FORMCAP CORP.



FORM 10-Q
(Quarterly Report)




Filed November 23, 2009 for the Period Ending 09/30/09



	Address		50 WEST LIBERTY STREET
			SUITE 880
			RENO, NV 89501

	Telephone	775-322-0626
	CIK		0001102709
	Symbol		FRMC
	SIC Code	7372 - Prepackaged Software
	Fiscal Year	12/31


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

(X)  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2009

OR

(   )  TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934 For the transition period from _______ to ________

Commission File Number : 0 - 28847

FORMCAP CORP.
( Exact name of registrant as specified in its charter )

    Nevada                                  1006772219
----------------------------------  -------------------------
( State or other jurisdiction of    ( I.R.S. Empl. Ident. No. )
  incorporation or organization )

50 West Liberty Street, Suite 880, Reno, NV 89501
 ------------------------------------------------
( Address of principal executive offices ) ( Zip Code )

 775-322-0626
----------------------------------
( Issuer's telephone number )


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
past 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 ( 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  (    )    No  (    )

Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer, or a small
reporting company. See definitions of "large accelerated filer,"
"accelerated filer," and "small reporting company" in Rule 12B-2 of
the Exchange Act. (Check one) :


 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

     APPLICABLE ONLY TO CORPORATE ISSUERS

The number of shares outstanding the issuer's common stock, $0.001 par
value, was 43,798,607 as of September 30, 2009.








































      FORMCAP CORP.
FORM 10-Q
For the Period Ended September 30, 2009
TABLE OF CONTENTS

PART I	FINANCIAL INFORMATION 					Pages

Item 1.	Financial Statements  ..........			1 - 12

Item 2.	Management's Discussion and Analysis of
        Financial Condition  And Results of Operations...	13 - 16

Item 3.	Quantitative and Qualitative Disclosures
        About  Market Risk.... 					16

Item 4T.Controls and Procedures.............			17

PART II

Item 1.	Legal Proceedings................			17

Item 1A.Risk Factors................				18

Item 2.	Unregistered Sales of Equity Securities and
        Use of Proceeds..					18 - 19

Item 3.	Defaults Upon Senior Securities......... 		19

Item 4.	Submission of Matters to a Vote of Security Holders... 	19

Item 5.	Other Information.............				19

Item 6.	Exhibits and Certifications...........			20 - 26










Part 1. Item 1.  Financial Statements

 FORMCAP CORP.
 								     Page No.

Balance Sheets as at September 30, 2009  and December 31, 2008		1

Statements of Operations
For the three months and nine months ended
September 30, 2009 and 2008	 and for the period April 10, 1991
(Inception) to September 30, 2009					2

Statements of Cash Flows
For the nine months ended September 30, 2009 and 2008 and
for the period from April 10, 1991 (Inception)
to September 30, 2009							3 - 4

Notes to Financial Statements						5 - 12












FORMCAP CORP.
(Formerly : Gravitas International, Inc.)
(A Development Stage Company)
FINANCIAL STATEMENTS
September 30, 2009
(Stated in US Dollars)







FORMCAP CORP
(FORMERLY : GRAVITAS INTERNATIONAL, INC.)
(a development stage company)
Balance Sheets As At September 30, 2009 and December 31, 2008
(U.S. Dollars )

						Unaudited 	Audited
						 Sept. 30,	Dec 31,
						   2009           2008

Assets
  Current Assets
   Cash  				$            67            331
   Prepaid Consulting Services (Note 6)         100,000            -
					      ------------------------
Total Current Assets				100,067		   331
  Non Current Assets
   Prepaid Consulting Services (Note 6)          75,000            -
					      ------------------------
Total Assets  				$       175,067            331
					      ------------------------

Liabilities
  Current Liabilities
   Accounts payable and accrued liabilities       7,155         12,300
   Related party accounts  (Note 4)     $       853,914        741,253
   Royalty and license fees
   payable          (Note 5)                    135,000        135,000
Loan Payable        				 60,059            -
					      ------------------------
Total Liabilities  			$     1,056,128        888,553
					      ------------------------

Stockholders' Equity (Deficit)
   Preferred stock, $0.001 par value
   Authorized 50,000,000 shares,none issued         -              -
   Common stock, $0.001 par value
      Authorized 200,000,000 shares
     43,798,607 shares issued and
     outstanding at Sept. 30, 2009
     and 160,998,607 shares issued
     and outstanding at
     December 31, 2008			$        43,799        160,999
   Subscription notes receivable                (25,000)      (150,000)
   Additional paid-in capital                 6,651,353      6,329,153
   Accumulated deficit                       (7,551,213)    (7,228,374)
					      ------------------------
Total Stockholders' Equity (Deficit)    $      (881,061)      (888,222)
					      ------------------------
Total Liabilities and Stockholders'
 (Deficit)				$       175,067            331
					      ------------------------



The accompanying notes are an integral part of the financial statements.




			1



FORMCAP CORP
(FORMERLY : GRAVITAS INTERNATIONAL, INC.)
(a development stage company)
Statements Of Operations for the three months and nine months ended
September 30, 2009 and 2008 and for the period April 10, 1991 (Inception)
to September 30, 2009
(U.S. Dollars )
(Unaudited)

								   Inception
       			      For the 3 months  For the 9 months April 10, 1991
         			ended Sept. 30,   ended Sept 30,  to Sept. 30,
 			       2009     2008      2009     2008        2009

Revenue                          -        -         -        -        321,889
Cost of sale                     -        -         -        -        352,683
			      -----------------------------------------------
Gross profit                     -        -         -        -        (30,794)
			      -----------------------------------------------
Expenses
 General and
 administrative           $    9,608      202    10,092      313    4,519,535
 Consulting fees             130,000   15,000   180,000   45,000      255,000
 Transfer agent fees           3,172      500     5,033    2,134       12,726
 Filing fees                   2,524      683     2,563    1,663        9,956
 Exchange gain/loss               95       69        68       32          729
 Legal fees                    2,583      -       2,583      -         10,666
 Accounting fees               6,000    6,000    18,000   18,000       48,000
 Audit fees                    1,500    1,500     4,500    4,500       18,000
 Research and development        -        -         -        -        213,374
 Write off of notes receivable   -        -         -        -        201,152
 Write off of acquisition
 deposit                     100,000      -     100,000      -        512,672
 Loss on sale of notes
 receivable                      -        -         -        -        109,118
 Write off of prepaid licenses   -        -         -        -        103,753
 Inventory write off             -        -         -        -         15,226
 Depreciation and amortization   -        -         -        -        153,432
 Royalty and licenses fee        -        -         -        -        349,632
			     ------------------------------------------------
Total operating expenses  $  255,482   23,954   322,839   71,642    6,532,971
			     ------------------------------------------------
Operating loss             (255,482)  (23,954) (322,839) (71,642)) (6,563,765)
Other Income (Expenses)
 Gain on settlement of debt     -         -         -        -         65,945
 Non cash financing expense     -         -         -        -       (222,697)
 Write off capital assets       -         -         -        -        (95,105)
 Write off proprietary
 technology                     -         -         -        -       (109,180)
 Other                          -         -         -        -       (246,749)
 Interest                       -         -         -        -       (379,662)
			     ------------------------------------------------
Total other income (expenses)   -         -         -        -       (987,448)
			     ------------------------------------------------
Net loss for the year     $(255,482)  (23,954) (322,839) (71,642)  (7,551,213)
			     ------------------------------------------------

Net loss per Common Share
 - Basic and Diluted          (0.01)    (0.00)    (0.00)   (0.00)

Weighted average number
of shares outstanding    44,250,781 160,998,607 69,046,226 160,770,505



The accompanying notes are an integral part of the financial statements.



			2




FORMCAP CORP
(FORMERLY : GRAVITAS INTERNATIONAL, INC.)
(a development stage company)
Statements Of Cash Flows for the nine months ended September 30, 2009 and 2008
and for the period April 10, 1991 (Inception) to September 30, 2009
(U.S. Dollars )
(Unaudited)

								   Inception
        				 For the nine months    April 10, 1991
					    ended Sept. 30,      to Sept. 30,
					   2009       2008           2009
Cash Flows (Used In) Provided By :
Operating Activities
 Net Loss 			     $  (322,839)   (71,642)      (7,551,213)
 Adjustments to reconcile net
 loss to net cash used
 in operating activities
  Amortization                               -          -            277,322
  Interest expense in connection
  with induced conversion                    -          -            262,032
  Accrued interest converted to equity       -          -             16,348
  Amortization of deferred finance charges   -          -              1,364
  Gain / loss in exchange                    -          -           (120,814)
  Write off on notes receivable              -          -            201,152
  Gain on settlement of license payable      -          -            (65,000)
  Write off acquisition deposits         100,000       -             512,672
  Impairment write off                       -          -            281,938
  Loss on sale of notes receivable           -          -            109,118
  Write off of prepaid licenses              -          -            103,753
  Write off of inventory                     -          -             66,200
  Stock options issued for services          -          -            509,977
Changes in assets and liabilities
  Accounts receivable                        -          -              3,203
  Inventories                                -          -            (66,200)
  Prepaid expenses and other
  current assets                        (175,000)     2,700         (284,531)
  Prepaid royalties                          -          -            (99,980)
  Accounts payable and accrued
  liabilities                            (10,023)    (3,786)        (110,607)
  Royalty and license fees                   -          -            196,765
  Related party payables                 117,539     65,405          608,730
					------------------------------------
Net cash used in operating activities   (290,323)    (7,323)      (5,147,771)
					------------------------------------
Investing Activities
  Acquisition deposits			(100,000)	           (331,000)
  Principal payments on notes receivable		             44,117
  Notes receivable advances				           (701,152)
  Proceeds from sale of notes receivable                            350,000
  Loan payable                            60,059                     60,059
  Loan from shareholders                                            600,000
  Principal payments on loan
  from shareholders					           (600,000)
  Purchase of capital assets                                       (104,880)
  Capitalized software expenditures                                (135,181)
					-----------------------------------
Net cash used in investing activities    (39,941)        -       (1,018,037)
					-----------------------------------
Financing Activities
 Advances from related parties				            569,529
 Stock issued for debt settlement                        -        1,458,304
 Proceeds from long-term obligations			            361,800
 Proceeds from sale of preferred stock                                3,000
 Promissory for issuance of stock        125,000         -          (25,000)
 Proceeds from sale of common
 stock and stock options                 205,000       5,000      3,798,242
					-----------------------------------
Net cash provided by financing
activities 			         330,000       5,000      6,165,875
					-----------------------------------

Increase/(Decrease) in Cash                 (264)     (2,323)            67
Cash, beginning                              331       2,748            -
					-----------------------------------
Cash, ending                          $       67         425             67
					-----------------------------------

The accompanying notes are an integral part of the financial statements.


			4




FORMCAP CORP.
(FORMERLY : GRAVITAS INTERNATIONAL, INC.)
(a development stage company)
Notes To The Financial Statements
September 30, 2009
(U.S. Dollars )
(Unaudited)


Note 1. General Organization And Business

FormCap Corp. (the "Company" or "FormCap") was
incorporated in the State of Florida on April 10, 1991,
under the name of Aarden-Bryn Enterprises, Inc. The
Company become a foreign registrant in the State of Nevada
on December 24, 1998, and became qualified to transact
business in the State of Nevada.

Since its incorporation, the Company has changed its name
several times. On August 27, 1998 the Company changed its
name to Corbett's Cool Clear WTAA, Inc., on September 24,
1999 to WTAA International, Inc., on December 6, 2001 to
Gravitas International, Inc., and finally to its current
name, FormCap Corp. on October 12, 2007.

On September 18, 2007, the Company merged the Florida
jurisdiction and the Nevada jurisdiction into one Nevada
jurisdiction.

These financial statements have been prepared in
accordance with generally accepted accounting principles
applicable to a going concern, which assumes that the
Company will be able to meet its obligations and continue
its operations for its next fiscal year. Realization
values may be substantially different from carrying values
as shown and these financial statements do not give effect
to adjustments that would be necessary to the carrying
values and classification of assets and liabilities should
the Company be unable to continue as a going concern. At
September 30, 2009, the Company had not yet achieved
profitable operations, has accumulated losses of
$7,551,213 since inception and expects to incur further
losses in the development of its business, of which cast
substantial doubt about the Company's ability to continue
as a going concern.


			5



The Company's ability to continue as a going concern is
dependent upon future profitable operations and/or the
necessary financing to meet its obligations and repay its
liabilities arising from normal business operations when
they come due. Management has obtained additional funds by
related party advances, however there is no assurance that
this additional funding is adequate and further funding
may be necessary.

Note 2.  Significant Accounting Policies

These financial statements have been prepared in
accordance with generally accepted accounting principles
in the United States of America and are stated in US
dollars. Because a precise determination of many assets
and liabilities is dependent upon future events, the
preparation of financial statements for a period
necessarily involves the use of estimates which have been
made using careful judgment. Actual results may differ
from these estimates.

The financial statements have, in management's opinion,
been properly prepared within the framework of the
significant accounting policies summarized below :

(a)	Development Stage Company

The Company is a development stage company. The Company is
devoting substantially all of its present efforts to
establish a new business and none of its planned principal
operations have commenced. All losses accumulated since
inception has been considered as part of the Company's
development stage activities.

(b)	Financial Instruments

The carrying values of cash, accounts receivable, accounts
payable, promissory notes payable and due to related
parties approximate fair value because of the short-term
nature of these instruments. Management is of the opinion
that the Company is not exposed to significant interest,
currency or credit risks arising from these financial
instruments.


			6


(c)	Stock Issued in Exchange for Services

The valuation of common stock issued in exchange for
services is valued at an estimated fair market value as
determined by officers and directors of the Company based
upon other sales and issuances of the Company's common
stock within the same general time period.

(d)	Stock-based Compensation

FASB ASC (Accounting Standards Codification) 718 "Stock
Compensation" requires public companies to recognize the
cost of employee services received in exchange for equity
instruments, based on the grant-date fair value of those
instruments, with limited exceptions. FASB ASC 718 "Stock
Compensation" also affects the pattern in which
compensation cost is recognized, the accounting for
employee share purchase plans, and the accounting for
income tax effects of share-based payment transactions.
For small business filers, FASB ASC 718 "Stock
Compensation" is effective for interim or annual periods
beginning after December 15, 2005. The Company adopted the
guidance in FASB ASC 718 "Stock Compensation" on October
1, 2007.


(e)	Foreign Currency Translation

The Company translates foreign currency transactions and
balances to its reporting currency, United States Dollars,
in accordance with FASB ASC 830 "Foreign Currency
Matters". Monetary assets and liabilities are translated
into the functional currency at the exchange rate in
effect at the end of the year. Non-monetary assets and
liabilities are translated at the exchange rate prevailing
when the assets were acquired or the liabilities assumed.
Revenue and expenses are translated at the rate
approximating the rate of exchange on the transaction
date. All exchange gains and losses are included in the
determination of net income (loss) for the year.



			7


(f)	Basic and Diluted Loss Per Share

The Company presents of both basic and diluted earnings
per share ("EPS") on the face of the income statement.
Basic loss per share is computed by dividing the net loss
available to common shareholders by the weighted average
number of common shares outstanding during the year.
Diluted EPS gives effect to all dilative potential common
shares outstanding during the year including stock
options, using the treasury stock method, and convertible
preferred stock, using the if-converted method. In
computing diluted EPS, the average stock price for the
year is used in determining the number of shares assumed
to be purchased from the exercise of stock options or
warrants. Diluted EPS excludes all dilative potential
common shares if their effect is anti dilative.

(g)	Income Taxes

The Company follows FASB ASC 740 "Income Taxes", which
requires the use of the asset and liability method of
accounting for income taxes. Under the asset and liability
method, deferred tax assets and liabilities are recognized
for future tax consequences attributable to temporary
differences between the financial statements carry amounts
of existing assets and liabilities and loss carry forwards
and their respective tax rates expected to apply to
taxable income in the year in which those temporary
differences are expected to be recovered or settled.


(h)	Recently Issued Accounting Pronouncements

In May 2008, the Financial Accounting Standards Board
("FASB") issued Statement of Financial Accounting
Standards ("SFAS") No. 162, The Hierarchy of Generally
Accepted Accounting Principles. SFAS No. 162 identifies
the sources of accounting principles and the framework for
selecting the principles that are presented in conformity
with generally accepted accounting principles in the
United States. SFAS No. 162 is effective 60 days following
the Securities and

			8



Exchange Commission's approval of the Public Company
Accounting Oversight Board amendments to AU Section
411, The Meaning of Present Fairly in Conformity with
Generally Accepted Accounting Principles. The Company
does not believe SFAS No. 162 will have a material
impact on its financial statements.

In March 2008, the FASB issued SFAS No. 161,
Disclosure about Derivative Instruments and Hedging
Activities, an amendment of FASB Statement No. 133.
SFAS No. 161 changes the disclosure requirements for
derivative instruments and hedging activities.
Entities are required to provide enhanced disclosures
about (a) how and why an entity uses derivative
instruments, (b) how derivative instruments and
related hedged items are accounted for under Statement
No. 133 and its related interpretations and (c) how
derivative instruments and related hedged items affect
an entity's financial position, financial performance
and cash flows. SFAS No. 161 is effective for
financial statements issued for fiscal years and
interim periods beginning after November 15, 2008,
with early application encouraged. The Company does
not believe SFAS No. 161 will have a material impact
on its financial statements.

In December 2007, the FASB issued SFAS No. 141(R),
Business Combinations. SFAS No. 141(R) retains the
fundamental requirements in SFAS No. 141, Business
Combinations, that the acquisition method of
accounting be used for all business combinations and
for an acquirer to be identified for each business
combination. SFAS No. 141(R) requires an acquirer to
recognize the assets acquired, the liabilities
assumed, and any noncontrolling interest in the
acquiree at the acquisition date, measured at their
fair values as of that date, with limited exceptions
specified in SFAS No. 141(R). In addition, SFAS No.
141(R) requires acquisition costs and restructuring
costs that the acquirer expected but was not obligated
to incur to be recognized separately from the business
combination, therefore, expensed instead of part of
the purchase price allocation. SFAS No. 141(R) will be
applied prospectively to business combinations for

			9


which the acquisition date is on or after the
beginning of the first annual reporting period
beginning on or after December 15, 2008. Early
adoption is prohibited. The Company expects to adopt
SFAS No. 141(R) to any business combinations with an
acquisition date on or after January 1, 2009. The
Company does not believe SFAS No. 141(R) will have a
material impact on its financial statements.

In February 2007, the FASB issued SFAS No. 159, The Fair
Value Option for Financial Assets and Financial
Liabilities. SFAS No. 159 permits an entity to
irrevocably elect fair value on a contract-by-contract
basis as the initial and subsequent measurement
attribute for many financial assets and liabilities and
certain other items including insurance contracts.
Entities electing the fair value option would be
required to recognize changes in fair value in earnings
and to expense upfront cost and fees associated with the
item for which the fair value option is elected. SFAS
No. 159 is effective for fiscal years beginning after
November 15, 2007. Early adoption is permitted as of the
beginning of a fiscal year that begins on or before
November 15, 2007, provided the entity also elects to
apply the provisions of SFAS No. 157, Fair Value
Measurements. The Company does not expect the adoption
of SFAS No. 159 to have a material impact on its
financial condition or results of operations.

Note 3. Common Stock

For The Nine Months Ended September 30, 2009

Shares Subscriptions and retirement.

On March 3, 2009, the Company entered into an agreement to
issued 400,000 restricted shares in accordance with
Regulation 144 of the United States Securities Act at
$0.10 per share with Black Hawk Financial, Inc. for an
aggregate amount of $40,000 for consultation services
provided to the Company.


			10



On March 3, 2009, 120,000,000 shares issued on October 16,
2007 on promissory notes were retired to treasury.

On May 11, 2009, 200,000 restricted shares issued on March
3, 2009, with Black Hawk Financial, Inc. were retired to
treasury.

On July 1, 2009, the Company entered into an agreement to
issued 2,000,000 restricted shares in accordance with
Regulation 144 of the United States Securities Act at
$0.10 per share with Duke Enterprises, LLC for an
aggregate amount of $200,000 for consultation services
provided to the Company.

On July 15, 2009, the Company entered into an agreement to
issued 100,000 restricted shares in accordance with
Regulation 144 of the United States Securities Act at
$0.10 per share with Metropolis Acquisition Corporation
for an aggregate amount of $10,000 for consultation
services provided to the Company.

On July 15, 2009, the Company entered into an agreement to
issued 500,000 restricted shares in accordance with
Regulation 144 of the United States Securities Act at
$0.10 per share with Jim D. Romano for an aggregate amount
of $50,000 for consultation services provided to the
Company.

On July 21, 2009, the Company approved the issuance of
5,000,000 shares at $0.01 per share to settle amounts of
$50,000 of debt due to a debtor of the Company.

On July 31, 2009, 5,000,000 shares issued on October 16,
2007 on promissory notes were retired to treasury.

Note 4. Related Party Accounts

On September 30, 2009, $853,914 was due to several
individuals and corporations related to the Company through
ownership. These amounts bear no interest and are due on
demand; the Company recorded no imputed interest on these borrowings.

Note 5. Royalty and License Fees Payable

The Company had $135,000 in outstanding license fees


			11


payable as at December 31, 2007 and 2008 and is in default
in these agreements on December 31, 2002. The company is no
longer in this line of business and since no legal action
was taken against the company, the company is considering
of writing off the stated amount in November 2009.

Note 6. Prepaid Consulting Services

On July 1, 2009, the Company issued 2,000,000 restricted
shares, at $0.10 per share, to Duke Enterprises for
consulting services to be performed over the following two
years. Because the shares were issued in advance of
receipt of services, the Company recognized an asset,
Prepaid Consulting Services, with a value of $200,000. As
of September 30, 2009, $25,000 of this asset has already
been expensed. $100,000 of this asset will be consumed
within the next year, and is classified as current,
whereas the remaining $75,000 is classified as non-
current.

Note 7. Income Taxes

The Company provides for income taxes under FASB ASC 740
"Income Taxes". FASB ASC 740 "Income Taxes" requires the
use of an asset and liability approach in accounting for
income taxes. Deferred tax assets and liabilities are
recorded based on the differences between the financial
statement and tax bases of assets and liabilities and the
tax rates in effect currently.

The company has fully impaired any deferred tax asset due to
the improbability of future taxable earnings.

Note 8. Subsequent Events

(a)	On October 15, 2009, the Registrant (the "Borrower")
and Rich Investments Ltd. (the "Lender") signed a Loan
Agreement (the "Loan Agreement").

The Lender has agreed to advance to the Borrower by way of
loan, and the Borrower has agreed to borrow from the
Lender, the sum of USD$400,000 (the "Principal Sum") on
the terms and conditions set forth in the Loan Agreement.

The Principal Sum will bear interest at the rate of 12%
per annum calculated semi annually, not in advance from
the date of advance of the Principal Sum provided however
that, notwithstanding the foregoing rate of interest and
the date of repayment of the Principal Sum, a minimum of
USD$12,000 (the "Minimum Interest") will be payable by the
Borrower to the Lender on account of interest on the
Principal Sum.

The Lender shall be entitled to, at anytime during the
term of this Loan Agreement before repayment of the
Principal Sum and by notice in writing to the Borrower
without special form, convert the outstanding Principal
Sum of 400,000 units of the Borrower, each such unit
consisting of one (1) fully paid common share in the



			12






capital of the Borrower and one (1) purchase warrant for a
further free-trading common share exerciseable at USD$0.35
for a period of two (2) years from the issuance of the
warrant.

The Principal Sum, together with all accrued but unpaid
interest, is repayable by the Borrower to the Lender on or
before April 15, 2010 (the "Due Date").

(b)	On August 28, 2009, the Registrant and Calderan
Ventures Ltd. (collective the "Borrower") and Leare
Developments Ltd. (the "Lender") signed a Loan Agreement
(the "Loan Agreement").

The Lender has agreed to advance to the Borrower by way of
loan, and the Borrower has agreed to borrow from the
Lender, the sum of USD$60,000 (the "Principal Sum") on the
terms and conditions set forth in the Loan Agreement.

The Principal Sum will bear interest at 12% per annum
compounded annually, not in advance, such interest to
accrue and to be paid on the due date.








			13




PART I

   This Interim Report on Form 10-Q contains forward-looking statements
that have been made pursuant to the provisions of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of
1934, and the Private Securities Litigation Reform Act of 1995 and
concern matters that involve risks and uncertainties that could cause
actual results to differ materially from historical results or from
those projected in the forward-looking statements. Discussions
containing forward-looking statements may be found in the material set
forth under "Business," "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and in other sections of this
Form 10-Q. Words such as "may," "will," "should," "could," "expect,"
"plan," "anticipate," "believe," "estimate," "predict," "potential,"
"continue" or similar words are intended to identify forward-looking
statements, although not all forward-looking statements contain these
words. Although we believe that our opinions and expectations reflected
in the forward-looking statements are reasonable as of the date of this
Report, we cannot guarantee future results, levels of activity,
performance or achievements, and our actual results may differ
substantially from the views and expectations set forth in this Interim
Report on Form 10-Q. We expressly disclaim any intent or obligation to
update any forward-looking statements after the date hereof to conform
such statements to actual results or to changes in our opinions or
expectations.

   Readers should carefully review and consider the various disclosures
made by us in this Report, set forth in detail in Part I, under the heading
"Risk Factors," as well as those additional risks described in other
documents we file from time to time with the Securities and Exchange
Commission, which attempt to advise interested parties of the risks,
uncertainties, and other factors that affect our business. We undertake
no obligation to publicly release the results of any revisions to any
forward-looking statements to reflect anticipated or unanticipated events
or circumstances occurring after the date of such statements.









			14







Item 2.  Management's Discussion and Analysis of
Financial Condition and Results of Operations.

General

The Company has been in the process of identifying and
discussing strategic merger or acquisitions. The
Company will need to raise substantial additional
capital to fund this strategy. The Company is seeking
such additional funds through private equity or debt
financing. There can be no assurance that such funding
will be available on acceptance terms. The Company's
continued existence as a going concern is ultimately
dependent upon its ability to secure additional
funding.

Operation

The Company has not been active since November 2003.
The losses for the nine months ended September 30,
2009 was $322,839 for consulting, accounting, filing,
writing off of acquisition deposit, general and
administrative expenses. There was no revenue for
those periods stated above.

Plan of Operation and joint venture agreements

We currently have minimal cash reserves and a
significant working capital deficit. Accordingly, our
ability to pursue our plan of operations is contingent
on our being able to obtain funding for the
development of our projects.

On March 11, 2009, the Company had signed a Joint
Venture Development and Operating Agreement with
MLXjet, Inc and Mixed Media Corp, both of Vancouver
B.C.

The ownership and revenue interests of the Parties
under this Joint Venture shall be a 60% (sixty
percent) interest to FormCap and a 40% (forty percent)
interest to MLXjet Inc. FormCap shall be the operator
and/or manager of the JV Assets and the Joint Venture.



			15



The Assets of MLXjet Assets and FormCap are to be
owned and operated jointly as the Joint Venture. The
Joint Venture will develop the Business of MLXjet in
Canada, United States and Mexico, in accordance with
the MLX/FABUSEND business plan, and share the Revenues
of the Joint Venture.

On July 17, 2009, FormCap announces cancellation of
Joint Venture agreement with MLXjet, Inc. and MLXjet
Media Corp.

On July 8, 2009, the Company had signed an option
agreement with Morgan Creek Energy Corp. to acquire up
to a 50% Working Interest (40.75% Net Revenue
Interest) in Morgan Creeks' approximately 13,000 acre
entire Frio Draw Prospect located in Curry County, New
Mexico. Under the terms of the agreement, FormCap is
required to drill and complete two mutually defined
targets on the acreage to earn its interest.

Following the initial two wells, Morgan Creeks'
management and land team will work with FormCap to
establish additional targets on the Frio draw based on
technical data and drill results. The two companies
will jointly fund additional targets and have
committed to a minimum five holes drill program in
order to effectively test the Frio Draw.

On September 21, 2009, Morgan Creek Energy Corp.
issued a letter terminating the option agreement
signed on July 8, 2009 as FormCap is unable to meet
the payment requirements within the Option Period
provided.

Liquidity and Financial Resources

The Company remains in the development stage.
Operations were financed through advances and loans
from directors and related parties. The directors and
related parties have also advanced funds into the
Company to cover cash flow deficiencies. These
advances have no stated repayment terms.



			16


The Company's financial statements are presented on a
going concern basis, which contemplates the
realization of assets and the satisfaction of
liabilities in the normal course of business. At
September 30, 2009, we have been unsuccessful in our
efforts to raise additional capital to meet our plan
of operations. Our cash position as of September 30,
2009 was $67. We have accumulated operating losses
of $7,551,213.

Critical Accounting Policies

The Company's discussion and analysis of its financial
condition and results of operations are based upon the
Company's financial statements, which have been
prepared in accordance with accounting principles
generally accepted in the United States of America.
The preparation of the financial statements requires
the Company to make estimates and judgments that
affect the reported amount of assets, liabilities, and
expenses, and related disclosures of contingent assets
and liabilities. On an on-going basis, the Company
evaluates its estimates, including those related to
intangible assets, income taxes and contingencies and
litigation. The Company bases its estimates on
historical experience and on various assumptions that
are believed to be reasonable under the circumstances,
the results of which form the basis for making
judgments about carrying values of assets and
liabilities that are not readily apparent from other
sources. Actual results may differ from these
estimates under different assumptions or conditions.

Item 3. Quantitative and Qualitative Disclosures About
Market Risk.

The Company at present does not engage in any business
activities thus will not be subjected to any
quantitative or qualitative influences to market risk.




			17





Item 4T. Controls and Procedures.

The Company's Chief Executive Officer and its Chief
Financial Officer are primarily responsible for the
accuracy of the financial information that is presented
in this quarterly Report.  These officers have as of the
close of the period covered by this Quarterly Report,
evaluated the Company's disclosure controls and
procedures (as defined in Rules 13a-4c and 15d-14c
promulgated under the Securities Exchange Act of 1934 and
determined that such controls and procedures were
effective in ensuring that material information relating
to the Company was made known to them during the period
covered by this Quarterly Report.

There have been no changes in our internal control over
financial reporting (as defined in Rules 13a-15(f) and
15d-15(f) under the Exchange Act) during the fourth
quarter of our 2008 fiscal year that have materially
affected, or are reasonably likely to materially affect,
our internal control over financial reporting.


PART II

Item 1.  Legal Proceedings.

On May 21, 2009, the Company received a Writ of Summons
from Robert D. Holmes Law Corporation and Terrence E.
King Law Corporation, the "Plaintiffs" and William
McKay, Jupiter Capital Ltd., Jupiter Capital Ventures,
Inc., Barron Energy Corporation, Media Games Ltd.,
Brandgamz Marketing Inc., FormCap Corp. and Snap-Email,
Inc., the "Defendants". The claim against FormCap Corp.
in the amount of C$61,452.56 together with interest at
the rate of 18% per annum thereon from and after October
1, 2007. On June 9, 2009, the Company's related parties
who took over the debt of the company as per the
agreement dated November 7, 2006, have made a settlement
with the "Plaintiffs" and have agreed to file a
discontinuance of claims made against FormCap.





			18


Item 1A. Risk Factors

The Company at present does not engage in any business
activities thus will not be subjected to any risk.

Item 2. Unregistered Sales of Equity Securities and Use of
Proceeds.

On March 3, 2009, the Company entered into an agreement to
issued 400,000 restricted shares in accordance with
Regulation 144 of the United States Securities Act at
$0.10 per share with Black Hawk Financial, Inc. for an
aggregate amount of $40,000 for consultation services
provided to the Company.

On March 3, 2009, 120,000,000 shares issued on October 16,
2007 on promissory notes were retired to treasury.

On May 11, 2009, 200,000 restricted shares issued on March
3, 2009, with Black Hawk Financial, Inc. were retired to
treasury.

On July 1, 2009, the Company entered into an agreement to
issued 2,000,000 restricted shares in accordance with
Regulation 144 of the United States Securities Act at
$0.10 per share with Duke Enterprises, LLC for an
aggregate amount of $200,000 for consultation services
provided to the Company.

On July 15, 2009, the Company entered into an agreement to
issued 100,000 restricted shares in accordance with
Regulation 144 of the United States Securities Act at
$0.10 per share with Metropolis Acquisition Corporation
for an aggregate amount of $10,000 for consultation
services provided to the Company.

On July 15, 2009, the Company entered into an agreement to
issued 500,000 restricted shares in accordance with
Regulation 144 of the United States Securities Act at
$0.10 per share with Jim D. Romano for an aggregate amount
of $50,000 for consultation services provided to the
Company.





			19



On July 21, 2009, the Company approved the issuance of
5,000,000 shares at $0.01 per share to settle amounts of
$50,000 of debt due to a debtor of the Company.

On July 31, 2009, 5,000,000 shares issued on October 16,
2007 on promissory notes were retired to treasury.

Item 3. Defaults Upon Senior Securities.

Not Applicable.

Item 4. Submission of Matters to a Vote of Security Holders.

Not Applicable.

Item 5. Other Information.

None
















			20







Item 6.  Exhibits

31.1  Certification of the Chief Executive Officer pursuant
to Section 302 of the Sarbanes-Oxley Act of 2002, filed
herewith.

31.2  Certification of the Chief Financial Officer pursuant
to Section 302 of the Sarbanes-Oxley Act of 2002, filed
herewith.

32.1 Certification of the Chief Executive Officer pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002, filed
herewith.

32.1 Certification of the Chief Financial Officer pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002, filed
herewith.

SIGNATURES

In accordance with the Securities Exchange Act of 1934,
this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on
the dates indicated.

Dated:  November 23, 2009

                         FORMCAP CORP.

      By: /S/ Graham Douglas
              Graham Douglas
          Chief Executive Officer
              & Director



      By: /S/ Michael Lee
	    Michael lee
	Chief Accounting Officer



			21





Exhibit 31.01

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO
RULE 13A-14(A) OF THE SECURITIES EXCHANGE ACT AND
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Graham Douglas, Director and Chief Executive Officer of FormCap Corp.
 certify that :

1.  I have reviewed this Quarterly Report on Form 10-Q of FormCap Corp. ;

2.  Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary
to make the statements made, in  light of the circumstances under which
such statements were made, not misleading with  respect to the period
covered by this report;

3.  Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as
defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in Exchange Act Rules
13a-15(f) and 15d-15(f)) for the registrant and have :

a.  Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including
its consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being
prepared;

b.  Designed such internal control over financial reporting, or caused
such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for
external purpose in accordance with general accepted accounting principles;

c.  Evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of
the period covered by this report based on such evaluation; and

d.  Disclosed in this report any change in the registrant's internal control
over financial reporting that occurred during the registrant's most recent
fiscal quarter (the registrant's fourth fiscal quarter in the case of an
annual report) that has materially affected, or is reasonably likely to
materially affect, the registrant's internal control over financial
reporting.

			22



5.  The registrant's other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial reporting,
to the registrant's auditors and the audit committee of the registrant's
board of directors (or persons performing the equivalent functions ):

a.  All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process,
summarized and report financial information; and

b.  Any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal control
over financial reporting.


    Dated : November 23, 2009

	 Signature : /s/   Graham Douglas
                        ------------------
                           Graham Douglas
             Director and Chief Executive Officer














			23




Exhibit 31.02

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO
RULE 13A-14(A) OF THE SECURITIES EXCHANGE ACT AND
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael Lee,  Chief Accounting Officer of FormCap Corp.
 certify that :

1.  I have reviewed this Quarterly Report on Form 10-Q of FormCap Corp. ;

2.  Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary
to make the statements made, in  light of the circumstances under which
such statements were made, not misleading with  respect to the period
covered by this report;

3.  Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods presented in this report;

4.  The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over
financial reporting (as defined in Exchange Act Rules 13a-15(f) and
15d-15(f)) for the registrant and have :

a.  Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including
its consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being
prepared;

b.  Designed such internal control over financial reporting, or caused
such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for
external purpose in accordance with general accepted accounting principles;

c.  Evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end
of the period covered by this report based on such evaluation; and

d.  Disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the registrant's
most recent fiscal quarter (the registrant's fourth fiscal quarter in the
case of an annual report) that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over financial
reporting.


			24



5.  The registrant's other certifying officer and I have disclosed,
based on our most  recent evaluation of internal control over financial
reporting, to the registrant's auditors and the audit committee of the
registrant's board of directors (or persons performing the equivalent
functions ):

a.  All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the registrant's ability to record, process,
summarized and report financial information; and

b.  Any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal
control over financial reporting.


    Dated : November 23, 2009

   Signature : /s/   Michael Lee
               -------------------
                     Michael Lee
                Chief Accounting Officer
















			25



EXHIBIT 32 .01

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED
PURSUANT TO SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of FormCap Corp. (the "Company") on
Form 10-Q for the period ended September 30, 2009 as filed with the Securities
and Exchange Commission on the date hereof (the "Report"),

I, Graham Douglas, Chief Executive Officer of the  Company,  certify,  pursuant
to 18 U.S.C. Section 1350, as adopted  pursuant to Section 906 of the  Sarbanes-
Oxley Act of 2002, that to the best of my knowledge:

 (1) The Report fully complies with the  requirements of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

 (2) The  information  contained in the Report  fairly  presents,  in all
material  respects,  the  financial  condition  and result of  operations
of the Company.

                       /s/ Graham Douglas
                        ------------------
                           Graham Douglas
                         Chief Executive Officer

November 23, 2009
















			26




EXHIBIT 32 .02

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED
PURSUANT TO SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of FormCap Corp. (the "Company") on
Form 10-Q for the period ended September 30, 2009 as filed with the Securities
and Exchange Commission on the date hereof (the "Report"),

I, Michael Lee, Chief Accounting Officer of the  Company,  certify,
pursuant to 18 U.S.C. Section 1350, as adopted  pursuant to Section 906 of
the  Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

 (1) The Report fully complies with the  requirements of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

 (2) The  information  contained in the Report  fairly  presents,  in all
material  respects,  the  financial  condition  and result of  operations
of the Company.

                           /s/ Michael Lee
                             -------------
                               Michael Lee
                             Chief Accounting Officer

November 23, 2009
















			27