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REDFIELD VENTURES, INC - 10-Q - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

August 14, 2014

FORWARD-LOOKING STATEMENTS

This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward-looking statements may include the words "may," "could," "estimate," "intend," "continue," "believe," "expect" or "anticipate" or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Except for our ongoing securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement.

Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The factors impacting these risks and uncertainties include, but are not limited to:

? increases in interest rates or our cost of borrowing or a default under any material debt agreements; ? the unavailability of funds for capital expenditures.



For a detailed description of these and other factors that could cause actual results to differ materially from those expressed in any forward-looking statement, please see "Factors That May Affect Our Plan of Operation" in this document.

In this filing references to "Company," "we," "our," and/or "us," refers to Redfield Ventures, Inc.

Introduction



As a company in an early development stage, our ability to proceed with our plan of operation has been hindered by the present state of the United States and Global economies. At the end of our period ended June 30th, 2014 we had limited cash available and we have secured no sources of loans from financial institutions and we only had $5,500 revenues since inception until the period ended June 30th, 2014. Our assets consist of checking account balances of $125.00 and prepaid expenses of $29,561.00 as of June 30th, 2014.

For the quarter ended March 31st, 2014 we had no financial transactions and further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next three months of the fiscal year with existing cash on hand and loans from directors and/or shareholders.

Our registration statement filing became effective on December 19, 2012 and our partially completed website attracted several service inquiries as well as entering into letters of intent during the six month period ending June 30th, 2014.

Plan of Operation



Management is currently reviewing several qualified business options for the direction of the company. On a short-term basis, we have only generated $5,500 revenues to cover operations and we may have insufficient revenue to satisfy current and recurring liabilities as we continue to build the business. For short term needs we will be dependent on receipt, if any, of public offering proceeds and loans from directors and/or shareholders. Our audit reflects the fact that we have a limited current source of income. Further, that without realization of additional capital, it would be unlikely for the Company to continue as a going concern.

Our Business



Redfield Ventures, Inc is a development stage company. Management is currently reviewing several qualified business options for the direction of the company, including an online B2B platform. They are currently reviewing business and market studies and are expected to make their final decision by mid-summer.

15 Employees



As of June 30th, 2014, we had no employees.

The Company does not carry key person life insurance on its directors nor employees. The loss of the services of any of its executive officers or other directors could have a material adverse effect on the business, results of operations and financial condition of the Company. The Company's future success also depends on its ability to retain and attract highly qualified technical and managerial personnel.

There can be no assurance that the Company will be able to retain its key managerial and technical personnel or that it will be able to attract and retain additional highly qualified technical and managerial personnel in the future. The inability to attract and retain the technical and managerial personnel necessary to support the growth of the Company's business, due to, among other things, a large increase in the wages demanded by such personnel, could have a material adverse effect upon the Company's business, results of operations and financial condition.

Results of Operations for the three and six months ended June 30th, 2014 and September 30, 2012 and from January 27, 2012 (Inception) to June 30th, 2014.



The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this Quarterly Report.

Operating Expenses



The company had no financial transactions during the quarter with the change in management and expects to have a new business plan in operation for the next fiscal quarter

Net Loss



The company had no financial transactions during the quarter with the change in management and expects to have a new business plan in operation for the next fiscal quarter

Liquidity and Capital Resources



The Company had $125 and $125 in cash as of June 30th, 2014 and December 31, 2013, respectively.

The company had no active operations during the quarter and expects to have a new business plan in operation for the next fiscal quarter.

Net cash used in investing activities for the six months ended June 30th, 2014 and the same period in 2013 is $0.

Net cash provided by financing activities for the six months ended June 30th, 2014 and the same period in 2013 is $0.

On February 15, 2013 the company closed the initial offering of 5,000,000 shares of common stock offered at a fixed price of $0.01 per share pursuant to the initial offering under the Registration Statement on Form S-1 with the SEC effective in December 19, 2012. The proceeds received during the period ended March 31, 2013 was $11,950.

We had not yet recognized revenues from our operations. As a result, our current cash position may not be sufficient to fund our cash requirements during the next nine months including operations and capital expenditures.

We had assets at June 30th, 2014 of $29,686 including cash of $125. We will be reliant upon shareholder loans, private placements or public offerings of equity to fund any kind of operations. We have secured no sources of loans. We had no cash flow from operations during the period ended June 30th, 2014.

16 SHORT TERM



On a short-term basis, we have generated no revenues to cover operations. We will have insufficient revenue to satisfy current and recurring liabilities as we continue to build the business. For short term needs we will be dependent on receipt, if any, of insider loans, public offering or private placement proceeds.

As noted above, we believe that we do not have sufficient liquidity to satisfy our cash requirements for the next nine months, which will require us to raise additional external funds through the sale of additional equity or debt securities. Currently, we have no plans in place for additional capital. In any event, we expect that unless we begin generating revenue, we will need to raise additional funds over the next nine months to finance the costs of establishing the corporate infrastructure and related expenses, as well as sales and marketing expenses to support our business plan. The sale of additional equity securities will result in additional dilution to our shareholders. Sale of debt securities could involve substantial operational and financial covenants that might inhibit our ability to follow our business plan. Additional financing may not be available in amounts or on terms acceptable to us or at all. If we are unable to obtain additional financing, we may be required to reduce the scope of, delay or eliminate some or all of our business plan, which could harm our financial conditions and operating results.

Off-Balance Sheet Arrangements



We do not have 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 or operations, liquidity, capital expenditures or capital resources that is material to investors.

Inflation



We do not believe that our business and operations have been materially affected by inflation.


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Source: Edgar Glimpses


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