Karbonx Corporation (PK)【KARX】株式ニュース

COCOLUV INC.

We are an emerging growth stage company which intends which intends to manufacture, market and sell a product line of five (5) haircare products derived from Virgin Coconut Oil. We currently have no product to sell, but we intend to create a haircare line of which will initially consist of five products; three for women and two for men. Our proposed products will be of superior quality in that they will have of base of Virgin Coconut oil. CocoLuv Inc. was incorporated in Nevada on September 13, 2017. We intend to use the net proceeds from this offering to operate our business only until Phase I of our Plan of Operation. Being a development stage company, we have no revenues or operating history. Our principal executive offices are located at 1390 Main Street, Suite 200, San Francisco, California 94102-5404. Our phone number is (800) 294-8513.

From inception until the date of this filing, we have had no operating activities. Our financial statements from inception (September 13, 2017) through the year ended May 31, 2018 and for the period ending November 30, 2018 reports no revenues and a net loss of $9,798. Our independent registered public accountant has issued an audit opinion for CocoLuv Inc. which includes a statement expressing substantial doubt as to our ability to continue as a going concern.

CocoLuv Inc. anticipates that it will derive its income from the sale of its proposed line of haircare products. We do not anticipate earning revenues until such time as we enter into commercial operation, which is defined as activities which involves the buying and selling of our proposed haircare products in exchange for compensation. We anticipate being in commercial operations within 12 to 18 months of closing this Offering. Anticipated expenditures over the next twelve months is estimated to be $200,000. Since we are presently in the development stage of our business, we can provide no assurance that we will successfully assemble, manufacturer and sell any products or services related to our planned activities. Further we cannot provide investors with any assurance that we will be able to raise sufficient funds to proceed with any work or activities.

Our plan of operation has two Phases. In Phase I, we intend to complete this offering and source and develop our business relationship with a proposed manufacturer and supplier while seeking out additional companies to provide us the same services for redundancy and possible competitive price advantages. In Phase II, we plan to conduct social media marketing to support initial customer online sales and begin to market our complete product lines for sale and use in salons and spas. Within the next 12 to 24 months CocoLuv Inc. plans to begin manufacturing of the 5 different hair products and to be in commercial operations. Expected expenditure s over the next twelve months are estimated to be $200,000. If we do not raise the full amount to be raised in this offering will may not have sufficient funds for us to begin our proposed operations and may not cover the cost of the offering. We cannot provide investors with any assurance that we will be able to raise sufficient funds to proceed with any work or activities.

In Phase II we estimate raising an additional $250,000 and is anticipated to take approximately 12 to 15 months to complete. As with Phase I, we cannot provide investors with any assurance that we will be able to raise sufficient funds to proceed with any work or activities of Phase I of our proposed development program. We plan to raise the additional funding for Phase II by way of a private debt or equity financing but have not commenced any activities to raise such funds.

As with Phase I, we will require additional funding to proceed with Phase II, we have no current plans on how to raise the additional funding, and we cannot provide investors with any assurance that we will be able to raise sufficient funds to proceed with any work or activities on Phase II of the proposed development program. Please refer to our Plan of Operations on page 14 of this Offering.

Neither management nor the Company’s shareholders have plans or intentions to be acquired. CocoLuv Inc. is not a blank check registrant as that term is defined in Rule 419(a)(2) of Regulation C of the Securities Act of 1933, since it has a specific business plan or purpose.

As of the date of this prospectus, there is no public trading market for our common stock and no assurance that a trading market for our securities will ever develop.

https://www.sec.gov/Archives/edgar/data/1729637/000147793218006107/cocoluv_s1a.htm