10-Q/A 1 b16pacman10q4-7-19.htm 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: January 31, 2019

 

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from ___________ to____________

 

Commission File Number: 333-202717

 

PACMAN MEDIA INC.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

 

 

 

 

 

 

Nevada

 

7373

 

32-0421189

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification No.)

 

David Mark Evans

President/Secretary/Treasurer/Director

Unit 8954

483 Green Lanes London, N134BS England, U.K.

Telephone No.: +44(745) 481-0618
e-mail: pacmanmedia@mail.ru

 

                                                                                               

 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

 

Securities registered under Section 12(b) of the Exchange Act

None

 

 

 

Securities registered under Section 12(g) of the Exchange Act

None


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Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer [  ]Accelerated Filer[  ] 

Smaller Reporting Company[X]  

Non-Accelerated Filer [  ] (Do not check if a smaller reporting company) Emerging Growth Company[  ] 

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [X] No [  ]

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.

N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.  Yes[   ]  No[ X  ]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class

Outstanding as of January 31, 2019

Common Stock: $0.001

6,260,000


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PART 1   

FINANCIAL INFORMATION

 

Item 1

Financial Statements (Unaudited)

4

   

  Balance Sheets

4

      

  Statements of Operations

5

 

  Statements of Cash Flows

6

 

  Notes to Financial Statements

7

Item 2.   

Management’s Discussion and Analysis of Financial Condition and Results of Operations

10

Item 3.   

Quantitative and Qualitative Disclosures About Market Risk

12

Item 4.

Controls and Procedures

12

PART II.

OTHER INFORMATION

 

Item 1   

Legal Proceedings

13

Item 2.  

Unregistered Sales of Equity Securities and Use of Proceeds

13

Item 3   

Defaults Upon Senior Securities

13

Item 4      

Mine safety disclosures

13

Item 5  

Other Information

13

Item 6      

Exhibits

13

 

Signatures

14


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PACMAN MEDIA INC.

Condensed Balance Sheets  (unaudited)  

 

ASSETS

 

 

January 31, 2019

 

 

October 31, 2018

 

Current Assets

 

 

Cash and cash equivalents

$90  

$1,542  

 

Total Current Assets

90  

1,542  

 

 

 

Other Assets

 

 

Website development

2,717  

3,257  

Total Assets

$2,807  

$4,799  

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

Liabilities

 

 

Current Liabilities

 

 

Accounts Payable

$7,000  

$6,500  

Federal Tax Liability

10,615  

 

Loan from director

5,180  

1,680  

Total Liabilities

$22,795  

$8,180  

 

Stockholders’ Equity

 

 

Common stock, par value $0.001; 75,000,000 shares authorized, 6,260,000 shares issued and outstanding

6,260  

6,260  

Additional paid in capital

22,016  

22,016  

Stock Subscription Receivable

 

 

Deficit accumulated during the development stage

(48,264) 

(31,657) 

Total Stockholders’ Equity (Deficit)

(19,998) 

(3,381) 

Total Liabilities and Stockholders’ Equity

$2,807  

$4,799  

 

 

 

 

 

 

 

See accompanying notes to condensed unaudited financial statements.


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PACMAN MEDIA INC.

Condensed Statements of Operations (unaudited)

 

 

Three months ended January 31, 2019

Three months ended January 31, 2018

 

 

 

REVENUES

$ 

$ 

 

 

 

OPERATING EXPENSES

 

 

Amortization

540  

540  

Professional Fees

5,282  

3,250  

Bank fees

90  

90  

Business Licenses and Permits

50  

 

Federal tax liability

10,615  

 

Miscellaneous Expenses

30  

 

TOTAL OPERATING EXPENSES

16,607  

3,880  

 

 

 

NET INCOME/ LOSS FROM OPERATIONS

(16,607) 

(3,880) 

 

 

 

PROVISION FOR INCOME TAXES

 

 

 

 

 

NET INCOME/ LOSS

$(16,607) 

$(3,880) 

 

 

 

NET LOSS PER SHARE: BASIC AND DILUTED

$(0.00) 

$(0.00) 

 

 

 

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED

6,260,000  

6,181,505  

 

 

 

 

 

 

See accompanying notes to condensed unaudited financial statements.


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PACMAN MEDIA INC.

Statement of Changes In Stockholders’ Equity

Three months ended January 31, 2019 (Unaudited)

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

 

 

 

Shares

 Amount

 Additional Paid-In Capital

 

Subscription

Receivable

 Accumulated Deficit

 Total Shareholders' Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at October 31, 2017

6,120,000 

$6,120 

20,756 

(2,700) 

$(19,895) 

4,281  

 

 

 

 

 

 

 

Shares issued for cash at $0.01 per share

140,000 

140 

1,260 

 

 

1,400  

Subscription Receivable

 

 

 

2,700  

 

2,700  

 

Net Loss for the three months ended January 31, 2018

 

 

 

 

 

$(3,880) 

(3,880) 

Balance at January 31, 2018

6,260,000 

6,260 

22,016 

 

$(23,775) 

4,501  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at October 31, 2018

6,260,000 

$6,260 

$22,016 

 

$(31,657) 

$(3,381) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Loss for the three months ended January 31, 2019

 

$- 

- 

 

$(16,607) 

$(16,607) 

Balance at January 31, 2019

6,260,000 

$6,260 

$22,016 

 

$(48,264) 

$(19,998) 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements.


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PACMAN MEDIA INC.

Condensed Statement of Cash Flows (unaudited)

 

 

 

 

Three months to January 31, 2019

Three months to January 31, 2018

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

Net loss for the period

$(16,607) 

$(3,880) 

Changes in assets and liabilities:

 

 

Increase in accounts payable

500  

 

Federal tax liability

10,615  

 

Accounts Receivable

 

 

Amortization Expense

540  

540  

CASH FLOWS USED IN OPERATING ACTIVITIES

(4,952) 

(3,340) 

 

 

 

 

 

 

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

 

 

Issuance of Common Stock

 

1,400  

Stock Subscription Receivable

 

2,700  

Director loan

3,500  

 

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

3,500  

4,100  

 

 

 

 

 

 

 

 

 

NET INCREASE IN CASH

(1,452) 

760  

Cash, beginning of period

1,542  

7,044  

Cash, end of period

$90  

$7,804  

 

 

 

SUPPLEMENTAL CASH FLOW INFORMATION:

 

 

Interest paid

$ 

$ 

Income taxes paid

$ 

$ 

 

 

 

 

 

 

See accompanying notes to condensed unaudited financial statements.


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pacman media inc.

(A Development stage company)

 

Notes to the Financial Statements

 

Note 1: Organization and Basis of Presentation

 

Pacman Media, Inc. (the “Company”) is a for profit corporation established under the corporation laws in the State of Nevada, United States of America on September 25, 2013.

 

The Company is located at Unit 8954- 483 Green Lanes London, N134BS England, U.K.

 

 

The Company intends to commence operations as a developer of mobile apps to be used on smartphones, tablet computes, and other mobile devices.

 

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Financial Statements and related disclosures as of January 31, 2019 are audited pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Unless the context otherwise requires, all references to “Pacman Media, Inc.,” “we,” “us,” “our” or the “company” are to Pacman Media, Inc.

 

 

Note 2: Going Concern

 

The accompanying financial statements and notes have been prepared assuming that the Company will continue as a going concern.

 

For the period ended January 31, 2019, the Company had a net loss of $(16,607).  The Company’s ability to continue as a going concern is dependent upon the Company’s ability to generate sufficient revenues to operate profitably or raise additional capital through debt financing and/or through sales of common stock.

 

Note 3: Significant Accounting Policies and Recent Accounting Pronouncements

 

Use of Estimates and Assumptions

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.

 

Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.

 

Cash and Cash Equivalents

 

The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.

 

 

Disclosures as of January 31, 2019 and 2018


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ASC 825, “Disclosures about Fair Value of Financial Instruments”, requires disclosure of fair value information about financial instruments.  ASC 820, “Fair Value Measurements” defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements.  Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of January 31, 2019.

 

The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values.  These financial instruments include cash, accrued liabilities and notes payable.  

Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value.

 

The results for the three months ended January 31, 2019 are not necessarily indicative of the results of operations for the full year. These financial statements and 

related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on

Form 10K for the year ended October 31, 2018, filed with the Securities and Exchange Commission.

 

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at January 31, 2019 and for the related periods presented. 

 

 

 

Basic and Diluted Loss Per Share

 

The Company computes earnings (loss) per share in accordance with ASC 260-10-45 “Earnings per Share”, which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net earnings (loss) available to common stockholders by the weighted average number of outstanding common shares during the period.  Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive earnings (loss) per share excludes all potential common shares if their effect is anti-dilutive. The Company has no potential dilutive instruments, and therefore, basic and diluted earnings (loss) per share are equal.

 

Revenue Recognition

 

The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, “Revenue Recognition” ("ASC-605"). ASC-605 requires that four basic criteria must be met before revenue can be recognized:

 

1.Persuasive evidence of an arrangement exists  

2.Delivery has occurred  

 

3.The selling price is fixed and determinable 

4.Collectability is reasonably assured.  

 

Determination of criteria (3) and (4) are based on management's judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, or other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

 

Recent Accounting Pronouncements

 

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

 

Note 4: Legal Matters

 

The Company has no known legal issues pending.

 

Note 5: Debt


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From September 25, 2013 through January 31, 2019, Dave Evans, the sole director and President of the Company, provided loans to the Company totaling $1,680, which is being carried as a note payable. On November 21, 2018, the director loaned $3,500 to the Company to pay for expenses.  As of January 31, 2019, the director loan outstanding is $5,180.  The loan is non-interest bearing, unsecured and due upon demand.

 

Note 6: Federal Tax Liability

The IRS has assessed a penalty for the year ended October 31, 2015 for failure to timely file Form 5472. The Company has filed and the IRS has processed tax  returns for 2016 and 2017 and no assessment has been made. The Company has filed the 2018 tax return, however, the IRS has not processed the return.

Note 7: Capital Stock

 

On September 25, 2013 the Company authorized 75,000,000 shares of commons stock with a par value of $0.001 per share.

During the years ending October 2014 and 2015, the Company issued a total of 4,000,000 common shares for cash proceeds of $4,000.

During the year ending October 31, 2016, the Company issued 400,000 common shares at $0.01 for cash proceeds of $4,000.

During the year ending October 31 2017, the Company issued 1,720,000 common shares at $0.01 per share for cash proceeds of $17,200.

During the year ending October 31, 2018, the Company issued 140,000 common shares at $0.01 per share for cash proceeds of $1,400.

As of January 31, 2019, there were 6,260,000 shares of common stock issued and outstanding.

As of January 31, 2019, there were no outstanding stock options or warrants.

 

Note 8: Income Taxes

 

As of January 31, 2019, the Company had net operating loss carry forwards of approximately $ (48,264) that may be available to reduce future years’ taxable income in varying amounts through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

 

The provision for Federal income tax consists of the following:

 

 

 

 

 

 

 

 

 

January 31, 2019

 

October 31, 2018

Federal income tax benefit attributable to:

 

 

Current Operations

$3,487  

$815  

Less: valuation allowance

(3,487) 

(815) 

Net provision for Federal income taxes

 

 

 

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

 

 

Deferred tax asset attributable to:

 

January 31, 2019

 

October 31, 2018

Net operating loss carryover

 

 

 

 

 

Less: valuation allowance

$10,135 

$6,648 


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Net deferred tax asset

(10,135) 

(6,648) 

 

 

 

 

 

 

 

 

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $48,264 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

 

Note 9: Related Party Transactions

 

The Company neither owns nor leases any real or personal property. The director of the Company provides office space and services free of charge. The Company's sole officer and director is involved in other business activities and may in the future, become involved in other business opportunities as they become available.

 

The Company has a related party transaction involving the sole director and officer. The nature and details of the transaction are described in Note 5.

 

Note 10: Subsequent Events

Effective March 29, 2019, a change of control occurred with respect to Pacman Media Inc. (“Company”). Pursuant to a Securities Purchase Agreement entered into by and among the Company, Mr. David Mark Evans (“Seller”) and Hillhouse Shareholding Group Co. (“Buyer”), Buyer acquired from Seller 4,000,000 shares of common stock of Company. In addition, pursuant to a separate Stock Purchase Agreement by and among Hillhouse Shareholding Group Co (“Hillhouse”), as buyer, and certain other shareholders of the Company, Hillhouse acquired an additional 2,257,000 shares of common stock of the Company. The total number of shares of common stock acquired by Hillhouse is 6,257,000, and all such shares now held by Hillhouse are “restricted” and/or “control” securities. As additional consideration for entering into the Securities Purchase Agreement, at closing, the Seller assumed all of the liabilities of the Company, waived all amounts due to him by the Company and the Company assigned all assets to the Seller

 

In connection with the above transactions, the Company has ceased its operations and is now a “shell company” as defined under the Securities Act of 1933, as amended.

 

In addition, with respect to the above described Securities Purchase Agreement with Mr. Evans, Mr. Evans, the then sole officer and director of the Company, resigned as a director of the Company and Mr. Guobin Su was appointed the sole director and President of the Company. As of the date of this filing, Mr. Evans remained as Chief (Principal) Executive Officer and Chief (Principal) Financial Officer.

 

In accordance with ASC 855-10, the Company has evaluated events subsequent through the date these financial statements have been issued to assess the need for potential recognition or disclosure in this report. Such events were evaluated through January 31, 2019 and to the date these financial statements were available to be issued. Other than as stated herein, there have been no subsequent events for which disclosure is required.

 

 

 

 

 

FORWARD LOOKING STATEMENTS

 

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those


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presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

 

 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

EMPLOYEES AND EMPLOYMENT AGREEMENTS

 

At present, we have no employees other than our officer and director.  We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future.  There are presently no personal benefits available to any officers, directors or employees.

 

 

Results of Operation

 

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

 

Three Months Period Ended January 31, 2019 and 2018

 

Our net loss for the three months periods ended January 31, 2019 and 2018 were $(16,607) and $(3,880).  During the three months periods ended January 31, 2019 and 2018 we have not generated any revenue.  

 

During the three months periods ended January 31, 2019 and 2018, our operating expenses were bank fees, professional fees, and amortization. The weighted average number of shares outstanding was 6,260,000 and 6,181,505 for the three months ended January 31, 2019 and 2018.

 

Liquidity and Capital Resources

 

Three Months Period Ended January 31, 2019  

 

As at January 31, 2019, our total assets were $2,807 compared to $4,799 in total assets as of October 31, 2018. Total assets were comprised of cash and equivalents and website development. As at January 31, 2019 our current liabilities were $22,795 consisting of $5,180 director loan and accounts payable of $17,615 and at October 31, 2018, our current liabilities were $8,180 consisting of $1,680 owed to our director and $6,500 in accounts payable (website development). Stockholders’ equity was $ 19,998 as of January 31, 2019 and $3,381 as of October 31, 2018.   

 

Cash Flows from Operating Activities

 

We have not generated positive cash flows from operating activities for the three months period ended January 31, 2019, net cash flows used in operating activities was $(4,952) and for the three months period ended January 31, 2018 $(3,340).

 

Cash Flows from Investing Activities

 

For the three months period ended January 31, 2019 and 2018, we have not generated cash flows from investing activities.  

Cash Flows from Financing Activities

For the three months period ended January 31, 2019, we have generated cash flows from financing activities $3,500 from director loan.  For the three months period ended January 31, 2018, we have generated $4,100 cash flows from financing activities from issuing of common stock.

 

Plan of Operation and Funding


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We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

 

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

 

Off-Balance Sheet Arrangements

 

As of the date of this Quarterly Report, 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 of operations, liquidity, capital expenditures or capital resources that are material to investors.

 

Going Concern

 

The independent auditors' review report accompanying our January 31, 2019 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

No report required.

 

 

ITEM 4. CONTROLS AND PROCEDURES

 

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of January 31, 2019. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three-month period ended January 31, 2019 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.


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PART II. OTHER INFORMATION

 

 

ITEM 1. LEGAL PROCEEDINGS

 

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

 

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

No report required.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

No report required.

 

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not applicable.

 

 

ITEM 5. OTHER INFORMATION

 

No report required.

 

 

ITEM 6. EXHIBITS

 

Exhibits:

 

 

31.1 Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

 

31.2 Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

 

32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

 

 

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


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Pacman Media Inc.

 

Dated: April 11, 2019

By: /s/ David Mark Evans

David Mark Evans, President and Chief (Principal) Executive Officer and Chief (Principal) Financial Officer

 

 

 


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