Fuse Science Inc (DROP)

[BeDub]

Don't believe me. Read for yourself.

http://www.sec.gov/Archives/edgar/data/842722/000114420411020847/v217817_sc14f1.htm

To date, we have not been as successful as hoped in implementing our business plan. In January 2009 we ceased operating as a Business Development Company and in October 2010 we entered into a letter of intent with our director and Chief Executive Officer, Maurice E. Durschlag, to acquire two privately held companies, Fuse Science, Inc. and Skin Science, Inc. from him. Fuse Science, Inc. has developed several concentrated sublingual drops to include electrolytes for sports, caffeine drops for energy and vitamin drops for children. Skin Science, Inc. has a patent-pending system including manufactured thin film incorporating natural and synthetic active ingredients that when applied in conjunction with heat and moisture increase the overall health and beauty of the skin. Skin Science, Inc. has also formulated a product for acne treatment. However, we were unsuccessful in raising the necessary financing for such acquisition and Mr. Durschlag recently assigned and transferred the assets of both private companies to a newly formed entity Fuse Science, Inc. (“Fuse Science”), of which he is one of four owners, and he owns 23% of the outstanding shares. Adam Adler and Brian Tuffin, our anticipated new directors, each owns 27% and 26%, respectively, of the outstanding shares of Fuse Science and will be issued 6,332,000 and 6,007,000 shares of our common stock upon consummation of the Exchange Agreement. Management believes that the acquisition of the technology acquired by Fuse Science from Maurice E. Durschlag presents an opportunity for our company to realize value for our shareholders.

Maurice E. Durschlag became a director and Chief Executive Officer of our company on March 30, 2007. Mr. Durschlag was appointed a director of HealthSport, Inc. on September 11, 2006. Mr. Durschlag is the co-developer of the Enlyten electrolyte sports strips and co-authored the patent, “Edible Film for Transmucosal Delivery of Nutritional Supplements”.