
1390778--4/9/2009--Avro_Energy_Inc.
1376316--10/6/2010--Viking_Minerals_Inc.
1376316--10/6/2010--Viking_Minerals_Inc.
1353406--4/17/2008--Oliver_Creek_Resources_Inc.
1404592--3/28/2008--Revett_Minerals_Inc.
895663--3/1/2007--GLOBAL_INDUSTRIES_LTD
1390778--4/15/2010--Avro_Energy_Inc.
1047862--2/22/2010--CONSOLIDATED_EDISON_CO_OF_NEW_YORK_INC
23632--2/22/2010--CONSOLIDATED_EDISON_CO_OF_NEW_YORK_INC
100826--2/29/2008--AMEREN_CORP
856200--3/30/2007--KAISER_GROUP_HOLDINGS_INC
1439299--8/12/2009--Mondas_Minerals_Corp.
1404592--3/19/2010--Revett_Minerals_Inc.
1419482--4/14/2008--INTERNATIONAL_SILVER_INC
100826--3/1/2007--CENTRAL_ILLINOIS_PUBLIC_SERVICE_CO
895663--2/26/2008--GLOBAL_INDUSTRIES_LTD
1430872--4/27/2009--Green_Star_Mining_Corp.
1439299--9/8/2010--Mondas_Minerals_Corp.
85408--2/29/2008--ROWAN_COMPANIES_INC
1429426--3/12/2009--Wollemi_Mining_Corp.
1411096--10/24/2008--Centaurus_Resources_Corp.
1425597--3/4/2009--Mesquite_Mining_Inc.
74145--2/16/2007--OKLAHOMA_GAS_&_ELECTRIC_CO
1038277--3/31/2010--INTERNATIONAL_ISOTOPES_INC
1404433--7/23/2008--Canusa_Capital_Corp.
895663--3/2/2009--GLOBAL_INDUSTRIES_LTD
27430--2/12/2010--DAYTON_POWER_&_LIGHT_CO
100826--3/7/2006--AMERENENERGY_GENERATING_CO