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Re: KJAX post# 2896

Thursday, 08/25/2022 11:25:48 AM

Thursday, August 25, 2022 11:25:48 AM

Post# of 2941
There was no way this was a multi-billion……

dollar company, but folks actually paid those prices, and I doubt it was at the point of a gun.

The Beaver’s remedy is likely to be issuing more shares to Celerit. They have to be pissed about those $3.04’s they were issued, but they freely accepted them.

That said, they have the leverage as far as assets (revenues) go.

They could do a forensic audit and see if The Beaver did anything “criminal.”

We are an early stage company with a limited operating history. Such limited operating history may not provide an adequate basis to judge our future prospects and results of operations.

Eagle Lake was incorporated on May 8, 2020. We have limited experience and a limited operating history in which to assess our future prospects as a company. In addition, the market for our products and services is highly competitive. If we fail to successfully develop and offer our products and services in an increasingly competitive market, we may not be able to capture the growth opportunities associated with them or recover our development costs, and our future results of operations and growth strategies could be adversely affected. Our limited history may not provide a meaningful basis for investors to evaluate our business, financial performance, and prospects.

We may fail to successfully execute our business plan.

Our shareholders may lose their entire investment if we fail to execute our business plan. Our prospects must be considered in light of the following risks and uncertainties, including but not limited to, competition, the erosion of ongoing revenue streams, the ability to retain experienced personnel and general economic conditions. We cannot guarantee that we will be successful in executing our business plan. If we fail to successfully execute our business plan, we may be forced to cease operations, in which case our shareholders may lose their entire investment.