GVBT Green Vision Biotechnology Corporation (PK)

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

GENERAL

On November 12, 2015, we changed our name to Vibe Wireless Corp in connection with merging with our wholly-owned subsidiary and adopted a business plan to pursue business opportunities in the global telecommunications industry. This name change and our ticker symbol change was acknowledged by FINRA and effected in the market on November 23, 2015.

On September 30, 2016, Vibe Wireless Corp. (the "Company") filed a Certificate of Amendment with the Nevada Secretary of State (the “Nevada SOS”) whereby it amended its Articles of Incorporation by increasing the Company’s authorized number of shares of common stock from 75 million to 750 million and increasing all of its issued and outstanding shares of common stock at a ratio of ten (10) shares for every one (1) share held. The Company’s Board of Directors approved this amendment on September 30, 2016.

On September 30, 2016, the Company filed Articles of Merger with the Nevada SOS whereby it entered into a statutory merger with its wholly-owned subsidiary, Green Vision Biotechnology Corp. pursuant to Nevada Revised Statutes 92A.200 et. seq. The effect of such merger is that the Company is the surviving entity and changed its name to “Green Vision Biotechnology Corp.”

On September 30, 2016, the Company filed an Issuer Company-Related Action Notification Form with FINRA requesting that the aforementioned forward split and name change be effected in the market. The Company also requested that its ticker symbol be changed to “GVBT”. Such notification form is being reviewed by FINRA. This name change and our ticker symbol change was acknowledged by FINRA and effected in the market on November 27, 2016.

Results of Operations

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Nine Month Period Ended October 31, 2016 Compared to Nine Month Period Ended October 31, 2015

Our net loss for the nine month period ended October 31, 2016 was $52,548 compared to a net loss of $15,493 for the nine month period ended October 31, 2015. During the nine-month periods ended October 31, 2016 and 2015, we have not generated any revenue.

During the nine month period ended October 31, 2016, we incurred general and administrative expenses of $ 52,548 compared to $15,493  incurred for the nine month period ended October 31, 2015. General and administrative fee expenses incurred during the nine month periods ended October 31, 2016 and 2015 were generally related to corporate overhead, financial and administrative contracted services.

The weighted average number of shares outstanding was 60,790,000 for the nine month periods ended October 31, 2016 and 2015.

Three Month Period Ended October 31, 2016 Compared to Three Month Period Ended October 31, 2015

Our net loss for the three month period ended October 31, 2016 was $ 35,593 compared to a net loss of $5,918 for the three month period ended October 31, 2015. During the three-month periods ended October 31, 2016 and 2015, we have not generated any revenue.

During the three month period ended October 31, 2016, we incurred general and administrative expenses of $35,593 compared to $5,918  incurred for the three month period ended October 31, 2015. General and administrative fee expenses incurred during the three month periods ended October 31, 2016 and 2015 were generally related to corporate overhead, financial and administrative contracted services.

The weighted average number of shares outstanding was 60,790,000 for the period ended October 31, 2015 and 2014.

Liquidity and Capital Resources

Nine Month Period Ended October 31, 2016

As of October 31, 2016, our total assets were $0 compared to $0 in total assets at January 31, 2016. As of October 31, 2016, our current liabilities were $ 89,583 Stockholders’ deficit was $89,583 as of October 31, 2016 compared to stockholders' deficit of $37,035 as of January 31, 2016. As of October 31, 2016, we had negative working capital of $89,583.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the nine month period ended October 31, 2016, net cash flows used in operating activities was $47,601. Net cash flows used in operating activities was $9,125 for the nine month period ended October 31, 2015.

Cash Flows from Investing Activities

For the nine month period ended October 31, 2016 and 2015, the Company has not generated any cash flows from investing activities.

Cash Flows from Financing Activities

Since inception we have financed our operations primarily from either advances from directors, officers, the issuance of equity, or loans from related parties. For the nine month period ended October 31, 2016, net cash provided by financing activities consisted of $47,601 loaned from related parties, compared to $8,950 in net cash provided during the same period from the previous year which consisted loans from affiliated parties.

Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds, loans from affiliated parties, other debt facilities, or further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of operating equipment; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Going Concern

The independent auditors' report accompanying our January 31, 2016 audited financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.