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Atlantica Inc   (ALDA)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $1.1000 $-0.40 -26.667%
Day's High: $1.1 Week Perf:
Day's Low: $ 1.10 30 Day Perf:
Volume (M): 1 52 Wk High: $ 0.00
Volume (M$): $ 1 52 Wk Avg: $0.00
Open: $1.10 52 Wk Low: $0.00



 Market Capitalization (Millions $) 3
 Shares Outstanding (Millions) 3
 Employees 1
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Atlantica Inc

Our Company was organized pursuant to the laws of the State of Utah on March 3, 1938, under the name “Red Hills Mining Company,” with an authorized capital of $20,000 divided into 2,000,000 shares of common stock of a par value of $0.01 per share. Our Company was formed for the primary purpose of conducting the business of mining in all of its branches.

We are currently seeking potential assets, property or businesses to acquire, in a business combination, by reorganization, merger or acquisition. We have had no material business operations since March 7, 1997. Our plan of operation for the next 12 months is to: (i) consider guidelines of industries in which we may have an interest; (ii) adopt a business plan regarding engaging in the business of any selected industry; and (iii) to commence operations through funding and/or the acquisition or business combination with a “going concern” engaged in any industry selected. We are unable to predict the time as to when and if we may actually participate in any specific business endeavor, and we will be unable to do so until we determine any particular industry in which we may conduct business operations.

We are not currently engaged in any substantive business activity except the search for potential assets, property or businesses to acquire, and we have no current plans to engage in any other activity in the foreseeable future unless and until we complete any such acquisition. In our present form, we are deemed to be a “shell company” seeking to acquire or merge with a business or company. We do not intend to restrict our search for business opportunities to any particular business or industry, and the areas in which we will seek out business opportunities may include all lawful businesses. We recognize that the number of suitable potential business ventures that may be available to us will be extremely limited, and may be restricted to businesses or entities that desire to become a publicly-held company while avoiding what many may deem to be the adverse factors related to an initial public offering (“IPO”) as a method of “going public.” The most prevalent of these factors include the substantial time requirements, legal and accounting costs, the inability to obtain an underwriter who is willing to publicly offer and sell securities on behalf of the particular entity, the lack of or the inability to obtain the required financial statements for such an undertaking, state limitations on the amount of dilution to public investors in comparison to the stockholders of any such entity, along with other conditions or requirements imposed by various federal and state securities laws, rules and regulations and federal and state agencies that implement them.

Management intends to consider a number of factors prior to making any decision to participate in any specific business endeavor, none of which may be determinative or provide any assurance of success. These may include, but will not be limited to, as applicable, an analysis of the quality of the particular business or entity’s management and personnel; the anticipated acceptability of any new products or marketing concepts that any such business or company may have; the merits of any such business’s or company’s technology or intellectual property; the present financial condition, projected growth potential and available technical, financial and managerial resources; working capital, history of operations and future prospects; the nature of present and expected competition; the quality and experience of any such business’s or company’s management services and the depth of management; the business’ or the company’s potential for further research, development or exploration; risk factors specifically related to the business’s or company’s operations; the potential for growth, expansion and profit; the perceived public recognition or acceptance of products, or services offered and trademarks and name identification; and numerous other factors that are difficult, if not impossible, to properly or accurately quantify or analyze, let alone describe or identify, without referring to specific objective criteria of an identified business or company.

Our management will attempt to meet personally with management and key personnel of any entity providing a potential business opportunity for us, visit and inspect material facilities, obtain independent analysis or verification of information provided and gathered, check references of material personnel and conduct other reasonably prudent measures calculated to ensure a reasonably thorough review of any particular business opportunity; however, due to time constraints of management and limited capital, these activities may be limited.

We are unable to predict the time as to when and if we may actually participate in any specific business endeavor or if at all. We anticipate that proposed business ventures will be made available to us through personal contacts of directors, executive officers and principal stockholders, professional advisors, broker dealers in securities, venture capital personnel and others who may present unsolicited proposals. In certain cases, we may agree to pay a finder’s fee or to otherwise compensate the persons who submit a potential business endeavor in which we eventually participate.

Although we currently have no plans to do so, depending on the nature and extent of services rendered, we may compensate members of our management in the future for services that they may perform for us. Because we currently have extremely limited resources, and we are unlikely to have any significant resources until we have determined a business or enterprise to engage in or have completed a business combination, management expects that any such compensation would take the form of an issuance of shares of our common stock to these persons; this would have the effect of further diluting the holdings of our other stockholders.



   Company Address: c/o Richland Hobe Sound 33455 FL
   Company Phone Number: 545-9002   Stock Exchange / Ticker: ALDA
   


   

Stock Performances by Major Competitors

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Atlantica Inc

ALDA Falls Short in Fourth Quarter 2023 Financial Results2.

In the world of blank checks, where investors are constantly on the lookout for the next big opportunity, it seems that some of the smaller entities are struggling to keep up with the leaders in the industry. One such company, ALDA, recently announced an operating shortfall of $-0.051539 million for the fourth quarter of 2023. This revelation has raised concerns among stakeholders who were anticipating further revenue sources to come in the near future.
Meanwhile, another company in the sector, Atlantica Inc, is also facing its fair share of challenges. Despite efforts to improve productivity, the markets seem to be paying little attention. The most recent fiscal period has shown a significant increase in the shortfall, with a loss of $-0.092 million compared to $-0.071 million in the previous reporting season. This is certainly not a positive sign for Atlantica Inc, as it indicates a worsening financial situation.

Atlantica Inc

Transforming the Blank Checks Industry: Atlantica Inc's Promising Fiscal Third Quarter of 2023

The third quarter of the 2023 earnings season has brought forth a wave of positive results for various entities, including some key players in the Blank Checks sector. Among them, Atlantica Inc, a rising company in the industry, has recently reported a significant improvement in its performance compared to the same period last year.
During the third quarter of 2023, Atlantica Inc recorded an operating deficit of $-0.052257 million. While this may appear as a negative figure at first glance, it is crucial to acknowledge the company's progression from the previous year when it reported an operating deficit of $-0.059946 million. This noteworthy reduction of approximately $0.0077 million showcases the company's enhanced competitiveness and improved operational efficiency.

Atlantica Inc

Atlantica Inc. Rises Above the Competition in the Blank Checks Sector with Recent Operational Efficiencies, Achieving Improved Financial Performance in Q2 2023

Trailing the big players in the Blank Checks industry, a number of smaller corporations are making their mark with notable results. Atlantica Inc, a company operating in the development stage, has reported an operating shortfall of $-0.070336 million for the second quarter of 2023. While this may seem concerning at first glance, it is important to note that recent decisions regarding operational efficiency have overshadowed those made in the same period last year.
During the most recent fiscal period, Atlantica Inc's management has made significant improvements in managing their assets, particularly the ALDA. As a result, they have successfully reduced losses to $-0.108 million, demonstrating their commitment to streamlining operations and optimizing financial performance.

Atlantica Inc

Atlantica Inc Faces Growing Concerns as Operating Shortfall Widens to -$0.89096 Million

Investing in the stock market can be a great way to grow your wealth, but it's important to approach it with caution. A recent report on Atlantica Inc highlights some concerning trends that investors should be aware of.
According to the report, Atlantica Inc has recorded a cumulative net loss of $-1 million during the 12 months ending in the first quarter of 2023. This is a worrying sign for investors as it suggests that the company is not generating enough revenue to cover its expenses.






 




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