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RocketFuel Blockchain Inc. (RKFL)

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Last Post: 9/27/2018 4:16:16 PM - Followers: 10 - 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: Quarterly Report (10-q) 04/12/2019 02:13:52 PM
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#78   B4MC Gold Mines Inc. changed to RocketFuel Blockchain Inc.: Renee 09/27/18 04:16:16 PM
#77   BFMC symbol changed to RKFL TenKay 07/12/18 08:36:11 AM
#76   BFMC one for 50 reverse split: Renee 08/20/15 04:32:39 PM
#75   BFMC is smells like a winner kranthikumar 05/13/14 10:26:32 AM
#74   HHDGD changed to BFMC: Renee 12/10/13 07:08:32 PM
#73   Does anybody know of any "stock merger" that catchmeifyoucan 12/04/13 06:28:39 PM
#72   Not much of an action going on... guess catchmeifyoucan 12/04/13 10:27:06 AM
#71   Hot dogs to gold eh, gotta luv it. Jbob 11/12/13 06:34:32 PM
#70   Well.. at least, they have a more professional catchmeifyoucan 11/12/13 10:38:31 AM
#69   Heavenly Hot Dogs Inc. changed to B4MC Gold Renee 11/11/13 07:09:30 PM
#68   Anybody here... what's with the latest trades...? any catchmeifyoucan 10/21/13 11:32:10 AM
#67   U think so tm? pennyskpetic 09/16/13 01:41:16 AM
#66   Heavenly! TMcNasty 09/15/13 09:03:24 AM
#65   We are now a mining exploration stage company kimzerfantastik 09/14/13 02:26:46 AM
#64   some action today RonnieD 06/09/08 12:29:00 PM
#63   Thanks for posting the link. Chrisau 02/03/08 10:27:49 AM
#57   Do you think you could show a link klonnie24 02/02/08 03:35:31 PM
#56   Elwood Shepard owns 507,000 shares or 67.65 % here. RonnieD 02/01/08 09:55:26 AM
#55   4450 bought @ 3.67 ! RonnieD 01/31/08 06:50:53 PM
#54   Probably. They do all sorts of things. Chrisau 01/31/08 11:23:25 AM
#53   then they lumped your 100 sale in with RonnieD 01/31/08 11:03:41 AM
#52   Nope, I sold 100 at $3.00. After the Chrisau 01/31/08 11:01:37 AM
#51   bid 2.00 ask 5.00 RonnieD 01/31/08 10:57:22 AM
#50   I'm out at $3.00. Chrisau 01/31/08 10:14:08 AM
#49   let's GO !! RonnieD 01/30/08 04:12:13 PM
#48   charts.edgar-online.com/ext/charts.dll?2-6-11-0-0-53-03NA000000HHDG-&SF:1 RonnieD 01/30/08 04:06:14 PM
#47   1500 at 2.75 are they wrong ? RonnieD 01/30/08 03:24:14 PM
#46   wow these crazy dogs went for $2.55 today RonnieD 01/28/08 04:23:49 PM
#45   i wished i would have seen this sooner. mick 01/25/08 07:56:50 PM
#44   someone's going to have to try and talk RonnieD 01/25/08 04:22:11 PM
#43   i looked at authorized shares ,,,wow very high. mick 01/25/08 02:46:09 PM
#42   right, i just called my broker and there mick 01/25/08 02:40:24 PM
#41   They did one that I remember, not sure Chrisau 01/25/08 02:14:15 PM
#40   do you know if they did a reverse mick 01/25/08 02:07:01 PM
#39   hi RonnieD, i do own some shares of mick 01/25/08 02:02:35 PM
#38   Mr. Shepard is the General Contractor and President RonnieD 01/24/08 10:11:48 AM
#37   I gotcha. If you know how to get NextGenTrade 01/23/08 04:06:57 PM
#36   i've been accumulating this for months. i started RonnieD 01/23/08 03:35:43 PM
#35   It is dead but the CEO continues to NextGenTrade 01/09/08 01:12:18 PM
#34   I have no idea. Thought it was dead. Chrisau 01/09/08 12:54:34 PM
#33   Not sure at all. I have been trying NextGenTrade 01/09/08 12:50:55 PM
#32   What happened to this turkey? Any reason for Chrisau 12/19/07 02:01:12 PM
#31   I have been trying to get a hold NextGenTrade 11/26/07 05:59:43 PM
#30   you came across something ? RonnieD 10/08/07 08:36:10 PM
#29   thank you cbfromli 05/03/07 10:26:58 AM
#28   I have an order in for the AM stockhound101 05/02/07 06:36:24 PM
#26   YES...oh boy would i like that now cbfromli 04/14/07 02:39:59 PM
#25   mmmmmmmmmmmm doesn't this look tasty? Tina 04/14/07 02:37:18 PM