-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VEpbMmsdazBgq0wiXXnFkIEXMXIcUqdz1jAakrDU0clJcnzs8+9lZCztQGaiEt5o r8ibGCP7Nff8QIpVTZS0gA== 0000865549-98-000009.txt : 19981116 0000865549-98-000009.hdr.sgml : 19981116 ACCESSION NUMBER: 0000865549-98-000009 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980930 FILED AS OF DATE: 19981113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLAS FUTURES FUND LIMITED PARTNERSHIP CENTRAL INDEX KEY: 0000865549 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 510380494 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 333-53111 FILM NUMBER: 98746745 BUSINESS ADDRESS: STREET 1: 5916 N 300 WEST CITY: FREEMONT STATE: IN ZIP: 46737 MAIL ADDRESS: STREET 1: 5916 N 300 WEST CITY: FREEMONT STATE: IN ZIP: 46737 10-Q 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 -------------- FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1998 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission file number ____333-61217______ Atlas Futures Fund, Limited Partnership --------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 51-0380494 - ------- ---------- (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 5916 N. 300 West, Fremont, IN 46737 - ---------------------------------------- ----- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code (219) 833-1505 - ------------------------------------------------------------------------ Former Name, Address and Fiscal Year, if Changed, Since Last Report No such changes occurred Indicate by check [X] whether the registrant (1)has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 past 90 days. Yes [X] No [ ] Part 1 - FINANCIAL INFORMATION Item 1. Financial Statements. The unaudited financial statements for the Registrant for the third quarter ended September 30, 1998 are attached hereto and made a part hereof. Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. The Registrant has filed for public registration on Form S-1 of 7,000 Units of Limited Partnership Interests (the "Units"). The Partnership intends to assign the proceeds from the sale of Units to professional managers ("Commodity Trading Advisors" as that term is defined by the Commodity Exchange Act) to engage in the business of trading commodities. No sales of Units have been made. All expenses have been paid from (i) the proceeds of subscription to Units by the General Partner and its principal and the sole limited partner, and (ii) the advance of expenses by the General Partner. The General Partner will be reimbursed for the expenses advanced. Sales of Units will commence at the price of $1,000 per Unit upon the effective date of its Registration Statement. The price was determined by the General Partner and has no relationship to the market value of the Units. All proceeds from the sale of Units will be deposited into escrow and no operations will commence until the face amount of $700,000 in Units is sold. After break of escrow and the commencement of operations, Units will continue to be sold at the month end market value after the addition of profits and deduction of losses and expenses, until a total of $7,000,000 in Units are sold or the offering terminates. For complete details, see the Registration Statement on file with the Securities and Exchange Commission. Part II - OTHER INFORMATION Item 1. Legal Proceedings None Item 2. Changes in Securities None Item 3. Defaults Upon Senior Securities None Item 4. Submission of Matters to a Vote of Security Holders None Item 5. Other Information The Partnership tax return is in progress and is expected to be filed within the time permitted by the current extension. 1 Item 6. Exhibits and Reports on Form 8-K (a) None (b) No reports on Form 8-K SIGNATURES Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 10-Q for the period ended September 30, 1998, to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant: Atlas Futures Fund, Limited Partnership By Ashley Capital Management, Incorporated Its General Partner By: /s/ Shira Del Pacult Ms. Shira Del Pacult Sole Director, Sole Shareholder, President and Treasurer Date: November 11, 1998 2 Atlas Futures Fund, Ltd. Partnership (A Delaware Limited Partnership) Balance Sheet as of September 30, 1998 ASSETS 9/30/98 CURRENT ASSETS: CASH $ 1,359.34 ORGANIZATIONAL COSTS $ 52,000.00 TOTAL ASSETS $ 53,359.34 LIABILITIES AND CAPITAL CURRENT LIABILITIES: DUE TO ASHLEY CAPITAL MANAGEMENT, INC. $ 52,000.00 TOTAL CURRENT LIABILITIES $ 52,000.00 CAPITAL GENERAL PARTNER CAPITAL $ 1,000.00 LIMITED PARTNER CAPITAL $ 1,000.00 NET INCOME (LOSS) ($ 640.66) TOTAL CAPITAL $ 1,359.34 TOTAL LIABILITIES AND CAPITAL $ 53,359.34 F-1 Atlas Futures Fund, Ltd. Partnership (A Delaware Limited Partnership) Income Statement as of September 30, 1998 9/30/98 INCOME NONE EXPENSES SHIPPING $ 249.75 BANK FEES $ 102.91 LEGAL $ 288.00 TOTAL EXPENSES $ 640.66 NET INCOME (LOSS) ($ 640.66) F-2 ASHLEY CAPITAL MANAGEMENT, INC. Balance Sheet AS OF SEPTEMBER 30, 1998 September 1998 Total YTD Actual YTD Actual ASSETS Current Assets CASH-STAR FINANCIAL BANK 3,931.50 DUE FROM ATLAS FUTURES FUND 52,000.00 G.P. INTEREST IN ATLAS FUTURES 1,000.00 ----------- Total Current Assets $ 56,931.50 Fixed Assets ----------- Total Fixed Assets $ 0.00 Other Assets ----------- Total Other Assets $ 0.00 ----------- Total Assets $ 56,931.50 =========== LIABILITIES AND CAPITAL Current Liabilities ACCTS PAYABLE (ORGANIZ. COSTS) $ 52,000.00 ----------- Total Current Liabilities $ 52,000.00 Total Liabilities $ 52,000.00 Capital COMMON STOCK $ 1,000.00 SHAREHOLDERS SUBORDINATED LOAN 4,000.00 Net Income (Loss) (68.50) ----------- Total Capital $ 4,931.50 ----------- Total Liabilities and Capital $ 56,931.50 =========== F-3 ASHLEY CAPITAL MANAGEMENT, INC. Income Statement AS OF SEPTEMBER 30, 1998 September 1998 September 1998 PTD Actual YTD Actual Sales ------------ ------------ Total Sales $ .00 $ .00 Operating Expenses BANK CHARGES 18.41 68.50 - ------------ ------------ Total Operating Expenses $ 18.41 $ 68.50 ------------ ------------ Net Income (Loss) $ (18.41) $ (68.50) F-4 EX-27 2
5 3-MOS DEC-31-1998 SEP-30-1998 1,359 0 0 0 0 53,359 0 0 53,359 52,000 0 0 0 0 0 53,359 0 0 0 641 0 0 0 0 0 0 0 0 0 (641) 0 0
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