Oceanic Iron Ore Corp.

What they do

The excerpt identifies the registrant as Pacific Harbour Capital Ltd., a British Columbia corporation headquartered in Vancouver. No description of operations, products, or services is included in the provided excerpts. The filing is a Form 20-F annual report for the fiscal year ended March 31, 2009, filed as a non-accelerated filer under the Exchange Act. The company reports under Canadian GAAP with a U.S. GAAP reconciliation.

Revenue drivers

• Not disclosed in provided excerpts — The provided excerpts contain no description of revenue-generating segments, products, or services.

Recent performance

For the fiscal year ended March 31, 2009, the company reported revenue of $39,970, down from $48,000 in fiscal 2008. The net loss was $261,112, or $(0.04) per share, versus a net loss of $423,853, or $(0.06) per share, in the prior year. Total assets decreased to $598,867 from $884,505, and working capital fell to $461,233 from $718,850. Shareholders' equity declined to $573,854 from $834,969. No cash dividends were declared in any of the five years presented.

Strategy

The provided excerpts do not include a management discussion of strategy, investments, or priorities. No forward-looking statements or strategic initiatives are described in the available material. The filing notes that the information is current at August 24, 2009, except where a different date is specified. No acquisitions, divestitures, or capital programs are referenced in the excerpts. The company had 7,247,703 common shares outstanding as of the fiscal year end.

Risks

• No operating business identified — The provided excerpts do not identify any operating activities, products, or customers that generate revenue.
• Enforcement of legal remedies — Certain officers, directors, and professional advisors are resident in Canada, and Canadian counsel advises doubt as to enforceability in Canada of liabilities predicated solely on U.S. securities law violations.
• Listing risk — The common shares are listed on the TSX Venture Exchange; the provided excerpt does not disclose current compliance status with exchange requirements.
• Reliance on prior-period filings — The only source filing referenced is the Form 20-F for the fiscal year ended March 31, 2009, so no subsequent financial or operational updates are available in the provided excerpts.

Outlook

The provided excerpts contain no management outlook, guidance, or forward-looking statements. No future plans, targets, or expected developments are described. Accordingly, no outlook can be summarized from the available material.