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MUSS Multi Solutions II Inc (PK)

0.0001
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Multi Solutions II Inc (PK) USOTC:MUSS OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.0001 0.0001 0.00 00:00:00

Quarterly Report (10-q)

14/12/2017 10:12pm

Edgar (US Regulatory)


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

FORM 10-Q
 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For The Quarterly Period Ended October 31, 2017
 

MULTI SOLUTIONS II, INC.
(Exact name of registrant as specified in its charter)
Florida
000-12162
22-2418056
(State or other jurisdiction of incorporation
Commission File Number
(I.R.S. Employer Identification No.)
incorporation or organization)
 
 

4400 Biscayne Boulevard, 10th Floor
Miami, Florida 33137
305/579-8000
(Address, including zip code and telephone number, including area code,
of the principal executive offices)
 

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, as amended (the “Exchange Act”), 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. x Yes o No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). x Yes o No

I ndicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See definition of “large accelerated filer”, “accelerated filer” , “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
o   Large accelerated filer
o   Accelerated filer
o   Emerging growth company
x   Smaller reporting company
 o   Non-accelerated filer ( Do not check if a smaller reporting company)
 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the Registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. x Yes o No

At December 14, 2017 , Multi Solutions II, Inc. had 1,899,575 shares of common stock outstanding.
______________________________________________________________________________



MULTI SOLUTIONS II, INC.
QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2017

TABLE OF CONTENTS

 
 
Pages
PART I. FINANCIAL INFORMATION
 
 
 
 
Item 1.
Condensed Financial Statements (Unaudited)
 
 
 
 
 
Condensed Balance Sheets as of October 31, 2017 and January 31, 2017
 
 
 
 
Condensed Statements of Operations for the three and nine months ended October 31, 2017 and 2016
 
 
 
 
Condensed Statement of Shareholders' Deficiency for the nine months ended October 31, 2017
 
 
 
 
Condensed Statements of Cash Flows for the nine months ended October 31, 2017 and 2016
 
 
 
 
Notes to Condensed Financial Statements
 
 
 
Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
 
 
 
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
 
 
 
Item 4.
Controls and Procedures
 
 
 
PART II. OTHER INFORMATION
 
 
 
 
Item 1.
Legal Proceedings
 
 
 
Item 6.
Exhibits
 
 
 
SIGNATURES
 




PART I. FINANCIAL INFORMATION

ITEM 1. Financial Statements



Multi Solutions II, Inc.
Condensed Balance Sheets

 
October 31,
2017
 
January 31,
2017
 
(Unaudited)
 
 
ASSETS
 
 
 
 
Current assets:
 
 
 
Cash
$
13,875

 
$
40,059

Total assets
$
13,875

 
$
40,059

 
 
 
 
LIABILITIES AND SHAREHOLDERS' DEFICIENCY
 
 
 
 
Current liabilities:
 
 
 
Accounts payable and accrued expenses
$
29,800

 
$
47,300

Total current liabilities
29,800

 
47,300

 
 
 
 
Due to shareholder
524,879

 
475,317

 
 
 
 
Total liabilities
554,679

 
522,617

 
 
 
 
Shareholders' deficiency:
 
 
 
Preferred stock, 50,000,000 shares authorized, $0.001 par value; no shares issued or outstanding

 

Common stock, 200,000,000 shares authorized; $0.001 par value; 1,899,575 shares issued and outstanding
1,900

 
1,900

Additional paid-in capital
8,418,684

 
8,418,684

Accumulated deficit
(8,961,388
)
 
(8,903,142
)
Total shareholders' deficiency
(540,804
)
 
(482,558
)
Total liabilities and shareholders' deficiency
$
13,875

 
$
40,059



See accompanying notes to condensed unaudited financial statements.

3



Multi Solutions II, Inc.
Condensed Statements of Operations
(Unaudited)

 
Three Months Ended
 
Nine Months Ended
 
 
October 31,
2017
 
October 31,
2016
 
October 31,
2017
 
October 31,
2016
 
 
 
 
 
 
 
 
 
 
REVENUE
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
 
OPERATING EXPENSES:
 
 
 
 
 
 
 
 
General and administrative expenses
7,425

 
11,013

 
28,683

 
32,863

 
Total operating expenses
7,425

 
11,013

 
28,683

 
32,863

 
 
 
 
 
 
 
 
 
 
LOSS FROM OPERATIONS
(7,425
)
 
(11,013
)
 
(28,683
)
 
(32,863
)
 
 
 
 
 
 
 
 
 
 
OTHER EXPENSE
 
 
 
 
 
 
 
 
Interest expense
(10,250
)
 
(8,899
)
 
(29,563
)
 
(26,094
)
 
Total other expense
(10,250
)
 
(8,899
)
 
(29,563
)
 
(26,094
)
 
 
 
 
 
 
 
 
 
 
LOSS BEFORE TAXES
(17,675
)
 
(19,912
)
 
(58,246
)
 
(58,957
)
 
 
 
 
 
 
 
 
 
 
Income tax provision

 

 

 

 
 
 
 
 
 
 
 
 
 
NET LOSS
$
(17,675
)
 
$
(19,912
)
 
$
(58,246
)
 
$
(58,957
)
 
 
 
 
 
 
 
 
 
 
BASIC AND DILUTED LOSS PER SHARE
$
(0.01
)
 
$
(0.01
)
 
$
(0.03
)
 
$
(0.03
)
 
 
 
 
 
 
 
 
 
 
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING
1,899,575

 
1,899,575

 
1,899,575

 
1,899,575

 



See accompanying notes to condensed unaudited financial statements.

4


Multi Solutions II, Inc.
Condensed Statement of Shareholders' Deficiency
(Unaudited)

 
 
Common Stock
 
Additional
Paid-in
 
Accumulated
 
 
 
Number
 
Amount
 
Capital
 
Deficit
 
Total
 
 
 
 
 
 
 
 
 
 
Balances - January 31, 2017
1,899,575

 
$
1,900

 
$
8,418,684

 
$
(8,903,142
)
 
$
(482,558
)
 
 
 
 
 
 
 
 
 
 
Net loss

 

 

 
(58,246
)
 
(58,246
)
 
 
 
 
 
 
 
 
 
 
Balances - October 31, 2017
1,899,575

 
$
1,900

 
$
8,418,684

 
$
(8,961,388
)
 
$
(540,804
)



See accompanying notes to condensed unaudited financial statements.

5



Multi Solutions II, Inc.
Condensed Statements of Cash Flows
(Unaudited)

 
Nine Months Ended
 
October 31,
2017
 
October 31,
2016
 
 
 
 
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net loss
$
(58,246
)
 
$
(58,957
)
Adjustments to reconcile net loss to net cash used in operating activities:
 
 
 
Accrued interest on due to shareholder
29,562

 
26,094

Changes in operating assets and liabilities:
 
 
 
 (Decrease) Increase in accounts payable and accrued expenses
(17,500
)
 
3,700

Net cash used in operating activities
(46,184
)
 
(29,163
)
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Proceeds from debt issuance
20,000

 
40,000

Net cash provided by financing activities
20,000

 
40,000

 
 
 
 
NET (DECREASE) INCREASE IN CASH
(26,184
)
 
10,837

 
 
 
 
CASH AT BEGINNING OF PERIOD
40,059

 
34,807

 
 
 
 
CASH AT END OF PERIOD
$
13,875

 
$
45,644

 
 
 
 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
 
 
 
 
 
 
 
Interest paid
$

 
$

Income taxes paid
$

 
$

 
 
 
 

See accompanying notes to condensed unaudited financial statements.

6


MULTI SOLUTIONS II, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
Unaudited
 
NOTE 1.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND ORGANIZATION

(A) Organization and Basis of Presentation

Multi Solutions II, Inc.'s (the "Company") business purpose is to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company's business objective for the next 12 months and beyond will be to achieve long-term growth potential through a combination with a business, rather than immediate, short-term earnings. The Company's search for a business opportunity will not be limited to any particular geographical area or industry, including both domestic and international companies.

The Company does not have any revenues from operations and, absent a merger or other combination with an operating company, or a public or private sale of the Company's equity or debt securities, the occurrence of either of which cannot be assured, the Company will be dependent upon future loans or equity investments from the Company's present shareholders or management, for which there is no existing commitment. Although the Company has no present commitment from any such parties to provide funding aside from a credit facility agreement (the "Credit Facility") with its majority shareholder, if the Company reaches the point where the Company needs funds to remain in operation, the Company will attempt to raise funds from the Company's present shareholders or management in the form of equity or debt. If, in such situation, the Company is unable to raise funds from those parties, it is likely that the Company's business would cease operations.

The unaudited interim condensed financial statements of the Company as of October 31, 2017 and for the three and nine months ended October 31, 2017 and 2016 included herein have been prepared in accordance with the instructions for Form 10-Q under the Securities Exchange Act of 1934, as amended, and Article 8 of Regulation S-X under the Securities Act of 1933, as amended. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations relating to interim condensed financial statements. In the opinion of management, the accompanying unaudited interim condensed financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company at October 31, 2017 and the results of its operations and its cash flows for the three and nine months ended October 31, 2017 and 2016 . The results of operations and cash flows for such periods are not necessarily indicative of results expected for the full year or for any future period. These condensed financial statements should be read in conjunction with the financial statements and the notes thereto included in the Company's Annual Report on Form 10-K for the year ended January 31, 2017 filed with the Securities and Exchange Commission on April 21, 2017.

Prior period information has been recast to conform to the current presentation. Any changes do not have an impact to the Company's historical results.

(B) Financial Instruments

The carrying amounts of cash and accounts payable approximate their fair values due to their short term nature and that they are receivable or payable upon demand.


7

MULTI SOLUTIONS II, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
Unaudited


(C) Use of Estimates
 
In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period.  Actual results could differ from those estimates.
 
(D) Cash Equivalents
 
The Company considers all highly liquid investments with an original maturity, when purchased, of three months or less to be cash equivalents.  

(E) Loss Per Share
 
Basic loss per share is calculated based on loss available to common shareholders and the weighted-average number of shares outstanding during the reporting period.  Diluted earnings (loss) per share is calculated based on earnings (loss) available to common shareholders and the weighted-average number of common and potential common shares outstanding during the reporting period.  

(F) Recently Issued Accounting Standards

Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted,
would have a material effect on the Company's financial statements.



NOTE 2.   DUE TO SHAREHOLDER

In April 2012, the Company executed the Credit Facility with its majority shareholder providing for the repayment of all costs in excess of $17,500 paid by the majority shareholder on behalf of the Company. The Credit Facility provides the principal amount up to $450,000 , as amended on June 3, 2015 , of financing to the Company for working capital purposes. Amounts outstanding under the credit facility accrue interest at an annual rate of 11% and mature in December 2018 , as amended on June 3, 2015 . Principal and interest outstanding under the credit facility totaled $524,879 and $475,317 , including accrued interest of $155,682 and $126,120 , as of October 31, 2017 and January 31, 2017 , respectively.





8

MULTI SOLUTIONS II, INC.


Item 2.      Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion should be read in conjunction with Multi Solutions II, Inc.'s Condensed Financial Statements and the related Notes contained elsewhere in this quarterly report on Form 10-Q. All statements in the following discussion that are not reports of historical information or descriptions of current accounting policy are forward-looking statements. Please consider our forward-looking statements in light of the factors that may affect operating results set forth herein.
Overview

Our principal business objective for the next twelve months and beyond will be to achieve long-term growth potential through a combination with a business, rather than immediate, short-term earnings. Our search for a business opportunity will not be limited to any particular geographical area or industry, including both domestic and international companies.

We have negative working capital, negative shareholders' equity and have not earned any revenues from operations since 2005. However, we have issued an 11% revolving credit promissory note in favor of Vector Group Ltd. ("Vector"), a majority shareholder, in the principal amount of up to $450,000 , as amended on June 3, 2015 , which we believe provides us with access to sufficient capital for the next twelve months from the issuance date of this filing. We are currently devoting our efforts to locating merger candidates. Our ability to continue as a going concern is dependent upon our ability to develop additional sources of capital, locate and complete a merger with another company, and ultimately, achieve profitable operations. Our historical operating results disclosed in this Form 10-Q are not meaningful to our future results.

We do not currently engage in any business activities that provide cash flow. During the next twelve months we anticipate incurring costs related to: (i) investigating and analyzing business combinations; (ii) filing of Exchange Act reports, and (iii) consummating an acquisition. We believe we will be able to meet these costs through amounts, as needed, to be lent by or invested in us by our shareholders, management or other investors.

We may consider acquiring a business that has recently commenced operations, a developing company in need of additional funds for expansion into new products or markets, a company seeking to develop a new product or service or an established business which may be experiencing financial or operating difficulties and is in need of additional capital. In the alternative, a business combination may involve the acquisition of, or merger with, a company that does not need substantial additional capital, but desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.

Our management has not had any preliminary contact or discussions with any representative of any other entity regarding a business combination with us. Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

Our management anticipates that we will likely be able to effect only one business combination, due primarily to our limited financing and the dilution of interest for present and prospective shareholders, which is likely to occur as a result of our management's plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.


9

MULTI SOLUTIONS II, INC.

We anticipate that the selection of a business combination will be complex and extremely risky. Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are firms seeking the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

In order to minimize potential conflicts of interest which may arise because our directors and officers also serve as the directors and officers of Multi Soft II, Inc., an entity under common control, each of our officers and directors has entered into an agreement with us and Multi Soft II, Inc. whereby they have each agreed that Multi Soft II, Inc. shall not analyze or consider any possible business combination opportunities until we have agreed to consummate a business combination.

If we consummate a business combination, we will use our best efforts to have our stock quoted on the OTC Bulletin Board (the “OTCBB”), and anticipate that our common stock will be eligible to trade on the OTCBB subsequent to such business combination. In addition, subsequent to such business combination, we may seek the listing of our common stock on any of the several NASDAQ markets or the NYSE MKT, either immediately after such business combination or sometime in the future. However, in 2011, the NASDAQ, NYSE, and NYSE MKT adopted a “seasoning” requirement for the listing of former reverse merger companies, which includes trading in another market for an adequate period of time at certain minimum price levels, with an adequate number of round lot shareholders and completing SEC filings during this time, although there is an exception to this requirement for firmly underwritten public offerings of at least $45 million. We may be unable to comply with seasoning requirements for listing prior to the listing deadline and we may be unable to qualify for the $45 million exception, which could adversely impact our ability to access U.S. stock exchanges. There can be no assurance that after we consummate a business combination we will be quoted on the OTCBB or be able to meet the initial listing standards of any stock exchange or quotation service, or that we will be able to maintain a listing of our common stock on any of those or any other stock exchange or quotation service. If an active trading market for our shares does not develop, the value and liquidity of our shares will be materially and adversely affected.

Results of Operations

Comparison of Three Months Ended October 31, 2017 and 2016

Revenues. We did not generate revenues for the three months ended October 31, 2017 and 2016 , respectively.

General and Administrative Expenses . General and administrative expenses for the three months ended October 31, 2017 and 2016 were $7,425 and $11,013 , respectively. During the three months ended October 31, 2017 and 2016 , such expenses consisted of professional fees associated with various corporate organizational matters. We anticipate that our general and administrative expenses will remain at these levels, subject to inflationary increases or changes in the regulatory environment, until such time as we effect a merger or other business combination with an operating business, if at all.

Other Expense. Other expense was $10,250 and $8,899 for the three months ended October 31, 2017 and 2016 , respectively. Other expense for the three months ended October 31, 2017 and 2016 related to interest expense on the outstanding balance of the credit facility executed in April 2012.
Net Loss. Our net loss for the three months ended October 31, 2017 and 2016 was $17,675 and $19,912 , respectively.

10

MULTI SOLUTIONS II, INC.



Comparison of Nine Months Ended October 31, 2017 and 2016

Revenues. We did not generate revenues for the nine months ended October 31, 2017 and 2016 , respectively.

General and Administrative Expenses . General and administrative expenses for the nine months ended October 31, 2017 and 2016 were $28,683 and $32,863 , respectively. During the nine months ended October 31, 2017 and 2016 , such expenses consisted of professional fees associated with various corporation matters. We anticipate that our general and administrative expenses will remain at these levels, subject to inflationary increases or changes in the regulatory environment, until such time as we effect a merger or other business combination with an operating business, if at all.

Other Expense. Other expense was $29,563 and $26,094 for the nine months ended October 31, 2017 and 2016 , respectively. Other expense for the nine months ended October 31, 2017 and 2016 related to interest expense on the outstanding balance of the credit facility executed in April 2012.
Net Loss. Our net loss for the nine months ended October 31, 2017 and 2016 was $58,246 and $58,957 , respectively.

Liquidity and Capital Resources

We do not have any revenues from operations and, absent a merger or other combination with an operating company, or a public or private sale of our equity or debt securities, the occurrence of either of which cannot be assured, we will be dependent upon future loans or equity investments from our present shareholders or management, for which there is no existing commitment. Although we have no present commitment from any such parties to provide funding aside from the Credit Facility, if we reach the point where we need funds to remain in operation, we will attempt to raise funds from our present shareholders or management in the form of equity or debt. If, in such situation, we are unable to raise funds from those parties, it is likely that our business would cease operations. As of October 31, 2017 , we had a cash balance of $13,875 , total liabilities of $554,679 and a negative working capital balance of approximately $15,900 .

In April 2012 we entered into an 11% revolving credit promissory note in favor of Vector in the principal amount of up to $450,000 , as amended on June 3, 2015 , and the outstanding principal and interest balance owed to Vector as of October 31, 2017 was $524,879 , including accrued interest of $155,682 . We believe this revolving credit arrangement provides us with access to capital sufficient for the next twelve months from the issuance date of this filing. If we later determine that our capital reserves are insufficient, we will either cease operations or we will need to raise additional capital through the issuance of additional shares or through debt. There is no existing commitment to provide additional capital. In such situation, there can be no assurance that we shall be able to receive additional financing, and if we are unable to receive sufficient additional financing upon acceptable terms, it is likely that our business would cease operations.

Discussion of Cash Flows

For the nine months ended October 31, 2017 , net cash and cash equivalents decreased by $26,184 . Net cash used in operations was $46,184 . For the nine months ended October 31, 2017 , no cash was provided by investing, while cash provided by financing activities was $20,000 .

For the nine months ended October 31, 2016 , net cash and cash equivalents increased by $10,837 . Net cash used in operations was $29,163 . For the nine months ended October 31, 2016 , no cash was provided by investing, while cash provided by financing activities was $40,000 .



MULTI SOLUTIONS II, INC.

Liquidity Sources

We satisfy our cash needs by drawing on the 11% revolving credit promissory note in favor of Vector in the principal amount of up to $450,000 , as amended on June 3, 2015 which had an outstanding principal and interest balance of $524,879 including accrued interest of $ 155,682 as of October 31, 2017 .

We may seek to raise additional capital through the issuance of equity or debt, including loans from related parties, to acquire sufficient liquidity to satisfy our future liabilities. Such additional capital may not be available timely or on terms acceptable to us, if at all. Our plans to repay our liabilities as they become due may be impacted adversely by our inability to have sufficient liquid assets to satisfy our liabilities.

Contractual Obligations

As a smaller reporting company as defined in Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore are not required to provide the information requested by this section.

Off Balance Sheet Arrangements

We do not have any off balance sheet arrangements.

Critical Accounting Policies and Estimates

Our financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make significant estimates and judgments that affect the reported amounts of assets, liabilities, revenues, and expenses and related disclosures of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to income taxes, and contingencies and litigation. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Our significant accounting policies are described in more detail in Note 1 to our financial statements included in the annual report on Form 10-K for the year ended January 31, 2017.




12

MULTI SOLUTIONS II, INC.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Some of the statements contained in this quarterly report on Form 10-Q discuss future expectations, contain projections of our plan of operation or financial condition or state other forward-looking information. In this quarterly report on Form 10-Q, forward-looking statements are generally identified by the words such as "anticipate", "plan", "believe", "expect", "estimate", and the like. Forward-looking statements involve future risks and uncertainties, there are factors that could cause actual results or plans to differ materially from those expressed or implied. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. A reader deciding whether to invest in our securities or not, should not place undue reliance on these forward-looking statements, which apply only as of the date of this quarterly report on Form 10-Q. Important factors that may cause actual results to differ from projections include, for example:

the success or failure of our efforts to implement our plan of operation;
our ability to fund our operating expenses;
our ability to compete with other companies that have a similar plan of operation;
the effect of changing economic conditions impacting our plan of operation;
our ability to meet the other risks as may be described in future filings with the SEC.

Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this quarterly report on Form 10-Q to be accurate as of the date hereof. Changes may occur after that date. We will not update that information except as required by law in the normal course of our public disclosure practices.

Additionally, the discussion regarding our financial condition and results of operations should be read in conjunction with the condensed financial statements and related notes.

13

MULTI SOLUTIONS II, INC.


Item 3.     QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a smaller reporting company as defined Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore are not required to provide the information requested by this section.


Item 4.     CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we have evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report, and, based on their evaluation, our principal executive officer and principal financial officer have concluded that these controls and procedures are effective.

During the quarter covered by this report, we have not made any change to our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.



14

MULTI SOLUTIONS II, INC.


PART II. OTHER INFORMATION


ITEM 1.      LEGAL PROCEEDINGS

There are no material pending legal proceedings of which we or any of our property is the subject as of the date of this filing.

ITEM 6.      EXHIBITS

No.
 
 
Description
 
 
 
 
 
 
Certification of Chief Executive Officer, Pursuant to Exchange Act Rule 13a-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
 
 
 
 
 
Certification of Chief Financial Officer, Pursuant to Exchange Act Rule 13a-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
 
 
 
 
 
Certification of Chief Executive Officer, Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 
 
 
 
 
 
Certification of Chief Financial Officer, Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 
 
 
 
101.INS
***
 
XBRL Instance Document
 
 
 
 
101.SCH
***
 
XBRL Taxonomy Extension Schema
 
 
 
 
101.CAL
***
 
XBRL Taxonomy Extension Calculation Linkbase
 
 
 
 
101.DEF
***
 
XBRL Taxonomy Extension Definition Linkbase
 
 
 
 
101.LAB
***
 
XBRL Taxonomy Extension Label Linkbase
 
 
 
 
101.PRE
***
 
XBRL Taxonomy Extension Presentation Linkbase
 
 
 
 
***
 
 
Pursuant to Rule 406T of SEC Regulations S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Securities Act of 1934 and otherwise are not subject to liability under these sections.






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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.

            

Dated:
December 14, 2017
 
MULTI SOLUTIONS II, INC.
 
 
 
 
By:
/s/ J. Bryant Kirkland III
 
 
 
 
Name:
J. Bryant Kirkland III
 
 
 
 
Title:
President and Chief Executive Officer
 
 
 
 
 
 
 
 
 
 
By:
/s/ Deborah A. Fasanelli
 
 
 
 
Name:
Deborah A. Fasanelli
 
 
 
 
Title:
Chief Financial Officer, Secretary and Treasurer
 


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1 Year Multi Solutions II (PK) Chart

1 Year Multi Solutions II (PK) Chart

1 Month Multi Solutions II (PK) Chart

1 Month Multi Solutions II (PK) Chart