Content analysis
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H.S. freshman Avg
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New words:
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Removed:
acceptance, allocating, begun, broad, China, concentrated, confidence, damaged, devote, disrupted, ease, economy, emerge, emerged, estimated, executing, governmental, health, Hubei, imposed, improve, initially, intensely, legacy, List, Magdallan, marketing, marketplace, match, nominal, onboard, outbreak, pandemic, preventative, promotion, protective, Province, quickly, reliability, reluctant, reputation, resolve, restrictive, significance, strain, succeed, sufficiently, superior, switch, uncertain, widespread, worldwide, Wuhan
Financial report summary
?Management Discussion
- During fiscal years 2023 and 2022, we generated no revenues. In addition, we have a history of losses. The lack of revenues in fiscal 2023 resulted from the dissolution of the Company’s wholly-owned subsidiary MQL and the cessation of all activities related to the Algorithms and in 2022 revenues resulted from the inability of the Company’s licensee, New Asia Momentum, to secure new sub-licensees for the Company’s products after the return of the AUM associated with the Feuris Fund A activities in 2019, which resulted due to the risk profiles required by these regulated funds and banks reflects a lower level of risk, which resulted in significantly reduced frequency of trading activities which then led to the closure of the Feuris Fund A by Momentum as of September 30, 2019 and the return of the $ 6.67 million AUM to clients. The Company also effectively terminated all activities related to the licensing of its Algorithm products in the Fourth Quarter of 2022 and dissolved MQL in February 2023. The Company is currently in discussions on the development of new business initiatives as described previously.