SECURITIES AND EXCHANGE
COMMISSION


Washington,
D.C. 20549





FORM
10-Q





[x]
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES
EXCHANGE ACT OF 1934




For the Quarterly period
ended   September
30, 2008




[]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES
EXCHANGE ACT OF 1934





Commission
File No. 000-53377





FOREVER VALUABLE
COLLECTIBLES, INC.


(Exact
Name of Registrant as specified in its charter)





Colorado
            41-2230041(State
      or other jurisdiction
            (IRS
      Employer File Number)of
      incorporation)





535
      16th Street, Suite
      810Denver,
      CO
            80202(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
[X]    No [ ]





The number of shares outstanding of the
Registrant's common stock, as of the latest practicable date, November 1,
2008, was 11,920,600.











FORM
10-Q





Forever
Valuable Collectibles, Inc.





TABLE OF
CONTENTS








PagePART
      I  FINANCIAL INFORMATIONItem 1. Financial Statements for the period ended September 30,
      2008
            3Item 2. Management’s Discussion and Analysis and Plan of
      Operation
            12Item 3. Quantitative and Qualitative Disclosures About Market
      Risk
            16Item 4 Controls and Procedures
            16Item
      4T. Controls and Procedures
            16PART
      II  OTHER INFORMATIONItem
      1. Legal Proceedings
            17Item
      1A.  Risk Factors
            17Item 2. Unregistered Sales of Equity Securities and Use of
      Proceeds
            22Item
      3. Defaults Upon Senior Securities
            22Item
      4. Submission of Matters to a Vote of Security Holders
            22Item
      5. Other Information
            22Item
      6. Exhibits
            23Signatures
            23




-
2 -





PART
I  FINANCIAL INFORMATION





For
purposes of this document, unless otherwise indicated or the context otherwise
requires, all references herein to “Forever Valuable,” “we,” “us,” and “our,”
refer to Forever Valuable Collectibles, Inc., a Colorado corporation.




ITEM
1.  FINANCIAL STATEMENTS











FOREVER
VALUABLE COLLECTIBLES, INC.


(A
Development Stage Company)


Index
to Financial Statements








PageCondensed
      Balance Sheets at September 30, 2008 and December 31, 2007
            4Condensed
      Statements of Operations for the three monthsended
      September 30, 2008 and 2007, the nine months endedSeptember
      30, 2008 and 2007, and November 29, 2007 (inception)through
      September 30, 2008
            5Statement
      of Changes in Shareholders' Deficit for the periodfrom
      November 29, 2007 through September 30, 2008
            6Condensed
      Statements of Cash Flows for the nine monthsended
      September 30, 2008 and 2007 and November 29, 2007
    (inception)through
      September 30, 2008
            7Notes
      to Condensed Financial Statements
            8







-
3 -







FOREVER
VALUABLE COLLECTIBLES, INC.


(A
Development Stage Company)


Condensed
Balance Sheets


(Unaudited)








September
      30,
            
            
            December
      31,2008
            
            
            2007Note
      1AssetsCurrent
      assets:Cash
            
            $
            439
            
            
            $
            1,000Merchandise
      inventory, at cost
            
            
            3,985
            
            
            
            3,211$
            4,424
            
            
            $
            4,211Liabilities
      and Shareholders’ DeficitCurrent
      liabilities:Accounts
      payable and accrued liabilities
            
            $
            6,499
            
            
            $
            7,500Notes
      payable, related parties (Note 2)
            
            
            16,550
            
            
            
            —Accrued
      interest payable, related parties
            
            
            1,359
            
            
            
            —Total
      liabilities
            
            
            24,408
            
            
            
            7,500Shareholders’
      deficit:Preferred
      stock
            
            
            —
            
            
            
            —Common stock
            
            
            4,211
            
            
            
            4,211Additional
      paid-in capital
            
            
            47,715
            
            
            
            4,781Deficit
      accumulated during the development stage
            
            
            (71,910
            )
            
            
            (12,281
            )Total
      shareholder’s deficit
            
            
            (19,984
            )
            
            
            (3,289
            )$
            4,424
            
            
            $
            4,211




See
accompanying notes to financial statements





-
4 -





FOREVER
VALUABLE COLLECTIBLES, INC.


(A
Development Stage Company)


Condensed
Statements of Operations


(Unaudited)








November
      29,2007
      (Inception)Three
      Months Ended
            
            
            Nine
      Months Ended
            
            
            throughSeptember
      30,
            
            
            September
      30,
            
            
            September
      30,2008
            
            
            2007
            
            
            2008
            
            
            2007
            
            
            2008Net
      sales and gross revenue
            
            $
            —
            
            
            $
            —
            
            
            $
            —
            
            
            $
            —
            
            
            $
            —Selling,
      general and administrative expenses
            
            
            22,696
            
            
            
            —
            
            
            
            58,270
            
            
            
            —
            
            
            
            70,551Operating
      loss
            
            
            (22,696
            )
            
            
            —
            
            
            
            (58,270
            )
            
            
            —
            
            
            
            (70,551
            )Other
      income (expense):Interest
      expense
            
            
            (678
            )
            
            
            —
            
            
            
            (1,359
            )
            
            
            —
            
            
            
            (1,359
            )(23,374
            )
            
            
            —
            
            
            
            (59,629
            )
            
            
            —
            
            
            
            (71,910
            )Income
      taxes (Note 4)Income
      tax provision
            
            
            —
            
            
            
            —
            
            
            
            —
            
            
            
            —
            
            
            
            —Net
      loss
            
            $
            (23,374
            )
            
            $
            —
            
            
            $
            (59,629
            )
            
            $
            —
            
            
            $
            (71,910
            )Basic
      and diluted loss per share
            
            $
            (0.00
            )
            
            $
            —
            
            
            $
            (0.01
            )
            
            $
            —
            
            
            $
            (0.01
            )Weighted
      average common shares outstanding
            
            
            11,920,600
            
            
            
            —
            
            
            
            11,920,600
            
            
            
            —
            
            
            
            11,920,600




See
accompanying notes to financial statements





-
5 -




FOREVER
VALUABLE COLLECTIBLES, INC.


(A
Development Stage Company)


Statement
of Changes in Shareholders' Deficit







DeficitAccumulatedAdditional
              
              
              During
      thePreferred
      Stock
              
              
              Common
      Stock
              
              
              Paid-in
              
              
              DevelopmentShares
              
              
              Amount
              
              
              Shares
              
              
              Amount
              
              
              Capital
              
              
              Stage
              
              
              TotalBalance
      atNovember
      29, 2007
              
              
              —
              
              
              $
              —
              
              
              
              —
              
              
              $
              —
              
              
              $
              —
              
              
              $
              —
              
              
              $
              —Issuance
      of common stockfor
      cash and property(Note
      3)
              
              
              —
              
              
              
              —
              
              
              
              11,920,600
              
              
              
              4,211
              
              
              
              —
              
              
              
              —
              
              
              
              4,211Contributed
      services(Note
      2)
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              4,771
              
              
              
              —
              
              
              
              4,771Issuance
      of warrant toA-Squared
      Holdings, Inc.(Note
      3)
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              10
              
              
              
              —
              
              
              
              10Net
      loss
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              (12,281
              )
              
              
              (12,281
              )Balance
      atDecember
      31, 2007
              
              
              —
              
              
              $
              —
              
              
              
              11,920,600
              
              
              $
              4,211
              
              
              $
              4,781
              
              
              $
              (12,281
              )
              
              $
              (3,289
              )Contributed
      services(Note
      2)
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              42,934
              
              
              
              —
              
              
              
              42,934Net
      loss
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              —
              
              
              
              (59,629
              )
              
              
              (59,629
              )Balance
      atSeptember
      30, 2008
              
              
              —
              
              
              $
              —
              
              
              
              11,920,600
              
              
              $
              4,211
              
              
              $
              47,715
              
              
              $
              (71,910
              )
              
              $
              (19,984
              )


See
accompanying notes to financial statements





-
6 -




FOREVER
VALUABLE COLLECTIBLES, INC.
 (A
Development Stage Company)
 Condensed
Statements of Cash Flows
 (Unaudited)





November
      29,2007
      (Inception)Nine
      Months Ended
            
            
            throughSeptember
      30,
            
            
            September
      30,2008
            
            
            2007
            
            
            2008Cash
      flows from operating activities:Net
      income/loss
            
            $
            (59,629
            )
            
            $
            —
            
            
            $
            (71,910
            )Adjustments
      to reconcile net loss to net cashused
      by operating activities:Share-based
      payment (Note 3)
            
            
            —
            
            
            
            —
            
            
            
            10Contributed
      services (Note 2)
            
            
            36,000
            
            
            
            —
            
            
            
            40,000Contributed
      rent (Note 2)
            
            
            6,934
            
            
            
            —
            
            
            
            7,705Changes
      in operating assets and liabilities:Inventory
            
            
            (774
            )
            
            
            —
            
            
            
            (774
            )Accounts
      payable
            
            
            (1,001
            )
            
            
            —
            
            
            
            6,499Accrued
      interest related party
            
            
            1,359
            
            
            
            —
            
            
            
            1,359Net
      cash used inoperating
      activities
            
            
            (17,111
            )
            
            
            —
            
            
            
            (17,111
            )Cash
      flows from financing activities:Proceeds
      from issuance of related party notes
            
            
            16,550
            
            
            
            —
            
            
            
            16,550Proceeds
      from issuance of commonstock,
      net of issuance costs
            
            
            —
            
            
            
            —
            
            
            
            1,000Net
      cash provided byfinancing
      activities
            
            
            16,550
            
            
            
            —
            
            
            
            17,550Net
      change in cash andcash
      equivalents
            
            
            (561
            )
            
            
            —
            
            
            
            439Cash
      and cash equivalents:Beginning
      of period
            
            
            1,000
            
            
            
            —
            
            
            
            —End of period
            
            $
            439
            
            
            $
            —
            
            
            $
            439Supplemental
      disclosure of cash flow information:Cash
      paid during the period for:Income
      taxes
            
            $
            —
            
            
            $
            —
            
            
            $
            —Interest
            
            $
            —
            
            
            $
            —
            
            
            $
            —Non-cash
      financing activities:Shares
      issued for property (Note 2)
            
            $
            —
            
            
            $
            —
            
            
            $
            3,211




See
accompanying notes to financial statements


-
7 -





FOREVER
VALUABLE COLLECTIBLES, INC.


(A
Development Stage Company)


Notes
to 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 September 30, 2008, the results of
operations for the three and nine months ended September 30, 2008 and 2007, and
cash flows for the nine months ended September 30, 2008 and 2007 and the period
from November 29, 2007 (inception) through September 30, 2008. 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, 2007.
 
 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 nine-month period ended September 30, 2008 are not
necessarily indicative of the results to be expected for the full year ending
December 31, 2008.
 
 Certain
amounts in prior periods have been reclassified to conform to current period’s
presentation.
  We have a
limited history of operations, limited assets, and an operating loss since
inception.  Our current burn rate is between $30,000 and $50,000
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 not generated revenues from our inception
and at September 30, 2008, we had a cash position of $ 439.
 
 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.
 
 New
Accounting Standards
 
 In
September 2006, the FASB issued Statement No. 157, “Fair Value Measurements”
(“SFAS No. 157”). SFAS No. 157 addresses how companies should measure fair value
when they are required to use a fair value measure for recognition or disclosure
purposes under GAAP. SFAS No. 157 defines fair value, establishes a framework
for measuring fair value and expands the required disclosures about fair value
measurements. SFAS No. 157 is effective for fiscal years beginning after
November 15, 2007, with earlier adoption permitted. Management believes adoption
of SFAS No. 157 will not have a material impact on the Company’s financial
statements.


-
8 -





FOREVER
VALUABLE COLLECTIBLES, INC.


(A
Development Stage Company)


Notes
to Unaudited Financial Statements








In
September 2006, the SEC issued Staff Accounting Bulletin No. 108,
Considering the Effects of
Prior Year Misstatements when Quantifying Misstatements in Current Year
Financial Statements, or SAB No. 108.  SAB No. 108
addresses how the effects of prior year uncorrected misstatements should be
considered when quantifying misstatements in current year financial statements.
SAB No. 108 requires companies to quantify misstatements using a balance sheet
and income statement approach and to evaluate whether either approach results in
quantifying an error that is material in light of relevant quantitative and
qualitative factors. When the effect of initial adoption is material, companies
will record the effect as a cumulative effect adjustment to beginning of year
retained earnings and disclose the nature and amount of each individual error
being corrected in the cumulative adjustment. The adoption of SAB No. 108 did
not have a material impact on the Company’s financial statements.
 
 In
February 2007, the FASB issued Statement No. 159, “The Fair Value Option for
Financial Assets and Financial Liabilities” (“SFAS No. 159”), an amendment of
FASB Statement No. 115. SFAS No. 159 addresses how companies should measure many
financial instruments and certain other items at fair value. The objective is to
mitigate volatility in reported earnings caused by measuring related assets and
liabilities differently without having to apply complex hedge accounting
provisions. SFAS No. 159 is effective for fiscal years beginning after November
15, 2007, with earlier adoption permitted. The adoption of SFAS No. 159 did not
have a material impact on the Company’s financial statements.
 
 (2)  Related Party
Transactions
 
 An
affiliate contributed office space to us during the period from November 29,
2007 through September 30, 2008.  We recognized $6,934 for the period
from January 1, 2008 to September 30, 2008, and $771 for the period from
November 29, 2007 to December 31, 2007, in rent expense.  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 the period
from November 29, 2007 through September 30, 2008.  We recognized
$36,000 for the period from January 1, 2008 to September 30, 2008, and $4,000
for the period from November 29, 2007 through December 31, 2007, in contributed
services expense.  The Board of Directors valued the contribution
based on prevailing rates for similar services in the local area.
 
 During
the quarter ended September 30, 2008, our affiliate, Fincor, Inc. provided us
cash to cover operating expenses pursuant to the terms of unsecured promissory
notes.  (See Note 1)
 
 As of
September 30, 2008, notes payable, related parties, consist of the
following:


-
9 -





FOREVER
VALUABLE COLLECTIBLES, INC.


(A
Development Stage Company)


Notes
to Unaudited Financial Statements










September
      30,
            
            
            December
      31,2008
            
            
            2007Demand
      note payable to affilliate A-Squared Holdings, Inc. February 29, 2008, due
      on November 29, 2008, unsecured and bearing interest at 15%, interest
      payable every 90 days
            
            $
            5,000
            
            
            $
            -Demand
      note payable to affilliate Fincor, Inc,February 11, 2008, due on November
      29, 2008,unsecured and bearing interest at 15%, interest payable every 90
      days
            
            
            11,550
            
            
            
            -Total
      notes payable, related parties
            
            $
            16,550
            
            
            $
            -





Interest
expense accrued during the three months and nine months ended September 30, 2008
was $678 and $1,359, respectively.
 
 During
the period from January 1, 2008 to September 30, 2008 we acquired additional
inventory at cost valued at $774. In November 2007, we acquired inventory valued
at $3,211 from Fincor. We valued the inventory at Fincor’s book value or
“predecessor cost.”
 
 (3)  Shareholders’
deficit
 
 The
status of our outstanding warrant is as follows:
 Weighted
              
              Weighted
      Avg.
              
              AggregateNumber
      of
              
              
              Avg.
      Exercise
              
              Remaining
              
              IntrinsicShares
              
              
              Price
              
              Contractual
      Term
              
              ValueOutstanding
      at December 31, 2007
              
              $
              200,000
              
              
              $
              0.001
              
              4.9
      yearsGranted
              
              
              —
              
              
              
              —Exercised
              
              
              —
              
              
              
              —Cancelled
              
              
              —
              
              
              
              —Outstanding
      at September 30, 2008
              
              
              200,000
              
              
              
              0.001
              
              4.6
      yearsExercisable
      at December 31, 2007
              
              $
              200,000
              
              
              $
              0.001
              
              
              
              —Exercisable
      at September 30, 2008
              
              $
              200,000
              
              
              $
              0.001
              
              
              
              —




(4)Income taxes





A
reconciliation of the U.S. statutory federal income tax rate to the effective
tax rate at September 30, 2008, is as follows:





-
10 -





FOREVER
VALUABLE COLLECTIBLES, INC.


(A
Development Stage Company)


Notes
to Unaudited Financial Statements







September
      30,
            
            
            December
      31,2008
            
            
            2007U.S.
      federal statutory graduated rate
            
            
            15.00
            %
            
            
            15.00
            %State
      income tax rate,net
      of federal benefit
            
            
            3.94
            %
            
            
            5.32
            %Permanent
      differences
            
            
            -8.89
            %
            
            
            -7.89
            %Net
      operating loss for which no taxbenefit
      is currently available
            
            
            -10.05
            %
            
            
            -12.43
            %0.00
            %
            
            
            0.00
            %








(5)  Commitments and
contingencies
 
 Credit
facilities
 We
have a $200,000 line of credit from A-Squared Holdings, Inc. (“A-Squared”) to
cover operating expenses. Interest is at 15 percent, payable
quarterly.  The line of credit matures in November 2009, however,
A-Squared may, at its option, extend the facility for one-year in consideration
of a renewal fee equal to 1.5% of the then outstanding principal balance due.
The unused portion of the credit facility at September 30, 2008 was
$195,000.


-
11 -





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 Report on Form 10-SB, and Annual Reports on Form
10-KSB, 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 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.





Our
office is located at 535 16th Street, Suite 810, 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 September 30, 2008, revenues were $-0-.





Operating
expenses, which are composed of selling, general and administrative expenses for
the three months ended September 30, 2008 were $22,696 compared to $58,270 for
the nine months ended September 30, 2008, and $70,551 from inception through
September 30, 2008 The major components of operating expenses include rent,
marketing costs, professional fees, which consist of legal and accounting
costs, and telephone expenses.





-
12 -




As a
result of the foregoing, we had a net loss of $23,374 ($0.00 per share) for the
three months ended September 30, 2008 compared to a net loss of $59,629 ($0.01
per share) for the nine months ended September 30, 2008, and $ 71,910 from
inception through September 30, 2008 ($0.01 per share).





For the
fiscal year ended 2007 our accountants 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.





On the
other hand, we may choose to scale back our operations to operate at break-even
with a smaller level of business activity, while adjusting our overhead to meet
the revenue from current operations. In addition, 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
September 30, 2008, we had cash or cash equivalents of $ 439.





Net cash
used for operating activities was $17,111 for the nine months ended September
30, 2008 compared net cash used for operating activities of $17,111 from
inception through September 30, 2008.





Cash
flows provided by financing activities were $16,550 for the nine months ended
September 30, 2008 compared to $17,550 from inception through September 30,
2008. 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 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.





Our
principal source of liquidity will be our operations. 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.




-
13 -





Critical
Accounting Policies




We have identified the
following policies below as critical to our business and results of operations.
For further discussion on the application of these and other accounting
policies, see Note 1 to the accompanying audited financial statements for the
period ended December 31, 2007, included elsewhere in this Prospectus. 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.




Revenue
Recognition




We
have had no revenue during the period ended September 30, 2008. Anticipated
future operating revenue will represent product sales in connection owning and
operating a memorabilia and collectibles business. Such revenues will be
recorded as the memorabilia and collectibles are sold.




Plan
of Operation for December 31, 2007 to December 31, 2008.




Forever
Valuable intends to own and operate a memorabilia and collectibles business. Our
operating costs are expected to range between $30,000 and $50,000 for the fiscal
year ending December 31, 2008. These operating costs include insurance, taxes,
utilities, maintenance, contract services and all other costs of operations.
However, the operating costs and expected revenue generation are difficult to
predict. We expect to generate revenues in the next twelve months from
memorabilia and collectibles operations using referrals from Fincor and
unrelated individuals and entities that operate in the memorabilia and
collectibles business. Since there can be no assurances that revenues will be
sufficient to cover operating costs for the foreseeable future, it may be
necessary to raise additional funds. Due to our lack of operating history,
raising additional funds may be difficult. In November, 2007, an organization
named 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 is due November 29, 2008, with a possible extension ending
November 29, 2009. If we are unable to raise funds to cover any operating
deficit after fiscal year ending December 31, 2009, our business may
fail.




We generated
no revenues during the period ended December 31, 2007, and management does not
anticipate any revenues until March, 2009 as contemplated by our business
plan.




We have
minimal inventory which we acquired from affiliates. We anticipate implementing
the following business plan for our first twelve months:





-
14 -








In the first month,
we will concentrate on the purchase of inventory.  The new inventory
will consist primarily of sports collectibles and will be obtained in the
following ways:





1.
Developing business contacts.





2.
Setting up a table at major sports collectibles trade show in the Midwest and
West.  We plan to purchase inventory brought into the show by
collectors who want to sell.





3. Making
a buying trip.  Prior to the trip, a small ad will be placed in the
local newspaper to notify collectors of the location and times when they can
bring their collectibles to be purchased.




In the
second month, we will continue to purchase appropriate
inventory.  Initially, we will sell our inventory on a cash-only
basis. At some point within the first twelve months of our operations, we will
begin accepting credit cards. We plan additional buying trips.  We
plan to again purchase a table and set up at major trade shows.




In the
third month we plan to begin selling the inventory accumulated during the
preceding two months.  The sales will be made in the following
ways.





1. 
To business contacts made at trade shows attended in the prior two
months





2. 
Collectors contacted at the trade shows.





3. 
Using Ebay. Only items that have been purchased at an acceptable wholesale price
will be offered.




In the
fourth month, we plan to continue to sell inventory.  Begin to spend
money made on the sale of inventory to acquire new inventory.  The new
inventory will be acquired by attending at least one large trade show, by
contacting private collectors, and through other sports collectibles business
contacts.  Continue to sell by advertising in hobby publications and
by selling at all trade shows attended.





In the
fifth month, we will begin plans to hold a live public auction during month
seven.  The auction will be held in Denver and be run by a licensed,
third party auctioneer, who we will hire.  We will continue buying and
selling inventory.





In the
sixth month, we will continue planning the public auction.  In this
month, we anticipate taking additional buying trips and attending at least one
major trade show.  We will continue buying and selling
inventory.





We plan
to hold the public auction in the seventh month. We will keep the list of all
attendees and add them to our mailing list.  We will begin to plan a
direct mail sale targeted to our mailing list.  We will continue to
attend at least one trade show per month and buying and selling
inventory.





In the
eight month, we plan to attend another trade show and to make one buying trip.
In this month, we plan to begin to put together a direct sales email campaign to
send out to our mailing list.  New customers will always be solicited
at each trade show attended.





In the
ninth month, we plan to send out the email sales offering.  If sales
and profits justify, we will begin interviewing possible additions to
staff.  We will continue to attend at least one trade show per month
and buying and selling inventory.





-
15 -




In the
tenth month and eleventh month, we will develop a company
website.  The site would be a virtual store, where prospective buyers
can see a list of available merchandise and view pictures of the more expensive
items.  We will continue to buy and sell inventory.





We plan
to activate the company website in the twelfth month.  We will promote
the website in all hobby publication ads and when selling auction lots on
Ebay.  We will send emails to our mailing list promoting the
website.  Continue attending trade shows and plan one buying
trip.





We
anticipate developing our plan for the first twelve months using a combination
of our loan from A-Squared and the cash flow generated from sales.





Seasonality




We
expect that our business will be seasonal with most revenue generated in the
latter half of the calendar year. However, with our startup phase, we do not
anticipate any material revenue until June, 2008.




ITEM
3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK.





None.





ITEM
4. CONTROLS AND PROCEDURES





Not applicable





ITEM
4T. 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
15(d)-15(e) under the Exchange Act), our Chief Executive Officer and the Chief
Financial 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. Identified
in connection with the evaluation required by paragraph (d) of Rule 240.13a-15
or Rule 240.15d-15 of this chapter that occurred during the registrant’s last
fiscal quarter that has materially affected, or is reasonably likely to
materially affect, the registrant’s internal control over financial
reporting.





-
16 -





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




You
should carefully consider the risks and uncertainties described below; and all
of the other information included in this document. Any of the following risks
could materially adversely affect our business, financial condition or operating
results and could negatively impact the value of your investment.




The occurrence of any of the
following risks could materially and adversely affect our business, financial
condition and operating result. In this case, the trading price of our common
stock could decline and you might lose all or part of your
investment.





If
we do not generate adequate revenues to finance our operations, our business may
fail.





On September 30, 2008, we had a cash position of $ 439. We had a net loss from
inception (November 29, 2007) through September 30, 2008 of $71,910. Operating
costs are expected to range between $30,000 and $50,000, for the fiscal year
ending December 31, 2008. These operating costs include insurance, taxes,
utilities, maintenance, contract services and all other costs of operations. We
will use contract employees who will be paid on a per transaction basis for
selling our products. However, the operating costs and expected revenue
generation are difficult to predict. We expect to generate revenues in the next
twelve months from operations using referrals from Fincor, Inc., our former
parent company, and unrelated individuals and entities that operate in the
memorabilia and collectibles business. Since there can be no assurances that
revenues will be sufficient to cover operating costs for the foreseeable future,
it may be necessary to raise additional funds. Due to our lack of operating
history, raising additional funds may be difficult. In November, 2007, an
organization named 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 is due November 29, 2008, with a possible
extension ending November 29, 2009. If we are unable to raise funds to cover any
operating deficit after fiscal year ending December 31, 2009, our business may
fail.




Because
we had incurred a loss and have no history of operations, our accountants
have expressed doubts about our ability to continue as a going
concern.





For
the fiscal period ended December 31, 2007, our accountants have expressed doubt
about our ability to continue as a going concern as a result of lack of history
of operations, limited assets, and operating losses since inception. 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 revenues.





Based
upon current plans, we expect to incur operating losses in future periods
because we will be incurring expenses and not generating sufficient
revenues. We expect our operating costs to range between $30,000 and
$50,000 for the fiscal year ending December 31, 2007. 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 will cause us to go out of business.








-
17 -





Our
success will depend upon our ability to develop relationships with key
collectible vendors. If we cannot develop sufficient relationships, we may never
become profitable.





Our performance depends, in
large part, on our ability to purchase contemporary
collectibles merchandise in sufficient quantities at competitive
prices. We have no long-term purchase contracts or other contractual assurances
of supply, pricing or access to new products. Because customers of collectibles
merchandise often collect specific product lines, our inability to obtain
collectibles merchandise from a particular vendor could have a material adverse
effect on our financial condition and results of operations. Moreover, there can
be no assurance that vendors will continue to manufacture desirable collectibles
merchandise or that vendors will not discontinue manufacturing product lines
that have proved popular. There can be no assurance that we will be able to
acquire desired merchandise in sufficient quantities on terms acceptable to us,
or that an inability to acquire suitable merchandise, or the loss of one or more
key vendors, will not have a material adverse effect on our financial condition
and results of operations.





We
must compete in a highly competitive industry. We have not engaged in any
operations and may never be able to compete effectively.





The
sports collectibles industry is highly fragmented and competitive. In addition
to other collectibles retailers, we will compete with mid-to-upscale department
stores, gift stores, TV shopping, and collectors clubs . We may even, in certain
cases, compete with the owners of the licensed sports products who sell products
through their own stores and other marketing channels. All of our competitors
are larger and have substantially greater financial, marketing and other
resources than us. In addition, although the primary points of competition are
service and availability of desired merchandise, there can be no assurance that
pricing competition will not develop.  Other retailing companies with
significantly greater capital and other resources than us may enter or expand
their operations in the collectibles industry, which could change the
competitive dynamics of the industry.  Because retailers of
collectibles generally do not own the proprietary rights to the products that
they sell, the barriers to entry to these industries are not
significant.  Therefore, there can be no assurance that additional
participants will not enter the market or that we could compete effectively with
such entrants. Further, although our management has begun preliminary
activities, we have not commenced operations. We are new, have no operating
history and, therefore, will have difficulty competing with established
companies. There are numerous competitors which are larger, better established,
better financed and better known than we are now or can expect to be in the
foreseeable future. Even if the maximum number of shares is sold, we will be at
a competitive disadvantage to firms that are already established. We cannot
expect to be a significant participant in the market for collectibles within the
foreseeable future.




Our
business has a seasonal fluctuation in sales, which can develop fluctuating
quarterly results in our operations.





The
collectibles industry can be subject to seasonal variations in demand. For
example, we expect that most of our collectibles operations will see the
greatest demand during the winter holiday shopping period. Consequently, we
expect to be most profitable during the fourth quarter of our fiscal
year.  Quarterly results may also be materially affected by the timing
of new product introductions, the gain or loss of significant customers or
product lines and variations in merchandise mix. We will make decisions about
purchases of inventory well in advance of the time at which such products are
intended to be sold. Accordingly, our performance in any particular quarter may
not be indicative of the results that can be expected for any other quarter or
for the entire year.  Significant deviations from projected demand for
collectibles merchandise could have a material adverse effect on our financial
condition and quarterly or annual results of operations.








-
18 -





We
expect to be directly affected by fluctuations in the general
economy.





Demand
for collectibles merchandise is affected by the general economic conditions in
the United States.  When economic conditions are favorable and
discretionary income increases, purchases of non-essential items like
collectibles merchandise and animation art generally increase.  When
economic conditions are less favorable, sales of collectibles merchandise and
animation art are generally lower. In addition, we may experience more
competitive pricing pressure during economic downturns.  Therefore, any
significant economic downturn or any future changes in consumer spending habits
could have a material adverse effect on our financial condition and results of
operations.





We
expect our products to be subject to changes in customer taste.





The
markets for our products are subject to changing customer tastes and the need to
create and market new products.  Demand for collectibles is influenced
by the popularity of certain themes, cultural and demographic trends, marketing
and advertising expenditures and general economic conditions. Because these
factors can change rapidly, customer demand also can shift quickly. Some
collectibles appeal to customers for only a limited time.  The success
of new product introductions depends on various factors, including product
selection and quality, sales and marketing efforts, timely production and
delivery and consumer acceptance. We may not always be able to respond quickly
and effectively to changes in customer taste and demand due to the amount of
time and financial resources that may be required to bring new products to
market.  If we were to materially misjudge the market, certain of our
inventory may remain unsold.  The inability to respond quickly to
market changes could have a material adverse effect on our financial condition
and results of operations.





There
are risks associated with a telemarketing strategy.





We have
not previously conducted marketing programs according to practices common to the
database direct mail, telemarketing and Internet industries, including practices
such as the systematic measurement of the response rates generated from its
databases or the categorization of entries in the databases by past
behavior.  The costs for a new information technology system to effect
such integration could be substantial, as could the amount of time needed to
acquire and implement such a system.  The inability to develop the
various databases successfully, or in a timely and cost effective manner, could
have a material adverse effect on our financial condition and results of
operations.





We
may be affected by sales tax considerations from various states.





Various
states are increasingly seeking to impose sales or use taxes on inter-state mail
order sales and are aggressively auditing sales tax returns of mail order
businesses.  Complex legal issues arise in these areas, relating,
among other things, to the required nexus of a business with a particular state,
which may permit the state to require a business to collect such taxes. Although
we believe that we can adequately provide for sales taxes on mail order sales,
there can be no assurance as to the effect of actions taken by state tax
authorities on our financial condition or results of operations. In the future,
we may be required to collect sales tax on sales made to customers in all of the
states in which we conducts our operations. The imposition of sales taxes on
mail order sales generally has a negative effect on mail order sales levels. All
of the factors cited above may negatively affect our financial condition and
results of operations in the future.  Any such impact cannot currently
be quantified.





Our
proposed business will be concentrated in only one segment.





We plan
to be in the business of collectibles business, with a focus in the sports
area.  Our proposed operations, even if successful, will in all
likelihood result in the operation of only one business. Our lack of diversity
into a number of areas may subject us to economic fluctuations within our
particular business or industry and therefore increase the risks associated with
our proposed operations.





-
19 -




Mrs.
Stevens has limited experience in the collectibles business.





Although
Mrs. Stevens has been engaged in numerous businesses, she has limited prior
experience in the collectibles industry, particularly in the auction area. Her
experience has been primarily as a collector for several years. Her experience
and expertise is in narrow segments of the collectibles industry. We plan to
hire additional personnel with experience, although we have no definite plans to
do so. There is no guarantee that we will be able to conduct successful
operations.





Our
business operations will be highly dependent upon our ability to attract and
maintain key employees with experience in the memorabilia and collectibles
business. We must be able to attract and retain key personnel to fully staff our
operations. We are completely dependent upon Mrs. Stevens for our
operations.





The
ultimate success of our business operations will be highly dependent upon our
ability to attract and maintain key employees with experience in the memorabilia
and collectibles business. The process of hiring employees with the combination
of skills and attributes required to carry out our business plan is extremely
competitive and time-consuming. However, to date, we have not hired anyone. Mrs.
Stevens currently performs all of our operations. We cannot guarantee that we
will be able to identify and/or hire qualified personnel as and when they are
needed for our operations. The loss of the services of Mrs. Stevens or the
inability to attract qualified personnel, could materially adversely affect our
business, financial condition and results of operations. No one in our company
has a written employment agreement.





The
lack of a broker or dealer to create or maintain a market in our stock could
adversely impact the price and liquidity of our securities.




We
have no agreement with any broker or dealer to act as a market maker for our
securities and there is no assurance that we will be successful in obtaining any
market makers. Thus, no broker or dealer will have an incentive to make a market
for our stock. The lack of a market maker for our securities could adversely
influence the market for and price of our securities, as well as your ability to
dispose of, or to obtain accurate information about, and/or quotations as to the
price of, our securities.





As
our stock will not be listed on NASDAQ or another national exchange, trading in
our shares will be subject to rules governing "penny stocks," which will impair
trading activity in our shares.




As
we do not intend to list our stock on NASDAQ or another national exchange, our
stock will therefore be subject to rules adopted by the Commission regulating
broker dealer practices in connection with transactions in "penny stocks." Those
disclosure rules applicable to "penny stocks" require a broker-dealer, prior to
a transaction in a "penny stock" not otherwise exempt from the rules, to deliver
a standardized list disclosure document prepared by the Commission. That
disclosure document advises an investor that investment in "penny stocks" can be
very risky and that the investor's salesperson or broker is not an impartial
advisor but rather paid to sell the shares. The disclosure contains further
warnings for the investor to exercise caution in connection with an investment
in "penny stocks," to independently investigate the security, as well as the
salesperson with whom the investor is working and to understand the risky nature
of an investment in this security. The broker dealer must also provide the
customer with certain other information and must make a special written
determination that the "penny stock" is a suitable investment for the purchaser
and receive the purchaser's written agreement to the transaction. Further, the
rules require that, following the proposed transaction, the broker provide the
customer with monthly account statements containing market information about the
prices of the securities.





-
20 -





These
disclosure requirements may have the effect of reducing the level of trading
activity in the secondary market for our common stock. Many brokers may be
unwilling to engage in transactions in our common stock because of the added
disclosure requirements, thereby making it more difficult for stockholders to
dispose of their shares. You will also find it difficult to obtain accurate
information about, and/or quotations as to the price of, our common
stock.




Issuances
of our stock could dilute current shareholders and adversely affect the market
price of our common stock, if a public trading market develops.




We
have the authority to issue up to 50,000,000 shares of common stock, 1,000,000
shares of preferred stock, and to issue options and warrants to purchase shares
of our common stock without stockholder approval. Although no financing is
planned currently, we may need to raise additional capital to fund operating
losses. If we raise funds by issuing equity securities, our existing
stockholders who receive shares in the spin-off may experience substantial
dilution. In addition, we could issue large blocks of our common stock to fend
off unwanted tender offers or hostile takeovers without further stockholder
approval.




The
issuance of preferred stock by our board of directors could adversely affect the
rights of the holders of our common stock. An issuance of preferred stock could
result in a class of outstanding securities that would have preferences with
respect to voting rights and dividends and in liquidation over the common stock
and could, upon conversion or otherwise, have all of the rights of our common
stock. Our board of directors' authority to issue preferred stock could
discourage potential takeover attempts or could delay or prevent a change in
control through merger, tender offer, proxy contest or otherwise by making these
attempts more difficult or costly to achieve.





Colorado
law and our Articles of Incorporation protect our directors from certain types
of lawsuits, which could make it difficult for us to recover damages from them
in the event of a lawsuit.




Colorado
law provides that our directors will not be liable to our company or to our
stockholders for monetary damages for all but certain types of conduct as
directors. Our Articles of Incorporation require us to indemnify our directors
and officers against all damages incurred in connection with our business to the
fullest extent provided or allowed by law. The exculpation provisions may have
the effect of preventing stockholders from recovering damages against our
directors caused by their negligence, poor judgment or other circumstances. The
indemnification provisions may require our company to use our assets to defend
our directors and officers against claims, including claims arising out of their
negligence, poor judgment, or other circumstances.





The
share control position of Jodi and Robert Stevens will limit the ability of
other shareholders to influence corporate actions.




After distribution of our shares to the Fincor shareholders, our largest
shareholder, Jodi Stevens and Robert Stevens, will own and control
11,495,000 shares and thereby control approximately 96.4% of our
outstanding shares. Because Jodi Stevens and Robert Stevens individually will
beneficially control more than a majority of the outstanding shares, other
shareholders, individually or as a group, will be limited in their ability to
effectively influence the election or removal of our directors, the supervision
and management of our business or a change in control of or sale of our company,
even if they believed such changes were in the best interest of our shareholders
generally.





-
21 -





Our
future success depends, in large part, on the continued service of our
President.




We depend almost entirely on the efforts and continued employment of Mrs.
Stevens, our President and Secretary-Treasurer. Mrs. Stevens is our primary
executive officer, and we will depend on her for nearly all aspects of our
operations. We do not have an employment contract with Mrs. Stevens, and we
do not carry key person insurance on her life. The loss of the services of
Mrs. Stevens through incapacity or otherwise, would have a material adverse
effect on our business. It would be very difficult to find and retain qualified
personnel such as Mrs. Stevens.





Our
future success depends, in large part, on the continued financing of
A-Squared.  The loss of this financing would have a material adverse
effect on our business





A-Squared
is our only source of continued financing. A-Squared is owned by Jodi Stevens
and Robert Stevens. It would be very difficult to find a financing source to
replace A-Squared. The loss of the A-Squared financing would have a
material adverse effect on our business.





We
do not expect to pay dividends on common stock.





We have
not paid any cash dividends with respect to our common stock, and it is unlikely
that we will pay any dividends on our common stock in the foreseeable future.
Earnings, if any, that we may realize will be retained in the business for
further development and expansion.




ITEM
2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
PROCEEDS.


None







ITEM
3.  DEFAULTS UPON SENIOR SECURITIES


None







ITEM
4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS


None







ITEM
5.  OTHER INFORMATION


None





-
22 -





ITEM
6.  EXHIBITS




Exhibit
      No.
            Description3.1*
            Articles
      of Incorporation3.2*
            Bylaws4.1*
            Warrant
      dated November 29, 2007 for A-Squared Holdings, Inc.10.1*
            Promissory
      note dated November 29, 2007 with A-Squared Holdings,
  Inc.31.1
            Certification
      of CEO/CFO pursuant to Sec. 30232.1
            Certification
      of CEO/CFO pursuant to Sec. 906





* Previously filed





Reports on Form
8-K





We filed
no under cover of Form 8K for the fiscal quarter ended September 30,
2008.











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 NOVEMBER 14, 2008.











FOREVER
      VALUABLE COLLECTIBLES, INC.By:
            /s/
      Jodi StevensJodi
      StevensChief
      Executive Officer and President
              (principal
      executive officer and principal financial and accounting
      officer)







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