"According to the following sentence found in the supplemental disclosure statement that the company filed on 2/19/21, we seem to be involved with the cannabis/hemp market in California.
“At of the date hereof, there is uncertainty as to the effect of the coronavirus pandemic on the cannabis and hemp markets in California, the U.S. and globally.” "
A year and a half later and the above still sits perched atop the main page in a space "To be used to highlight important announcements, brilliant posts, or in the case of Admin - important board announcements".
Is this Company "involved with the cannabis/hemp market in California"? Is it involved in ANY MARKET AT ALL?
The answer to both is obviously "No" and the Company says as much in its latest filing, acknowledging that it meets the definition of a "shell" company.
Current Business Operations
The Company intends to become active as a management advisory and consulting firm for small and
medium size companies, to include, but not limited to, providing operational services in corporate
development, restructuring, finance, and strategic growth plans, as well as strategy development,
website, and social media consulting. The Company will also focus on the investment of capital in
private companies that are interested in expanding their business by gaining better access to financial
and administrative services to start- up, emerging growth, and mature businesses. The Company
believes that it has access to investment capital, and that it will be able to identify and take advantage
of a profitable business opportunity. The success of our plan of operation will be dependent upon the
availability of funding and the management of the business opportunity. Obtaining financing and
consummation of a transaction may result in the issuance of our previously authorized and unissued
shares of common stock that would result in a reduction in percentage ownership of shares owned by
our present and prospective stockholders and the addition of others to our management.
The Company further proposes to seek, investigate and, if such investigation warrants, acquire an
interest in business opportunities presented to it by persons or firms who or which desire to seek the
advantages of a public and traded issuer. The Company will not restrict its search to any specific
business, industry, or geographical location and the Company may participate in a business venture of
virtually any kind or nature. This discussion of the proposed business is purposefully general and is
not meant to be restrictive of the Company's unlimited discretion to search for and enter into potential
business opportunities.
The Company may seek a business opportunity with entities which have recently commenced
operations, or those that wish to utilize the public marketplace in order to raise additional capital in
order to expand into new products or markets, to develop a new product or service, or for other
corporate purposes. The Company may acquire assets and establish wholly owned subsidiaries in
various businesses or acquire existing businesses as subsidiaries.
Currently, the Company has no plans, proposals, arrangements, or understandings with respect to the
sale or issuance of additional securities prior to the location of an acquisition or merger candidate.
It's morally wrong to allow a sucker to keep his money.
......W. C. Fields
