SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-Q  [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the Quarterly period ended  June 30, 2012  [] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  Commission File No. 000-53377  FOREVER VALUABLE COLLECTIBLES, INC. (Exact Name of Registrant as specified in its charter)  Colorado41-2230041(State or other jurisdiction(IRS Employer File Number)of incorporation)535 16th Street, Suite 820Denver, CO80202(Address of principal executive offices)(zip code)  (303) 573-1000 (Registrant's telephone number, including area code) Securities Registered Pursuant to Section 12(b) of the Act: None Securities Registered Pursuant to Section 12(g) of the Act:  Common Stock, no par per share par value  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 is a large accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of large accelerated filer, accelerated filer, and small reporting company in Rule 12b-2 of the Exchange Act.  Large accelerated filer  [ ]Accelerated filer [ ]Non-accelerated filer [ ]   (Do not check if a smaller
reporting company)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 []    No [ X ]   The number of shares outstanding of the Registrant's common stock, as of the latest practicable date, August 14, 2012,  was 12,012,600.   1|       FORM 10-Q  Forever Valuable Collectibles, Inc.  TABLE OF CONTENTS   PagePART I  FINANCIAL INFORMATIONItem 1. Financial Statements for the Period Ended June 30, 20123Item 2. Managements Discussion and Analysis and Plan of Operation10Item 3. Quantitative and Qualitative Disclosures About Market Risk14Item 4 Controls and Procedures14PART II  OTHER INFORMATIONItem 1. Legal Proceedings14Item 1A.  Risk Factors15Item 2. Unregistered Sales of Equity Securities and Use of Proceeds15Item 3. Defaults Upon Senior Securities15Item 4. Mine Safety Disclosures15Item 5. Other Information15Item 6. Exhibits15Signatures15       2|   PART I  FINANCIAL INFORMATION For purposes of this document, unless otherwise indicated or the context otherwise requires, all references herein to Forever Valuable, the Company, we, us, and our, refer to Forever Valuable Collectibles, Inc., a Colorado corporation.  FOREVER VALUABLE COLLECTIBLES, INC. (A Development Stage Company) Condensed Balance Sheets


|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |       |  |  | 
|------------------------------------- | ----------------------------------------------------------- | --------------------------------------------------------------------- | --------- | ------ | --------- | -------------------------------------- | ------------ | ----------- | -------- | ------------------------------------------- | ------------ | ----- |  |  | 
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             | June 30, |                                             | December 31,
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             | 2012     |                                             | 2011        
|                                      |                                                             |                                                                       |           |        |           |                                        |              | (Unaudited) |          | (Derived from
audited financial
statements)
|                                      |                                                             |                                                                       |           |        |           |                                        |             
|Assets                               
|Assets:                               |                                                             |                                                                       |           |        |           |                                        |              |             |         
|                                      | Cash..                              | $                                                                     | (116)     | $      | 191      
|                                      | Merchandise inventory                                       |                                                                       | 7,384     |        | 7,384    
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |      
|                                      |                                                             |                                                                       |           |        |           |                                        | Total Assets |             | $        | 7,268                                       | $            | 7,575
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |      
|Liabilities and Shareholders Deficit
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |      
|Liabilities:                          |                                                             |                                                                       |           |        |           |                                        |              |            
|                                      | Accounts payable:                                           |                                                                       |           |        |           |                                       
|                                      |                                                             | Related party (Note 2)..                              | $         | 5,062  | $         | 4,938                                 
|                                      |                                                             | Other.                                         |           | 29,091 |           | 23,349                                
|                                      | Notes payable, related parties (Note 2)                     |                                                                       | 69,698    |        | 60,948   
|                                      | Accrued interest payable, related parties (Note 2)          |                                                                       | 31,403    |        | 24,351   
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |      
|                                      |                                                             |                                                                       |           |        |           | Total Liabilities...     |              | 135,254     |          | 113,586                                    
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |      
|Shareholders deficit (Note 3):       |                                                             |                                                                       |           |        |          
|                                      | Preferred stock, no par value; 1,000,000 shares authorized, |                                                                       |           |        |           |                                       
|                                      |                                                             | -0- and -0- shares issued and outstanding, respectively               |           |       |           |                                      
|                                      | Common stock, no par value; 50,000,000 shares authorized,   |                                                                       |           |        |           |                                       
|                                      |                                                             | 12,012,600 and 12,012,600 shares issued and outstanding, respectively |           | 13,329 |           | 13,329                                
|                                      | Additional paid-in capital..                |                                                                       | 262,387   |        | 233,765  
|                                      | Deficit accumulated during the development stage...   |                                                                       | (403,702) |        | (353,105)
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |      
|                                      |                                                             |                                                                       |           |        |           | Total Shareholders Deficit. |              | (127,986)   |          | (106,011)                                  
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |      
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             | $        | 7,268                                       | $            | 7,575
|                                      |                                                             |                                                                       |           |        |           |                                        |              |             |          |                                             |              |      

See accompanying notes to condensed financial statements  3|   FOREVER VALUABLE COLLECTIBLES, INC. (A Development Stage Company) Condensed Statements of Operations (Unaudited)


|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |          |          |           |           | 
|------------------------------------------ | ----------------------- | ----------------------------------- | -------- | --------------------------------- | ---------------------------------------------------------- | ---------- | -------- | ---------- | -------- | -------- | -------- | --------- | --------- | 
|                                           |                         | For The Three Months Ended June 30, |          | For The Six Months
Ended June 30, | November 29,
2007     (Inception)    through      June 30,
|                                           |                         | 2012                                |          | 2011                              |                                                            | 2012       |          | 2011       |          | 2012    
|Revenue                                    | $                       |                                    | $        |                                  | $                                                          |           | $        | 500        | $        | 1,555   
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|Cost of Goods Sold                         |                         |                                    |          |                                  |                                                            |           |          | 350        |          | 1,200   
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|                                           |                         | Gross Margin                        |          |                                  |                                                            |           |          |           |          | 150      |          | 355      
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|Contributed rent and services (Note 2)     |                         | 14,311                              |          | 14,311                            |                                                            | 28,623     |          | 28,623     |          | 262,377 
|Selling, general and administrative        |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|                                           | expenses, related party |                                     |         |                                   |                                                           |            |         |            |         |          | 7,330   
|Selling, general and administrative        |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|                                           | expenses, other         |                                     | 5,942    |                                   | 6,201                                                      |            | 14,009   |            | 11,927   |          | 95,992  
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|                                           |                         | Operating loss                      |          | (20,253)                          |                                                            | (20,512)   |          | (42,632)   |          | (40,400) |          | (365,344)
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|Other income (expense):                    |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|                                           | Interest expense        |                                     | (3,632)  |                                   | (2,416)                                                    |            | (7,966)  |            | (6,610)  |          | (38,358)
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|                                           |                         | Loss before income taxes            |          | (23,885)                          |                                                            | (22,928)   |          | (50,598)   |          | (47,010) |          | (403,702)
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|Income taxes (Note 4):                     |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|                                           | Income tax provision    |                                     |         |                                   |                                                           |            |         |            |         |          |        
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|                                           |                         |                                     | Net loss | $                                 | (23,885)                                                   | $          | (22,928) | $          | (50,598) | $        | (47,010) | $         | (403,702)
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|Basic and diluted loss per share           | $                       | (0.00)*                             | $        | (0.00)*                           | $                                                          | (0.00)*    | $        | (0.00)*    |          |         
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         
|Weighted average common shares
Outstanding |                         | 12,012,600                          |          | 12,012,600                        |                                                            | 12,012,600 |          | 11,991,648 |          |         
|                                           |                         |                                     |          |                                   |                                                            |            |          |            |          |         

* Less than $.01 per share   See accompanying notes to condensed financial statements  4|





5|


FOREVER VALUABLE COLLECTIBLES, INC. (A Development Stage Company) Condensed Statement of Changes in Shareholders' Deficit (Unaudited)


|                     |                   |   |                 |   |              |   |            |   |        |   |                            |          |                                                  |          |          
|-------------------- | ----------------- | - | --------------- | - | ------------ | - | ---------- | - | ------ | - | -------------------------- | -------- | ------------------------------------------------ | -------- | ---------
|                     |                   |   |                 |   |              |   |            |   |        |   |                            |          | Deficit
Accumulated
During the
Development
Stage |          |          
|                     |                   |   |                 |   |              |   |            |   |        |   | Additional
Paid-in
Capital |          | Total                                           
|                     |                   |   |                 |   |              |   |            |   |        |   |                           
|                     |                   |   | Preferred Stock |   | Common Stock |   |           
|                     |                   |   | Shares          |   | Amount       |   | Shares     |   | Amount |   |                           
|Balance at           |                   |   |                 |   |              |   |            |   |        |   |                            |          |                                                  |         
|                     | December 31, 2011 |   |                | $ |             |   | 12,012,60  | $ | 13,329 | $ | 233,765                    | $        | (353,105)                                        | $        | (106,011)
|Contributed rent and |                   |   |                 |   |              |   |            |   |        |   |                            |          |                                                  |         
|                     | services          |   |                |   |             |   |           |   |       |   | 14,311                     |          |                                                 |          | 14,311   
|Net loss             |                   |  |                 |  |              |  |            |  |        |  |                            | (26,712) |                                                  | (26,712)
|Balance at           |                   |   |                 |   |              |   |            |   |        |   |                            |          |                                                  |         
|                     | March 31, 2012    |   |                | $ |             |   | 12,012,600 | $ | 13,329 | $ | 248,076                    | $        | (379,817)                                        | $        | (118,412)




|                     |               |   |   |   |   |   |            |   |        |   |         |          |           |          |          
|-------------------- | ------------- | - | - | - | - | - | ---------- | - | ------ | - | ------- | -------- | --------- | -------- | ---------
|Contributed rent and |               |   |   |   |   |   |            |   |        |   |         |          |           |         
|                     | services      |   |  |   |  |   |           |   |       |   | 14,311  |          |          |          | 14,311   
|Net loss             |               |  |   |  |   |  |            |  |        |  |         | (23,885) |           | (23,885)
|Balance at           |               |   |   |   |   |   |            |   |        |   |         |          |           |         
|                     | June 30, 2012 |   |  | $ |  |   | 12,012,600 | $ | 13,329 | $ | 262,387 | $        | (403,702) | $        | (127,986)

See accompanying notes to condensed financial statements


6|





|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         |                  |         |          |  |                  |  | 
|---------------------------------------------------------------------------------------------------------------- | --------------------------------------------- | ----------------------------- | -------------------------------------------- | ------ | ------------------------------ | ------ | ---------------------- | -------------------- | ------- | ---------------- | ------- | -------- |  | ---------------- |  | 
|FOREVER VALUABLE COLLECTIBLES, INC.
(A Development Stage Company)
Condensed Statements of Cash Flows (Unaudited)
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         |                  |         |          |  | November 29,    
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         |                  |         |          |  | 2007( Inception)
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         | Six Months Ended |         | through 
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         | June 30,         |         | June 30,
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         | 2012             |         | 2011     |  | 2012            
|Cash flows from operating activities:                                                                            |                                               |                               |                                              |        |                                |       
|                                                                                                                 | Net loss                                      | $                             | (50,597)                                     | $      | (47,010)                       | $      | (403,702)             
|                                                                                                                 | Adjustments to reconcile net loss to net cash |                               |                                              |        |                                |        |                       
|                                                                                                                 |                                               | used by operating activities: |                                              |        |                                |        |                        |                     
|                                                                                                                 |                                               | Share-based payment           |                                              |       |                                | 4,000  |                        | 12,329              
|                                                                                                                 |                                               | Contributed services (Note 2) |                                              | 24,000 |                                | 24,000 |                        | 220,000             
|                                                                                                                 |                                               | Contributed rent (Note 2)     |                                              | 4,623  |                                | 4,623  |                        | 42,387              
|                                                                                                                 |                                               |                               | Changes in operating assets and liabilities: |        |                                |        |                        |                      |        
|                                                                                                                 |                                               |                               |                                              |        | Inventory                      |        |                       |                      | (4,200) |                  | (7,384)
|                                                                                                                 |                                               |                               |                                              |        | Accounts payable               |        | 5,866                  |                      | 4,096   |                  | 34,153 
|                                                                                                                 |                                               |                               |                                              |        | Accrued interest related party |        | 7,051                  |                      | 4,618   |                  | 31,403 
|                                                                                                                 |                                               |                               |                                              |        |                                |        | Net cash used in       |                      |         |                  |         |          | 
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        | operating activities |         | (9,057)          |         | (9,873)  |  | (70,814)        
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         |                  |         |          |  |                 
|Cash flows from financing activities:                                                                            |                                               |                               |                                              |        |                                |       
|                                                                                                                 | Proceeds from issuance of related party notes |                               | 8,750                                        |        | 10,000                         |        | 69,698                
|                                                                                                                 | Proceeds from issuance of common              |                               |                                              |        |                                |        |                       
|                                                                                                                 |                                               | stock, net of issuance costs  |                                              |       |                                |       |                        | 1,000               
|                                                                                                                 |                                               |                               |                                              |        |                                |        | Net cash provided by   |                      |         |                  |         |          | 
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        | financing activities |         | 8,750            |         | 10,000   |  | 70,698          
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         |                  |         |          |  |                 
|                                                                                                                 |                                               |                               |                                              |        |                                |        | Net change in cash and |                      |         |                  |         |          | 
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        | cash equivalents     |         | (307)            |         | 127      |  | (116)           
|Cash and cash equivalents:                                                                                       |                                               |                               |                                              |        |                                |       
|                                                                                                                 | Beginning of period                           |                               | 191                                          |        | 519                            |        |                      
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         |                  |         |          |  |                 
|                                                                                                                 | End of period                                 | $                             | (116)                                        | $      | 646                            | $      | (116)                 
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         |                  |         |          |  |                 
|Supplemental disclosure of cash flow information:                                                                |                                               |                               |                                              |        |                                |       
|                                                                                                                 | Cash paid during the period for:              |                               |                                              |        |                                |        |                       
|                                                                                                                 |                                               | Income taxes                  | $                                            |       | $                              |       | $                      |                    
|                                                                                                                 |                                               | Interest                      | $                                            |       | $                              |       | $                      |                    
|                                                                                                                 |                                               |                               |                                              |        |                                |        |                        |                      |         |                  |         |          |  |                 
|Non-cash financing activities:                                                                                   |                                               |                               |                                              |        |                                |       
|                                                                                                                 | Shares issued as payment for related party    |                               |                                              |        |                                |        |                       
|                                                                                                                 |                                               | accounts payable (Note 3)     | $                                            |       | $                              |       | $                      | 5,118               
|                                                                                                                 | Shares issued for property                    | $                             |                                             | $      |                               | $      | 3,211                 

See accompanying notes to condensed financial statements


7|


FOREVER VALUABLE COLLECTIBLES, INC. (A Development Stage Company) Notes to Condensed Unaudited Financial Statements  Note 1: Basis of Presentation and Going Concern The accompanying unaudited financial statements have been prepared from the records of the Company, in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). In the opinion of management, the accompanying unaudited financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position as of June 30, 2012, the results of operations for the three and six months ended June 30, 2012 and 2011, and cash flows for the six months ended June 30, 2012 and 2011 and the period from November 29, 2007 (Inception) through June 30, 2012. These financial statements should be read in conjunction with the audited financial statements and notes thereto contained in the Company's annual report on Form 10-K for the year ended December 31, 2011. There is no provision for dividends for the quarter to which this quarterly report relates. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  The results of operations for the three and six month periods ended June 30, 2012 are not necessarily indicative of the results to be expected for the full year ending December 31, 2012. We have a limited history of operations, limited assets, and an operating loss since Inception.  Our current burn rate is between $70,000 and $90,000 annually and we may incur additional operating losses in future periods.  In addition, there is no assurance that we will be able to access capital markets to raise funds sufficient to cover any future operating losses.  Our ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to locate customers who will use our memorabilia and collectibles services and our ability to generate sales revenues.  However, we have generated only limited revenues of $ 1,555 from our Inception and at June 30, 2012 we had a cash position of $ (116).  As a result, our auditors are uncertain about our ability to continue as a going concern.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.  (2)  Related Party Transactions  In November, 2007, an affiliated organization named A-Squared Holdings, Inc. (A-Squared) agreed to provide operating capital in the form of a loan of $200,000 to cover operating expenses. This loan is evidenced by an unsecured promissory note which was originally due November 29, 2008, extended by one year on November 29, 2009 and was again extended until November 29, 2015, and renews automatically each year on November 29 with a renewal fee calculated as 1.5% of the unpaid balance due on that date.  A second affiliate, X-Clearing  Corporation (X-Clearing) has also advanced working capital to us on an as-needed basis in exchange for promissory notes.  There is no assurance that these loans will continue in the future.  If we are unable to raise funds to cover any operating deficit after fiscal year ending December 31, 2015, our business may fail.   We generated minimal revenues during the period ended December 31, 2011, and management does not anticipate any significant revenues until the last quarter of 2012 as contemplated by our business plan.  Rent expense of $ 2,311 and $ 4,623 was recognized respectively during the three and six months and  ended June 30, 2012 and 2011 for contribution of office space by an affiliate.  The Board of Directors valued the contribution based on rent for similar space in the local area.  Our President and Director contributed her time and attendance during 2012 and 2011. We recognized $ 12,000 and $ 24,000 respectively for the three and six months ended June 30, 2012 and 2011, in contributed service expense.  The Board of Directors valued the contribution based on prevailing rates for similar services in the local area.


8|


During the year ended December 31, 2011 we elected to hire a new transfer agent for our securities, Island Stock Transfer Corp., whose address is 100 Second Avenue South Street, Suite 705S, Petersburg, FL 33701.  Prior to that, we incurred stock transfer agent fees to X-Pedited Transfer Corp. (X-Pedited), an affiliate, totaling $3,750 for the period ended December 31, 2010.  At December 31, 2011, the unpaid balance to X-Pedited was $3,488, including unpaid finance charges.  During the three months ended March 31, 2012, we incurred a $123 finance charge to X-Pedited that increased the outstanding balance to $3,612, which amount remained outstanding at June 30, 2012 and is included in the accompanying balance sheet as accounts payable, related parties.  During the year ended December 31, 2011, X-Clearing Corp., an affiliate, paid expenses on our behalf totaling $1,450. This amount remained outstanding at June 30, 2012 and is included in the accompanying balance sheet as accounts payable, related parties.  Since 2008, our affiliates, X-Clearing Corp. and A-Squared Holdings, Inc. have provided us cash to cover operating expenses pursuant to the terms of unsecured promissory notes. During the three and six months ended June 30, 2012, X-Clearing Corp. provided loan proceeds totaling $2,750 and $6,000 respectively.  As of June 30, 2012 and December 31, 2011, notes payable to related parties, consist of the following:


|                                                                                                                                                              |   |          |   |             
|------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | -------- | - | ------------
|                                                                                                                                                              |   | June 30, |   | December 31,
|                                                                                                                                                              |   | 2012     |   | 2011        
|Demand notes payable to affiliate A-Squared Holdings, Inc.
Issued between February 2008 and November 2011,
due on demand and not to exceed a maturity date of |   |         
|November 29, 2015, unsecured and bearing interest at 15%,                                                                                                     |   |         
|interest payable every 90 days                                                                                                                                | $ | 31,361   | $ | 31,361      
|                                                                                                                                                              |   |          |   |             
|Demand notes payable to affiliate X-Clearing issued between                                                                                                   |   |         
|January 2008 and June 2012, due on demand not to exceed a                                                                                                     |   |         
|maturity date of November 15, 2015, unsecured and bearing                                                                                                     |   |         
|interest at 15%, interest payable every 90 days                                                                                                               |   | 38,337   |   | 29,587      
|                                                                                                                                                              |   |          |   |             
|Total notes payable, related parties                                                                                                                          | $ | 69,698   | $ | 60,948      

Interest is payable every 90 days, but no interest has been paid to date.  Accrued interest payable as of June 30, 2012 and December 31, 2011 was $ 31,403 and $ 24,351, respectively.


9|


(3)  Shareholders deficit  The status of our outstanding warrant is as follows:


|                                 |   |           |               |           |  |                  |  |           |   |  | 
|-------------------------------- | - | --------- | ------------- | --------- |  | ---------------- |  | --------- | - |  | 
|                                 |   |           |               | Weighted  |  | Weighted Avg.    |  | Aggregate
|                                 |   | Number of | Avg. Exercise | Remaining |  | Intrinsic       
|                                 |   | Shares    |               | Price     |  | Contractual Term |  | Value    
|Outstanding at December 31, 2011 | $ | 200,000   | $             | 0.001     |  | 0.9 years        |  |           |  
|Granted                          |   |          |               |          |  |                  |  |           |  
|Exercised                        |   |          |               |          |  |                  |  |           |  
|Cancelled                        |   |          |               |          |  |                  |  |           |  
|Outstanding at June 30, 2012     |   | 200,000   |               | 0.001     |  | 0.3 years        |  | $         | 
|                                 |   |           |               |           |  |                  |  |           |  
|Exercisable at December 31, 2011 | $ | 200,000   | $             | 0.001     |  |                  |  | $         | 
|Exercisable at June 30, 2012     | $ | 200,000   | $             | 0.001     |  |                  |  | $         | 

(4)  Income taxes We have incurred net operating losses during all periods presented resulting in a deferred tax asset, which has been fully allowed for; therefore, the net benefit and expense resulted in no income tax provision.


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ITEM 2.  MANAGEMENTS DISCUSSION AND ANALYSIS AND PLAN OF OPERATION  The following discussion of our financial condition and results of operations should be read in conjunction with, and is qualified in its entirety by, the consolidated financial statements and notes thereto included in, Item 1 in this Quarterly Report on Form 10-Q. This item contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated in such forward-looking statements.  Forward-Looking Statements   This Quarterly Report on Form 10-Q and the documents incorporated herein by reference contain forward-looking statements that have been made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are based on current expectations, estimates, and projections about our industry, management beliefs, and certain assumptions made by our management.  Words such as anticipates, expects, intends, plans, believes, seeks, estimates, variations of such words, and similar expressions are intended to identify such forward-looking statements.  These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements.  Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.  However, readers should carefully review the risk factors set forth herein and in other reports and documents that we file from time to time with the Securities and Exchange Commission, particularly the Annual Reports on Form 10-K, Quarterly reports on Form 10-Q and any Current Reports on Form 8-K.  Overview and History  Forever Valuable is a corporation which was formed under the laws of the State of Colorado on November 29, 2007.  We were a wholly-owned subsidiary of Fincor, Inc. (Fincor) until August 13, 2008.  On December 5, 2007, the directors of Fincor approved, subject to the effectiveness of a registration with the Securities and Exchange Commission, a spin-off to Fincor shareholders of record as of August 13, 2008 (the Record Date), on a pro rata basis, with one (1) Forever Valuable common share to be issued for each one (1) Fincor common share as of the Record Date. Since Fincors business is totally unrelated to the proposed activities of Forever Valuable, the Fincor directors decided it was in the best interest of both Fincor and Forever Valuable and Fincor's shareholders to spin-off Forever Valuable to better define the role of Fincor. The spin-off was completed in August, 2008.


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Our office is located at 535 16th Street, Suite 820, Denver, Colorado 80202. Our telephone number is (303) 573-1000.  We have not been subject to any bankruptcy, receivership or similar proceeding.  Results of Operations  Our activities have been primarily focused on organization as a development stage enterprise.  From Inception through June 30, 2012, revenues were $ 1,555.  Operating expenses, which are composed of selling, general and administrative expenses for the three months ended June 30, 2012, were $ 20,253 compared to $ 20,512 for the three months ended June 30, 2011. Operating expenses for the six months ended June 30, 2012 were $42,632 compared to $40,550 for the six months ended June 30, 2011 and $ 365,344 from inception through June 30, 2012. The major components of operating expenses include rent, transfer agent fees, marketing costs, and professional fees, which consist of legal and accounting costs.   As a result of the foregoing, we had a net loss before income taxes of $ 23,885 (less than $0.01 per share) for the three months ended June 30, 2012 compared to a net loss before income taxes of $ 22,928 (less than $0.01 per share) for the three months ended June 30, 2011.  We had a net loss before income taxes of $ 50,598 for the six months ended June 30, 2012 compared to $ 47,010 for the six months ended June 30, 2011 and $ 403,702 from Inception through June 30, 2012.  Our auditors have expressed doubt about our ability to continue as a going concern as a result of our continued net losses. Our ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to locate clients who will purchase our products and our ability to generate revenues.  We expect that we will need to raise additional funds if we decide to pursue more rapid expansion, the development of new or enhanced products, appropriate responses to competitive pressures, or the acquisition of complementary businesses or technologies, or if we must respond to unanticipated events that require us to make additional investments. We cannot assure that additional financing will be available when needed on favorable terms, or at all.  We may continue to incur operating losses in future periods because we will be incurring expenses and not generating sufficient revenues. We cannot guarantee that we will be successful in generating sufficient revenues or other funds in the future to cover these operating costs. Failure to generate sufficient revenues or additional financing when needed could cause us to go out of business.    Liquidity and Capital Resources  As of June 30, 2012, we had cash of $(116).


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Net cash used in operating activities was $ 9,057 for the six months ended June 30, 2012 compared to net cash used in operating activities of $ 9,873 for the six months ended June 30, 2011 and $ 70,814 from Inception through June 30, 2012.  Cash flows provided by financing activities were $ 8,750 for the six months ended June 30, 2012 compared to $ 10,000 the six months ended June 30, 2011 and $ 70,698 from Inception through June 30, 2012.  These cash flows were all related to borrowings from a related party and the sale of common stock.  We believe that we have sufficient capital available in the short term for our current level of operations. This is because we believe that we can attract sufficient product sales within our present organizational structure and resources to become profitable in our operations. We do not anticipate needing to raise additional capital resources in the next twelve months as we expect to be able to fully fund our activities from our unused credit facility.  Our principal source of liquidity will be our operations and our unused credit facility as discussed in Note 2 to the accompanying unaudited financial statements for the period ended June 30, 2012, We expect variation in revenues to account for the difference between a profit and a loss. Also business activity is closely tied to the economy of Denver and the U.S. economy. In any case, we try to operate with minimal overhead. Our primary activity will be to seek to develop sales. If we succeed in generating sufficient sales, we will become profitable. We cannot guarantee that this will ever occur. Our plan is to build our company in any manner which will be successful.   Critical Accounting Policies  We have identified the following policies below as critical to our business and results of operations. Our reported results are impacted by the application of the following accounting policies, certain of which require management to make subjective or complex judgments. These judgments involve making estimates about the effect of matters that are inherently uncertain and may significantly impact quarterly or annual results of operations. For all of these policies, management cautions that future events rarely develop exactly as expected, and the best estimates routinely require adjustment. Specific risks associated with these critical accounting policies are described in the following paragraphs.    Use of Estimates in the Preparation of Financial Statements  The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.


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Revenue Recognition  We had no revenue during the three and six months ended June 30, 2012.  Anticipated future operating revenue will represent product sales in connection with the accumulated level of acquired memorabilia and collectibles inventory.  Such revenues will be recorded as the memorabilia and collectibles are sold.  Plan of Operation for July 01, 2012 to December 31, 2012  Forever Valuable intends to continue its operations of the sales of a memorabilia and collectibles business. Our operating costs are expected to range between $70,000 and $90,000 for the fiscal year ending December 31, 2012.  These operating costs include insurance, taxes, utilities, maintenance and all other costs of operations.  However, the operating costs and expected revenue generation are difficult to predict.  In November, 2007, an affiliated organization named A-Squared Holdings, Inc. (A-Squared) agreed to provide operating capital in the form of a loan of $200,000 to cover operating expenses. This loan is evidenced by an unsecured promissory note which was originally due November 29, 2008, extended by one year on November 29, 2009 and was again extended until November 29, 2015, and renews automatically each year on November 29 with a renewal fee calculated as 1.5% of the unpaid balance due on that date.  A second affiliate, X-Clearing Corporation (X-Clearing) has also advanced working capital to us on an as-needed basis in exchange for promissory notes.  There is no assurance that these loans will continue in the future.  If we are unable to raise funds to cover any operating deficit after fiscal year ending December 31, 2015, our business may fail.   We have generated minimal revenues during the period ended December 31, 2011, and management does not anticipate any significant revenues until the last quarter of 2012 as contemplated by our business plan.  We expect to generate revenues in the next six months from memorabilia and collectibles operations using referrals from business contacts and unrelated individuals and other entities that operate in the memorabilia and collectibles business.  We purchased no additional inventory in the three and six months ended June 30, 2012, though we will continue to purchase appropriate inventory.  Initially, we have and will continue to sell our inventory on a cash-only basis. At some point within the next six months of our operations, we plan to begin accepting credit cards. We will continue to attend at least one trade show per month to increase the level of our inventory.  We also plan to purchase a table and display system to set up at major trade shows.  We anticipate this will allow us to make sales as follows:  1.  To business contacts made at trade shows attended,  2.  Collectors contacted at the trade shows.  We also plan to increase our sales in the next six months by establishing a website and utilizing EBAY, the internet powerhouse for selling memorabilia and collectible items online. The site will be a virtual store, where prospective buyers can see a list of the available merchandise and view pictures of the more expensive items.  Only items that have been purchased at an acceptable wholesale price will be offered.  Following activation of the company website, we will promote the website with ads in all hobby publications and when selling auction lots on EBAY.  We will send e-mail notices to our extensive mailing list promoting the website.  Seasonality  We expect that our business will be seasonal with most revenue generated in the latter half of the calendar year.


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ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.  The Company is not required to provide the information required by this Item because the Company is a smaller reporting company.  ITEM 4. CONTROLS AND PROCEDURES  As of the end of the period covered by this report, based on an evaluation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), our Chief Executive Officer has concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the applicable time periods specified by the SECs rules and forms.  There were no changes in our internal controls over financial reporting that occurred during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.  This report does not include an attestation report of the companys registered public accounting firm regarding internal control over financial reporting. Managements report was not subject to attestation by our independent registered accounting firm pursuant to temporary rules of the SEC that permits us to provide only managements report in this quarterly report on Form 10-Q.  PART II.  OTHER INFORMATION  ITEM 1.  LEGAL PROCEEDINGS  There are no legal proceedings, to which we are a party, which could have a material adverse effect on our business, financial condition or operating results. ITEM 1A.  RISK FACTORS  The Company is not required to provide the information required by this Item because the Company is a smaller reporting company.


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ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. None   ITEM 3.  DEFAULTS UPON SENIOR SECURITIES None   ITEM 4.  MINE SAFETY DISCLOSURES Not applicable.   ITEM 5.  OTHER INFORMATION  None.   ITEM 6.  EXHIBITS  Exhibit No.Description31.1Certification of CEO/CFO pursuant to Sec 30232.1Certification of CEO/CFO pursuant to Sec 906  Reports on Form 8-K  We filed a Form 8K on June 4, 2012 which was the only Form 8K filing for the fiscal quarter ended June 30, 2012.  SIGNATURES  Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on August 14, 2012. FOREVER VALUABLE COLLECTIBLES, INC.By:/s/ Jodi StevensJodi Stevens


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