| Colorado                                                      | 84-0826695                           |
|---------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. Employer Identification No.) |

| 106 S. University Blvd., #14 Denver, Colorado 80209 |
|-----------------------------------------------------|
| (Address of principal executive offices) (Zip Code) |

| (303) 722-4008                                       |
|------------------------------------------------------|
| (Registrant's telephone number, including area code) |

|  Large accelerated filer o |  Accelerated filer o |  Non-accelerated filer o                      |  Smaller reporting company x |
|---------------------------------|--------------------------------|----------------------------------------------------|-----------------------------------|
|                            |                           |  (do not check if a smallerreporting company) |                              |

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|                                                                                                     |  Page                                                                                             |
|----------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------|
|  PART 1— Financial Information                                                           |                                                                                                   |
|                                                                                                     |                                                                                                   |   |
|  Item 1. Financial Statements                                                                  |                                                                                                   |
|                                                                                                     |                                                                                                   |   |
|                                                                                                     |  Balance Sheets as of March 31, 2011 (unaudited) and June 30, 2010                                |  2 |
|                                                                                                     |                                                                                                   |   |
|                                                                                                     |  Statements of Operations for the Three and Nine Months Ended March 31, 2011 and 2010 (unaudited) |  3 |
|                                                                                                     |                                                                                                   |   |
|                                                                                                     |  Statements of Cash Flows for the Nine Months Ended March 31, 2011 and 2010 (unaudited)      |  4 |
|                                                                                                     |                                                                                                   |   |
|                                                                                                     |  Notes to Unaudited Financial Statements                                                          |  5 |
|                                                                                                     |                                                                                                   |   |
|  Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations |  10                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  Item 3. Quantitative and Qualitative Disclosures About Market Risk                            |  12                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  Item 4. Controls and Procedures                                                               |  12                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  PART II - Other Information                                                                        |                                                                                                   |
|                                                                                                     |                                                                                                   |   |
|  Item 1. Legal Proceedings                                                                     |  13                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  Item 1A. Risk Factors                                                                         |  13                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                           |  13                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  Item 3. Defaults Upon Senior Securities                                                       |  13                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  Item 4. (Removed and Reserved)                                                                |  13                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  Item 5. Other Information                                                                     |  13                                                                                               |
|                                                                                                     |                                                                                                   |   |
|  Item 6. Exhibits                                                                              |  13                                                                                               |
|                                                                                                     |                                                                                                   |   |
| Signatures                                                                                               |  14                                                                                               |

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|                                                           |   |                     |        |   |                                                    |   |
|----------------------------------------------------------------|--------|--------------------------|-------------|--------|---------------------------------------------------------|--------|
|                                                           |   |                     |        |   |                                                    |   |
|                                                           |   | March 31,2011(Unaudited) |        |   | June 30,2010(Derived from audited financial statements) |   |
|                                                           |   |                     |        |   |                                                    |   |
| ASSETS                                                         |   |
|                                                           |   |                     |        |   |                                                    |   |
| CURRENT ASSETS:                                                |   |                     |        |   |                                                    |   |
| Cash and cash equivalents                                      |   | $                        | 17,367      |   |                                                    | $      | 8,596 |   |
| Investment securities                                          |   |                     | 12,164      |   |                                                    |   | 14,073 |   |
| Notes receivable and accrued interest                          |   |                     | 1,059,138   |   |                                                    |   |       - |   |
| Loan origination fees, net                                     |   |                     | 18,194      |   |                                                    |   | - |   |
| Prepaid and other assets                                       |   |                     |  3,095 |   |                                                    |   | 3,804 |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
| Total current and total assets                            |   | $                        | 1,109,958   |   |                                                    | $      | 26,473 |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                     |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
| CURRENT LIABILITIES:                                           |   |                     |        |   |                                                    |   |   |   |
| Accounts payable and accrued expenses                          |   | $                        | 297         |   |                                                    | $      | 585 |   |
| Notes payable and accrued interest                             |   |                     | 1,111,763   |   |                                                    |   |  - |   |
| Other unsecured liability                                      |   |                     | 8,000       |   |                                                    |   |  - |   |
| Deferred income tax liability                                  |   |                     | 3,000       |   |                                                    |   | 2,500 |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
| Total current liabilities                                      |   |                     | 1,123,060   |   |                                                    |   | 3,085 |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
| COMMITMENTS AND CONTINGENCIES:                                 |   |                     |        |   |                                                    |   |   |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
| STOCKHOLDERS’ EQUITY (DEFICIT):                          |   |                     |        |   |                                                    |   |   |   |
| Common Stock - $.025 par value, 15,000,000 Shares              |   |                     |        |   |                                                    |   |   |   |
| authorized:  3,509,877 shares issued and outstanding |   |                     | 87,747      |   |                                                    |   | 87,747 |   |
| Additional paid-in capital                                     |   |                     | 1,390,752   |   |                                                    |   | 1,390,752 |   |
| Accumulated (deficit)                                          |   |                     | (1,491,601  | )      |                                                    |   | (1,455,111 | ) |
|                                                           |   |                     |        |   |                                                    |   |   |   |
| Total stockholders’ equity (deficit)                     |   |                     | (13,102)    |   |                                                    |   | 23,388 |   |
|                                                           |   |                     |        |   |                                                    |   |   |   |
|                                                           |   | $                        | 1,109,958   |   |                                                    | $      | 26,473 |   |

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|                                                                                |   | Three months ended |                                                                |   | Nine months ended |   |
|-------------------------------------------------------------------------------------|--------|--------------------|---------------------------------------------------------------------|--------|-------------------|--------|
|                                                                                |   | March 31           |                                                                |   | March 31,         |   |
|                                                                                |   | 2011               |                                                                |   | 2010              |   |   | 2011 |   |   | 2010 |   |
| Revenues:                                                                           |   |               |                                                                |   |              |   |   |   |   |   |   |   |
|    Net unrealized gains (losses) on  investment securities |   | $                  | 3,506                                                               |   |              | $      | 7,597 |   |   | $ | (1,909 | ) |   | $ | (38,711 | ) |
|    Net realized (losses) on investment securities                    |   |               | -                                                                   |   |              |   | - |   |   |   | - |   |   |   | (243,478 | )  |
|    Interest and dividend income                                      |   |               | 15,376                                                              |   |              |   |          - |   |   |   | 34,138 |   |   |   |              2 |   |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Total revenues                                                                      |   |               | 18,882                                                              |   |              |   | 7,597 |   |   |   | 32,229 |   |   |   | (282,187 | ) |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Expenses:                                                                           |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
|      Operating, general and administrative                      |   |               |    5,879                                             |   |              |   | 22,836 |   |   |   | 24,208 |   |   |   | 141,293 |   |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss)                                                             |   |               | 13,003                                                              |   |              |   | (15,239 | ) |   |   | 8,021 |   |   |   | (423,480 | ) |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                    |   |               | 29,523                                                              |   |              |   |            - |   |   |   | 67,863 |   |   |   |              - |   |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Income (loss) before income taxes                                                   |   |               | (16,520                                                             | )      |              |   | (15,239 | ) |   |   | (59,842 | ) |   |   | (423,480 | ) |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Income tax (benefit) expense (Note 4)                                               |   |               |            - |   |              |   | (1,500 | ) |   |   | (23,352 | ) |   |   | (240,216 | ) |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                                   |   | $                  | (16,520)                                                            |   |              | $      | (13,739 | ) |   | $ | (36,490 | ) |   | $ | (183,264 | ) |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted income (loss) per common share:                                   |   | $                  | Nil                                                                 |   |              | $      | Nil |   |   | $ | (.01 | ) |   | $ | (.05 | ) |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of commonshares outstanding                                 |   |               | 3,509,877                                                           |   |              |   | 3,509,877 |   |   |   | 3,509,877 |   |   |   | 3,509,877 |   |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |               |                                                                |   |              |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                     |   | Nine months ended March 31, |       |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|------------|
|                                                                                                                                                                                     |   | 2011                        |       |   | 2010 |   |
| CASH FLOWS FROM (TO) OPERATING ACTIVITIES:                                                                                                                                               |   |                        |       |   |   |   |
| Net (loss)                                                                                                                                                                               |   | $                           | (36,490    | ) |   | $ | (183,264 | ) |
|      Adjustments to reconcile net (loss) to cash                                                                                                                     |   |                        |       |   |   |   |   |   |
|           provided (used) by operating activities:                                                                                          |   |                        |       |   |   |   |   |   |
| Depreciation and amortization                                                                                                                                                            |   |                        | 32,038     |   |   |   | 1,152 |   |
| Noncash charges                                                                                                                                                                          |   |                        | -          |   |   |   | 56,616 |   |
| Deferred income taxes                                                                                                                                                                    |   |                        | 500        |   |   |   | (210,500 | ) |
| Unrealized losses on trading investment securities                                                                                                                                       |   |                        | 1,909      |   |   |   | 38,711 |   |
| Realized losses on trading investment securities                                                                                                                                         |   |                        | -          |   |   |   | 243,478 |   |
| Realized losses on fixed asset disposal                                                                                                                                                  |   |                        | -          |   |   |   | 3,098 |   |
| Changes in:                                                                                                                                                                              |   |                        |       |   |   |   |   |   |
| Accrued interest receivable                                                                                                                                                              |   |                        | (34,138    | ) |   |   | - |   |
| Prepaid and other assets                                                                                                                                                                 |   |                        | 709        |   |   |   | 12,621 |   |
| Accounts payable and accrued expenses                                                                                                                                                    |   |                        | (288       | )  |   |   | 909 |   |
| Accrued interest payable                                                                                                                                                                 |   |                        | 35,342     |   |   |   |            - |   |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
|                         Cash flows provided (used) by operating activities |   |                        | (418)      |   |   |   | (37,179 | ) |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
| CASH FLOWS FROM (TO) INVESTING ACTIVITIES:                                                                                                                                               |   |                        |       |   |   |   |   |   |
|     Investments in notes receivable                                                                                                                                       |   |                        | (1,025,000 | ) |   |   |             - |   |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
|                         Cash flows (used) by operating activities     |   |                        | (1,025,000 | )  |   |   | - |   |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
| CASH FLOWS FROM (TO) FINANCING ACTIVITIES:                                                                                                                                               |   |                        |       |   |   |   |   |   |
|     Proceeds from issuance of notes payable                                                                                                                               |   |                        | 1,076,420  |   |   |   | - |   |
|     Proceeds from unsecured liability                                                                                                                                |   |                        | 8,000      |   |   |   | - |   |
|     Fees paid for issuance of debt                                                                                                                                        |   |                        | (50,231    | ) |   |   |               - |   |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
|                         Cash flows provided by financing activities   |   |                        | 1,034,189  |   |   |   |             - |   |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                                                                                                                     |   |                        | 8,771      |   |   |   | (37,179 | ) |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS, beginning of period                                                                                                                                           |   |                        | 8,596      |   |   |   | 60,109 |   |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS, end of period                                                                                                                                                 |   | $                           | 17,367     |   |   | $ | 22,930 |   |
|                                                                                                                                                                                     |   |                        |       |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                                                                                                                                        |   |                        |       |   |   |   |   |   |
|     Cash paid during the period for interest                                                                                                                              |   | $                           | -          |   |   | $ | - |   |
|     Cash paid during the period for income taxes                                                                                                                          |   | $                           | -          |   |   | $ |  - |   |
| Noncash financing – dividend distribution                                                                                                                                          |   | $                           | -          |   |   | $ | (412,480 | ) |

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|   | 1. | Pursuing the completion of the Prescient merger and relating funding activities; |
|--------|----|----------------------------------------------------------------------------------|

|   | 2. | Aggressively pursuing additional fund raising activities; and |
|--------|----|---------------------------------------------------------------|

|   | 3. | Continuing to monitor and implement other cost control initiatives to conserve cash |
|--------|----|-------------------------------------------------------------------------------------|

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|                                    | SharesUnderOption |   | WeightedAverageExercisePrice |    | WeightedAverageRemainingContractualLife (Years)  |   | AggregateIntrinsicValue |   |
|-----------------------------------------|-------------------|--------|------------------------------|---------|-------------------------------------------------------|--------|-------------------------|--------|
| Outstanding at June 30, 2010            | 250,000           |   | $                            | 0.44    |                                                  |   |                    |   |   |   |
|      Granted   | —           |   |                         | — |                                                  |   |                    |   |   |   |
|      Exercised | —           |   |                         | — |                                                  |   |                    |   |   |   |
|      Forfeited | —           |   |                         | — |                                                  |   |                    |   |   |   |
|                                    |              |   |                         |    |                                                  |   |                    |   |
| Outstanding at March 31, 2011           | 250,000           |   | $                            | 0.44    |                                                  | 5.4    |                    | $      | — |   |
|                                    |              |   |                         |    |                                                  |   |                    |   |
| Exercisable at March 31, 2011           | 250,000           |   | $                            | 0.44    |                                                  | 5.4    |                    | $      | — |   |
|                                    |              |   |                         |    |                                                  |   |                    |   |

|                                                                                               |   | Nine Months Ended |                                                                      |
|----------------------------------------------------------------------------------------------------|--------|-------------------|---------------------------------------------------------------------------|
|                                                                                               |   | March 31,         |                                                                      |
|                                                                                               |   | 2011              |                                                                      |   | 2010 |   |
|  Current income tax (benefit):                                                 |   |              |                                                                      |   |   |   |
|               Federal             |   | $                 | (23,852)                                                                  |   |   | $ | (25,116) |   |
|               State          |   |              |            -       |   |   |   | (4,600) |   |
|                                                                                               |   |              | (23,852)                                                                  |   |   |   | (29,716) |   |
|  Deferred income tax  (benefit):                                                         |   |              |                                                                      |   |   |   |   |   |
|                 Federal |   |              | 500                                                                       |   |   |   | (184,500) |   |
|                 State   |   |              |             - |   |   |   | (26,000) |   |
|                                                                                               |   |              |       500                              |   |   |   | (210,500) |   |
| Total income tax (benefit)                                                                         |   | $                 | (23,352)                                                                  |   |   | $  | (240,216) |   |

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|   | 1. | Pursuing the completion of the Prescient merger and relating funding activities; |
|--------|----|----------------------------------------------------------------------------------|

|   | 2. | Aggressively pursuing additional fund raising activities; and |
|--------|----|---------------------------------------------------------------|

|   | 3. | Continuing to monitor and implement other cost control initiatives to conserve cash |
|--------|----|-------------------------------------------------------------------------------------|

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|   | 31.1 | Certification of Chief Executive Officer Pursuant to Rules 13a-14 and 15d-14 of the Securities Exchange Act of 1934 (1)                                                           |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | 31.2 | Certification of Chief Financial Officer Pursuant to Rules 13a-14 and 15d-14 of the Securities Exchange Act of 1934 (1)                                                           |
|   | 32.1 | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (2) |

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|         | CAMBRIDGE HOLDINGS, LTD. |                                                               |
|--------------|--------------------------|--------------------------------------------------------------------|
|         |                     |                                                               |   |
| May 11, 2011 | By:                      | /s/ Gregory S. Pusey                                          |   |
|         |                     | Gregory S. Pusey                                                   |   |
|         |                     | Chief Executive Officer, President, Treasurer and Director         |   |
|         |                     |                                                               |   |
|         |                     |                                                               |
|         |                     |                                                               |   |
| May 11, 2011 | By:                      | /s/ Jeffrey G. McGonegal                                      |   |
|         |                     | Jeffrey G. McGonegal                                               |   |
|         |                     | Senior Vice President-Finance,Chief Financial Officer and Director |   |
|         |                     |                                                               |   |

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