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EX-32 - EXHIBIT 31.1 - Portus Holdings Inc. | solido321.htm |
EX-31 - EXHIBIT 32.1 - Portus Holdings Inc. | solido311.htm |
U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q
[X] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2011 |
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[ ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____________ TO _____________ |
Solido Ventures Inc.
(Name of Registrant in its Charter)
Nevada | 000-54403 | 45-1283820 |
(State or Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
729 North Scott
Belton, MO 64012
(Address of Principal Executive Offices)
Registrants telephone number, including area code: 913.396.1911
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.
Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company x
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No¨
Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practicable date.
Common Stock |
| Outstanding Shares at December 31, 2011 |
Common Stock, par value $.0001 per share |
| 37,500,000 |
TABLE OF CONTENTS | |||
PART I | FINANCIAL INFORMATION | | |
Item 1 | Financial Statements (Unaudited) | 2 | |
| Balance Sheet | 3 | |
| Statement of Operations | 4 | |
| Statement of Change in Stockholders Equity | 5 | |
| Statement of Cash Flows | 6 | |
| Notes to Financial Statements | 7 | |
Item 2 | Managements Discussion and Analysis of Financial Condition and Results of Operations | | |
Item 3 | Quantitative and Qualitative Disclosures about Market Risk | 11 | |
Item 4 | Controls and Procedures | 11 | |
PART II | OTHER INFORMATION | | |
Item 1 | Legal Proceedings | 13 | |
Item 2 | Unregistered Sales of Equity Securities and Use | 13 | |
Item 3 | Defaults Upon Senior Securities | 13 | |
Item 4 | Submission of Matters to a Vote of Security Holder | 13 | |
Item 5 | Other Information | 13 | |
Item 6 | Exhibits | 13 | |
Signatures | 14 | ||
Exhibits | |
PART I. FINANCIAL INFORMATION (UNAUDITED).
The accompanying are financial statements of Solido Ventures Inc. (the Company), a Nevada corporation. These statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the financial statements and footnotes thereto, for the period ended March 31, 2011, previously filed with the Commission, which are included in the S-1 Registration Statement filed with the SEC on May 6, 2011.
SOLIDO VENTURES INC.
(A DEVELOPMENT STAGE COMPANY)
FINANCIAL STATEMENTS
(UNAUDITED)
AS OF DECEMBER 31, 2011
AND FOR THE PERIOD MARCH 31, 2011 (INCEPTION)
THROUGH MARCH 31, 2011
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| December 31, 2011 | March 31, 2011 |
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ASSETS |
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CURRENT ASSETS |
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Cash | $ | (2) | $ | 3,750 |
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TOTAL CURRENT ASSETS | $ | (2) | $ | 3,750 |
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Deferred offering costs | $ | 0 | $ | 0 |
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TOTAL ASSETS | $ | (2) | $ | 3,750 |
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LIABILITIES AND STOCKHOLDERS' EQUITY |
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CURRENT LIABILITIES |
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Accounts Payable | $ | 83 | $ | 3,750 |
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TOTAL CURRENT LIABILITIES | $ | 83 | $ | 3,750 |
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Commitments and contingencies (Notes 2, 4, 5, 6, 7, 8 and 9) |
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STOCKHOLDERS' EQUITY |
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Preferred stock, $0.0001 par value, authorized: 75,000,000 shares, Issued and outstanding: None |
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Common stock, $0.0001 par value, authorized: 425,000,000 shares, Issued and outstanding: 37,500,000 shares | $ | 3,750 | $ | 3,750 |
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Deficit accumulated during the development stage | $ | (3,835) | $ | (3,750) | ) |
TOTAL STOCKHOLDERS' EQUITY | $ | (85) | $ | 0 |
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | (2) | $ | 3,750 |
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The accompanying notes are an integral part of the financial statements.
SOLIDO VENTURES INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS
(UNAUDITED)
| For the period from | For the period form | ||
| March 31, 2011 | March 31, 2011 | ||
| (Inception) to | (Inception) to | ||
| March 31, 2011 | December 31, 2011 | ||
REVENUE | $ | 0 | $ | 0 |
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EXPENSES | |
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Finance & Accounting | $ | 3,000 | $ | 3,000 |
Incorporation Expenses | $ | 750 | $ | 750 |
Bank Charges | $ | 0 | $ | 83 |
Total Expenses | $ | 3,750 | $ | 3,835 |
NET (LOSS) | $ | (3,750) | $ | (3,835) |
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NET LOSS PER SHARE | |
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Basic and diluted | $ | (0.00) | $ | (0.00) |
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WEIGHTED AVERAGE NUMBER OF SHARES | |
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Basic and diluted | | 37,500,000 | | 37,500,000 |
The accompanying notes are an integral part of the financial statements.
SOLIDO VENTURES INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
(UNAUDITED)
FOR THE PERIOD MARCH 31, 2011 (INCEPTION) TO MARCH 31, 2011
AND
FOR THE SIX MONTHS MARCH 31, 2011 THROUGH DECEMBER 31, 2011
| | | | | | | Deficit Accumulated | | | |||
| | Common Stock | Additional | During the | Total | |||||||
| | $0.0001 Par Value | Paid-in | Development | Stockholders | |||||||
| | Shares | | Amount | Capital | Stage | Deficit | |||||
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Shares issued at $0.0001 per share on March 31, 2011 | | 37,500,000 | $ | 3,750 | $ | 0 | | - | $ | 3,750 | ||
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Net Loss, period ended March 31, 2011 | | - | | | | | | (3,750) | $ | (3,750) | ||
Balance, December 31, 2010 | | 37,500,000 | $ | 3,750 | $ | 0 | $ | (3,750) | $ | 0 | ||
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Net Loss, period March 31, 2011 to December 31, 2011 | | - | | - | | - | | (85) | $ | (85) | ||
Balance, December 31, 2011 | | 37,500,000 | $ | 3,750 | $ | 0 | $ | (3,835) | $ | (85) |
The accompanying notes are an integral part of the financial statements.
SOLIDO VENTURES INC.
(UNAUDITED)
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS
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| For the | For the period from | ||
| Nine Months | March 31, 2011 | ||
| Ended | (Inception) to | ||
| December 31, 2011 | March 31, 2011 | ||
CASH FLOWS FROM OPERATING ACTIVITIES: | | | |
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Net (Loss) | $ | (3,835) | $ | (3,750) |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | | | |
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(Increase) in deferred offering costs | $ | (3,750) | $ | (3,750) |
Increase / Decrease in accounts payable | $ | 83 | $ | 0 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | $ | (2) | $ | 0 |
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CASH FLOWS FROM FINANCING ACTIVITIES | | | |
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Proceeds from sale of common stock | $ | 3,750 | $ | 3,750 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | | 3,750 | $ | 3,750 |
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INCREASE (DECREASE) IN CASH | $ | (3,752) | $ | 3,750 |
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CASH, BEGINNING OF PERIOD | $ | 3,750 | $ | 3,750 |
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CASH, END OF PERIOD | $ | (2) | $ | 3,750 |
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SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | | | |
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Interest paid | $ | 0 | $ | 0 |
Income taxes paid | $ | 0 | $ | 0 |
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SUPPLEMENTAL NON-CASH TRANSACTIONS: |
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| $ | 0 | | 0 |
The accompanying notes are an integral part of the financial statements.
SOLIDO VENTURES INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
MARCH 31, 2011, AND DECEMBER 31, 2011
NOTE 1 ORGANIZATION AND BUSINESS OPERATIONS
SOLIDO VENTURES INC. (the Company) was incorporated in the State of Nevada on March 31, 2011. The Company is a Development Stage Company as defined by ASC 915-10. The Company is a blank check company that intends to seek a merger or acquisition with an operating company.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a) Basis of Presentation
The financial statements have not been prepared according to GAAP. The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has no business operations and has negative working capital and minimal stockholders equity. These conditions raise substantial doubt about the ability of the Company to continue as a going concern.
In view of these matters, continuation as a going concern is dependent upon the continued operations of the Company, which in turn is dependent upon the Company's ability to meet its financial requirements, raise additional capital, and the success of its future operations. The financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should the Company not continue as a going concern.
The company plans to improve its financial condition through a public offering as described in Note 6. However, there is no assurance that the Company will be successful in accomplishing this objective. Management believes that this plan provides an opportunity for the Company to continue as a going concern.
b) Cash and Cash Equivalents
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.
c) Use of Estimates and Assumptions
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts or revenues and expenses during the reporting period. Actual results could differ from those estimates.
d) Fair Value of Financial Instruments
ASC Topic 820-10 requires disclosure of fair value information about financial instruments. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2011.
The respective carrying value of certain on-balance-sheet financial instruments approximates their fair values. These financial instruments include cash, stock subscriptions receivable, and accounts payable. Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value, or they are receivable or payable on demand.
e) Revenue Recognition
The Company has not generated any revenues since entering the development stage. It is the Company's policy that revenues will be recognized in accordance with ASC Topic 605-10-25, Revenue Recognition. Under ASC Topic 605-10-25, product revenues (or service revenues) are recognized when persuasive evidence of an arrangement exists, delivery has occurred (or service has been performed), the sales price is fixed and determinable, and collectability is reasonably assured.
f) Stock-based Compensation
The Company records stock based compensation in accordance with the guidance in ASC Topic 718 which requires the Company to recognize expense related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. To date, the Company has not adopted a stock option plan and has not granted and stock options.
g) Income Taxes
The Company follows FASB Codification Topic 740-10-25 (ASC 740-10-25) for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.
Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods. Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate. Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse.
h) Basic and Diluted Net Loss per Share
The Company computes net loss per share in accordance with ASC Topic 260-10, Earnings per Share. ASC Topic 260-10 requires presentation of both basic and diluted per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all potentially dilutive shares if their effect is anti-dilutive. The Company had no dilutive common stock equivalents as of December 31, 2011.
i) Development Stage Company
Based on the Company's business plan, it is a development stage Company since planned principle operations have not yet commenced. Accordingly, the Company presents its financial statements in conformity with the accounting principles generally accepted in the United States of America that apply to developing enterprises. As a development stage enterprise, the Company discloses its retained earnings (or deficit accumulated) during the development stage and the cumulative statements of operations and cash flows from commencement of development stage to the current balance sheet date. The development stage began on March 31, 2011, when the Company was organized.
j) Concentrations
The Company is not currently a party to any financial instruments that potentially subject it to concentrations of credit risk.
k) Recent Pronouncements
There were various accounting standards and interpretations issued during 2010 or 2011, none of which are expected to have a material impact on the Company's financial position, operations, or cash flows.
NOTE 3 - GOING CONCERN
The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred a net loss of ($3,835) for the period from March 31, 2011 (inception) to December 31, 2011. The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its new business opportunities.
The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might arise from this uncertainty.
NOTE 4 - CAPITAL STOCK
Preferred Stock. The Company has authorized 75,000,000 shares of preferred stock with a par value of $.0001 per share. These shares may be issued in series with such rights and preferences as may be determined by the Board of Directors. The Company has not issued any preferred shares as of December 31, 2011.
Common Stock. The Company has authorized 425,000,000 shares of common stock with a par value of $.0001 per share. As of December 31, 2011, there were 37,500,000 shares issued and outstanding.
The Companys sole shareholder, Michael Burns, owns all of the Companys issued and outstanding common stock.
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Some of the statements contained in this Form 10-Q that are not historical facts are "forward-looking statements" which can be identified by the use of terminology such as "estimates," "projects," "plans," "believes," "expects," "anticipates," "intends," or the negative or other variations, or by discussions of strategy that involve risks and uncertainties. We urge you to be cautious of the forward-looking statements, that such statements, which are contained in this Form 10-Q, reflect our current beliefs with respect to future events and involve known and unknown risks, uncertainties and other factors affecting our operations, market growth, services, products and licenses. No assurances can be given regarding the achievement of future results, as actual results may differ materially as a result of the risks we face, and actual events may differ from the assumptions underlying the statements that have been made regarding anticipated events. Factors that may cause actual results, our performance or achievements, or industry results, to differ materially from those contemplated by such forward-looking statements include without limitation:
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the volatile and competitive nature of our industry,
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the uncertainties surrounding the rapidly evolving markets in which we compete,
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the uncertainties surrounding technological change of the industry, our dependence on its intellectual property rights,
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the success of our marketing efforts,
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the changing demands of customers, and
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the arrangements with present and future customers and third parties.
Should one or more of these risks or uncertainties materialize or should any of the underlying assumptions prove incorrect, actual results of current and future operations may vary materially from those anticipated.
Company Overview
The Company was formed on March 31, 2011, as a development stage company. The Company is still devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. The Companys principal offices are currently located at 729 Scott Ave., Belton, MO 64012. Our telephone number there is 913.396.1911.
Plan of Operation
The Company will attempt to locate and negotiate with a business entity for the combination of that target company with the Company. The combination will normally take the form of a merger, stock-for-stock exchange or stock-for-assets exchange (the business combination). In most instances the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended. No assurances can be given that the Company will be successful in locating or negotiating with any target business. The Company has not restricted its search for any specific kind of businesses, and it may acquire a business which is in its preliminary or development stage, which is already in operation, or in essentially any stage of its business life. It is impossible to predict the status of any business in which the Company may become engaged, in that such business may need to seek additional capital, may desire to have its shares publicly traded, or may seek other perceived advantages which the Company may offer.
In implementing a structure for a particular business acquisition, the Company may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another corporation or entity. It is anticipated that any securities issued in any such business combination would be issued in reliance upon exemption from registration under applicable federal and state securities laws. In some circumstances, however, as a negotiated element of its transaction, the Company may agree to register all or a part of such securities immediately after the transaction is consummated or at specified times thereafter. If such registration occurs, it will be undertaken by the surviving entity after the Company has entered into an agreement for a business combination or has consummated a business combination. The issuance of additional securities and their potential sale into any trading market which may develop in the Company's securities may depress the market value of the Company's securities in the future if such a market develops, of which there is no assurance.
The Company will participate in a business combination only after the negotiation and execution of appropriate agreements. Negotiations with a target company will likely focus on the percentage of the Company which the target company shareholders would acquire in exchange for their shareholdings. Although the terms of such agreements cannot be predicted, generally such agreements will require certain representations and warranties of the parties thereto, will specify certain events of default, will detail the terms of closing and the conditions which must be satisfied by the parties prior to and after such closing and will include miscellaneous other terms. Any merger or acquisition effected by the Company can be expected to have a significant dilutive effect on the percentage of shares held by the Company's shareholders at such time.
Basis of Presentation - The financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has no revenues and has a negative amount of cash. These conditions raise substantial doubt about the ability of the Company to continue as a going concern.
In view of these matters, continuation as a going concern is dependent upon the continued operations of the Company, which in turn is dependent upon the Company's ability to meet its financial requirements, raise additional capital, and the success of its future operations. The financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should the Company not continue as a going concern.
Significant Accounting Estimates
We review all significant estimates affecting our consolidated financial statements on a recurring basis and record the effect of any necessary adjustment prior to their publication. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, it is possible that actual results could differ from those estimates and changes to estimates could occur in the near term. The preparation of our financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of the contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Estimates and judgments are used when accounting for revenue, stock-based compensation, accounts receivable and allowance for doubtful accounts, impairment of long-lived assets, depreciation and amortization, deferred income taxes, and contingencies among others.
Off-Balance Sheet Arrangements.
As of December 31, 2011, the Company did not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Companys financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.
Not applicable for smaller reporting companies.
Item 4. CONTROLS AND PROCEDURES.
Under the supervision and with the participation of our management, we have conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the end of the period covered by this report. Based on this evaluation, our management concluded as of the evaluation date that our disclosure controls and procedures were not fully effective such that the material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our Company, particularly during the period when this report was being prepared.
We identified the following material weaknesses in our internal control over financial reporting as of December 31, 2011:
1. | The Company has not established adequate financial reporting monitoring activities to mitigate the risk of management override, specifically because there are no employees and only two officers with management functions and therefore there is lack of segregation of duties. In addition, the Company has installed accounting software that does not prevent erroneous or unauthorized changes to previous reporting periods and does not provide an adequate audit trail of entries made in the accounting software. However, although our controls are not effective, these significant weaknesses did not result in any material misstatements in our financial statements. |
2. | In addition, there is insufficient oversight of accounting principles implementation and insufficient oversight of external audit functions. |
3. | There is a strong reliance on the external service providers to review and adjust the annual and quarterly financial statements, to monitor new accounting principles, and to ensure compliance with GAAP and SEC disclosure requirements. |
4. | There is a strong reliance on the external attorneys to review and edit the annual and quarterly filings and to ensure compliance with SEC disclosure requirements. |
Because of the material weaknesses noted above, management has concluded that we did not maintain effective internal control over financial reporting as of December 31, 2011, based on Internal Control over Financial Reporting - Guidance for Smaller Public Companies issued by COSO.
Remediation of Material Weaknesses in Internal Control over Financial Reporting
As a small business, without a viable business and revenues, the Company does not have the resources to install a dedicated staff with deep expertise in all facets of SEC disclosure and GAAP compliance. As is the case with many small businesses, the Company will continue to work with its external service providers and attorneys as it relates to new accounting principles and changes to SEC disclosure requirements. The Company has found that this approach worked well in the past and believes it to be the most cost effective solution available for the foreseeable future.
The Company will conduct a review of existing sign-off and review procedures as well as document control protocols for critical accounting spreadsheets. The Company will also increase management's review of key financial documents and records.
As a small business, the Company does not have the resources to fund sufficient staff to ensure a complete segregation of responsibilities within the accounting function. However, Company management does review, and will increase the review of, financial statements on a monthly basis, and the Company's external auditor conducts reviews on a quarterly basis. These actions, in addition to the improvements identified above, will minimize any risk of a potential material misstatement occurring.
Changes in Internal Control over Financial Reporting
There were no changes in our internal control over financial reporting during the quarter ended December 31, 2011 that materially affected, or are reasonably likely to materially affect, the Companys internal control over financial reporting.
PART II - OTHER INFORMATION
Item 1. LEGAL PROCEEDINGS.
There are no legal proceedings against the Company, and the Company is unaware of such proceedings contemplated against it.
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
None.
Item 3. DEFAULTS UPON SENIOR SECURITIES.
None.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
None.
Item 5. OTHER INFORMATION.
None.
ITEM 6. EXHIBITS.
See Exhibit Index below for exhibits required by Item 601 of regulation S-K.
Exhibit Index
List of Exhibits attached or incorporated by reference pursuant to Item 601 of Regulation S-K:
Exhibit Number | Description |
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31.1 | Certification of the Company's principal Executive and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the registrant's Report on Form 10-Q for the quarter ended December 31, 2011. |
32.1 | Certification of the Company's Principal Executive and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
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SIGNATURE
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 hereunto duly authorized.
| Solido Ventures Inc. | |
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Dated: March 30, 2012 | By: | /s/ Michael Burns |
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| Michael Burns |
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| President & Chief Executive Officer |
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