Replies to post #2400 on All Things Mobile Analytic Inc (ATMH)

[TheHungryHippo]

Try the 10-k Sir.

"As of October 31, 2012, our total assets were $1,532 and our total liabilities were $359,122 and we had a working capital deficit of $357,590. Our unaudited financial statements report a net loss of $56,040 for the three months ended October 31, 2012 compared to a net loss of $131,640 for the same period in 2011 and a net loss of $1,598,532 for the nine months ended October 31, 2012 compared to a net loss of $166,283 for the same period in 2011. We incurred and a net loss of $2,016,240 for the period from January 3, 2008 (inception) to October 31, 2012.

As of, October 31, 2012, we had cash on hand of $Nil. Since our inception, we have used our common stock to raise money for our operations and for our property acquisitions. We have not attained profitable operations and are dependent upon obtaining financing to pursue our plan of operation. For these reasons, our auditors stated in their report to our audited financial statements for the year ended January 31, 2012, that there is substantial doubt that we will be able to continue as a going concern."

NOTE 9 – DISCONTINUED OPERATIONS

Upon entering into the Acquisition Agreement described in Note 7(a) , the Company change d its operations. All operations prior to the acquisition have been classified as discontinued operations. Cash flows from discontinued operations were not material and were combined with cash flows from continuing operations within the consolidated statement of cash flows categories.

and now.... NOTE 7A

Effective August 23, 2011, the Company entered into a mining property acquisition agreement (the "Acquisition Agreement ” ) whereby the Company has agreed to acquire an undivided 100% interest in and to an aggregate of 62 mineral claims located in the Province of Quebec, Canada (the “Claims”). Pursuant to the Acquisition Agreement, the Company agreed to pay $100,000 and issue an aggregate of 2,000,000 shares of common stock as follows:
i. Deposit: a non-refundable deposit of $5,000 to be paid to the Vendor upon signing of the Acquisition Agreement; (paid).
ii. Stage 1: in consideration of the 22 claims constituting “Block 1” (as defined in the Acquisition Agreement) the Company shall issue 700,000 shares of common stock and pay $35,000 on or before September 30, 2011; (these shares were issued and money paid on September 30, 2011).
iii. Stage 2: in consideration of the 20 claims constituting “Block 2” (as defined in the Acquisition Agreement) the Company shall issue 700,000 shares of common stock and $35,000 within 45 days following the completion of Stage 1; (these shares were issued and money paid on November 14, 2011).
iv. Stage 3: in consideration of the 20 claims constituting “Block 3” (as defined in the Acquisition Agreement”) the Company shall issue 600,000 shares of common stock and $25,000 in within 45 days following the completion of Stage 2; (these shares were issued and money paid on December 29, 2011).
The Claims shall be subject to a 2% net smelter royalty payable to the Vendor of which 1% may be purchased back from the Vendor in consideration of $500,000.
On January 31 , 201 2 , the Company determined the acquisition costs for these mineral properties were impaired and recorded a related impairment loss in the statement of operations of $ 231 , 6 00.

So what does it mean to have impaired properties?

A piece of property that includes the insured's defective or sub par work, and because of this, can no longer be used or is less useful. This property may also be less useful because the insured did not complete a contractual obligation.

Read more: http://www.businessdictionary.com/definition/impaired-property.html#ixzz2NHXmrBJh
http://www.otcmarkets.com/stock/TRON/filings

[TheHungryHippo]

Note 7C

nevermind those after feb 06, 2012 are impaired too

On April 30, 2012, the Company determined the acquisition costs for these mineral properties were impaired and recorded a related impairment loss in the statement of operations of $ 544,500 .
http://ih.advfn.com/p.php?pid=nmona&article=55814719

[NORTH LAND]

TRON MEGATRON !!!