-----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, WZD1WMxcSnD6U5IIvOtHVNKwAo8wf5ifaMuz8KE8H0iSErFQLRwQjCjkQzpfzGoG oii3B6n9BWZb1yOovX7o+w== 0000865549-99-000006.txt : 19990517 0000865549-99-000006.hdr.sgml : 19990517 ACCESSION NUMBER: 0000865549-99-000006 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990331 FILED AS OF DATE: 19990514 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: 99623736 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 March 31, 1999 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 first quarter ended March 31, 1999 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, 7 U.S.C. S1, et seq.) 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, who is also the sole limited partner, and (ii) the advance of expenses by the General Partner and its Affiliates. 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 current or projected 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, including reserves for contingent claims, 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 March 31, 1999, 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: May 14, 1999 2 Atlas Futures Fund, Ltd. Partnership (A Delaware Limited Partnership) Statement of Financial Condition as of March 31, 1999 ASSETS 3/31/99 Cash in Checking - Star Financial Bank 2,000.00 Equity in Commodity Futures Trading Accounts - Cash 0 Federal Securities at Cost (Plus: Accrued Interest) 0 Unrealized Gain (Loss) on Open Futures and Option Contracts 0 --------- Total Assets $2,000.00 ========= LIABILITIES AND PARTNERS' EQUITY Liabilities: Management Fees Payable to CTAs 0 Incentive Fees Payable to GP 0 Management Fees Payable to GP 0 Reporting Costs Payable 0 Audit Fees Accrued 0 Commissions Payable to IB 0 Partner Redemptions Payable 0 Total Liabilities 0 Partners' Capital: General Partner 1.00 Units at Per Unit of 1,000 1,000 Limited Partners 1.00 Units at Per Unit of 1,000 1,000 Total Partners' Capital 2,000 --------- Total Liabilities and Partners' Capital $2,000 ========= F-2 Atlas Futures Fund, Ltd. Partnership (A Delaware Limited Partnership) Statement of Operations For the Period Ended March 31, 1999 Current Year to Month Date Income: Interest Paid By Brokers 0.00 0.00 Realized Gain Federal Securities 0.00 0.00 Realized Gain (Loss) from Futures Trading 0.00 0.00 Change in Open Trade Equity Futures Positions 0.00 0.00 Realized Gain (Loss) from Options Trading 0.00 0.00 Change in Unrealized Gain (Loss) Option Positions 0.00 0.00 Gain (Loss) Due to Currency Conversions FX 0.00 0.00 Redemption Penalty Income 0.00 0.00 --------------------- Total Income from Operations 0.00 0.00 Expenses: Org. & Syndication Costs Expensed 0.00 0.00 Brokerage Commissions Paid 0.00 0.00 CTA Management Fees 0.00 0.00 GP Incentive Fees 0.00 0.00 GP Management Fees 0.00 0.00 Operating & Administrative Expenses 0.00 0.00 Reporting Costs 0.00 0.00 Audit Fees 0.00 0.00 Legal Fees 0.00 0.00 --------------------- Total Expenses from Operations Net Income from Operations 0.00 0.00 ===================== End of Period Net Asset Value Per Unit 1,000.00 1,000.00 % Increase (Decrease) in N.A.V. Per Unit 0.00% 0.00% To the best of the knowledge and belief of the undersigned, the information contained in this account statement is accurate and complete as of the dates indicated. /s/ Shira Del Pacult Ms. Shira Del Pacult, President Ashley Capital Management, Inc. General Partner F-2 EX-27 2
5 3-MOS DEC-31-1999 MAR-31-1999 2,000 0 0 0 0 2,000 0 0 2,000 0 0 0 0 0 0 2,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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