Sack Lunch Productions Inc (SAKL)

[Dr Gator]

From 2nd Qrt Filing:
Item 3. Management’s Discussion and Analysis or Plan of Operation.

Management’s Discussion and Analysis of Financial Condition and Results of Operations or Plan of Operations, which we refer to as MD&A, is intended to help the reader understand Sack Lunch Productions, Inc., our operations and our present business environment. MD&A is provided as a supplement to, and should be read in conjunction with, our financial statements and the accompanying notes for the period ended December 31, 2021.

As a result of the world-wide COVID-19 pandemic the Issuer either directly or through its licensees has been unable to successfully host any large-scale events which by their nature required large gatherings of people. A handful of events have been hosted over the last 12 months with limited success. On November 23, 2021, the Issuer entered into two new licensing agreements in which a new licensee is setto host upwards of 30 events in 2022. Our prior licensees, abandoned their licensing agreements due to the financial duress created as a result of their inability to sell tickets or host events during the pandemic.

The Issuer’s plan of operations is to continue its efforts to obtain additional licensees that will operate itsevents for a percentage of gross revenues generated from ticket sales. The Issuer intends to expend itsefforts over the next year on eliminating debts where possible and simplifying its capital structure. TheIssuer will have to raise capital in order to accomplish its goal of eliminating sufficient debts. Once theIssuer is able to settle its largest creditors, the Issuer will shift its efforts to growing its event business vialicensing agreements and acquisition of additional event companies or other synergistic businesses.
https://www.otcmarkets.com/otcapi/company/financial-report/340955/content