Financial Condition; Use of Proceeds. LFC is a newly-formed, development-stage company without revenues. LFC requires substantial additional capital with which to implement its complete business plan. There is no assurance that LFC will obtain such needed capital or that its business plan, when implemented, will prove to be successful. The funds derived under this Agreement will be utilized for working capital.
Appears in 10 contracts
Samples: Securities Purchase Agreement (LOUISIANA FOOD Co), Securities Purchase Agreement (LOUISIANA FOOD Co), Securities Purchase Agreement (LOUISIANA FOOD Co)
