Petro USA Inc (PBAJ)

[Waidon]

We are developping in a good way here, we still have a long way to go thats true. But as sated in the Q we are a company in "development stage". They are attempting to locate and negotiate with eligible portfolio companies to acquire an interest in them. In addition, All State will assist these portfolio companies with raising capital and also offers them substantial managerial assistance needed to succeed.

The company needs money to finance obligations and acquire positions in other company's. I believe thats why the a/s raised.

The Company has a net operating loss carryover of $10,209,338 as of December 31, 2010 which expires in 2030.
The Company has net operating loss carry forwards that were derived solely from operating losses from prior years.

However, the Company has incurred significant losses and is dependent on obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain the necessary funding it could cease operations as a new enterprise. This is an "if-scenario", we can see that we are on a good way of losing this debts. We have to keep making rofit though otherwise we will get in trouble.

This is in my opinion a objective summary about the Q's, Ive tried to imply the positive as negative statements as stated in the Q's. Feel free to add something constructive or to mind me on any error that might have occured.