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RocketFuel Blockchain Inc. (RKFL)

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Last Post: 5/26/2021 9:47:00 PM - Followers: 17 - Board type: Free - Posts Today: 0

Excerpts from the latest filing. HEAVENLY HOT DOGS INC /: 10QSB ITEM 2. PLAN OF OPERATIONS MANAGEMENT=S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION PLAN OF OPERATION The Company is seeking to acquire assets or shares of an entity actively engaged in business which generates revenues. The Company has no particular acquisitions in mind and has not entered into any negotiations regarding such an acquisition. None of the Company's officers, directors, promoters or affiliates have engaged in any substantive contact or discussions with any representative of any other company regarding the possibility of an acquisition or merger between the Company and such other company as of the date of this quarterly report. The Board of Directors intends to obtain certain assurances of value of the target entity's assets prior to consummating such a transaction. Any business combination or transaction will likely result in a significant issuance of shares and substantial dilution to present stockholders of the Company. The Company has, and will continue to have, no capital with which to provide the owners of business opportunities with any significant cash or other assets. However, management believes the Company will be able to offer owners of acquisition candidates the opportunity to acquire a controlling ownership interest in a publicly registered company without incurring the cost and time required to conduct an initial public offering. The owners of the acquisition candidate will, however, incur significant legal and accounting costs in connection with the acquisition of a business opportunity, including the costs of preparing Form 8-K's, 10-KSB's, 10-QSB’s, agreements and related reports and documents. LIQUIDITY AND CAPITAL RESOURCES The Company remains in the development stage and has experienced no significant change in liquidity or capital resources or stockholders’ equity since re-entering of Development Stage. The Company's balance sheet as of September 30, 2006, reflects a total asset value of $0.00. The Company has no cash or line of credit, other than that which present management may agree to extend to or invest in the Company, nor does it expect to have one before a merger is effected. The Company will carry out its plan of business as discussed above. The Company cannot predict to what extent its liquidity and capital resources will be diminished prior to the consummation of a business combination or whether its capital will be further depleted by the operating losses (if any) of the business entity which the Company may eventually acquire. RESULTS OF OPERATIONS During the period from January 1, 2006 through September 30, 2006, the Company has engaged in no significant operations other than maintaining its reporting status with the SEC and seeking a business combination. No revenues were received by the Company during this period. For the current fiscal year, the Company anticipates incurring a loss as a result of legal and accounting expenses, and expenses associated with locating and evaluating acquisition candidates. The Company anticipates that until a business combination is completed with an acquisition candidate, it will not generate revenues, and may continue to operate at a loss after completing a business combination, depending upon the performance of the acquired business. NEED FOR ADDITIONAL FINANCING Based upon current management=s willingness to extend credit to the Company and/or invest in the Company until a business combination is completed, the Company believes that its existing capital will be sufficient to meet the Company's cash needs required for the costs of compliance with the continuing reporting requirements of the Securities Exchange Act of 1934, as amended, and for the costs of accomplishing its goal of completing a business combination, for an indefinite period of time. Accordingly, in the event the Company is able to complete a business combination during this period, it anticipates that its existing capital will be sufficient to allow it to accomplish the goal of completing a business combination. There is no assurance, however, that the available funds will ultimately prove to be adequate to allow it to complete a business combination, and once a business combination is completed, the Company's needs for additional financing are likely to increase substantially. In addition, as current management is under no obligation to continue to extend credit to the Company and/or invest in the Company, there is no assurance that such credit or investment will continue or that it will continue to be sufficient for future periods. EXHIBIT 31.1 CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Elwood Shepard, the Chief Executive Officer and Chief Financial Officer of Heavenly Hot Dogs, Inc. (the ACompany@), certify that: 1. I have reviewed this quarterly report on Form 10-QSB of the Company; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and I have: a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the "Evaluation Date"); and c) presented in this report my conclusions about the effectiveness of the disclosure controls and procedures based on my evaluation as of the Evaluation Date; 5. I have disclosed, based on my most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function): a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant's ability to record, process, summarize and report financial data and have identified for the registrant's auditors any material weaknesses in internal controls; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls; and Date: November 8, 2006 By: /s/ Elwood Shepard Elwood Shepard Chief Executive Officer Chief Financial Officer
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RKFL News: Annual Report (10-k) 07/22/2021 03:08:44 PM
RKFL News: Current Report Filing (8-k) 07/01/2021 06:03:52 AM
RKFL News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 06/29/2021 10:31:53 AM
RKFL News: Initial Statement of Beneficial Ownership (3) 06/14/2021 06:14:05 AM
RKFL News: Notice of Effectiveness (effect) 04/13/2021 06:07:18 AM
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#141   Thanks. makersmark 05/26/21 09:47:00 PM
#140   Needs a big name , to adopt MADDSTACKER 05/26/21 11:34:00 AM
#139   Hi guys. What do you think? makersmark 05/25/21 04:38:36 PM
#138   lets hope they keep getting clients .. :) MADDSTACKER 04/29/21 08:07:33 PM
#137   Great news! I been picking up a few JJ24 04/29/21 01:22:33 PM
#136   Banknote World Chooses RocketFuel to Power Online Purchases MADDSTACKER 04/29/21 08:09:31 AM
#135   Update , something new tomorrow MADDSTACKER 04/28/21 02:29:52 PM
#134   Morning MADDSTACKER 04/14/21 10:02:51 AM
#133   Great consolidation happening above $3.00 with a handsome lifeprsrvr 04/13/21 06:25:56 PM
#132   Morning .. yeah got crazy quick... MADDSTACKER 04/08/21 09:50:13 AM
#131   Good morning...Crazy week on $RKFL congrats to you Ryguy008 04/08/21 07:58:52 AM
#130   https://www.otcmarkets.com/filing/html?id=14860435&guid=gkrpUqio8z3b4th Holders MERCURIAL 04/08/21 07:01:11 AM
#129   First post on boards and following Rev-72 04/07/21 08:24:36 PM
#128   Nice day MADDSTACKER 04/07/21 04:13:49 PM
#127   Another nice early call. ;) MrCheap 04/07/21 01:32:31 PM
#126   118 m market cap 26 m shares * 4.50 MADDSTACKER 04/07/21 10:48:52 AM
#125   Market cap is around 130 m right now MADDSTACKER 04/07/21 10:32:17 AM
#124   I was due ....lol let’s goooooooo MADDSTACKER 04/07/21 10:10:33 AM
#123   Nice to be early. Awesome call Stacker. MERCURIAL 04/07/21 10:06:37 AM
#122   Picked up a few shares on news a BTEXP 04/07/21 10:04:06 AM
#121   bwaaahaaahaa $RKFL MERCURIAL 04/07/21 10:00:43 AM
#120   Ascm leaves and we’re gone ... ijs MADDSTACKER 04/07/21 09:44:23 AM
#119   Morning gents MADDSTACKER 04/07/21 09:34:31 AM
#118   Nice day!!! $RKFL MrCheap 04/06/21 04:06:10 PM
#117   Looky good brother MrCheap 04/06/21 12:03:54 PM
#116   There he is ... MADDSTACKER 04/06/21 11:59:51 AM
#115   Up up and away $RKFL MrCheap 04/06/21 11:54:27 AM
#114   Big move up today, and with more volume. chestnut42 04/06/21 11:31:38 AM
#113   $20 here would only Be $500 m market cap MADDSTACKER 04/06/21 11:24:55 AM
#112   :) MADDSTACKER 04/06/21 10:40:24 AM
#111   It's good to see the volume has picked chestnut42 04/06/21 10:31:15 AM
#110   Testing 200 ma .. next stop MADDSTACKER 04/06/21 10:01:07 AM
#109   https://finance.yahoo.com/video/rocketfuel-enables-online-payment-options-190116 MADDSTACKER 04/06/21 10:00:01 AM
#108   New to the board business went live couple MADDSTACKER 04/06/21 09:59:27 AM
#107   Stay strong MERCURIAL 04/06/21 09:41:38 AM
#106   200 am at $2.25 blue sky after that MADDSTACKER 04/06/21 09:40:20 AM
#105   5 m float about to shine MADDSTACKER 04/06/21 09:39:48 AM
#104   Get strong MERCURIAL 04/06/21 09:37:24 AM
#103   Morning rkfl... MADDSTACKER 04/06/21 09:35:33 AM
#102   yahoo finance..... last minute says he was talking MADDSTACKER 04/05/21 09:58:31 PM
#101   choo choo MADDSTACKER 04/05/21 05:37:43 PM
#100   Good to hear lets light this candle amigos! $RKFL MrCheap 04/05/21 04:36:24 PM
#99   Doing good, staying busy, no rest...Just waiting for MERCURIAL 04/05/21 04:35:01 PM
#98   Hope all is well my friend good see MrCheap 04/05/21 04:25:23 PM
#97   Uno dos tres time to go MrCheap 04/05/21 04:24:19 PM
#96   #init $RKFL MERCURIAL 04/05/21 04:12:18 PM
#95   Gettin some love now $RKFL MrCheap 04/05/21 03:31:34 PM
#94   https://www.foxbusiness.com/shows/the-claman-countdown MADDSTACKER 04/05/21 03:09:55 PM
#93   Greta volume today :) MADDSTACKER 04/05/21 02:55:31 PM
#92   https://www.goldmanresearch.com/202104011316/Opportunity-Research/blockchain-cry MADDSTACKER 04/05/21 01:13:39 PM
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