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Quotes & Info
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| TMXNE.OB > SEC Filings for TMXNE.OB > Form 10-Q on 4-Sep-2009 | All Recent SEC Filings |
4-Sep-2009
Quarterly Report
The following discussion should be read in conjunction with the
information contained in our consolidated financial statements and the
notes thereto appearing elsewhere in this quarterly report, and in
conjunction with the Management's Discussion and Analysis set forth in
(1) our annual report on Form 10-KSB for the year ended September 30,
2008.
Preliminary Note Regarding Forward-Looking Statements
This quarterly report and the documents incorporated herein by reference contain forward-looking statements within the meaning of the federal securities laws, which generally include the plans and objectives of management for future operations, including plans and objectives relating to our future economic performance and our current beliefs regarding revenues we might earn if we are successful in implementing our business strategies.
The forward-looking statements and associated risks may include, relate to or be qualified by other important factors. You can identify forward- looking statements generally by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends," "plans," "should," "could," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations of those terms, including their use in the negative, or by discussions of strategies, opportunities, plans or intentions.
You may find these forward-looking statements in this Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations, as well as throughout this quarterly report. A number of unforeseen factors could cause results to differ materially from those anticipated by forward-looking statements. These forward- looking statements necessarily depend upon assumptions and estimates that may prove to be incorrect. Although we believe that the assumptions and estimates reflected in the forward-looking statements are reasonable, we cannot guarantee that we will achieve our plans, intentions or expectations. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ in significant ways from any future results expressed or implied by the forward-looking statements.
Any of the factors described in this quarterly report, and other factors unknown to the Company at this time, could cause our financial results, including our net (loss) or growth in net income (loss) to differ materially from prior results, which in turn could, among other things, cause the price of our common stock to fluctuate substantially. We base our forward-looking statements on information currently available to us, and we assume no obligation to update them.
In addition, readers are also advised to refer to the information contained in our filings with the SEC, especially on Forms 10-K, 10-Q and 8-K, in which we discuss in more detail various important factors that could cause actual results to differ from expected or historic results. It is not possible to foresee or identify all such factors. As such, investors should not consider any list of such factors to be an exhaustive statement of all risks and uncertainties or potentially inaccurate assumptions.
The Company had no revenues and considerable expenses from continuing operations during the three months ended June 30, 2009, and the three months ended June 30, 2008. The Company has losses of $68,796 and $184,322, for the three months ended June 30, 2009 and 2008, respectively.
Liquidity and Capital Resources
The forecasted expenses of implementing the Company's business plan will exceed the Company's current resources. The Company therefore will need to secure additional funding through an offering of its securities or through capital contributions from its stockholders.
No commitments to provide additional funds have been made by management. Management has provided all present cash to the company to pay for all the services that it has legally encumbered by means of loans to the company. Management has worked without salary throughout the entire period without payment or the issuance of any Trimax shares as compensation. There can be no assurances that any additional funds will be available on terms acceptable to the Company, or at all.
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