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EXCEL - IDEA: XBRL DOCUMENT - Emerging Acquisition CorpFinancial_Report.xls
10-Q - QUARTERLY REPORT ON FORM 10-Q - Emerging Acquisition Corpemerging123111_10q.htm
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EX-31 - EXHIBIT 31 - CERTIFICATION - Emerging Acquisition Corpemerging123111q_ex31.htm
EX-32 - EXHIBIT 32 - CERTIFICATION - Emerging Acquisition Corpemerging123111q_ex32.htm
v2.4.0.6
Liquidity and Capital Resources
6 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Liquidity and Capital Resources

NOTE 3 - Liquidity and Capital Resources

 

The Company has no revenues for the period from inception (September 27, 2006) through December 31, 2011, and does not intend to realize revenues until the consummation of a merger with an operating entity. The Company’s principal business objective for the next 12 months and beyond will be to achieve long-term growth potential through a business combination rather than short-term earnings. There can be no assurance that the Company will ever consummate the business combination; achieve or sustain profitability or positive cash flows from its operations, reduce expenses or sell ordinary shares. To date, the Company has funded its formation activities primarily through issuances of its ordinary shares and a payable to affiliate. The affiliate has agreed to continue funding the Company’s formation activities through the next 12 months, or until a business combination has been consummated.