Noble Consolidated Industries Corp.(fka NBLC)

[okie]

No..it is an 8k filing..

submitted on September 17th.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6802938

Chown told me previously it would be submitted within the legally required time period with audited financials.

The financials show a well capitalized company with very little debt. Not a bad way to start out as a public entity.

"DECEMBER 31, 2009 BALANCE SHEET COMMENTS
CASH – On July 9, 2009, the Company completed a private placement of 30,000 common shares of the Company’s capital stock in consideration for $300,000 as received from the Houlihan Gold Fund, LP. There is an assumption that another $800,000 will be forthcoming before the end of the Company’s fiscal period for the operating expenses and the completion of the processing facility in McCarran, NV. This may be generated with a loan or with a stock issuance, but the assumption is a Stockholder’s Loan.


PLANT & EQUIPMENT – This amount reported is the equipment that Noble had prior to the merger and the additional labor and material expense required to bring the processing plant into production. The estimated expense to bring Noble’s processing plant into a fully operational modeling is an additional $400,000 in material and labor in 2009.


MINERAL PROPERTIES – The mineral properties are booked at their June 30, 2009 value although management is currently reviewing these values and communicating with the S.E.C.’s Division of Corporation Finance in the hope that a lesser and more meaningful value that is achievable on a basis consistent with American GAAP can be attributed to the 260 acres of mineral rights that comprise the COD Mine in Mohave County, Arizona (the “Rights”). Management has proposed a value with respect to the Rights to the S.E.C. Division of Corporation Finance and is awaiting their reply. It is, therefore, too early to assume any change in the value of the Rights at this time."

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HOULIHAN SMITH & COMPANY, INC. (“HOULIHAN”) is a nationally recognized valuation and investment banking firm (Member FINRA, SIPC) with offices in Chicago, London, Los Angeles, New York and Toronto. Houlihan provides comprehensive services to several of the largest asset managers around the world. Backed by years of experience, Houlihan is frequently called upon to provide valuation and advisory services to hedge fund advisors, traditional fund managers, family offices, fund administrators, pension funds, endowments and other financial institutions.
Houlihan works with 20 of Alpha Magazine’s Top 100 Hedge Funds. The firm’s tailored services to asset managers include Portfolio Valuation (FAS 157); Restructuring, M&A and Transaction Advisory. We are highly experienced with dealing with complicated transactions and complex asset classes that challenge the most sophisticated client. Houlihan covers all investment strategies, including those that are illiquid and underperforming. For more information, please go to www.hedgefundvaluation.com or www.hedgefundrestucturing.com or contact Karl D’Cunha, Senior Managing Director, at [e-mail] This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 1-800-654-4977.

"COMMON STOCK – On June 30, 2009, U. S. Canadian Minerals, Inc. had 7,417,564 common shares issued and outstanding. After the conversion of a total of 525,999 Class A preferred shares (on a 1:100 basis) on or before the close of business on August 11, 2009, the total number of U.S. Canadian Mineral common shares issued and outstanding was 60,017,464 which is reflected on the balance sheet at $.001 per share or $60,017. No other shares are anticipated to be issued unless the Stockholders’ loan does not materialize in which case there may be additional shares issued for working capital."


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Oaks (aimho)