Data Deposit Box Inc DDBXF

DDB MANAGEMENT DID NOT SEND US A MD&A

[moneynorthbound]

HERE is the link to all explain all your Canadian shareholders rights. I copy and pasted a bit of what i thought was really important

https://www.osc.gov.on.ca/documents/en/Securities-Category5/rule_20111031_51-102_unofficial-consolidation-post-ifrs.pdf

FORM 51-102F1

MANAGEMENT’S DISCUSSION & ANALYSIS

TABLE OF CONTENTS

GENERAL PROVISIONS

1. (a)  What is MD&A?

2. (b)  Date of Information

3. (c)  Use of “Company”

4. (d)  Explain Y our Analysis

5. (e)  Focus on Material Information

6. (f)  What is Material?

7. (g)  Venture Issuers Without Significant Revenue

8. (h)  Reverse Takeover Transactions

9. (i)  [Repealed]

10. (j)  Resource Issuers

11. (k)  Numbering and Headings

12. (l)  Omitting Information

13. (m)  Defined Terms

14. (n)  Plain Language

15. (o)  Available Prior Period Information

16. (p)  Use of “Financial Condition”

CONTENT OF MD&A

PART 2

Item 1

Annual MD&A

1. 1.1  Date

2. 1.2  Overall Performance

3. 1.3  Selected Annual Information

4. 1.4  Discussion of Operations

5. 1.5  Summary of Quarterly Results

6. 1.6  Liquidity

7. 1.7  Capital Resources

8. 1.8  Off-Balance Sheet Arrangements

9. 1.9  Transactions Between Related Parties

10. 1.10  Fourth Quarter

11. 1.11  Proposed Transactions

12. 1.12  Critical Accounting Estimates

13. 1.13  Changes in Accounting Policies including Initial Adoption

14. 1.14  Financial Instruments and Other Instruments

15. 1.15  Other MD&A Requirements

Interim MD&A

PART 1 (a)

FORM 51-102F1

MANAGEMENT’S DISCUSSION & ANALYSIS

GENERAL PROVISIONS

What is MD&A?

MD&A is a narrative explanation, through the eyes of management, of how your company performed during the period covered by the financial statements, and of your company’s financial condition and future prospects. MD&A complements and supplements your financial statements, but does not form part of your financial statements.

Your objective when preparing the MD&A should be to improve your company’s overall financial disclosure by giving a balanced discussion of your company’s financial performance and financial condition including, without limitation, such considerations as liquidity and capital resources - openly reporting bad news as well as good news. Your MD&A should

• help current and prospective investors understand what the financial statements show and do not show;

• discuss material information that may not be fully reflected in the financial statements, such as contingent liabilities, defaults under debt, off-balance sheet financing arrangements, or other contractual obligations;

• discuss important trends and risks that have affected the financial statements, and trends and risks that are reasonably likely to affect them in the future; and

• provide information about the quality, and potential variability, of your company’s profit or loss and cash flow, to assist investors in determining if past performance is indicative of future performance.

  Date of Information

  In preparing the MD&A, you must take into account information available up to the date of the MD&A. If the date of the MD&A is not the date it is filed, you must ensure the disclosure in the MD&A is current so that it will not be misleading when it is filed.

  Use of “Company”

  Wherever this Form uses the word “company”, the term includes other types of business organizations such as partnerships, trusts and other unincorporated

(b)

(c)

89

Unofficial consolidation – in effect as of October 31, 2011 – for financial years beginning on or after January 1, 2011

business entities.

4. (d)  Explain Your Analysis

   Explain the nature of, and reasons for, changes in your company’s performance. Do not simply disclose the amount of change in a financial statement item from period to period. Avoid using boilerplate language. Your discussion should assist the reader to understand trends, events, transactions and expenditures.

5. (e)  Focus on Material Information

   Focus your MD&A on material information. You do not need to disclose information that is not material. Exercise your judgment when determining whether information is material.

6. (f)  What is Material?

   Would a reasonable investor’s decision whether or not to buy, sell or hold securities in your company likely be influenced or changed if the information in question was omitted or misstated? If so, the information is likely material.

7. (g)  Venture Issuers Without Significant Revenue

   If your company is a venture issuer without significant revenue from operations, focus your discussion and analysis of financial performance on expenditures and progress towards achieving your business objectives and milestones.

8. (h)  Reverse Takeover Transactions

   If an acquisition is a reverse takeover, the MD&A should be based on the reverse takeover acquirer’s financial statements.

9. (i)  [Repealed]

10. (j)  Resource Issuers

    If your company has mineral projects, your disclosure must comply with National Instrument 43-101 Standards of Disclosure for Mineral Projects, including the requirement that all scientific and technical disclosure be based on a technical report or other information prepared by or under the supervision of a qualified person.

    If your company has oil and gas activities, your disclosure must comply with National Instrument 51-101 Standards of Disclosure for Oil and Gas

90

Unofficial consolidation – in effect as of October 31, 2011 – for financial years beginning on or after January 1, 2011

Activities.

11. (k)  Numbering and Headings

    The numbering, headings and ordering of items included in this Form are guidelines only. You do not need to include the headings or numbering or follow the order of items in this Form. Disclosure provided in response to any item need not be repeated elsewhere.

12. (l)  Omitting Information

    You do not need to respond to any item in this Form that is inapplicable.

13. (m)  Defined Terms

    If a term is used but not defined in this Form, refer to Part 1 of National Instrument 51-102 and to National Instrument 14-101 Definitions. If a term is used in this Form and is defined in both the securities statute of the local jurisdiction and in National Instrument 51-102, refer to section 1.4 of Companion Policy 51-102CP for further guidance.

    This Form also uses accounting terms that are defined or used in Canadian GAAP applicable to publicly accountable enterprises. For further guidance, see subsections 1.4(7) and (8) of Companion Policy 51-102CP.

14. (n)  Plain Language

    Write the MD&A so that readers are able to understand it. Refer to the plain language principles listed in section 1.5 of Companion Policy 51-102CP for further guidance. If you use technical terms, explain them in a clear and concise manner.

15. (o)  Available Prior Period Information

    If you have not presented comparative financial information in your financial statements, in your MD&A you must provide prior period information relating to financial performance that is available.

16. (p)  Use of “Financial Condition”

    This Form uses the term “financial condition”. Financial condition reflects the overall health of the company and includes your company’s financial position (as shown on the statement of financial position) and other factors that may affect your company’s liquidity, capital resources and solvency.

91

Unofficial consolidation – in effect as of October 31, 2011 – for financial years beginning on or after January 1, 2011

PART 2 Item 1 1.1

1.2

CONTENT OF MD&A Annual MD&A
Date

Specify the date of your MD&A. The date of the MD&A must be no earlier than the date of the auditor’s report on the annual financial statements for your company’s most recently completed financial year.

Overall Performance

Provide an analysis of your company’s financial condition, financial performance and cash flows. Discuss known trends, demands, commitments, events or uncertainties that are reasonably likely to have an effect on your company’s business. Compare your company’s performance in the most recently completed financial year to the prior year’s performance. Your analysis should address at least the following:

1. (a)  operating segments that are reportable segments as those terms are described in the issuer’s GAAP;

2. (b)  other parts of your business if

   1. (i)  they have a disproportionate effect on revenue, profit or loss or cash needs; or

   2. (ii)  there are any legal or other restrictions on the flow of funds from one part of your company’s business to another;

3. (c)  industry and economic factors affecting your company’s performance;

4. (d)  why changes have occurred or expected changes have not occurred in your company’s financial condition and financial performance; and

5. (e)  the effect of discontinued operations on current operations.

INSTRUCTIONS

1. (i)  When explaining changes in your company’s financial condition and results, include an analysis of the effect on your continuing operations of any acquisition, disposition, write-off, abandonment or other similar transaction.

2. (ii)  A discussion of financial condition should include important trends and risks that have affected the financial statements, and trends and risks that are reasonably likely to affect them in the future.

92

Unofficial consolidation – in effect as of October 31, 2011 – for financial years beginning on or after January 1, 2011

(iii) Include information for a period longer than two financial years if it will help the reader to better understand a trend.

1.3 Selected Annual Information

1. (1)  Provide the following financial data derived from your company’s annual financial statements for each of the three most recently completed financial years:

   1. (a)  total revenue;

   2. (b)  profit or loss from continuing operations attributable to owners of the parent, in total and on a per-share and diluted per-share basis;

   3. (c)  profit or loss attributable to owners of the parent, in total and on a per- share and diluted per-share basis;

   4. (d)  total assets;

   5. (e)  total non-current financial liabilities; and

   6. (f)  distributions or cash dividends declared per-share for each class of share.

2. (2)  Discuss the factors that have caused period to period variations including discontinued operations, changes in accounting policies, significant acquisitions or dispositions and changes in the direction of your business, and any other information your company believes would enhance an understanding of, and would highlight trends in, financial position and financial performance.

INSTRUCTIONS

1. (i)  For each of the three most recently completed financial years, indicate the accounting principles that the financial data has been prepared in accordance with, the presentation currency and the functional currency if different from the presentation currency.

2. (ii)  If the financial data provided was not prepared in accordance with the same accounting principles for all three years, focus the discussion on the important trends and risks that have affected the business.

93

Unofficial consolidation – in effect as of October 31, 2011 – for financial years beginning on or after January 1, 2011

1.4 Discussion of Operations

Discuss your analysis of your company’s operations for the most recently completed financial year, including

1. (a)  total revenue by reportable segment, including any changes in such amounts caused by selling prices, volume or quantity of goods or services being sold, or the introduction of new products or services;

2. (b)  any other significant factors that caused changes in total revenue;

3. (c)  cost of sales or gross profit;

4. (d)  for issuers that have significant projects that have not yet generated revenue, describe each project, including your company’s plan for the project and the status of the project relative to that plan, and expenditures made and how these relate to anticipated timing and costs to take the project to the next stage of the project plan;

5. (e)  for resource issuers with producing mines or mines under development, identify any milestone, including without limitation, mine expansion plans, productivity improvements, plans to develop a new deposit, or production decisions, and whether the milestone is based on a technical report filed under National Instrument 43-101 Standards of Disclosure for Mineral Projects;

6. (f)  factors that caused a change in the relationship between costs and revenue, including changes in costs of labour or materials, price changes or inventory adjustments;

7. (g)  commitments, events, risks or uncertainties that you reasonably believe will materially affect your company’s future performance including total revenue and profit or loss from continuing operations attributable to owners of the parent;

8. (h)  effect of inflation and specific price changes on your company’s total revenue and on profit or loss from continuing operations attributable to owners of the parent;

9. (i)  a comparison in tabular form of disclosure you previously made about how your company was going to use proceeds (other than working capital) from any financing, an explanation of variances and the impact of the variances, if any, on your company’s ability to achieve its business objectives and milestones; and

10. (j)  unusual or infrequent events or transactions.