PROSPERO GROUP Financials

PERIOD ENDING31-Dec-0830-Sep-0831-Mar-0831-Dec-07Total Revenue -   -   -   -  Cost of Revenue(495) -   -   -  Gross Profit495   -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative(78)190  16  34  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss573  (190)(16)(34)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes573  (190)(16)(34)Interest Expense -   -   -   -  Income Before Tax573  (190)(16)(34)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops573  (190)(16)(34)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -...
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PROSPERO GROUP Files SEC form 10-K/A, Annual Report

Item 2. Management's Plan of Operation. THE FOLLOWING PRESENTATION OF MANAGEMENT'S PLAN OF OPERATIONS OF PROSPERO MINERALS CORP. SHOULD BE READ IN CONJUNCTION WITH THE FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION INCLUDED HEREIN. Form 10-K/A Prospero Minerals Corp. Page 12 Forward Looking Statements This report on Form 10-K/A contains certain forward-looking statements within the meaning of Section 21e of the Securities Exchange Act of 1934 , as amended, and other applicable securities laws. All statements other than statements of historical fact are " forward-looking statements " for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or explorations; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements. Overview Prospero was incorporated on July 23, 2002, under the laws of the State of Nevada. Prospero is an exploration stage company engaged in the acquisition and exploration of mineral properties. On June 20, 2006, Prospero Minerals Corp. announced its name change from "Corumel Minerals Corp." to "Prospero Minerals Corp." and increased its authorized capital. On March 28, 2003, Prospero entered into a Property Acquisition Agreement whereby it purchased a 100% interest in six mineral claims known as the Thor Group mineral claims. The Thor Group mineral claims are located near Harrison Lake in the New Westminster Mining Division of the Province of British Columbia. After Prospero acquired the Thor Group mineral clai...
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PROSPERO MINERALS CORP. Files SEC form 8-K, Other Events

Item 8.01 Other Items Management's Plan of Operation. THE FOLLOWING PRESENTATION OF MANAGEMENT'S PLAN OF OPERATIONS OF PROSPERO MINERALS CORP. SHOULD BE READ IN CONJUNCTION WITH THE FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION INCLUDED HEREIN. Plan of Operation for the Next Twelve Months Prospero has not had any significant revenues generated from its business operations since inception. Management expects that the revenues generated from its operations for the next 12 months will not be enough for its required working capital. Until Prospero is able to generate any consistent and significant revenue it may be required to raise additional funds by way of equity to accomplish this, the Asset Management Agreement with Cavitation Concepts Corporation was finalized at September 30, 2008. At any phase of its plan of operations set out below, if Prospero finds that it does not have adequate funds to complete a phase, it may have to suspend its operations and attempt to raise more money so it can proceed with its business operations. If Prospero cannot raise the capital to proceed it may have to suspend operations until it has sufficient capital. However, management expects to raise the required funds for the next 12 months through equity financing and with revenues generated from its business operations. To become profitable and competitive, Prospero needs to have at least one of its Joint Ventures, Advanced Cavitation Technology launched or Property Developments to begin and sustain production. To achieve this goal, management has prepared the following phases for Prospero's plan of operation for the next 12 months. Prospero Minerals Corp. through its largest shareholder, Cavitation Concepts Corporation Limited has signed and completed a Joint Venture Proposal using the private label of "MIC" Mechanically Induced Cavitation, which is owned by Prospero Minerals Corp. with Pyramid Power for its Water & Energy Turbine Technolog...
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