October 1, 2020
Quarterly Report Under Section 13 or 15(d) of
The Securities Exchange Act of 1934
Commission File Number 333-65069
EXACT NAME as this appears in our Charter: Access-Power & Co., Inc.
YEAR: 1996
STATE OF INC: FLORIDA
QUARTERLY REPORT PERIOD ENDING: September 30, 2020
I.R.S. Employer Identification No. 59-3420985
PO BOX 598
Grand Haven, MI 49417
(Address of principal executive office) (Zip Code)
Issuer's telephone number, including area code: (616) 312-5390
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
/X/ Quarterly Report Under Section 13 or 15(d) of
The Securities Exchange Act of 1934
For the Quarterly Period Ended June 30, 2020
/_/ Transition Report Under Section 13 or 15(d) of The Exchange Act
Commission File Number 333-65069
Access-Power & Co., Inc.
(Exact Name of Small Business Issuer as Specified in its Charter)
Florida 59-3420985
(State or other jurisdiction of
(State or other jurisdiction of
|
Corporation or organization) (I.R.S. Employer Identification No.)
17164 Dune View Drive Apt 106, Grand Haven MI 49417
(Address of principal executive office) (Zip Code)
|
Issuer's telephone number, including area code: (616)312-5390
Transitional Small Business Disclosure Format (check one): Yes __ No X
Smaller Reporting Company: Yes X NO ___
Emerging Growth Company: Yes X NO ___
Indicate whether registrant is a shell company: Yes ___ NO X
MOST RECENT CLOSING PRICE $.003 PER SHARE.
On October 18, 2019, we started trading in the PINK NO INFORMATION
tier of OTC Markets.
The Company in July of 2020 was denied an application to go PINK CURRENT.
ACCR was told by OTC Markets to re-apply in 6 months, and so this is our
objective. We plan to hire a new attorney to represent us in our future filings
with OTC Markets.
AS OF THE CLOSE OF BUSINESS SEPTEMBER 30, 2020, THE
AGGREGATE MARKET CAPITALIZATION ON A FULLY DILUTED
BASIS IS $900,000.00 BASED ON A CLOSING PRICE OF $.003
PER SHARE.
This ISSUER does not trade in any of our common stock.
My Dear Shareholders and the Commissioners of the SEC,
ACCR CASH ON HAND 9/30/2020: $38,500.23
We expect this to grow in the future. How did ACCR get to this amount of
CASH? We had DEATH, and our Director donated $25,000.00 which will
be treated as a one time paid in capital donation.
THIS CORPORATION HAS NEVER BEEN THE INQUIRY OF ANY
INVESTIGATION BY NEITHER THE SEC, FINRA, or OTC MARKETs.
ACCR MADE THE FINRA DAILY LIST 5/6/2020.
We plan to gain clarity on the SEC changes to rule 15c211. We respect this
RULE of LAW.
https://www.sec.gov/rules/final/2020/33-10842.pdf
WE ARE SUPER CLEAN. WE DESERVE TO HAVE SOLICITED
QUOTATION OF OUR SHARES. WE HAVE A FIXED FLOAT OF
98,376,146 SHARES CERTIFIED MONTHLY AT OTC MARKETS.COM
ACCR should have a Market Maker soliciting quotes at the MARKET. I am
cloing my eyes right now, and praying to GOD...We will have a market
maker solicitation...I can do it.
Soon, please have just a little more patience with ME, as GUARDIAN of our
ACCR Treasury.
Access-Power & Co., Inc. is a fixed DTC float Company with 98,376,146
shares. We only have 1 Director with the Company since March 1, 2012.
We have had a long road of being victimized pre-2012.
We were victims of a criminal toxic floorless convertible debenture,
which diluted and murdered our common stock via our Transfer Agent.
The criminals circa. 1999-2008s raided the Treasury, and diluted the stock, and
filed a criminal Form 15 thinking that the Corporation would DIE. They left us
to DIE and listen to me, TODAY we are ALIVE. We are NOT A SHELL.
We recently won one of our Counties largest grant winners, through the
$100,000,000 Federal Cares Act.
WE ARE ALIVE TODAY!
https://standardtransferco.com - 98,376,146 common shares in our DTCC
FLOAT. THERE IS NO DILUTION IN ACCR THROUGH THE END
OF 2021.
We have had the same Transfer Agent since May
1997, and our TA is SEC registered, Standard Registrar.
With our recent donation of $25,000.00 from our Director, our cash position
remains strong.
WE ARE NOT A SHELL COMPANY.
WE DO NOT ABUSE OUR EDGAR REPORTING PRIVILEDGEs. THE
SEC WELCOMES OUR FILINGS AS WE CONTINUE TO MAKE
PROGRESS...JUST LOOK AT OUR CURRENT CASH ON HAND. The last
communication with our SEC Attorney contact was on the week of September
21st, 2020. We remain in good standing with the SEC, period.
The attorney assigned to ACCR is clear to our intention to protect Shareholder
value. I am the GUARDIAN of our shares, FOREVER!
We have had communications (VERBAL and WRITTEN) as many as 25 times so
far this year with the SEC. We remain in GOOD STANDING with the SEC.
WE ONLY HAVE COMMON STOCK IN OUR SHARE STRUCTURE.
Our Share Structure remains:
AUTHORIZED 300,000,000 common shares
OUTSTANDING 300,000,000 common shares
PATRICK RESTRICTED 186,984,379 common shares or 62.3281% of VOTE
DTC CLEAR FLOAT 98,376,146 common shares held since 3/1/2012
|
https://www.otcmarkets.com/stock/ACCR/security
This has been a long road for my Shareholders. At the stroke of a pen, we also
received the sales proceeds to the following vehicles:
2013 BMW 750 Li Extended Rear Cabin Luxury Sedan.
https://www.ebay.com/itm/383744852537
2010 BMW 650i Racing "M-tuned" Sport Edition Coupe.
https://www.ebay.com/itm/383744911127
Our Corporation lives forever here:
http://www.sunbiz.org
As of July 1, 2020, we have $38,500.23 in our Premiere Checking account now.
CASH IS KING in today's market. Just stay with ME...
We plan to find a MARKET MAKER to file our FORM 211 with FINRA.
PATRICK
Part I. Financial Information
Item 1. Financial Statements
CASH ON HAND
CERTIFIED BY A
BANK OFFICER
September 30th, 2020
UNAUDITED
ACCESS-POWER & CO., INC.
(An Emerging Growth Company)
Balance Sheets Comps Assets
June 30, September 30,
2020 2020
------------------------- --------------
(unaudited)
Current assets:
Cash $ 12,670.00 $38,500.23
CDs
Accounts receivable $ 0 $ 0
Prepaid expenses/ $3,000.00 $68,000.00
Inventory at the
stroke of a pen
by our Director
----------------------------- -----------
Total current assets $ $ 15,670.00 $ 106,500.23
--------------------------------------
Property and equipment, net $1,000 $ 1,000
Other assets $ 0 $ 0
---------------------------------------------------------
|
Total assets $15,670.00 $ 107,500.23
Liabilities and
Stockholders' Equity
(Deficit)
Current liabilities:
Accounts payable and accrued
expenses / personal
loan by our Director, converted
to our debt at the stroke of a pen
immediate / personal
debt converted to the Company $1,000.00 ( $ 33,500.00)
Current portion of long-term debt -
Total current liabilities $ 0 $ 0
Convertible debentures $ 0 $ 0
Total liabilities $0,000.00 $ 0
----------------------------------
Stockholders' equity
(deficit): $14,670.00
Common stock,
$.001 par value,
authorized
|
300,000,000 shares issued 9/30/2020 $66,500.23
Total liabilities
and stockholders'
equity (deficit) $300,000,000.00 $300,000,000.00
ACCESS-POWER, INC
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (unaudited)
THREE MONTHS ENDED September 30th 2020
CASH FLOW
CASH REVENUE $ 2,300.00
COST OF REVENUE $ 0
--------------------------------------------------------------------------
GROSS PROFIT (LOSS) $ 2,300.00
CASH ON HAND $ 38,500.23
|
OPERATING EXPENSES
Selling, general and administrative exp rent, and utilities $ 0.00
Consulting fees $ 0.00
Professional fees and related expenses $ 11,370.00
TOTAL OPERATING EXPENSES $ 0.00
Salaries $ 9,000.00
Fair value of derivative liability $ 0.00
OTHER INCOME nonrecurring $ 0.00
Gain on debt extinguishment $ 0.00
(LOSS) INCOME BEFORE PROVISION FOR $ 0.00
INCOME TAXES $ 20,370.00
PROVISION FOR INCOME TAXES
treated as prepaid expense on
balance sheet $ 0.00
NET (LOSS) INCOME ($ 20,370.00)
BASIC (LOSS) INCOME PER SHARE
DILUTED (LOSS) INCOME PER SHARE ( $ 0.15)
|
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING BASIC SHARES 300,000,000 shares
RESTRICTED SHARES 201,625,854 shares
ESTIMATED FLOAT LESS THAN 98,376,146 shares
/s/
Patrick J Jensen
These financials documents are prepared within the Spirit of the Law.
Our Director has committed to make valuable the 98,376,146 common
shares available in our FLOAT. There is ONLY this amount of
common stock. There are NO MORE SHARES!!!
|
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
Overview and Plan of Operation
ACCR is learning the Used Car Business. Our Director has taken out
personal loans, and risked his own capital, the old fashioned way. We
have 2 automobiles in our inventory.
2013 BMW 750Li Extended Rear Cabin Luxury Edition Sedan
2010 BMW 650i Special Edition M Racing Sport Edition
Business Overview
PATRICK is in charge of the ACCR Treasury since
MARCH 1, 2012 - OVER EIGHT YEARS AGO.
ACCR will come back. We have multiple business segments. In
September of 2020, our trademark DREAM has been published in the
USPTO Trademark Gazette on October 20th, 2020.
We filed for 2 US Patents for our DREAM
https://www.clonesbydrones.com
We filed for a Design and a Utility Patent with the USPTO.
ACCR has hired a Registered Patent Attorney to work with the
USPTO during our patent process.
I am personally donating all PROFITS on the sale of these 2 fine
automobiles, https://www.bmwofgrandhaven.com
I do have a dream, and I do believe and thank GOD for his greatness...
http://tsdr.uspto.gov/#caseNumber=88690325&caseType=
SERIAL_NO&searchType=statusSearch
CLONESBYDRONES.com
CLONESBYCARS.com
and
BMWOFGRANDHAVEN.com
I want this dream to happen...in the future, for my Shareholders.
ACCR is not currently offering any stock for sale.
Any stock to be purchased is available in the open market.
We are current in our obligation to report with the SEC.
PATRICK has derived a plan to flat line, and reference in our FORM
10 application, the last financials from 2002 down to $0, instead of
stating "worthless and destroyed", we will restate all #s in accounting
from 2002 to May 2018, and pick up the audited financials with a 2
year track record on paper. We want everything to be CURRENT.
We believe in full disclosure.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
NONE.
Item 2. Changes in Securities and Use of Proceeds
NONE.
ILLUSTRATIVE PURPOSES BELOW:
At $.0001 BID, the entire value of the Company shares on a fully
diluted basis is: $30,000.00
At $.001 BID, the entire value of the Company shares on a fully
diluted basis is: $300,000.00
At $.01 BID, the entire value of the Company shares on a fully
diluted basis is: $3,000,000.00
At $.06 BID, the entire value of the Company shares on a fully
diluted basis is: $30,000,000.00
at $.100 BID the entire value of the Company shares on a fully
diluted basis is: $300,000,000.00
Management will make informed well processed decisions, and
Management will succeed, as failure is not an option.
Item 3. Quantitative and Qualitative Disclosures About Market Risk
There is no current risk with management. Everything is under control.
**********
Item 4. Controls and Procedures
Access-Power & Co., Inc. will FOREVER employ good management
decision making. We are learning the Used Car Dealer market.
ACCR has an application pending with the Grand Haven Chamber of
Commerce.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
NONE.
**********
Item 1A. Risk Factors
MANY but everything is under control.
**********
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
NONE.
**********
Item 3. Defaults Upon Senior Securities
NONE.
**********
Item 4. Other Information
NONE.
**********
Item 5. Exhibits
(a)No Exhibits are being filed.
https://www.lakeshoreadvantage.com/getattachment/COVID-19/Restart/
Awarded-(2).pdf.aspx?lang=en-US
My contact information is:
pjensen@myaccess-power.com
616-312-5390
Our comeback song is AWESOME....my father in heaven is waiting for me.
We have every intention to apply again to OTC Markets very soon to be
PINK CURRENT INFORMATION. Stay with ME, I will get us there.
The Company respects all aspects of the Securities Act of
'33 and the Exchange Act of '34.
Access-Power & Co., Inc. was the victim of naked convertible short selling.
This is the reason why we have a RED STOP SIGN at OTC
MARKETS.COM. The FRAUD FORM 15 filed in April of 2007 stated we
had LESS THAN 300 Shareholders, when in fact we had more than 300
Shareholders at the time, and still do today. We are ROCK SOLID!!!
https://www.sec.gov/Archives/edgar/data/1041588/000117347307000043/
form15031307.htm
There is NO DILUTION PERIOD in Access-Power, & Co., Inc. We have
had the same DTC FLOAT SINCE MARCH 1, 2012.
We have a FIXED FLOAT of 98,376,146 common shares, and I own
almost 63% of the VOTE in here.
Very respectfully yours,
https://www.youtube.com/watch?v=xbhCPt6PZIU
I will bring ACCR back to greatness. HE is strong in ME today...
RISK FACTORS An investment in our common stock involves a significant
degree of risk. You should not invest in our common stock unless you
can afford to lose your entire investment. You should consider carefully
the following risk factors and other information in this prospectus before
deciding to invest in our common stock.
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.
In accordance with the requirements of the Exchange Act, the Company
caused this report to be signed on its behalf by the undersigned,
there unto duly authorized.
ACCESS-POWER & CO., INC.
BY:
/s/
Patrick J. Jensen
Director
October 1st, 2020
|
RISK FACTORS An investment in our common stock involves a significant
degree of risk. You should not invest in our common stock unless you
can afford to lose your entire investment. You should consider carefully
the following risk factors and other information in this prospectus before
deciding to invest in our common stock.
The Sarbanes-Oxley Act of 2002 protects investors in publicly traded
companies by requiring employees to improve the "accuracy and reliability
of corporate disclosures, according to SOX-Online's Sarbanes-Oxley
Information Center. SOX defines individual accountability and requires
employees to practice due diligence and outlines criminal and
financial penalties for specific misconduct.
There are various risk factors that should be carefully considered in
evaluating our business; because such factors may have a significant impact
on our business, our operating results, our liquidity and financial condition.
As a result of these various risk factors, actual results could differ
materially from those projected in any forward-looking statements.
Additional risks and uncertainties not presently known to us, or that
we currently consider to be immaterial, may also impact our business, result
of operations, liquidity and financial condition. If any such risks occur,
our business, its operating results, liquidity and financial condition
could be materially affected in an adverse manner. Under such circumstances,
if a stable trading market for our securities is established, the trading price
of our securities could decline, and you may lose all or part of your
investment.
SECURITIES ISSUED BY THE COMPANY INVOLVE A HIGH DEGREE
OF RISK AND, THEREFORE, SHOULD BE CONSIDERED EXTREMELY
SPECULATIVE. THEY SHOULD NOT BE PURCHASED BY PERSONS
WHO CANNOT AFFORD THE POSSIBILITY OF THE LOSS OF THE
ENTIRE INVESTMENT. PROSPECTIVE INVESTORS SHOULD READ
ALL OF THE COMPANY'S FILINGS, INCLUDING ALL EXHIBITS, AND
CAREFULLY CONSIDER, AMONG OTHER FACTORS THE VARIOUS
RISK FACTORS THAT MAY BE PRESENT.
You should be aware that there are many substantial risks to an investment in
our common stock. Carefully consider these risk factors, along with any
available information currently reported by the Company
(of which there are note), before you decide to invest in shares of
our common stock.
If these risk factors were to occur, our business, financial condition, results
of operations or future prospects could be materially adversely affected.
If that happens, the market price for our common stock, if any,
could decline, and prospective investors would likely lose all or
even part of their investment.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate", "believe", "estimate", "expect", "intend", and
similar expressions, as they relate to the Company or its management,
identify forward-looking statements. These statements are based on
current expectations, estimates, and projections about the Company's
business, based, in part, on assumptions made by management. These
statements are not guarantees of future performance and involve risks,
uncertainties, and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and probably will, differ
materially from what is expressed or forecasted in such forward-looking
statements due to numerous factors.
Contact Information:
Patrick J. Jensen
Director
Tel: 616.312.5390
Email: pjensen@myaccess-power.com
Corporate Website: http://www.myaccess-power.com
https://www.bmwofgrandhaven.com
Access-Power & Co., Inc.
OTC Ticker: ACCR
OCTOBER 1 st, 2020
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