SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2011
OR
[ ] 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 0-53255
OPERA JET INTERNATIONAL LTD.
(Exact name of registrant as specified in its charter)
Delaware 20-5572714
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Trencianska 56/A
821 09 Bratislava
Slovakia
(Address of principal executive offices) (zip code)
(011) 421 2 2090 2741
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.
Yes X No
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of "large accelerated filer,"
"accelerated filer" and "smaller reporting company" in Rule 12b-2 of
the Exchange Act.
Large accelerated filer Accelerated Filer
Non-accelerated filer Smaller reporting company X
(do not check if a smaller reporting company)
Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).
Yes X No
Indicate the number of shares outstanding of each of the issuer's
classes of stock, as of the latest practicable date.
Class Outstanding at
June 30, 2011
Common Stock, par value $0.0001
Documents incorporated by reference: None
PART I
ITEM 1. FINANCIAL STATEMENTS
Balance Sheets as of June 30, 2011 and December 31, 2010 1
Statements of Operations for Three and Six Months Ended
June 30, 2011 and 2010 and for the Period from September
13, 2006 (Inception) to June 30, 2011 2
Statements of Changes in Stockholders' Deficit for the Period
from September 13, 2006 (Inception) to June 30, 2011 3
Statements of Cash Flows for the Six Months Ended
June 30, 2011 and 2010 for the Period from September 13,
2006 (Inception) to June 30, 2011 4
Notes to Financial Statements 5-8
OPERA JET INTERNATIONAL LTD.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
ASSETS
------
June 30, December 31,
2011 2010
---------- ------------
(Unaudited)
Current Assets
Cash $ 450 $ 450
-------- ---------
TOTAL ASSETS $ 450 $ 450
======== =========
LIABILITIES and STOCKHOLDERS'DEFICIT
Liabilities
Accrued liabilities $ 3,000 $ 3,000
-------- ---------
Total Current Liabilities 3,000 3,000
-------- ---------
Stockholders' Deficit
Preferred stock; $0.0001 par value,
20,000,000 shares authorized;
0 shares issued and outstanding - -
Common Stock, $0.0001 Par Value,
100,000,000 shares authorized;
21,500,000 Shares issued and
Outstanding 2,150 2,150
Discount on common stock (2,100) (2,100)
Additional paid-in capital 6,567 2,717
Deficit accumulated during
development stage (9,197) (5,317)
--------- ---------
Total stockholders' deficit (2,550) (2,550)
--------- ---------
TOTAL LIABILITIES and
STOCKHOLDERS' DEFICIT $ 450 450
========= =========
See accompanying notes to the financial statements
F-1
OPERA JET INTERNATIONAL LTD.
(A DEVELOPMENT STAGE COMPANY)
Statement of Operations
For the
For the Three For the Three For the Six For the Six Period from
Months Ended Months Ended Months Ended Months Ended September 13,
June 30, June 30, June 30, June 30, 2006
2011 2010 2011 2010 (Inception ) to
June 30, 2011
------------ ------------ ----------- ----------- ----------------
<c> <c>
Revenue $ - $ - $ - $ - $ -
Expenses
Organization expense - - - - 650
Professional Fees 2,630 - 3,880 - 8,547
------------ ------------ ----------- ----------- ----------------
Total expenses 2,630 - 3,880 - 9,197
------------ ------------ ----------- ----------- ----------------
Other Income (Expense)
Net loss $ (2,630) $ - $ (3,880) $ -
============ ============ =========== =========== ================
Basic and diluted
loss per share $ (0.00) $ - $ (0.00) $ -
============ ============ =========== ===========
Weighted Average
number of shares
outstanding;
basic and diluted 21,500,000 1,000,000 21,500,000 1,000,000
============ ============ =========== ===========
See accompanying notes to financial statements
F-2
OPERA JET INTERNATIONAL LTD.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CHANGES IN STOCKHOLDERS'DEFICIT
Deficit Total
Accumulated Stock
Discount Additional during holders'
Common Stock on Common Paid-in Development Equity
Shares Amount Stock Capital Stage (Deficit)
--------- ------- --------- --------- ---------- ----------
Balance, September 13, 2010 - $ - $ - $ - $ - $ -
(Date of Inception)
Common stock issuance 1,000,000 100 - 400 - 500
Fair value of expenses
contributed - - - 535 - 535
Net loss - - - - (535) (535)
--------------------------------------------------------------------------------------------------
Balance as of December
31, 2006 1,000,000 $ 100 $ - $ 935 $ (535) $ 500
--------------------------------------------------------------------------------------------------
Fair value of expenses
contributed - - - 115 - 115
Net loss - - - - (115) (115)
--------------------------------------------------------------------------------------------------
Balance as of December
31, 2007 1,000,000 $ 100 $ - $ 1,050 $ (650) $ 500
--------------------------------------------------------------------------------------------------
Net loss - - - - (2,000) (2,000)
--------------------------------------------------------------------------------------------------
Balance as of December
31, 2008 1,000,000 $ 100 $ - $ 1,050 $ (2,650) $(1,500)
--------------------------------------------------------------------------------------------------
Fair value of expenses
contributed - - - 1,667 - 1,667
Net loss - - - - (2,667) (2,667)
--------------------------------------------------------------------------------------------------
Balance as of December
31, 2009 1,000,000 $ 100 $ - $ 2,717 $ (5,317) $(2,500)
--------------------------------------------------------------------------------------------------
Redemption of stock by
founder (500,000) (50) - - - (50)
Issuance of common stock 21,000,000 2,100 (2,100) - - -
Net loss - - - - - -
--------------------------------------------------------------------------------------------------
Balance as of December
31, 2010 21,500,000 $2,150 $(2,100) $ 2,717 $ (5,317) $(2,550)
--------------------------------------------------------------------------------------------------
Fair value of expenses
contributed - - - 3,880 - 3,880
Net loss - - - - (3,880) (3,880)
--------------------------------------------------------------------------------------------------
Balance as of June 30,
2011 21,500,000 $2,150 $(2,100) $ 6,597 $ (9,197) $(2,550)
--------------------------------------------------------------------------------------------------
See the accompanying notes to the financial statements
F-3
OPERA JET INTERNATIONAL LTD.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS
------------------------
For the Six For the Six For the Period
Months Ended Months Ended from September 13,
June 30, June 30, 2006 (Inception)
2011 2010 to June 30, 2011
-------------- ----------- -------------
OPERATING ACTIVITIES
Net loss $ (3,880) $ - $ (9,197)
Adjustments to reconcile net loss to net
cash used by operating activities
Contributed organizational expenses - - 650
Contributed professional fees 3,880 - 5,547
Increase in liabilities - - 3,000
-------------- ----------- -------------
Net cash used in operating activities - - -
-------------- ----------- -------------
INVESTING ACTIVITIES - - -
-------------- ----------- -------------
FINANCING ACTIVITIES
Redemption of common stock - - 450
-------------- ----------- -------------
Net cash used in financing activities - - 450
-------------- ----------- -------------
Net decrease in Cash - - 450
Cash at beginning of period 450 500 -
-------------- ----------- -------------
Cash at end of period $ 450 $ 500 $ 450
=============- =========== =============
See accompanying notes to financial statements
F-4
OPERA JET INTERNATIONAL LTD.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
NOTE 1 NATURE OF OPERATIONS AND SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES
(A) Organization and Business Operations
Opera Jet International, Ltd., formerly Canistel Acquisition Corporation,
(a development stage company) ("the Company") was incorporated in
Delaware on September 13, 2006, to serve as a vehicle to effect a merger,
exchange of capital stock, asset acquisition or other business combination
with a domestic or foreign private business. As of December 31, 2010, the
Company had not yet commenced any formal business operations, and all
activity to date relates to the Company's formation. The Company's fiscal
year end is December 31.
In December 2010, the Board of Directors of the Company effected a
change in ownership whereby the two original stockholders of the
Company each redeemed 50% of their then respective outstanding
common stock in exchange for par value of the stock. The Company then
issued 21,000,000 shares to new investors in order to evoke the change in
ownership.
(B) BASIS OF PRESENTATION
The summary of significant accounting policies presented below is
designed to assist in understanding the Company's financial statements.
Such financial statements and accompanying notes are the representations
of the Company's management, who are responsible for their integrity and
objectivity. These accounting policies conform to accounting principles
generally accepted in the United States of America ("GAAP") in all
material respects, and have been consistently applied in preparing the
accompanying financial statements.
(C) Use of Estimates
These unaudited condensed financial statements should be read in
conjunction with the audited financial statements and notes thereto in the
Company's Form 10-K filed on April 14, 2011 with the SEC. In preparing
these condensed financial statements, management is required to make
estimates and assumptions that affect the reported amounts of assets and
liabilities as of the date of the condensed financial statements and the
reported amount of revenues and expenses during the reporting periods.
Actual results could differ from those estimates.
(D) Cash and Cash Equivalents
For purposes of the statement of cash flows, the Company considers all
highly liquid investments purchased with an original maturity of three
months or less to be cash equivalents.
(E) Taxes
Financial Accounting Standards Board ("FASB") Accounting Standards
Codifcation ("ASC") 740-10-50-2 requires deferred tax assets and
liabilities be recognized for future tax consequence attributable to
differences between the financial statement carrying amounts of existing
assets and liabilities and their respective tax bases. Deferred tax assets
and liabilities are measured using enacted tax rates expected to be applied
to taxable income in the years in which those temporary differences are
expected to reverse. The effect on deferred tax assets and liabilities of a
change in tax rates is recognized in the statement of income in the period
that includes the enactment date. A valuation allowance is provided for
deferred tax assets if it is more likely than not these items will either
expire before the Company is able to realize their benefits, or that future
deductibility is uncertain. Losses incurred by the Company in prior years
provide for a net operating loss carry-forward. However, due to the
unpredictability of the Company's future net income, the asset's balance
has been fully reserved for.
(F) Loss Per Common Share
Basic loss per common share is computed by dividing income available to
common stockholders by the weighted-average number of common shares
outstanding during the period. Diluted earnings per share is computed
similar to basic earnings per share except that the denominator is increased
to include the number of additional common shares that would have been
outstanding if the potential common shares had been issued and if the
additional common shares were dilutive. There were no potentially
dilutive securities for the three and six months ended June 30, 2011 and
2010.
5
(G) Fair Value of Financial Instruments FASB ASC 820 "Fair Value
Measurements and Disclosures" establishes a three-tier fair value
hierarchy, which prioritizes the inputs in measuring fair value.
The hierarchy prioritizes the inputs into three levels based on
the extent to which inputs used in measuring fair value are
observable in the market.
These tiers include:
Level 1: defined as observable inputs such as quoted prices in
active markets;
Level 2: defined as inputs other than quoted prices in active
markets that are either directly or indirectly
observable; and
Level 3: defined as unobservable inputs in which little or no
market data exists, therefore requiring an entity to
develop its own assumptions.
The carrying amounts of financial assets and liabilities, such as cash
and cash equivalents and accrued liabilities approximate their fair values
because of the short maturity of these instruments.
(H) RECENT ACCOUNTING PRONOUNCEMENTS
In December 2010, the FASB issued ASU 2010-29, Disclosure of
Supplementary Pro Forma Information for Business Combinations. This
proposed ASU reflects the consensus-for-exposure in EITF Issue No.
10-G, "Disclosure of Supplementary Pro Forma Information for Business
Combinations." The Amendments in this proposed ASU specify that if a
public entity presents comparative financial statements, the entity would
disclose revenue and earnings of the combined entity as though the
business combination(s) that occurred during the current year had occurred
as of the beginning of the comparable prior annual reporting period only.
This ASU would also expand the supplemental pro forma disclosures
under Codification Topic 805, Business Combinations, to include a
description of the nature and amount of material, nonrecurring pro forma
adjustments directly attributable to the business combination. This
proposed ASU would be effective prospectively for business combinations
that are consummated on or after the beginning of the first annual
reporting period beginning on or after December 15, 2010. Early adoption
would be permitted. The adoption of this ASU did not have a material
impact to our financial statements. The new disclosures and clarifications
of existing disclosures are effective now, except for the disclosures about
purchases, sales, issuances, and settlements in the roll forward of activity
in Level 3 fair value measurements. Those disclosures are effective for
fiscal years beginning after December 15, 2010, and for interim periods
within those fiscal years. The Company does not expect the adoption of
this ASU to have a material impact on its financial statements.
In May 2011, the Financial Accounting Standards Board ("FASB") issued
a new accounting standard on fair value measurements that clarifies the
application of existing guidance and disclosure requirements, changes
certain fair
value measurement principles and requires additional disclosures about
fair value measurements. The standard is
effective for interim and annual periods beginning after December 15,
2011. Early adoption is not permitted. The Company does not expect the
adoption of this accounting guidance to have a material impact on its
consolidated financial statements and related disclosures.
6
NOTE 2 GOING CONCERN
The Company has sustained operating losses since inception of the
Company on September 13, 2006. Additionally, the Company has total
stockholders' deficit of $2,550 at June 30, 2011. The Company also has a
net loss from operations of $3,880 and $0 for the periods ended June 30,
2011 and 2010, respectively. The Company's continuation as a going
concern is dependent on its ability to generate sufficient cash flows from
operations to meet its obligations, which it has not been able to accomplish
to date, and /or obtain additional financing from its stockholders and/or
other third parties.
While the Company strongly believes that its capital resources will be
sufficient in the near term, there is no assurance that the Company's
activities will generate sufficient revenues to sustain its operations
without additional capital, or if additional capital is needed, that such
funds, if available, will be obtainable on terms satisfactory to the
Company. The immediate future success of the Company is dependent on its
ability to find and successfully merge with a target business and on the
President and/or Tiber Creek Corporation to financially support the Company
until that time
The accompanying financial statements have been prepared assuming that
the Company will continue as a going concern; however, the above
conditions raise substantial doubt about the Company's ability to do so.
The financial statements do not include any adjustments to reflect the
possible future effects on the recoverability and classification of assets
or the amounts and classifications of liabilities that may result should
the Company be unable to continue as a going concern.
NOTE 3 STOCKHOLDERS' EQUITY
(A) Preferred Stock
The Company is authorized to issue 20,000,000 shares of preferred stock
at $0.0001 par value, with such designations, voting and other rights and
preferences as may be determined from time to time by the Board of
Directors.
(B) Common Stock
The Company is authorized to issue 100,000,000 shares of common stock
at $0.0001 par value. The Company issued 500,000 shares of its common
stock to Tiber Creek Corporation, a Delaware corporation, and 500,000
shares of its common stock to IRAA Fin Serv, an unincorporated
California business entity, pursuant to Section 4(2) of the Securities
Act of 1933 for an aggregate consideration of $500.
In December 2010, Tiber Creek Corporation and IRAA Fin Serv each
redeemed 250,000 shares of their respective common stock (500,000 total
shares) for a redemption price of $50.
In December 2010, the Company issued 21,000,000 shares of common
stock to new unrelated third party investors in order to evoke a change
in ownership.
NOTE 4 RELATED PARTIES
Legal counsel to the Company is a firm owned by a former officer of the
Company who also owns 100% of the outstanding stock of Tiber Creek
Corporation, a minority shareholder. Tiber Creek Corporation is expected
to perform consulting services for the Company in the future. Additional
paid-in capital as of June 30, 2011 includes $6,597 which is the fair
value of organization and professional costs incurred by related parties
on behalf of the Company.
7
NOTE 5 SUBSEQUENT EVENTS
In preparing these financial statements, the Company has evaluated events
and transactions for potential recognition or disclosure through August 15,
2011, the date the financial statements were available to be issued.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
Opera Jet international Ltd., originally named Canistel Acquisition
Corporation (the "Company") was incorporated on September 13, 2006
under the laws of the State of Delaware to engage in any lawful
corporate undertaking, including, but not limited to, selected
mergers and acquisitions.
opera Jet International Ltd. intends to negotiate to enter
an agreement for the acquisition and control of Opera Jet s.r.o.,
an operating aircraft charter operator company located in Slovakia.
The Company's sole officer and director is a director and manager
of Opera Jet s.r.o. Opera Jet s.r.o. currently charters business
jets within Europe, Russia, North Africa and the middle East. It
currently owns and operates a heavy jet but intends to focus on
providing light jet transport services.
At the time of this report, no agreements or contracts have
been entered and the Company has not negotiated any arrangement for
the acquisition of Opera Jet S.R.o.
If the negotiations with Opera Jet S.R.o. do not succeed, then
the Company will not restrict any alternate taget company search to
any specific business, industry, or geographical location and it may
participate in a business venture of virtually any kind or nature.
The Company would not restrict its search to any specific business,
industry, or geographical location and the Company may participate in
a business venture of virtually any kind or nature. Management
anticipates that it will be able to participate in only one potential
business venture because the Company has nominal assets and limited
financial resources.
The most likely target companies are those seeking the perceived
benefits of a reporting corporation. Such perceived benefits may include
facilitating or improving the terms on which additional equity financing
may be sought, providing liquidity for incentive stock options or similar
benefits to key employees, increasing the opportunity to use securities
for acquisitions, providing liquidity for shareholders and other factors.
Business opportunities may be available in many different industries and
at various stages of development, all of which will make the task of
comparative investigation and analysis of such business opportunities
difficult and complex.
In implementing a structure for a particular business acquisition,
the Company may become a party to a merger, consolidation, reorganization,
joint venture, licensing agreement or other arrangement with another
corporation or entity.
It is anticipated that any securities issued in any such
business combination would be issued in reliance upon exemption
from registration under applicable federal and state securities
laws. In some circumstances, however, as a negotiated element of
its transaction, the Company may agree to register all or a part of
such securities immediately after the transaction is consummated or
at specified times thereafter. If such registration occurs, it
will be undertaken by the surviving entity after the Company has
entered into an agreement for a business combination or has
consummated a business combination. The issuance of additional
securities and their potential sale into any trading market which
may develop in the Company's securities may depress the market
value of the Company's securities in the future if such a market
develops, of which there is no assurance.
While the terms of a business transaction to which the Company may
be a party cannot be predicted, it is expected that the parties to the
business transaction will desire to avoid the creation of a taxable event
and thereby structure the acquisition in a tax-free reorganization under
Sections 351 or 368 of the Internal Revenue Code of 1986, as amended.
The Company will participate in a business combination only after the
negotiation and execution of appropriate agreements. Although the terms
of such agreements cannot be predicted, generally such agreements will
require certain representations and warranties of the parties thereto,
will specify certain events of default, will detail the terms of closing
and the conditions which must be satisfied by the parties prior to and
after such closing and will include miscellaneous other terms.
The Company has no employees and one person who serves as
both the Company's president and director.
The Company registered its common stock on a Form 10
registration statement filed pursuant to the Securities Exchange
Act of 1934 (the "Exchange Act") and Rule 12(g) thereof. The
Company files with the Securities and Exchange Commission periodic
and current reports under Rule 13(a) of the Exchange Act, including
quarterly reports on Form 10-Q and annual reports Form 10-K.
The Company's documents filed with the Securities and
Exchange Commission may be inspected at the Commission's principal
office in Washington, D.C. Copies of all or any part of the registration
statement may be obtained from the Public Reference Section of the
Securities and Exchange Commission, 100 F Street N.E.,
Washington, D.C. 20002. Call the Commission at 1-800-SEC-0330
for further information on the operation of the public reference rooms.
The Securities and Exchange Commission also maintains a web
site at http://www.sec.gov that contains reports, proxy statements
and information regarding registrants that file electronically with
the Commission. The Company's filings may be located under the
CIK number 0001435615.
The Company has no properties and at this time has no
agreements to acquire any properties. The Company currently uses
the offices of management at no cost to the Company. Management
has agreed to continue this arrangement until the Company completes
a business combination.
There is currently no public market for the Company's securities.
At such time as it qualifies, if at all, the Company may choose to
apply for quotation of its securities on the OTC Bulletin Board.
The OTC Bulletin Board is a dealer-driven quotation service.
Unlike the Nasdaq Stock Market, companies cannot directly apply to be
quoted on the OTC Bulletin Board, only market makers can initiate
quotes, and quoted companies do not have to meet any quantitative
financial requirements. Any equity security of a reporting company not
listed on the Nasdaq Stock Market or on a national securities exchange is
eligible.
As such time as it qualifies, if at all, the Company may choose to
apply for quotation of its securities on the Nasdaq Capital Market.
In general there is greatest liquidity for traded securities on
the Nasdaq Capital Market and less on the OTC Bulletin Board. It is
not possible to predict where, if at all, the securities of the Company
will be traded following a business combination.
The financial statements accompanying this report include a
note raising doubt of the ability of the company to continue as a going
concern without the addition of investment capital or effecting a
business combination.
ITEM 3. Quantitative and Qualitative Disclosures About Market Risk.
Information not required to be filed by Smaller reporting companies.
ITEM 4. Controls and Procedures.
Disclosures and Procedures
Pursuant to Rules adopted by the Securities and Exchange Commission,
the Company carried out an evaluation of the effectiveness of the design
and operation of its disclosure controls and procedures pursuant to
Exchange Act Rules. This evaluation was done as of the end of the
period covered by this report under the supervision and with the
participation of the Company's principal executive officer (who is
also the principal financial officer).
Based upon that evaluation, he believes that the Company's
disclosure controls and procedures are effective in gathering, analyzing
and disclosing information needed to ensure that the information
required to be disclosed by the Company in its periodic reports 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 Act is accumulated and
communicated to the issuer's management, including its principal executive
and principal financial officers, or persons performing similar functions,
as appropriate to allow timely decisions regarding required disclosure.
This Quarterly Report does not include an attestation report of
the Company's registered public accounting firm regarding internal
control over financial reporting. Management's report was not subject
to attestation by the Company's registered public accounting firm
pursuant to temporary rules of the Securities and Exchange
Commission that permit the Company to provide only management's
report in this Quarterly Report.
Changes in Internal Controls
There was no change in the Company's internal control over
financial reporting that was identified in connection with such
evaluation that occurred during the period covered by this report
that has materially affected, or is reasonably likely to materially
affect, the Company's internal control over financial reporting.
PART II -- OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
There are no legal proceedings against the Company and the Company
is unaware of such proceedings contemplated against it.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
During the past three years, the Company has issued 21,000,000
common shares pursuant to Section 4(2) of the Securities Act of 1933 for
an aggregate purchase price of $2,000:
On December 3, 2010, the Company issued the following shares of its
common stock:
Name Number of Shares Consideration
Forsyma Holdings Limited 20,000,000
Otto Clark 500,000
Vladimir Ulman 500,000
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Not applicable.
ITEM 5. OTHER INFORMATION
(a) Not applicable.
(b) Item 407(c)(3) of Regulation S-K:
During the quarter covered by this Report, there have not been
any material changes to the procedures by which security holders
may recommend nominees to the Board of Directors.
ITEM 6. EXHIBITS
(a) Exhibits
31 Certification of the Chief Executive Officer and Chief
Financial Officer pursuant to Section 302 of
the Sarbanes-Oxley Act of 2002
32 Certification of the Chief Executive Officer and Chief
Financial Officer pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
OPERA JET INTERNATIONAL LTD.
By: /s/ Martin Hudec
President, Chief Financial Officer
Dated: August 15, 2011