Great American Food Chain Inc (GAMN)

[flemsnopes]

The following is an excerpt from the most recent disclosure statement. (link to full filing provided as well)

ITEM 16: MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION (excerpt)

The Company is also in negotiations and has signed a letter of intent to acquire two additional concepts. It is anticipated that both of these acquisitions will close in the beginning of the third quarter of 2011. The Company will need to raise additional capital in order to close these 23 transactions. Although the Company believes that it will be able to raise this capital necessary to close these transactions, there is no guarantee that the capital will be successfully raised.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=54545