ITEM 8.01-OTHER EVENTS
Registrant is pleased to announce that it has begun its process of regularizing
financials and very soon shall be filing unaudited financial disclosures that
shall be followed by audited statements. These Financial Statements in
Historical Dollar Terms may not mean much as these four years have gone into the
company in asset research and identification and consolidation of knowledge and
knowhow to aggressively step into various opportunities and verticals of
business. It is just since last 12 months these years of efforts started
culminating into results. Historical Financials in pure dollar terms may not
hence present a true and fair view of the company unless read with the fair
valuations that we are attempting to assess and prorate through these four years
of historical period ending
In the meanwhile that these statements are regularized and filed, Registrant
intends sharing its business plan for next 3 years until Financial Year Closing
on
1.
Registrant is launching its Global Operations basing
Registrant effectively appointed
Due to Pandemic effect, Registrant finds it to be a very lucrative opportunity to sub-lease office space at the 1 WTC from few of the existing tenants that are willing to offer some of their space at very affordable sub-lease rentals per month. Registrant desires to rent out 108,000 SFT of floor space progressively to in house 360 Members' Operations Management Staff out of the Towers and Norman is in active discussions negotiating for and on behalf of the Registrant.
With Sub-lease on cards, leasing an office in
Though Registrant is attempting to lease office space by agreeing to place security deposit in lieu of a good credit profile (we do not carry any credit profile as we never borrowed externally) there is no guarantee that Registrant will be able to successfully negotiate and sign rentals, seriously impeding Registrant's ability to delivery its ambitious business plan. Further, any failure to pay future rentals may deeply affect the vision and means of doing business completely eroding the Registrant ability as a going concern.
2.
Business Plan, Three Year Financial Forecast, Valuation and Equity Expansion. Registrant intends generating nine (9) verticals of income over the coming three financial periods viz.,
(a)
Income/Gains from asset acquisitions
(b)
Rentals/Dividends/Gains from REIT & InvIT
(c)
Income from introducing US Stocks Trading for Global Residents
(d)
Income from Bullion Sourcing, Advisory and Trading Services
(e)
Income from RIA Services selling mutual funds & debt instruments under SIP
(f)
Income from CXO Lounge Services
(g) Income from EB5 Services (h)
Income from Regulation A+ Services
(i)
Income from listing Unsponsored ADRs
The population covered would mostly be from 6 to 12 countries that would be
--------------------------------------------------------------------------------
Registrant has plans to appoint 9,600 Business Development/Investment Advisory
Staff from these 6-12 countries with 50% of the staff to be recruited in year 1
& balance in year 2 and year 3. The total business forecast is expected as
tabled as exhibit hereunder. The firm is expecting to generate
To expand operations globally and to compensate and well reward management,
staff and shareholders Registrant intends expanding its share capital to 504
Million shares by expanding the current equity of the firm from 6.9 Million
shares to 14.0 Million shares including any stock options to be granted in favor
current co-founders, executive & operational management and staff and additional
shares as rights to current shareholders. Registrant is then planning to split
its post diluted equity capital by 30 times including issuance of 84 million
shares for
There is however no guarantee that Registrant would be able to expand into 6-12 countries for any known or unknown reasons. There is no guarantee that the Registrant would be able to appoint requirement number of business development / Investment adviser Representatives, Compliance and Product/Field Trainers to achieve the targeted numbers. There is no guarantee that the network of professionals would be able to achieve the desired results. There is no guarantee that given the pandemic conditions Registrant would be able to raise capital sufficient enough to meet its obligations to conduct business. Non execution of the business plan, failure to secure capital, appointment of sales and business development personnel or failure for any other cause may seriously impede Registrant's ability as a going concern and it may cause severe and irreparable loss to the shareholders. Registrant hereby cautions its shareholders, investors' current and future to follow prudence and advise of market experts in their determination to invest into the company.
NOTE ON FORWARD LOOKING STATEMENTS
This Report on Form 8-K may include both historical and forward-looking statements, which include information relating to future events, future financial performance, strategies, expectations, competitive environment and regulations. Words such as "may," "shall", "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "intending", "contemplating", "plans," "believes," "estimates," "hopefully" and similar expressions, as well as statements in future tense, present and past continuing, identify forward-looking statements. Such statements are intended to operate as "forward-looking statements" of the kind permitted by the Private Securities Litigation Reform Act of 1995, incorporated in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). That legislation protects such predictive statements by creating a "safe harbor" from liability in the event that a particular prediction does not turn out as anticipated. Forward-looking statements should not be read as a guarantee of future performance or results and will probably not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information we have when those statements are made, or on our management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.
--------------------------------------------------------------------------------
The inclusion of the forward-looking statements should not be regarded as a representation by us, or any other person, that such forward-looking statements will be achieved. You should be aware that any forward- looking statement made by us in this Report on Form 8-K, or elsewhere, speaks only as of the date on which we make it. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on the forward-looking statements contained in this Report on Form 8-K.
ITEM 9.01-FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits. Exhibit Number Description 9.01.1 ITUP - BUSINESS & FINANCIAL FORECAST FOR THREE YEARS 2020-23
--------------------------------------------------------------------------------
© Edgar Online, source