Attached files
| file | filename |
|---|---|
| S-1/A - NEW DAY FINANCIAL MANAGEMENT, INC. | ndfm_s1a.htm |
| EX-23 - NEW DAY FINANCIAL MANAGEMENT, INC. | ndfm_ex23.htm |
Law Office
of
Randall V. Brumbaugh
October 7, 2010
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United States Securities and Exchange Commission
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100 F Street, N.E.
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Washington, D.C. 20549
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Re: New Day Financial Management, Inc.
Dear Sir or Madam:
I have acted as special counsel for New Day Financial Management, Inc., a Nevada corporation (the "Company"), in connection with the preparation of the registration statement on Form S-1 (the "Registration Statement"), dated May 11, 2010, with the Securities and Exchange Commission (the "Commission") pursuant to the Securities Act of 1933, as amended (the "Act"), relating to the offering of up to 950,000 shares of the Company's $0.001 par value common stock (the "Common Stock") to be sold by certain selling shareholders. The details of the offering are described in the Registration Statement on Form S-1.
I have examined instruments, documents and records, which I deemed relevant and necessary for the basis of my opinion hereinafter expressed. I have done so in light of Nevada Revised Statutes Chapters 78 and 90, all applicable provisions of the Nevada constitution and reported judicial decisions interpreting those laws. In such examination, I have assumed the following: (a) the authenticity of all documents submitted to us as originals; (b) the conformity to the originals of all documents submitted to me as copies; and (c) and the authenticity of the originals of all documents submitted to us as copies. We have also assumed the genuineness of the signatures of persons signing all documents in connection with which this opinion is rendered, the authority of such persons signing on behalf of the parties thereto other than the Company, and due authorization, execution and delivery of all documents by the parties thereto other than the Company. The instruments, document and records I have examined include, among other items, the following:
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1.
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The Registration Statement dated May 11, 2010;
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2.
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The Articles of Incorporation of New Day Financial Management, Inc.;
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3.
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Corporate Charter of New Day Financial Management, Inc.;
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4.
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Bylaws of New Day Financial Management, Inc.;
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417 W. Foothill Blvd, Suite B-175, Glendora, CA 91741
Voice and Fax (626) 335-7750
SEC/New Day
10/7/10
Page Two
To my knowledge, the Company is not a party to any legal proceedings, there are no known judgments against the Company, nor are there any actions or suits filed or threatened against it or its officers and directors, in their capacities as such, other than as may be set forth in the registration statement. I am not aware of any disputes involving the Company and the Company has no known claim, actions or inquiries from any federal, state or other government agency, other than as may be set forth in the registration statement. I am not aware of any claims against the Company or any reputed claims against it at this time, other than as may be set forth in the registration statement.
Based on my examination of the documents provided to this office, information received from the Company, analysis of the applicable laws and judicial interpretations of the State of Nevada, I am of the opinion that (a) the Company exists in good standing under the laws of the State of Nevada and (b) that the 950,000 shares of common stock to be sold by the selling shareholders are duly authorized shares and are validly issued, fully paid and non-assessable.
I hereby consent to the filing of this opinion as an exhibit to the above-referenced Registration Statement and to the use of my name wherever it appears in said Registration Statement, including the Prospectus constituting a part thereof, as originally filed or as subsequently amended or supplemented. In giving such consent, I specifically do not allege to being an "expert" within the meaning of such term as used in Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission issued thereunder, with respect to any part of the Registration Statement, including this opinion as an exhibit or otherwise.
Very truly yours,
/s/ Randall V. Brumbaugh
Randall V. Brumbaugh
417 W. Foothill Blvd, Suite B-175, Glendora, CA 91741
Voice and Fax (626) 335-7750