0001165527-11-001113.txt : 20111117 0001165527-11-001113.hdr.sgml : 20111117 20111117131343 ACCESSION NUMBER: 0001165527-11-001113 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111117 DATE AS OF CHANGE: 20111117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASEY CONTAINER CORP CENTRAL INDEX KEY: 0001387998 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 205619324 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-140445 FILM NUMBER: 111212508 BUSINESS ADDRESS: STREET 1: 7255 EAST ALFREDO DRIVE CITY: SCOTTSDALE STATE: AZ ZIP: 85258 BUSINESS PHONE: 602-819-4181 MAIL ADDRESS: STREET 1: 7255 EAST ALFREDO DRIVE CITY: SCOTTSDALE STATE: AZ ZIP: 85258 FORMER COMPANY: FORMER CONFORMED NAME: Sawadee Ventures Inc. DATE OF NAME CHANGE: 20070126 10-Q/A 1 g5577a.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q/A (Amendment No. 1) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2011 Commission file number 333-140445 Casey Container Corp. (Exact Name of Registrant as Specified in Its Charter) NEVADA (State or other jurisdiction of incorporation or organization) 7255 East San Alfredo Drive, Scottsdale, AZ 85258 (Address of principal executive offices, including zip code) (800) 234-3919 (Telephone number, including area code) Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 last 90 days. YES [X] 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 (ss.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). Yes [X] No [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer, "accelerated filer," "non-accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES [X] NO [ ] State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 60,790,001 shares outstanding as of November 14, 2011. The purpose of this Amendment No. 1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2011, filed with the Securities and Exchange Commission on November 14, 2011 (the "Form 10-Q"), is solely to furnish Exhibit 101 to the Form 10-Q. Exhibit 101 provides the financial statements and related notes from the Form 10-Q formatted in XBRL (Extensible Business Reporting Language). No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q continues to speak as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q. Pursuant to rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto 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, as amended, are deemed not filed for purposes of Section 18 of the Securities Act of 1934, as amended, and otherwise are not subject to liability under those sections. ITEM 6. EXHIBITS
Exhibit Description Method of Filing ------- ----------- ---------------- 3.1 Articles of Incorporation Incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form SB-2 filed with the SEC on February 5, 2007. 3.2 Bylaws Incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form SB-2 filed with the SEC on February 5, 2007. 31.1 Certification of Chief Executive Previously filed Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 31.2 Certification of Chief Financial Previously filed Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32.1 Certification of Chief Executive Previously filed Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 32.2 Certification of Chief Financial Previously filed Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 101 Interactive Data Files pursuant to Rule Filed electronically 405 of Regulation S-T.
2 SIGNATURES In accordance with the requirements of the Securities Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on November 17, 2011. CASEY CONTAINER CORP. /s/ Martin R Nason ----------------------------------------- Martin R Nason, Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer 3
EX-101.INS 2 csey-20110930.xml 575 179400 76000 48750 48750 183442 56608 223596 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 10. FUNDING AGREEMENT</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Effective July 1, 2011, the Company and Crown Hospitality Group, LLC ("Crown"),</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> an affiliated company of Crown Endeavors Global Limited ("CEG Fund"), signed a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> binding Funding Agreement to invest $4 million as equity capital in exchange for</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 60,790,001 restricted Common shares. The $4 million was to be invested over a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> period of one year ending June 30, 2012 and was amended on July 31, 2011 for</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> $1,400,000 to be funded on September 1, 2011, $1,000,000 no later than December</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 31, 2011 and $1,600,000 between March 31 and June 30, 2012. No funding has been</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> received as of September 30, 2011. The appropriate number of restricted Common</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> shares will be issued as each cash tranche is received by the Company. Crown</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> decided to invest in the Company directly to facilitate and expand the Company&#39;s</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> business plan and growth. As a result of Crown&#39;s committed equity investment</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> directly into the Company, the date for the Definitive Agreement (See Note 7</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> "Letter Of Intent") is deferred to a future time to be determined by the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> parties, although the Letter of Intent is still in effect. No funds have been</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> received under the Funding Agreement.</p> <!--EndFragment--></div> </div> 0 575000 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 7. LETTER OF INTENT</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On February 4, 2011, the Company signed a Letter of Intent with Crown Endeavors</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Global Limited ("CEG Fund") to form a new company Casey Container International,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> to establish seven (7) international preform plants and operations to exploit</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the Company&#39;s biodegradable preforms, bottles and containers. CEG Fund will</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> invest up to $65 million over a period of years to be determined. This is</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> subject to a Definitive Agreement being signed by March 31, 2011, unless</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> mutually extended by the parties. The parties extended the date for the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Definitive Agreement to September 30, 2011. Casey will be the Managing Partner</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> and CEG Fund will be the Investing Partner. The terms and conditions, ownership</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> and other factors will be defined in the Definitive Agreement. Further</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> extensions may be made and there&#39;s no guarantee or assurance a Definitive</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Agreement will be signed and the amounts and number of plants won&#39;t be reduced.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> The signing of a Definitive Agreement has been deferred to a future time</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> resulting from the Funding Agreement signed with an affiliated company of CEG</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Fund, Crown Hospitality Group, LLC (See Note 10 "Funding Agreement").</p> <!--EndFragment--></div> </div> -703569 -703569 -7165 -7165 -27267 -27267 -16304 -16304 -11011 -11011 -358578 -358578 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 8. NON-INTEREST BEARING LOAN</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On January 28, 2011, a Related Party loaned the Company $20,000 in a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> non-interest bearing demand note. On June 29, 2011, the Company borrowed $15,000</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> from a non-related party, evidenced by a Promissory Note. The terms of the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Promissory Note are that repayment of the $15,000 is due on the date the Company</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> receives its first receipt of funding from its investor group (See Note 10</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> "Funding Agreement"). In addition, a consulting fee of $5,000 is also due on the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> date the Company receives its first receipt of funding from its investor group.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On August 29, 2011, the non-related party exchanged the Promissory Note for</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 250,000 restricted Common shares at $0.10 per share, the closing price of the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Common shares and the Company recorded a financing fee of $10,000 and expensed</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> it in the quarter ending September 30, 2011 (See Note 4 "Stockholders&#39; Equity").</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> The above consulting fee of $5,000 was assumed by a Related Party on behalf of</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the Company and is included in the $121,435 (See Note 5 "Related Party</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Transactions").</p> <!--EndFragment--></div> </div> 20000 15000 15000 103400 18379 18274000 18274 105000 105 470000 470 70030 70500 97500 96000 1500 1500000 48750 48000 750 750000 238000 2000 2000000 240000 33800 200 200000 34000 18000000 18000 18000 105000 105 -105000 -105 -470 -470000 470 470000 18000 18000 18000000 36000 50000 49667 333 333334 6750 6700 50 50000 85545 84911 634 633667 6 6000 1994 2000 400 132 132 25000 24750 250 250000 717600 718 178682 179400 240000 240000 97500 97500 -250 -250000 250 false --12-31 Q3 2011 2011-09-30 10-Q 0001387998 60790001 Yes Smaller Reporting Company CASEY CONTAINER CORP No No 45567 57424 850916 268838 10051 10051 18621 27379 115 1664 115 1664 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 6. MEMORANDUM OF UNDERSTANDING</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On March 3, 2010, the Company signed a non-binding Memorandum of Understanding</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> ("MOU") to acquire the assets and business of a privately-owned manufacturer and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> marketer of premium, natural, healthy and sustainably packaged detergent and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> household cleaning products for an undeterminable number of the Company&#39;s Common</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> shares, subject to assumption of certain liabilities. The companies terminated</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the MOU on December 8, 2010.</p> <!--EndFragment--></div> </div> 115 3424 1664 2350 -1549 -1074 115 0.001 0.001 250000000 250000000 61040001 54998000 61040001 54998000 61040 54998 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 9. INTEREST BEARING LOAN</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On August 12 and 19, a total of $15,000 was received by the Company from a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> non-related party, in an interest bearing promissory note, at 8% per annum and a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> one-time financing fee of $9,900. The financing fee and accrued interest of $151</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> is recorded in expenses in the quarter ending September 30, 2011. The current</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> $25,051 owed at September 30, 2011, plus additional interest to the date the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> promissory note is paid, will come from the Company&#39;s first receipt of money per</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> its binding Funding Agreement (See Note 10 "Funding Agreement").</p> <!--EndFragment--></div> </div> -1123894 -420325 121435 40154 0.00 0.00 -0.01 0.00 10000 117456 25447 703569 75468 1086515 18621 27379 -11857 15654 45567 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 3. INTANGIBLES</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> The Company&#39;s accounting policy for Long-Lived Assets requires it to review on a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> regular basis for facts or circumstances that may suggest impairment.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> As of March 31, 2010, the Company recorded an asset Contract Rights for $18,379</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> (see Note 4 "Stockholders&#39; Equity"). The Product Purchase Agreement ("PPA") is</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> between the Company and Taste of Aruba (U.S.), Inc., a related party (see Note 4</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> "Stockholders&#39; Equity" and Note 5 "Related Party Transactions"). The PPA does</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> not provide a performance guaranty to purchase the Company&#39;s products. If there</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> isn&#39;t substantial performance the Company&#39;s option would be to seek damages in a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> lawsuit, but there is no guaranty damages would be awarded or that any awarded</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> damages would be collected. The Company determined the Contract Rights are</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> impaired and expensed the full amount of $18,379 in the three months ended March</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 31, 2010.</p> <!--EndFragment--></div> </div> 34000 34000 115 1664 212053 97578 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 2. GOING CONCERN</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> The Company incurred net losses of $1,123,894 for the period from September 26,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 2006 (Date of Inception) through September 30, 2011 and has commenced limited</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> operations, raising substantial doubt about the Company&#39;s ability to continue as</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> a going concern. For the nine-month period ended September 30, 2011, the Company</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> sold for cash 1,017,001 shares of Common stock for net proceeds of $142,295 (See</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Note 4 "Stockholders&#39; Equity"). The Company plans to continue to sell its</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> restricted Common shares for cash and borrow from its directors, officers and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> related parties, as well as reduce its cash expenses. The ability of the Company</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> to continue as a going concern is dependent on receiving such equity capital</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> funds for cash and the success of the Company&#39;s plan. The financial statements</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> do not include any adjustments that might be necessary if the Company is unable</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> to continue as a going concern.</p> <!--EndFragment--></div> </div> 25051 75134 2132 305166 -9000 -76683 -3206 -296051 117456 25447 703569 94089 1123894 -117456 -25447 -703569 -94089 -1123894 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company"</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> or "Casey") was incorporated in the State of Nevada on September 26, 2006. The</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Company&#39;s yearend is December 31. The Company was formed to engage in the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> acquisition, exploration and development of natural resource properties of merit</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> and from September 2008 to serve as a vehicle to acquire an operating business.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> BASIS OF PRESENTATION - In the opinion of management, the accompanying balance</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> sheets and related interim statements of operations, cash flows and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> stockholders&#39; equity include all adjustments, consisting only of normal</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> recurring items, necessary for their fair presentation in conformity with</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> accounting principles generally accepted in the United States of America ("U. S.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> GAAP"). Preparing financial statements requires management to make estimates and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> assumptions that affect the reported amounts of assets, liabilities, revenue and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> expenses. Actual results and outcomes may differ from managements&#39; estimates and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> assumptions. Interim results are not necessarily indicative of results for a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> full year. The information included in this September 30, 2011 Form 10-Q should</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> be read in conjunction with information included in the December 31, 2010 and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 2009 Form 10-K.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> was elected President, Mr. Terry Neild was elected Chief Executive Officer,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Chief Financial Officer and Secretary and Mr. Seaman was elected Vice</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> President-Operations. Effective February 7, 2011, Martin R. Nason was elected</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Chief Executive Officer, President and Chief Financial Officer. Mr. Neild</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> remains Chairman of the Board of Directors and Secretary, Mr. Casey as</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Vice-President of Technical Services and Sales and Mr. Seaman as</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Vice-President-Operations.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> THE COMPANY TODAY</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> The Company is currently a development stage company reporting under the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> provisions of Statement of Financial Accounting Standard ("FASB") No. 7,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> "Accounting and Reporting for Development Stage Enterprises."</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Effective January 12, 2010, the Company&#39;s Certificate of Incorporation was</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> changed and the name of the Company was changed to Casey Container Corp.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> ("Casey"). Casey designs and will custom manufacture biodegradable PET and other</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> polymer plastic preforms that become biodegradable PET and other polymer plastic</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> bottles and containers, for such product lines as bottled water, bottled</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> beverages and other consumer products. Casey has a non-binding supply and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> license agreement with Bio-Tec Environmental, LLC. Casey currently is considered</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> a "shell" company inasmuch as it is not in production and has no revenues,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> employees or material assets.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> USE OF ESTIMATES - The preparation of the financial statements in conformity</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> with generally accepted accounting principles requires management to make</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> estimates and assumptions that affect the reported amounts of assets and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> liabilities and disclosure of contingent assets and liabilities at the date of</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the financial statements and the reported amount of revenue and expenses during</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the reporting period. Actual results could differ from those estimates.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> accounting pronouncements and believes that none will have a material effect on</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the Company.</p> <!--EndFragment--></div> </div> -9000 0.001 0.001 10000000 10000000 142295 2132 268927 20000 20000 -117456 -25447 -703569 -94089 -1123894 -703569 -94089 -1123894 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 5. RELATED PARTY TRANSACTIONS</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> As of September 30, 2011 and December 31, 2010, respectively, $121,435 and</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> $40,154 are owed to Company officers and a related party for unpaid expenses,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> fees and loans. Terry W. Neild, Chairman of the Board of Directors and Secretary</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> made several non-interest bearing cash loans totaling $179,400 to the Company</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> during the year 2010. On December 30, 2010, Mr. Neild exchanged these</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> non-interest bearing cash loans for 717,600 Restricted Common shares, at $0.25</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> per share, the closing price of the Company&#39;s Common shares on the date of</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> conversion. Mr. Neild is also Chairman of the Board and shareholder of Taste of</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Aruba (U.S.), Inc. (See Note 3 "Intangible Assets" and Note 4 "Stockholders&#39;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Equity"). On January 28, 2011, a Related Party loaned the Company $20,000 in a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> non-interest bearing demand note. On February 7, 2011, 1,000,000 Common shares</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> were issued to Auspice Capital LLC, a related party, in connection with a verbal</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> agreement for investor relations, consulting services and assistance to the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Company in raising cash equity.</p> <!--EndFragment--></div> </div> -102161 -102161 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 4. STOCKHOLDERS&#39; EQUITY</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> At September 30, 2011 and December 31, 2010, the Company has 10,000,000</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Preferred shares authorized with a par value of $0.001 per share and 250,000,000</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Common shares authorized with a par value of $0.001 per share. At September 30,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 2011 and December 31, 2010, the Company has 61,040,001 and 55,573,000 Common</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> shares issued and issuable, respectively.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> In the fiscal year ending December 31, 2006, 18,000,000 shares of the Company&#39;s</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Common stock were issued to the directors of the Company pursuant to a stock</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> subscription agreement at $0.001 per share for total proceeds of $18,000.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> In the fiscal year ending December 31, 2007, 18,000,000 shares of the Company&#39;s</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Common stock were issued at a price of $0.002 per share for gross proceeds of</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> $36,000.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On March 24, 2010, 18,621,500 shares of the Company&#39;s Common stock were issued</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> and issuable pursuant to a Commitment Agreement ("Agreement") dated January 12,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 2010 with Taste of Aruba (U.S.), Inc. ("TOA"), a related party (See Note 5,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> "Related Party Transactions"), for a definitive Product Purchase Agreement</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> ("PPA") with TOA for the Company to provide preforms for biodegradable bottles</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> thru December 31, 2015, which did not result in proceeds to the Company (see</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Note 3 "Intangibles"). The Commitment Agreement provided for one share of the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Company&#39;s Common shares to be issued for every two shares of TOA shares</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> outstanding. The 18,379,000 shares issued to TOA shareholders was originally</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 18,621,500 shares, but two shareholders (105,000 shares) were inadvertently left</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> off the shareholder list and three shareholders (347,500 shares) originally on</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the shareholder list should not have been, a net reduction of 242,500 shares.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> The Company valued the 18,379,000 shares at $0.001 per share because it</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> determined the fair value of the shares was more reliably determinable than the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> value of the PPA, the transaction predated market activity in the Company&#39;s</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Common shares which began February 19, 2010, the number of shares issued</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> pursuant to the Agreement represented 33% of the total shares outstanding after</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the issuance and almost four times the total 2010 traded volume of the Company&#39;s</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Common shares. The issuable shares were issued on January 13, 2011.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On May 15, 2010, 6,000 shares of the Company&#39;s Common shares were issued at</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> $0.333 per share for $2,000 to a non-related party, at a discount to the closing</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> price on May 14, 2010.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On May 22, 2010, 400 shares of the Company&#39;s Common shares were issued at $0.333</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> per share for $132 to a non-related party, at a discount to the closing price on</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> May 19, 2010.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On December 14, 2010, 470,000 shares of the Company&#39;s Common shares were issued</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> at $0.15 per share for $70,500 to a non-related party, at a discount to the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> closing price on December 13, 2010. The Common shares were issued on January 13,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 2011.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On December 30, 2010, 717,600 shares of the Company&#39;s Common shares were issued</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> in exchange for non-interest bearing loans made by Mr. Terry Neild, Chairman of</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the Board and officer to the Company, at $0.25 per share, the closing price on</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> December 29, 2010 (See Note 5 "Related Party Transactions").</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On January 13, 2011, 250,000 Common shares previously issued to a consultant to</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> provide investor relations services were forfeited and cancelled for</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> non-performance.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On January 27, 2011, the Company issued 200,000 Common shares in connection with</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> a consulting agreement for investor relations services with Falcon Financial</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Partners LLC. The shares were valued at $0.17 per share, the closing price of</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> its Common shares on the OTC.BB. The $34,000 value was expense in the quarter</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> ended March 31, 2011.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On February 7, 2011, the Company issued 1,000,000 Common shares to Martin R.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Nason, as part of an employment contract as Chief Executive Officer, President</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> and Chief Financial Officer. The shares were valued at $0.12 per share, the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> closing price of its Common shares on the OTC.BB. The $120,000 value was</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> expensed in the quarter ended March 31, 2011.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On February 7, 2011, the Company issued 1,000,000 Common shares to Auspice</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Capital LLC, a related party (See Note 5 "Related Party Transactions") for a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> verbal agreement for investor relations, consulting services and assistance to</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the Company in raising cash equity. The shares were valued at $0.12 per share,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> the closing price of its Common shares on the OTC.BB. The $120,000 value was</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> expensed in the quarter ended March 31, 2011.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On February 25, 2011 the Board of Directors approved selling up to six million</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> Common shares at $0.15 per share to raise cash equity to provide working capital</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> and/or equipment to commence operations. On February 24, 2011, the closing price</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> of its Common shares on the OTC.BB was $0.23 per share. The Board considered</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> numerous factors in determining the discounted $0.15 price, including but not</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> limited to, the average number of shares traded per day over the previous</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> several months, the high, low and closing price range over the previous several</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> months, the lack of liquidity for the Common shares and the lack of credit</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> availability.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On March 4, 2011, the Company sold 633,667 Common shares for $95,050 cash at</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> $0.15 per share to four (4) non-related parties. A 10% finder&#39;s fee of $9,505</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> was paid, which was charged to Additional Paid-In Capital.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On March 31, 2011, the Company sold 50,000 Common shares for $7,500 cash at</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> $0.15 per share to a non-related party. A 10% finder&#39;s fee of $750 was paid,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> which was charged to Additional Paid-In Capital.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On April 21, 2011, the Company sold 333,334 Common shares for $50,000 cash at</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> $0.15 per share to a non-related party.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On June 17, 2011, the Company issued 750,000 shares to its Chairman for $48,750</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> at $0.065 per share (the closing price of the Common shares on June 17, 2011)</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> for reimbursement for investor relations services paid by the Chairman to</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> non-related vendors. The $48,750 was expensed in the quarter ending June 30,</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 2011.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On June 17, 2011, the Company issued 1,500,000 shares at $0.065 per share (the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> closing price of the Common shares on June 17, 2011) or $97,500, to its</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> President and Chief Executive Officer for services as compensation. The $97,500</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> was expensed in the quarter ending June 30, 2011.</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> On August 29, 2011, the Company issued 250,000 restricted Common shares in</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> exchange for a non-interest bearing cash loan of $15,000 made by a non-Related</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> party at $0.10 per share (the closing price on August 29, 2011) and recorded a</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> financing fee on conversion of $10,000, which was expensed in the quarter ending</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> September 30, 2011 (See Note 8 "Non-Interest Bearing Loan").</p> <!--EndFragment--></div> </div> 61040001 18000000 36000000 36000000 36000000 54998000 61040 18000 36000 36000 36000 54998 575000 575 850916 18000 18000 18000 268838 -1123894 -7165 -34432 -50736 -61747 -420325 -211938 10835 19568 3264 -7747 -95914 -211938 -95914 25000 25000 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <div> <div><!--StartFragment--> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> 11. SUBSEQUENT EVENTS</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> &nbsp;</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> The Company has evaluated subsequent events from September 30, 2011 through the</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> issuance date of these financial statements and has determined that there are no</p> <p style="MARGIN: 0in 0in 0pt; FONT-FAMILY: Courier New; FONT-SIZE: 10pt"> items to disclose.</p> <!--EndFragment--></div> </div> 60814458 52990845 58829118 41685533 ISO4217:USD xbrli:shares ISO4217:USD shares 0001387998 2011-07-01 2011-09-30 0001387998 us-gaap:ParentMember 2011-01-01 2011-09-30 0001387998 csey:CommonStockIssuableAmountMember 2011-01-01 2011-09-30 0001387998 csey:CommonStockIssuableSharesMember 2011-01-01 2011-09-30 0001387998 us-gaap:CapitalUnitsMember 2011-01-01 2011-09-30 0001387998 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-01-01 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Sep. 30, 2011
Dec. 31, 2010
Preferred Stock, par or stated value$ 0.001$ 0.001
Preferred Stock, shares authorized10,000,00010,000,000
Common Stock, par or stated value$ 0.001$ 0.001
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Statements of Operations (USD $)
3 Months Ended9 Months Ended60 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Total Revenues     
EXPENSES:     
Exploration expenses    10,000
Impairment of property   18,62127,379
General and administrative117,45625,447703,56975,4681,086,515
Total Expenses117,45625,447703,56994,0891,123,894
Net loss from Operations(117,456)(25,447)(703,569)(94,089)(1,123,894)
PROVISION FOR INCOME TAXES:     
Income Tax Benefit     
Net Income (Loss) for the period(117,456)(25,447)(703,569)(94,089)(1,123,894)
Basic and Diluted Earnings Per Common Share$ 0.00$ 0.00$ (0.01)$ 0.00 
Weighted Average number of Common Shares used in per share calculations60,814,45852,990,84558,829,11841,685,533 
Revenues     
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Document and Entity Information
9 Months Ended
Sep. 30, 2011
Nov. 14, 2011
Document and Entity Information  
Entity Registrant NameCASEY CONTAINER CORP 
Document Type10-Q 
Document Period End DateSep. 30, 2011
Amendment Flagfalse 
Entity Central Index Key0001387998 
Current Fiscal Year End Date--12-31 
Entity Common Stock, Shares Outstanding 60,790,001
Entity Filer CategorySmaller Reporting Company 
Entity Current Reporting StatusYes 
Entity Voluntary FilersNo 
Entity Well-known Seasoned IssuerNo 
Document Fiscal Year Focus2011 
Document Fiscal Period FocusQ3 
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XML 11 R12.htm IDEA: XBRL DOCUMENT v2.3.0.15
MEMORANDUM OF UNDERSTANDING
9 Months Ended
Sep. 30, 2011
MEMORANDUM OF UNDERSTANDING 
MEMORANDUM OF UNDERSTANDING

6. MEMORANDUM OF UNDERSTANDING

 

On March 3, 2010, the Company signed a non-binding Memorandum of Understanding

("MOU") to acquire the assets and business of a privately-owned manufacturer and

marketer of premium, natural, healthy and sustainably packaged detergent and

household cleaning products for an undeterminable number of the Company's Common

shares, subject to assumption of certain liabilities. The companies terminated

the MOU on December 8, 2010.

XML 12 R17.htm IDEA: XBRL DOCUMENT v2.3.0.15
SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2011
SUBSEQUENT EVENTS [Abstract] 
SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events from September 30, 2011 through the

issuance date of these financial statements and has determined that there are no

items to disclose.

XML 13 R8.htm IDEA: XBRL DOCUMENT v2.3.0.15
GOING CONCERN
9 Months Ended
Sep. 30, 2011
GOING CONCERN 
GOING CONCERN

2. GOING CONCERN

 

The Company incurred net losses of $1,123,894 for the period from September 26,

2006 (Date of Inception) through September 30, 2011 and has commenced limited

operations, raising substantial doubt about the Company's ability to continue as

a going concern. For the nine-month period ended September 30, 2011, the Company

sold for cash 1,017,001 shares of Common stock for net proceeds of $142,295 (See

Note 4 "Stockholders' Equity"). The Company plans to continue to sell its

restricted Common shares for cash and borrow from its directors, officers and

related parties, as well as reduce its cash expenses. The ability of the Company

to continue as a going concern is dependent on receiving such equity capital

funds for cash and the success of the Company's plan. The financial statements

do not include any adjustments that might be necessary if the Company is unable

to continue as a going concern.

XML 14 R14.htm IDEA: XBRL DOCUMENT v2.3.0.15
NON-INTEREST BEARING LOAN
9 Months Ended
Sep. 30, 2011
NON-INTEREST BEARING LOAN 
NON-INTEREST BEARING LOAN

8. NON-INTEREST BEARING LOAN

 

On January 28, 2011, a Related Party loaned the Company $20,000 in a

non-interest bearing demand note. On June 29, 2011, the Company borrowed $15,000

from a non-related party, evidenced by a Promissory Note. The terms of the

Promissory Note are that repayment of the $15,000 is due on the date the Company

receives its first receipt of funding from its investor group (See Note 10

"Funding Agreement"). In addition, a consulting fee of $5,000 is also due on the

date the Company receives its first receipt of funding from its investor group.

On August 29, 2011, the non-related party exchanged the Promissory Note for

250,000 restricted Common shares at $0.10 per share, the closing price of the

Common shares and the Company recorded a financing fee of $10,000 and expensed

it in the quarter ending September 30, 2011 (See Note 4 "Stockholders' Equity").

The above consulting fee of $5,000 was assumed by a Related Party on behalf of

the Company and is included in the $121,435 (See Note 5 "Related Party

Transactions").

XML 15 R15.htm IDEA: XBRL DOCUMENT v2.3.0.15
INTEREST BEARING LOAN
9 Months Ended
Sep. 30, 2011
INTEREST BEARING LOAN 
INTEREST BEARING LOAN

9. INTEREST BEARING LOAN

 

On August 12 and 19, a total of $15,000 was received by the Company from a

non-related party, in an interest bearing promissory note, at 8% per annum and a

one-time financing fee of $9,900. The financing fee and accrued interest of $151

is recorded in expenses in the quarter ending September 30, 2011. The current

$25,051 owed at September 30, 2011, plus additional interest to the date the

promissory note is paid, will come from the Company's first receipt of money per

its binding Funding Agreement (See Note 10 "Funding Agreement").

XML 16 R13.htm IDEA: XBRL DOCUMENT v2.3.0.15
LETTER OF INTENT
9 Months Ended
Sep. 30, 2011
LETTER OF INTENT 
LETTER OF INTENT

7. LETTER OF INTENT

 

On February 4, 2011, the Company signed a Letter of Intent with Crown Endeavors

Global Limited ("CEG Fund") to form a new company Casey Container International,

to establish seven (7) international preform plants and operations to exploit

the Company's biodegradable preforms, bottles and containers. CEG Fund will

invest up to $65 million over a period of years to be determined. This is

subject to a Definitive Agreement being signed by March 31, 2011, unless

mutually extended by the parties. The parties extended the date for the

Definitive Agreement to September 30, 2011. Casey will be the Managing Partner

and CEG Fund will be the Investing Partner. The terms and conditions, ownership

and other factors will be defined in the Definitive Agreement. Further

extensions may be made and there's no guarantee or assurance a Definitive

Agreement will be signed and the amounts and number of plants won't be reduced.

The signing of a Definitive Agreement has been deferred to a future time

resulting from the Funding Agreement signed with an affiliated company of CEG

Fund, Crown Hospitality Group, LLC (See Note 10 "Funding Agreement").

XML 17 R6.htm IDEA: XBRL DOCUMENT v2.3.0.15
Statements of Cash Flows (USD $)
9 Months Ended60 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Adjustments to reconcile net loss to net cash used in operating activities:   
Expenses incurred on our behalf by Related Parties$ 183,442$ 56,608$ 223,596
Impairment of Long Term Assets 18,62127,379
Stock issued to Related Party for Expenses incurred on our behalf  76,000
Stock issued pursuant to Agreements February 7, 2011240,000 240,000
Stock issued to Related Party for reimbursement of services to the Chairman48,750 48,750
Stock issued to Related Party for compensation to President and Chief Operating Officer97,500 97,500
Stock issued for services34,000 34,000
Stock issued for debt25,000 25,000
Finance and interest charges added to loan payable10,051 10,051
Accounts payable and accrued liabilities(11,857)15,65445,567
Net Cash Provided from Operating Activities(76,683)(3,206)(296,051)
INVESTING ACTIVITIES:   
Mineral property option payment  (9,000)
Net Cash Used in Investing Activities  (9,000)
FINANCING ACTIVITIES:   
Repayment of Related party expenses paid on our behalf(102,161) (102,161)
Non-interst bearing loan from Related Party20,000 20,000
Related Party Loan, converted to stock  103,400
Proceeds from loan payable15,000 15,000
Common stock issued for cash142,2952,132268,927
Net Cash Provided from Financing Activities75,1342,132305,166
Net Increase (Decrease) in Cash(1,549)(1,074)115
Cash, Beginning of the Period1,6643,424 
Cash, End of the Period1152,350115
SUPPLEMENTAL CASH FLOW INFORMATION:   
Cash paid for interest   
Cash paid for income taxes   
Expenses incurred on our behalf and loans from a Related Party exchanged for 717,600 of Common shares on December 31, 2010  179,400
Net Loss.$ (703,569)$ (94,089)$ (1,123,894)
XML 18 R9.htm IDEA: XBRL DOCUMENT v2.3.0.15
INTANGIBLES
9 Months Ended
Sep. 30, 2011
INTANGIBLES 
INTANGIBLES

3. INTANGIBLES

 

The Company's accounting policy for Long-Lived Assets requires it to review on a

regular basis for facts or circumstances that may suggest impairment.

 

As of March 31, 2010, the Company recorded an asset Contract Rights for $18,379

(see Note 4 "Stockholders' Equity"). The Product Purchase Agreement ("PPA") is

between the Company and Taste of Aruba (U.S.), Inc., a related party (see Note 4

"Stockholders' Equity" and Note 5 "Related Party Transactions"). The PPA does

not provide a performance guaranty to purchase the Company's products. If there

isn't substantial performance the Company's option would be to seek damages in a

lawsuit, but there is no guaranty damages would be awarded or that any awarded

damages would be collected. The Company determined the Contract Rights are

impaired and expensed the full amount of $18,379 in the three months ended March

31, 2010.

XML 19 R10.htm IDEA: XBRL DOCUMENT v2.3.0.15
STOCKHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2011
STOCKHOLDERS' EQUITY {1} 
STOCKHOLDERS' EQUITY

4. STOCKHOLDERS' EQUITY

 

At September 30, 2011 and December 31, 2010, the Company has 10,000,000

Preferred shares authorized with a par value of $0.001 per share and 250,000,000

Common shares authorized with a par value of $0.001 per share. At September 30,

2011 and December 31, 2010, the Company has 61,040,001 and 55,573,000 Common

shares issued and issuable, respectively.

 

In the fiscal year ending December 31, 2006, 18,000,000 shares of the Company's

Common stock were issued to the directors of the Company pursuant to a stock

subscription agreement at $0.001 per share for total proceeds of $18,000.

 

In the fiscal year ending December 31, 2007, 18,000,000 shares of the Company's

Common stock were issued at a price of $0.002 per share for gross proceeds of

$36,000.

 

On March 24, 2010, 18,621,500 shares of the Company's Common stock were issued

and issuable pursuant to a Commitment Agreement ("Agreement") dated January 12,

2010 with Taste of Aruba (U.S.), Inc. ("TOA"), a related party (See Note 5,

"Related Party Transactions"), for a definitive Product Purchase Agreement

("PPA") with TOA for the Company to provide preforms for biodegradable bottles

thru December 31, 2015, which did not result in proceeds to the Company (see

Note 3 "Intangibles"). The Commitment Agreement provided for one share of the

Company's Common shares to be issued for every two shares of TOA shares

outstanding. The 18,379,000 shares issued to TOA shareholders was originally

18,621,500 shares, but two shareholders (105,000 shares) were inadvertently left

off the shareholder list and three shareholders (347,500 shares) originally on

the shareholder list should not have been, a net reduction of 242,500 shares.

The Company valued the 18,379,000 shares at $0.001 per share because it

determined the fair value of the shares was more reliably determinable than the

value of the PPA, the transaction predated market activity in the Company's

Common shares which began February 19, 2010, the number of shares issued

pursuant to the Agreement represented 33% of the total shares outstanding after

the issuance and almost four times the total 2010 traded volume of the Company's

Common shares. The issuable shares were issued on January 13, 2011.

 

On May 15, 2010, 6,000 shares of the Company's Common shares were issued at

$0.333 per share for $2,000 to a non-related party, at a discount to the closing

price on May 14, 2010.

 

On May 22, 2010, 400 shares of the Company's Common shares were issued at $0.333

per share for $132 to a non-related party, at a discount to the closing price on

May 19, 2010.

 

On December 14, 2010, 470,000 shares of the Company's Common shares were issued

at $0.15 per share for $70,500 to a non-related party, at a discount to the

closing price on December 13, 2010. The Common shares were issued on January 13,

2011.

 

On December 30, 2010, 717,600 shares of the Company's Common shares were issued

in exchange for non-interest bearing loans made by Mr. Terry Neild, Chairman of

the Board and officer to the Company, at $0.25 per share, the closing price on

December 29, 2010 (See Note 5 "Related Party Transactions").

 

On January 13, 2011, 250,000 Common shares previously issued to a consultant to

provide investor relations services were forfeited and cancelled for

non-performance.

 

On January 27, 2011, the Company issued 200,000 Common shares in connection with

a consulting agreement for investor relations services with Falcon Financial

Partners LLC. The shares were valued at $0.17 per share, the closing price of

its Common shares on the OTC.BB. The $34,000 value was expense in the quarter

ended March 31, 2011.

 

On February 7, 2011, the Company issued 1,000,000 Common shares to Martin R.

Nason, as part of an employment contract as Chief Executive Officer, President

and Chief Financial Officer. The shares were valued at $0.12 per share, the

closing price of its Common shares on the OTC.BB. The $120,000 value was

expensed in the quarter ended March 31, 2011.

 

On February 7, 2011, the Company issued 1,000,000 Common shares to Auspice

Capital LLC, a related party (See Note 5 "Related Party Transactions") for a

verbal agreement for investor relations, consulting services and assistance to

the Company in raising cash equity. The shares were valued at $0.12 per share,

the closing price of its Common shares on the OTC.BB. The $120,000 value was

expensed in the quarter ended March 31, 2011.

 

On February 25, 2011 the Board of Directors approved selling up to six million

Common shares at $0.15 per share to raise cash equity to provide working capital

and/or equipment to commence operations. On February 24, 2011, the closing price

of its Common shares on the OTC.BB was $0.23 per share. The Board considered

numerous factors in determining the discounted $0.15 price, including but not

limited to, the average number of shares traded per day over the previous

several months, the high, low and closing price range over the previous several

months, the lack of liquidity for the Common shares and the lack of credit

availability.

 

On March 4, 2011, the Company sold 633,667 Common shares for $95,050 cash at

$0.15 per share to four (4) non-related parties. A 10% finder's fee of $9,505

was paid, which was charged to Additional Paid-In Capital.

 

On March 31, 2011, the Company sold 50,000 Common shares for $7,500 cash at

$0.15 per share to a non-related party. A 10% finder's fee of $750 was paid,

which was charged to Additional Paid-In Capital.

 

On April 21, 2011, the Company sold 333,334 Common shares for $50,000 cash at

$0.15 per share to a non-related party.

 

On June 17, 2011, the Company issued 750,000 shares to its Chairman for $48,750

at $0.065 per share (the closing price of the Common shares on June 17, 2011)

for reimbursement for investor relations services paid by the Chairman to

non-related vendors. The $48,750 was expensed in the quarter ending June 30,

2011.

 

On June 17, 2011, the Company issued 1,500,000 shares at $0.065 per share (the

closing price of the Common shares on June 17, 2011) or $97,500, to its

President and Chief Executive Officer for services as compensation. The $97,500

was expensed in the quarter ending June 30, 2011.

 

On August 29, 2011, the Company issued 250,000 restricted Common shares in

exchange for a non-interest bearing cash loan of $15,000 made by a non-Related

party at $0.10 per share (the closing price on August 29, 2011) and recorded a

financing fee on conversion of $10,000, which was expensed in the quarter ending

September 30, 2011 (See Note 8 "Non-Interest Bearing Loan").

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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2011
RELATED PARTY TRANSACTIONS 
RELATED PARTY TRANSACTIONS

5. RELATED PARTY TRANSACTIONS

 

As of September 30, 2011 and December 31, 2010, respectively, $121,435 and

$40,154 are owed to Company officers and a related party for unpaid expenses,

fees and loans. Terry W. Neild, Chairman of the Board of Directors and Secretary

made several non-interest bearing cash loans totaling $179,400 to the Company

during the year 2010. On December 30, 2010, Mr. Neild exchanged these

non-interest bearing cash loans for 717,600 Restricted Common shares, at $0.25

per share, the closing price of the Company's Common shares on the date of

conversion. Mr. Neild is also Chairman of the Board and shareholder of Taste of

Aruba (U.S.), Inc. (See Note 3 "Intangible Assets" and Note 4 "Stockholders'

Equity"). On January 28, 2011, a Related Party loaned the Company $20,000 in a

non-interest bearing demand note. On February 7, 2011, 1,000,000 Common shares

were issued to Auspice Capital LLC, a related party, in connection with a verbal

agreement for investor relations, consulting services and assistance to the

Company in raising cash equity.

XML 23 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Statements of Stockholders' Equity (Deficit) (USD $)
Common Stock Shares
Common Stock Amount
Common Stock Issuable Shares
Common Stock Issuable Amount
Additional Paid-In Capital
Deficit Accumulated During Development Stage
Stockholders Equity
Balance at Sep. 26, 2006       
Stock Issued for cash at $0.001 per share on December 1, 200618,000,00018,000    18,000
Net Loss for the Period from inception on September 26, 2006 to December 31, 2006     $ (7,165)$ (7,165)
Balance at Dec. 31, 200618,000,00018,000   (7,165)10,835
Stock Issued for cash at $0.002 per share on April 12, 200718,000,00018,000  18,000 36,000
Net Loss for the Year ended December 31, 2007     (27,267)(27,267)
Balance at Dec. 31, 200736,000,00036,000  18,000(34,432)19,568
Net Loss for the Year ended December 31, 2008     (16,304)(16,304)
Balance at Dec. 31, 200836,000,00036,000  18,000(50,736)3,264
Net Loss for the Year ended December 31, 2009     (11,011)(11,011)
Balance at Dec. 31, 200936,000,00036,000  18,000(61,747)(7,747)
Shares issued and issuable at 0.001 per share pursuant to an agreement on March 24, 201018,274,00018,274105,000105  18,379
Stock issued for cash at 0.333 per share on May 15, 20106,0006  1,994 2,000
Stock issued for cash at 0.333 per share on May 22, 2010400   132 132
Stock issuable for cash at 0.15 on December 14, 2010  470,00047070,030 70,500
Stock issued for debt at 0.25 per share to a Related Party on December 30, 2010717,600718  178,682 179,400
Net Loss for the Year ended December 31, 2010     (358,578)(358,578)
Balance at Dec. 31, 201054,998,00054,998575,000575268,838(420,325)(95,914)
Stock issued for cash at $0.001 per share on January 13, 2011105,000105(105,000)(105)   
Stock issued for cash at $0.001 per share on January 13, 2011470,000470(470,000)(470)   
To record forfeiture of stock at $0.001 per share(250,000)(250)  250  
Stock issued at $0.17 per share pursuant to an agreement on January 27, 2011200,000200  33,800 34,000
Stock issued at $0.12 per share pursuant to agreements February 7, 20112,000,0002,000  238,000 240,000
Stock issued for cash at $0.15 per share on March 4, 2011, less 10% cost of issue633,667634  84,911 85,545
Stock issued for cash at $0.15 per share on March 31, 2011, less 10% cost of issue50,00050  6,700 6,750
Stock issued for cash at $0.15 per share on April 21, 2011333,334333  49,667 50,000
Stock issued at $0.065 per share for reimbursement of services to the Chairman on June 17, 2011750,000750  48,000 48,750
Stock issued at $0.065 per share for compensation to President and Chief Executive Officer on June 17, 20111,500,0001,500  96,000 97,500
Stock issued for debt at $0.10 per share on August 29, 2011250,000250  24,750 25,000
Net Loss for the Period ending September 30, 2011     $ (703,569)$ (703,569)
Balance at Sep. 30, 201161,040,00161,040  850,916(1,123,894)(211,938)
XML 24 R7.htm IDEA: XBRL DOCUMENT v2.3.0.15
DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING
9 Months Ended
Sep. 30, 2011
GOING CONCERN 
DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

DESCRIPTION OF BUSINESS AND HISTORY - Casey Container Corp. (formerly Sawadee

Ventures Inc.), a Nevada corporation, (hereinafter referred to as the "Company"

or "Casey") was incorporated in the State of Nevada on September 26, 2006. The

Company's yearend is December 31. The Company was formed to engage in the

acquisition, exploration and development of natural resource properties of merit

and from September 2008 to serve as a vehicle to acquire an operating business.

 

BASIS OF PRESENTATION - In the opinion of management, the accompanying balance

sheets and related interim statements of operations, cash flows and

stockholders' equity include all adjustments, consisting only of normal

recurring items, necessary for their fair presentation in conformity with

accounting principles generally accepted in the United States of America ("U. S.

GAAP"). Preparing financial statements requires management to make estimates and

assumptions that affect the reported amounts of assets, liabilities, revenue and

expenses. Actual results and outcomes may differ from managements' estimates and

assumptions. Interim results are not necessarily indicative of results for a

full year. The information included in this September 30, 2011 Form 10-Q should

be read in conjunction with information included in the December 31, 2010 and

2009 Form 10-K.

 

Effective January 6, 2010 Ms. Rachna Khanna tendered her resignation as the

President, CEO, CFO and Director. Effective January 12, 2010, James Casey, Terry

Neild and Robert Seaman were appointed as Directors of the Company. Mr. Casey

was elected President, Mr. Terry Neild was elected Chief Executive Officer,

Chief Financial Officer and Secretary and Mr. Seaman was elected Vice

President-Operations. Effective February 7, 2011, Martin R. Nason was elected

Chief Executive Officer, President and Chief Financial Officer. Mr. Neild

remains Chairman of the Board of Directors and Secretary, Mr. Casey as

Vice-President of Technical Services and Sales and Mr. Seaman as

Vice-President-Operations.

 

THE COMPANY TODAY

The Company is currently a development stage company reporting under the

provisions of Statement of Financial Accounting Standard ("FASB") No. 7,

"Accounting and Reporting for Development Stage Enterprises."

 

Effective January 12, 2010, the Company's Certificate of Incorporation was

changed and the name of the Company was changed to Casey Container Corp.

("Casey"). Casey designs and will custom manufacture biodegradable PET and other

polymer plastic preforms that become biodegradable PET and other polymer plastic

bottles and containers, for such product lines as bottled water, bottled

beverages and other consumer products. Casey has a non-binding supply and

license agreement with Bio-Tec Environmental, LLC. Casey currently is considered

a "shell" company inasmuch as it is not in production and has no revenues,

employees or material assets.

 

USE OF ESTIMATES - The preparation of the financial statements in conformity

with generally accepted accounting principles requires management to make

estimates and assumptions that affect the reported amounts of assets and

liabilities and disclosure of contingent assets and liabilities at the date of

the financial statements and the reported amount of revenue and expenses during

the reporting period. Actual results could differ from those estimates.

 

RECENT ACCOUNTING PRONOUNCEMENTS - The Company has evaluated all recent

accounting pronouncements and believes that none will have a material effect on

the Company.

XML 25 R16.htm IDEA: XBRL DOCUMENT v2.3.0.15
FUNDING AGREEMENT
9 Months Ended
Sep. 30, 2011
FUNDING AGREEMENT 
FUNDING AGREEMENT

10. FUNDING AGREEMENT

 

Effective July 1, 2011, the Company and Crown Hospitality Group, LLC ("Crown"),

an affiliated company of Crown Endeavors Global Limited ("CEG Fund"), signed a

binding Funding Agreement to invest $4 million as equity capital in exchange for

60,790,001 restricted Common shares. The $4 million was to be invested over a

period of one year ending June 30, 2012 and was amended on July 31, 2011 for

$1,400,000 to be funded on September 1, 2011, $1,000,000 no later than December

31, 2011 and $1,600,000 between March 31 and June 30, 2012. No funding has been

received as of September 30, 2011. The appropriate number of restricted Common

shares will be issued as each cash tranche is received by the Company. Crown

decided to invest in the Company directly to facilitate and expand the Company's

business plan and growth. As a result of Crown's committed equity investment

directly into the Company, the date for the Definitive Agreement (See Note 7

"Letter Of Intent") is deferred to a future time to be determined by the

parties, although the Letter of Intent is still in effect. No funds have been

received under the Funding Agreement.

XML 26 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS  
Cash$ 115$ 1,664
Total Current Assets1151,664
Total Assets1151,664
CURRENT LIABILITIES  
Accounts Payable and Accrued Liabilities45,56757,424
Non-interest Bearing Loan From Related Party20,000 
Interest Bearing Loan25,051 
Due to Related Parties121,43540,154
Total Current Liabilities212,05397,578
STOCKHOLDERS' EQUITY  
Common Stock 250,000,000 authorized shares, par value $0.001 250,000,000 authorized shares, par value $0.001 61,040 54,998 61,040,001 shares and 54,998,000 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively61,04054,998
Preferred Stock 10,000,000 authorized, par value $0.001, none issued and outstanding  
Common Stock issuable none and 575,000 shares at September 30, 2011 and December 31, 2010, respectively 575
Additional Paid-in-Capital850,916268,838
Deficit accumulated during development stage(1,123,894)(420,325)
Total Stockholders' Equity(211,938)(95,914)
Total Liabilities and Stockholders' Equity$ 115$ 1,664
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