We will require substantial additional funding, which may not be available to us on acceptable terms, or at all.
Our cash balance at April 30, 2018 was approximately $0. We may not have adequate funds to fully develop our business, and we may need other capital investment to fully implement our business plans. We also expect that we will need substantial additional capital following this Acquisition. We do not have any contracts or commitments for additional funding, and there can be no assurance that financing will be available in amounts or on terms acceptable to us, if at all. The inability to obtain additional capital will restrict our ability to grow and may reduce our ability to continue to conduct business operations. If we are unable to obtain additional financing, we will likely be required to curtail our development plans. In that event, current stockholders would likely experience a loss of most or all of their investment. Additional funding that we do obtain may be dilutive to the interests of existing stockholders.
Yet talari is being paid $180 Thousand per year.
He has given himself 42 million shares;
Name
Position
Number of Shares Beneficially Owned
Percentage of Common Stock Shares Beneficially Owned
Harvest Fund, LLC*
34,800,000
31.26%
Futureland Corp
12,000,000
10.78%
Saeed Talari
CEO / CFO / Director
8,000,000
7.19%
John Verghese
CTO / Director
2,000,000
1.80%
Craig Huffman
Legal Council
1,200,000
1.08%
Deirdre Fernandes
COO
1,000,000
0.90%
Karin Rohret
Secretary
1,000,000
0.90%
Cede & Co Fast Balance
14,280,000
12.83%
Cityhawk Limited
60,000
0.05%
Wan So Lee
18,142,670
16.30%
Veritas Capital Management Ltd
831,330
0.75%
Kook Chong Yoo
18,000,000
16.75%
All beneficial owners as a Group
111,314,000
100.00%
*Harvest Fund LLC is an entity controlled by our Chairman, Sam Talari. .
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