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Item 5. Market for Registrant’s Common Equity

2021-11-10 compared with 2021-08-31 · 56 added, 251 removed, 4 unchanged (99% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES

and Stockholder Matters

Shares of our common

stock trade in the pink sheets market and quotations for the common stock are listed in the "Pink Sheets"

produced by the OTC

Markets under the symbol "CONC".

The following table sets forth for the respective periods indicated the prices of our common

stock in this market as reported and summarized by the National Quotation Bureau.

Such prices are based on inter-dealer bid and asked

prices, without markup, markdown, commissions, or adjustments and may not represent actual transactions.

During the fiscal

years ended September 30, 2020 and 2019 CONC had a trading history as follows:

Fiscal Year 2019:

September 30, 2018

December 31, 2019

March 31, 2019

June 30, 2019

Fiscal Year 2020:

September 30, 2019

December 31, 2019

March 31, 2020

June 30, 2020

The above prices are historical, not reflective of the 10,000 to 1 reverse split of March 10, 2021.

Last Reported Price

On March 19, 2021, the last

reported bid price of our shares of common stock reported on the Pink Sheets was $0.005 per share.

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS

AND ISSUER PURCHASES OF EQUITY SECURITIES

of our Common Stock trade in the pink sheets market and quotations for the Common Stock are listed in the "Pink Sheets" produced

by the OTC Markets under the symbol "CONC".

The trading volume is very limited, averaging approximately three shares daily.

The last reported trade was on September 16, 2021, for 100 shares at $0.40/share.

Record Holders.

325 holders of record as of March 21, 2021;

however, we believe the number of beneficial holders of our shares of common stock to be

approximately 350.

In many instances, a registered stockholder is a broker or other entity holding shares in street name for one or more

customers who beneficially own the shares.

agent is Signature Stock Transfer, Inc.

There were 325 holders of record as of November 7, 2021;

however, we believe

the number of beneficial holders of our shares of Common Stock to be approximately 350.

In many instances, a registered stockholder is

a broker or other entity holding shares in street name for one or more customers who beneficially own the shares.

transfer agent is Signature Stock Transfer, Inc.

14673 Midway Road, Suite 220, Addison, Texas 75001.

1 unchanged sentence

Dividend Policy

never paid cash dividends and have no plans to do so in the foreseeable future.

Our future dividend policy will be determined by our

board of directors and will depend upon a number of factors, including our financial condition and performance, our cash needs and expansion

plans, income tax consequences, and the restrictions that applicable laws, any future preferred stock instruments, and any future credit

arrangements may then impose.

Regulation Broker-dealer practices in connection with transactions in "penny stocks"

are regulated by certain penny stock rules

adopted by the Securities and Exchange Commission.

Penny stocks generally are equity securities with a price of less than $5.00.

from the penny stock designation are securities registered on certain national securities exchanges or quoted on NASDAQ, provided that

current price and volume information with respect to transactions in such securities is provided by the exchange/system or sold to established

customers or accredited investors.

stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized

risk disclosure document that provides information about penny stocks and the risks in the penny stock market.

The broker-dealer also

must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson

in connection with the transaction, and the monthly account statements showing the market value of each penny stock held in the customer's

In addition, the penny stock rules generally require that prior to a transaction in a penny stock, the broker-dealer must make

a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement

to the transaction.

These disclosure

requirements may have the effect of reducing the level of trading activity in the secondary market for a stock that becomes subject to

the penny stock rules.

As our securities have become subject to the penny stock rules, investors may find it more difficult to sell their

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

We have no assets,

minor liabilities and administrative expenses.

TO PURSUE THE ACQUISITION OF AN OPERATING BUSINESS

Our sole strategy

is to acquire an operating business.

Successful implementation of this strategy depends on our ability to identify a suitable acquisition

candidate, acquire such company on acceptable terms and integrate its operations.

In pursuing acquisition opportunities, we compete with

other companies with similar strategies.

Competition for acquisition targets may result in increased prices of acquisition targets and

a diminished pool of companies available for acquisition.

Acquisitions involve multiple other risks, including risks of acquiring undisclosed

or undesired liabilities, acquired in-process technology, stock compensation expense, diversion of management attention, potential disputes

with the seller of one or more acquired entities and possible failure to retain key acquired personnel.

Any acquired entity or assets

may not perform relative to our expectations.

Our ability to meet these challenges has not been established.

OF, AND COMPETITION FOR, BUSINESS OPPORTUNITIES AND COMBINATIONS

We believe we are

an insignificant participant among the firms which engage in the acquisition of business opportunities.

There are many established venture

capital and financial concerns that have significantly greater financial and personnel resources and technical expertise than we have.

Nearly all such entities have significantly greater financial resources, technical expertise and managerial capabilities than us and,

consequently, we will be at a competitive disadvantage in identifying possible business opportunities and successfully completing a business

Moreover, we will also compete in seeking merger or acquisition candidates with numerous other small public companies.

view of our limited financial resources and limited management availability, we will continue to be at a significant competitive disadvantage

compared to our competitors.

NOT EXECUTED ANY FORMAL AGREEMENT FOR A BUSINESS COMBINATION OR OTHER TRANSACTION AND HAVE ESTABLISHED NO STANDARDS FOR BUSINESS COMBINATIONS

We have not executed

any formal arrangement, agreement or understanding with respect to engaging in a merger with, joint venture with or acquisition of a

private or public entity.

There can be no assurance that we will be successful in identifying and evaluating suitable business opportunities

or in concluding a business combination.

We have not identified any particular industry or specific business within an industry for evaluation.

There is no assurance we will be able to negotiate a business combination on terms favorable, if at all.

We have not established a specific

length of operating history or specified level of earnings, assets, net worth or other criteria which we will require a target business

opportunity to have achieved, and without which we would not consider a business combination.

Accordingly, we may enter into a business

combination with a business opportunity having no significant operating history, losses, limited or no potential for earnings, limited

assets, negative net worth or other negative characteristics.

BE NEGATIVELY AFFECTED BY ADVERSE GENERAL ECONOMIC CONDITIONS

Current conditions

in domestic and global economies are extremely uncertain.

Adverse changes may occur as a result of softening global economies, wavering

consumer confidence caused by the threat of terrorism and war, and other factors capable of affecting economic conditions.

could have a material adverse effect on our business, financial condition, and results of operations.

OUR PRINCIPAL SHAREHOLDER CONTROLS OUR ACTIVITIES, HE MAY CAUSE US TO ACT IN A MANNER THAT IS MOST BENEFICIAL TO HIMSELF AND NOT TO OTHER

SHAREHOLDERS WHICH COULD CAUSE US NOT TO TAKE ACTIONS THAT OUTSIDE INVESTORS MIGHT VIEW FAVORABLY

Our principal shareholder

owns approximately 95% of our outstanding common stock.

As a result, he effectively controls all matters requiring stockholder approval,

including the election of directors, the approval of significant corporate transactions, such as mergers and related party transaction.

These insiders also have the ability to delay or perhaps even block, by their ownership of our stock, an unsolicited tender offer.

concentration of ownership could have the effect of delaying, deterring or preventing a change in control of our company that you might

view favorably.

DIRECTORS MAY HAVE CONFLICTS OF INTEREST WHICH MAY NOT BE RESOLVED FAVORABLY TO US.

Certain conflicts

of interest may exist between our sole director and us.

Our sole Director has other business interests to which he devotes his attention

and may be expected to continue to do so although management time should be devoted to our business.

As a result, conflicts of interest

may arise that can be resolved only through exercise of such judgment as is consistent with fiduciary duties to us.

See "Directors

and Executive Officers"

and "Conflicts of Interest."

DEPEND UPON OUTSIDE ADVISORS, WHO MAY NOT BE AVAILABLE ON REASONABLE TERMS AND AS NEEDED.

To supplement the

business experience of our officers and directors, we may be required to employ accountants, technical experts, appraisers, attorneys,

or other consultants or advisors.

Our Board without any input from stockholders will make the selection of any such advisors.

it is anticipated that such persons may be engaged on an "as needed"

basis without a continuing fiduciary or other obligation

In the event we consider it necessary to hire outside advisors, we may elect to hire persons who are affiliates, if they are able

to provide the required services.

OF PERCENTAGE SHARE OWNERSHIP FOLLOWING BUSINESS COMBINATION AND DILUTION TO STOCKHOLDERS

Our primary plan

of operation is based upon a business combination with a private concern which, in all likelihood, would result in us issuing securities

to stockholders of such private company.

The issuance of previously authorized and unissued shares of our common stock would result in

reduction in percentage of shares owned by present and prospective stockholders and may result in a change in control or management.

In addition, any merger or acquisition can be expected to have a significant dilutive effect on the percentage of the shares held our

stockholders.

REGULATION OF PENNY STOCKS BY SEC AND FINRA MAY HAVE AN EFFECT ON THE TRADABILITY OF OUR SECURITIES.

Our securities

are currently listed on the Pink Sheets and we are currently seeking to have them listed on the over the counter bulletin board.

shares are subject to a Securities and Exchange Commission rule that imposes special sales practice requirements upon broker-dealers

who sell such securities to persons other than established customers or accredited investors.

For purposes of the rule, the phrase "accredited

investors"

means, in general terms, institutions with assets in excess of $5,000,000, or individuals having a net worth in excess

of $1,000,000 or having an annual income that exceeds $200,000 (or that, when combined with a spouse's income, exceeds $300,000).

For transactions

covered by the rule, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser's written

agreement to the transaction prior to the sale.

Consequently, the rule may affect the ability of broker-dealers to sell our securities

and the ability of purchasers in this offering to sell their securities in any market that might develop.

In addition, the

Securities and Exchange Commission has adopted multiple rules to regulate "penny stocks."

Such rules include Rules 3a51-1,

15g-1, 15g-2, 15g-3, 15g-4, 15g-5, 15g-6, 15g-7, and 15g-9 under the Securities and Exchange Act of 1934, as amended.

Because our securities

constitute "penny stocks"

within the meaning of the rules, the rules would apply to us and to our securities.

The rules may

further affect the ability of owners of Shares to sell our securities in any market that might develop for them.

Shareholders should

be aware that, according to Securities and Exchange Commission, the market for penny stocks has suffered in recent years from patterns

of fraud and abuse.

Such patterns include (i) control of the market for the security by one or a few broker-dealers that are often related

to the promoter or issuer;

(ii) manipulation of prices through prearranged matching of purchases and sales and false and misleading press

(iii) "boiler room"

practices involving high-pressure sales tactics and unrealistic price projections by inexperienced

sales persons;

(iv) excessive and undisclosed bid-ask differentials and markups by selling broker-dealers;

and (v) the wholesale dumping

of the same securities by promoters and broker-dealers after prices have been manipulated to a desired consequent investor losses.

management is aware of the abuses that have occurred historically in the penny stock market.

Although we do not expect to be in a position

to dictate the behavior of the market or of broker-dealers who participate in the market, management will strive within the confines

of practical limitations to prevent the described patterns from being established with respect to our securities.

The shares of our

common stock may be thinly-traded on the Pink Sheets, meaning that the number of persons interested in purchasing our shares of common

stock at or near ask prices at any given time may be relatively small or non-existent.

This situation is attributable to a number of

factors, including the fact that we are a small company which is relatively unknown to stock analysts, stock brokers, institutional investors

and others in the investment community that generate or influence sales volume, and that even if we came to the attention of such persons,

they tend to be risk-averse and would be reluctant to follow an unproven, early stage company such as ours or purchase or recommend the

purchase of our shares of common stock until such time as we became more seasoned and viable.

As a consequence, there may be periods

of several days or more when trading activity in our shares of common stock is minimal or non-existent, as compared to a seasoned issuer

which has a large and steady volume of trading activity that will generally support continuous sales without an adverse effect on Securities

STOCK WILL IN ALL LIKELIHOOD BE THINLY TRADED AND AS A RESULT YOU MAY BE UNABLE TO SELL AT OR NEAR ASK PRICES OR AT ALL IF YOU NEED TO

LIQUIDATE YOUR SHARES.

We cannot give

you any assurance that a broader or more active public trading market for our shares of Common Stock will develop or be sustained, or

that any trading levels will be sustained.

Due to these conditions, we can give investors no assurance that they will be able to sell

their shares of common stock at or near ask prices or at all if you need money or otherwise desire to liquidate your shares of common

stock of our Company.

COMPANY IS A SHELL COMPANY AND AS SUCH SHAREHOLDERS CANNOT RELY ON THE PROVISIONS OF RULE 144 FOR RESALE OF THEIR SHARES UNTIL CERTAIN

CONDITIONS ARE MET.

The Company is

a shell company as defined under Rule 405 of the Securities Act of 1933 as a registrant that has no or nominal operations and either

no or nominal assets, or assets consisting only of cash or cash equivalents and/or other nominal assets.

As securities issued by a shell

company, the securities issued by the Company can only be resold by filing a registration statement for those shares or utilizing the

provisions of Rule 144 once certain conditions are met, to wit:

(i) the Company has ceased to be a shell company (ii) the Company is

subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, (iii) the Company has filed all

required reports under the Exchange Act of the preceding 12 months and (iv) one year has elapsed since the Company filed "Form 10"

Thus, a shareholder

of the Company will not be able to sell its shares until such time as a registration statement for those shares is filed or the Company

has ceased to be a shell company either by effecting a business combination or by developmental growth, the Company has remained current

on its Exchange Act filings for 12 months and the Company has filed the information as would be required by a "Form 10"

audited financial statements, management information and compensation, shareholder information, etc.)

PRICE OF OUR COMMON STOCK COULD BE HIGHLY VOLATILE

Our intention is

for our shares of common stock to continue to be listed on the OTC Markets.

There is a limited market for our stock.

It may be subject

to volatility, low volumes of trades and large spreads in bid and ask prices quoted by market makers.

Due to the low volume of shares

traded on any trading day, persons buying or selling in relatively small quantities may easily influence prices of our common stock.

This low volume of trades could also cause the price of our stock to fluctuate greatly, with large percentage changes in price occurring

in any trading day session.

Holders of our common stock may also not be able to readily liquidate their investment or may be forced to

sell at depressed prices due to low volume trading.

If high spreads between the bid and ask prices of our common stock exist at the time

of a purchase, the stock would have to appreciate substantially on a relative percentage basis for an investor to recoup their investment.

Broad market fluctuations and general economic and political conditions may also adversely affect the market price of our common stock.

No assurance can be given that an active market in our common stock will develop or be sustained.

If an active market does not develop,

holders of our common stock may be unable to readily sell the shares they hold or may not be able to sell their shares at all.

OF CONTROL BY OUR PRESENT MANAGEMENT AND STOCKHOLDERS MAY OCCUR UPON ISSUANCE OF ADDITIONAL SHARES.

We may issue further

Shares as consideration for the cash or assets or services out of our authorized but unissued Common Stock that would, upon issuance,

represent a majority of our voting power and equity.

The result of such an issuance would be those new stockholders and management would

control us, and persons unknown could replace our management at this time.

Such an occurrence would result in a greatly reduced percentage

of ownership of us by our current Shareholders.

NOT ANTICIPATE PAYING CASH DIVIDENDS ON OUR COMMON STOCK

We do not anticipate

paying any cash dividends on our common stock in the foreseeable future.

BE UNSUCCESSFUL IN FINDING A MERGER THAT CAN BE ACCOMPLISHED WITH POSITIVE LONG-TERM RESULTS

The business of

selecting and entering into a merger is fraught with all kinds of issues.

For instance, the business may need capital that is never achieved,

the management is not capable of carrying the business forward successfully, the business plan is ill conceived, and not executed, or

competitive factors cause business failure.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

have never paid cash dividends and have no plans to do so in the foreseeable future.

Our future dividend policy will be determined by

our board of directors and will depend upon a number of factors, including our financial condition and performance, our cash needs and

expansion plans, income tax consequences, and the restrictions that applicable laws, any future preferred stock instruments, and any

future credit arrangements may then impose.

Shares of Common Stock

Stock Reverse Split

The Company’s common shares

were reverse split 10,000 to 1 effective March 10, 2021.

Stock Issuances

On August 1, 2020, our sole

director and officer purchased 800,000 post-split common shares for $100 cash payable upon the effectiveness of such split, which occurred

on March 10, 2021.

Description of Common Stock

We are authorized to issue 250,000,000

shares of our Common Stock, no par value (the "Common Stock").

Each share of the Common Stock is entitled to share equally with each other

share of Common Stock in dividends from sources legally available therefore, when, and if, declared by our board of directors and, upon

our liquidation or dissolution, whether voluntary or involuntary, to share equally in the assets of the Company that are available for

distribution to the holders of the Common Stock.

Each holder of Common Stock is entitled to one vote per share for all purposes, except

that in the election of directors, each holder shall have the right to vote such number of shares for as many persons as there are directors

to be elected.

Cumulative voting shall not be allowed in the election of directors or for any other purpose, and the holders of Common

Stock have no preemptive rights, redemption rights or rights of conversion with respect to the Common Stock.

Our board of directors is

authorized to issue additional shares of our Common Stock within the limits authorized by our Articles of Incorporation and without stockholder

All shares of Common Stock have equal voting rights, and voting rights are not cumulative.

A total of 888,579 shares of

common stock are issued and outstanding.

Description of Preferred

Of the 50,000,000 authorized

shares of preferred stock, 1,000,000 shares have been designated as Class A, 1,000,000 shares as Class B, and the remaining 48,000,000

shares are undesignated.

Each share of Class A preferred

is entitled to 100 votes on all matters presented to the Company’s shareholders for action.

The Class A does not have any liquidation

preference, additional voting rights, anti-dilution rights, or any other preferential rights.

Each share of Class B preferred

is convertible into 10 shares of the Company’s common stock.

The Class B preferred does not have any liquidation preference, voting

rights, other conversion rights, anti-dilution rights, or any other preferential rights.

There are no preferred shares

issued and outstanding.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity