Hunt Global Resources, Inc. (fka HGCO)

[Chunky Munky]

Assets
Current Assets
Cash and cash equivalents $ 1,962 $ 7,439

$1962 in bank...

Cash flows from operating activities: $ (41,579) $ (57,171) $ (128,278)
---------------- ------------------ --------------------
Net Cash flows used in operating activities (41,579) (57,171) (128,278)

Negative cash flow....

The Company reported an accumulated deficit of $1,275,725 as of June 30, 2010. The Company recognized losses of $64,948 from its operational activities during the six months ended June 30, 2010. These factors raise substantial doubt about the Company's ability to continue as a going concern.

Bankruptcy in the works???

Note 4: Income Taxes

The Company incurred net operating losses during the periods shown on the condensed financial statements resulting in a deferred tax asset, which was reserved; therefore the net benefit and expense resulted in $-0- income taxes.

More negative income stated....

Note 5: Subsequent Events

Hunt Global Resources, Inc. Acquisition

The Company entered into an agreement to acquire the assets of Hunt Global Resources, Inc. ("Hunt"), a Houston based company focused on the use of new technologies to maximize the value of its natural resources projects. The transaction is structured in the form of a reverse merger where the shareholders of Hunt will receive in excess of 90% of the issued and outstanding stock of Company when the transaction is complete. As a result of the transaction, Hunt will acquire all of the outstanding assets and liabilities of the Company.

The transaction contemplates the issuance of shares as follows:

A) 29,000,000 shares of Common Stock of the Company to Hunt;

B) 125,000 Class A Preferred Convertible Shares (having a conversion ratio of one preferred to 208 common shares of the Company and subject to the common stock of the Company having traded at an average bid price of $3.00 for ten consecutive trading days)

Dilution Dilution Dilution.....

AND best yet, the PPS has to be over $3.00 a share for 10 consecutive trading days. Pump in the works? Reverse Split? How else do we get the PPS from $1.40 to $3.00?