FWFW

Additionally, any debt securities we issue would likely create a liquidation preference superior that of our current investors and, if convertible into shares of Common Stock, would also pose the risk of dilution. - 6 - We may be unable to obtain necessary financing if and when required.
The loss of key personnel, either before or after a business combination and including management of either us or a combined entity could negatively impact the operations and profitability of our business. - 7 - We may be deemed to be an investment company under the Investment Company Act of 1940.
Historically, the Company’s primary asset consisted of its investment in Elison Virtus Company Limited , which was fully impaired as of September 30, 2025.
If any conflict of interest arises, it could adversely affect a business combination or subsequent operations of the Company, in which case our shareholders may see diminished value relative to what would have been available through a transaction with an independent third party. - 8 - We may engage in a business combination that causes tax consequences to us and our shareholders.
Should we select a course of action, or fail to select a course of action, that ultimately exposes us to unknown or unidentified risks, our business will be harmed and you could lose some or all of your investment. - 9 - Past performance by our management and their affiliates may not be indicative of future performance of an investment in us.
Should the target’s management not possess the skills, qualifications, or abilities necessary to manage a public company or assist with their former entity’s merger or combination into ours, the operations and profitability of the post-acquisition business may be negatively impacted and our shareholders could suffer a reduction in the value of their shares. - 10 - Any business we acquire will likely lack diversity of operations or geographical reach, and in such case we will be subject to risks associated with dependence on a single industry or region.
A securities class action suit against us could result in substantial costs and divert our management’s time and attention, which would otherwise be used to benefit our business. - 11 - Because trading in our Common Stock is so limited, investors who purchase our Common Stock may depress the market if they sell Common Stock.
Our Common Stock trades on the OTCID Basic Market.
The OTCID Basic Market generally is illiquid and most stocks traded there are of companies that are not required to file reports with the SEC under the Exchange Act.

Gone since FY2024

Additionally, any debt securities we issue would likely create a liquidation preference superior that of our current investors and, if convertible into shares of Common Stock, would also pose the risk of dilution. - 7 - We may be unable to obtain necessary financing if and when required.
The loss of key personnel, either before or after a business combination and including management of either us or a combined entity could negatively impact the operations and profitability of our business. - 8 - We may be deemed to be an investment company under the Investment Company Act of 1940.
Currently, our only significant asset are the shares of Elison Virtus Company Limited.
If any conflict of interest arises, it could adversely affect a business combination or subsequent operations of the Company, in which case our shareholders may see diminished value relative to what would have been available through a transaction with an independent third party. - 9 - We may engage in a business combination that causes tax consequences to us and our shareholders.
Should we select a course of action, or fail to select a course of action, that ultimately exposes us to unknown or unidentified risks, our business will be harmed and you could lose some or all of your investment. - 10 - Past performance by our management and their affiliates may not be indicative of future performance of an investment in us.
Should the target’s management not possess the skills, qualifications, or abilities necessary to manage a public company or assist with their former entity’s merger or combination into ours, the operations and profitability of the post-acquisition business may be negatively impacted and our shareholders could suffer a reduction in the value of their shares. - 11 - Any business we acquire will likely lack diversity of operations or geographical reach, and in such case we will be subject to risks associated with dependence on a single industry or region.
A securities class action suit against us could result in substantial costs and divert our management’s time and attention, which would otherwise be used to benefit our business. - 12 - Because trading in our Common Stock is so limited, investors who purchase our Common Stock may depress the market if they sell Common Stock.
Our Common Stock trades on the OTC Pink Market, the successor to the pink sheets.
The OTC Pink Market generally is illiquid and most stocks traded there are of companies that are not required to file reports with the SEC under the Exchange Act.

Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2024 ↗, FY2025 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.

Watch FWFW. Know when insiders buy.

One email the day a filing lands. Free.