Japan Food Tech Holdings Inc (JFTH)

[Starlost]

This is not too encouraging:

At present, we do not have a cash balance or source of revenue to fund our activities going forward. We have been utilizing funds from and may continue to utilize funds from Koichi Ishizuka, our Chief Executive Officer.

Mr. Ishizuka has no formal commitment, arrangement or legal obligation to advance or loan funds to the company. In order to implement our plan of operations for the next twelve-month period, we may require further funding. Being a start-up stage company, we have a very limited operating history. After a twelve-month period, we may need additional financing but currently do not have any arrangements for such financing. We may, however, request the assistance of Next Meats Co., Ltd. and or White Knight Co., Ltd. to loan, gift, or advance us funding although neither party has any obligation to do so.

If we need additional cash and cannot raise it, we may have to scale back or curtail operations until we have the financing needed to resume or advance operations.

https://www.otcmarkets.com/filing/html?id=15282643&guid=opZwkFm2KS2kdth