Current Operations



Plan of Operations

The Company's current plan of operations for the twelve months ending April 30, 2015, involved the continued development of the business plan.

Our ability to implement the phases of our business plan was dependent on us obtaining the significant financing for these projects, which we were unable to secure during the year ending April 30, 2015.





Going Concern

We do not currently have any financing arranged and we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock to fund further phases of our business plan. Even if we are successful in obtaining equity financing to fund our joint venture, there is no assurance that we will obtain the funding necessary to pay our creditors and note holders on a timely basis. As a result, investors in our common stock would most likely lose all of their investments.





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Results from Operations - For the years ended April 30, 2015, as compared to April 30, 2014.





Operating results for the years ended April 30, 2015, and 2014 are summarized as
follows:



                                  Years Ended April 30,
                                  2015            2014
Revenue                       $       -      $          -
Operating expenses               165,000        45,370,179
Other income (expense)          (321,732 )              -
Net operating income (loss)   $  156,732     $ (45,370,179 )

Our net operating loss decreased $45,526,911 for our year ended April 30, 2015, from our year ended April 30, 2014. During the year ended April 30, 2015, our operating expenses decreased $45,204,874 from the year ended April 30, 2014. The decrease in expenses was mainly comprised of decrease of $45,000,000 in management fees, and a recovery of previous years accrued costs from cancelled consulting contracts.

Liquidity and Capital Resources

As of April 30, 2015, we had cash of $0 and our working capital deficit was $253,680. In 2015, we generated revenues of $0 and a net operating expense of $165,000 from operations and a gain of $322,037 from other income making the net gain of $156,732 as compared to 2014 revenues of $0 and a net loss from operations of $45,370,179, a gain from other income of $0 and a net loss of $45,370,179.

The Company expects significant capital expenditures during the next 12 months, contingent upon raising additional capital. We anticipate that we will need a minimum of $2,000,000 for operations for the next 12 months.

The source of such capital is uncertain, and there is no assurance that the Company will be successful in obtaining such capital on commercially reasonable terms, or at all. We have a working capital deficit and will need cash infusions from investors and/or current shareholders to deploy our current business plan and joint venture.

To implement our business plan, we will need to continue to raise working capital in the form of equity in an amount up to $2,000,000 over the twelve-month period ending April 30, 2016, on terms and conditions to be determined. If we were unable to raise any funds from the sale of equity, management may elect to seek subsequent interim or "bridge" financing in the form of debt as may be necessary.

At this time, management is unable to determine the specific amounts and terms of such future financings, or whether or not we will be successful in raising such funds on a basis acceptable to us.

In order to finance the operations of the Company during the twelve months ending April 30, 2015, and 2014, the Company's management and/or shareholders entered a series of note transactions or accounts payable totaling $0 and 0, respectively.





Prior Funding Facilities

The table below shows the notes payable categorized by their remaining term at the years ending April 30, 2015, and 2014.





        Short Term Short Term
Holder  2015       2014       Remarks
Aronson     10,013     12,352




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 Cash Flow



                                                         Years Ended
                                                          April 30,
                                                      2015         2014
Net cash used in operating activities              $   (304 )   $ (4,055 )
Net cash used in investing                               -            -

Net cash provided (used) by financing activities (2,339 ) 6,600 Net increase (decrease) in cash

$ (2,643 )   $  2,643

Cash used in operating activities for years ended April 30, 2015, and 2014 was primarily for expenses related to general operations and for Company incurred administrative expenses.





Going Concern

Management believes that our current financial condition, liquidity, and capital resources will not satisfy our cash requirements for the next twelve months to deploy our current business plan, and as such we will need to either raise additional proceeds through financing facilities, sales of securities and our officers and directors will need to make additional financial commitments to our Company, neither of which is guaranteed. We plan to satisfy our future cash requirements, primarily the working capital required to execute on our current business and fund our necessary operating expenses, through financial commitments from future debt facilities and equity sales, if and when possible.

Management believes that we may generate some revenues within the next 12 months of 2016, but that these revenues will not satisfy our cash requirements to implement our current business plan, which is subject to change depending upon pending business opportunities and available financing.

We had no committed source for funds as of April 30, 2015, other than our convertible debt instruments. No representation is made that any funds will be available when needed. In the event that funds cannot be raised when needed, we may not be able to carry out our business plan, may never achieve revenue, and could fail to satisfy our future cash requirements as a result of these uncertainties.

It will be necessary to raise working capital funds through equity and debt financing facilities, which are extremely difficult for a developmental stage company to secure and may not be available to us or on a basis favorable to us. However, if such debt financing is available, we would likely have to pay additional costs associated with high-risk loans and be subject to above market interest rates.

The Company and has accumulated a deficit of $45,278,680 at, April 30, 2015. We currently have only limited working capital with which continue our operating activities. The amount of capital required to sustain operations is subject to future events and uncertainties, but the Company anticipates it will need to obtain approximately $2,000,000 in additional working capital in the form of debt and/or equity in order to cover our current expenses over the next 12 months in furtherance of our business plan. Whether such capital will be obtainable or obtainable on commercially reasonable terms is at this date uncertain. These circumstances raise substantial doubt about the Company's ability to continue as a going concern.





Critical Accounting Policies

Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which require us to make estimates and judgments that significantly affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Note 3, "Summary of Significant Accounting Policies" in the Notes to the Condensed Financial Statements for the year ended April 30, 2015, describes our significant accounting policies which are reviewed by management on a regular basis.





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Capital Expenditures

We have not incurred any material capital expenditures.

Off-Balance Sheet Arrangements

We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.

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