This Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") and other parts of this report include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical facts and often address future events or our future performance. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "will," "might," "plan," "predict," "believe," "should," "could" and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.
Forward-looking statements contained in this MD&A include statements about, among other things:
? specific and overall impacts of the COVID-19 pandemic on our financial condition and results of operations; ? our beliefs regarding the market and demand for our products or the component products we resell; ? our ability to develop and launch new products that are attractive to the market and stimulate customer demand for these products; ? our plans relating to our intellectual property, including our goals of monetizing, licensing, expanding and defending our patent portfolio; ? our expectations and strategies regarding outstanding legal proceedings and patent reexaminations relating to our intellectual property portfolio; ? our expectations with respect to any strategic partnerships or other similar relationships we may pursue; ? the competitive landscape of our industry; ? general market, economic and political conditions; ? our business strategies and objectives; ? our expectations regarding our future operations and financial position, including revenues, costs and prospects, and our liquidity and capital resources, including cash flows, sufficiency of cash resources, efforts to reduce expenses and the potential for future financings; ? our ability to remediate any material weakness and maintain effective internal control over financial reporting; and ? the impact of the above factors and other future events on the market price and t RESULTS OF OPERATIONS
Since we exited from bankruptcy proceedings on
LIQUIDITY AND CAPITAL RESOURCES
Current management, under the guidance of
a.) Review the books and records of the Company for the previous six (6) years, have all necessary filings updated and/or restated as needed, reach agreements with all authorities and present audited financials. b.) Protect the valuable intellectual properties assets (patents, etc.). c.) Foster aggressive growth by acquisition and development of our core capabilities.
Of course, there are no assurances that we can obtain the financing or achieve these goals.
Kenilworth has begun a major corporate restructuring designed to focus the
Company's efforts on its core business and maximize shareholder value. A new
wholly owned subsidiary,
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