Does this mean the brake fluid deal is off the table?
We have only recently generated cash flow to partially fund our operations and activities. As we are faced with both a working capital deficit and a stockholders deficit, management believes that an estimated $1,000,000 is going to be required over the next fiscal year for payment of expenses associated with our business operations. Our future success and viability is primarily dependent upon our ability to increase current operations and develop new business opportunities. Recent developments have resulted in the changing of our name from Ten Stix, Inc. to MotorSports Emporium, Inc. We will continue marketing, promoting, and selling its die cast replica cars while allowing our management to focus its goals, objectives and strategies into growing us into a diverse business entity within the motor sports industry. Our plan of operation for the next 12 months is to develop new business ventures, seek the acquisition of assets, property or business that may benefit us and our shareholders. Because we have minimal capital resources, our management anticipates that to achieve any such acquisition, we may be required to issue shares of its stock as consideration for such acquisition. In the event that we contact or are contacted by a private company or other entity, which may be considering a merger with or into our Company, it is possible that we would be required to raise additional funds in order to accomplish the transaction. Such transactions would be evaluated on a case-by-case basis. During the next 12 months, our foreseeable cash requirements will relate to continuing the operations of our wholly owned subsidiary and business divisions, maintaining our good standing and making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with reviewing or investigating any potential business venture. Because we have not identified any such venture as of the date of this Report, it is impossible to predict the costs. Additionally, we may experience a liquidity predicament and be required to raise additional capital. Historically, we have relied upon internally generated funds and funds from the sale of shares of stock and loans from our shareholders and private investors to finance our operations and growth. Management may raise additional capital through future public or private offerings of its stock or through loans from private investors, although there can be no assurance that we will be able to obtain such financing. Our failure to do so would have a material and adverse
affect upon us and our shareholders. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classifications of liabilities that might be necessary should we be unable to continue in operations.
