GreenGro Technologies Inc (GRNH)

[ParaBellum]

My favorite section from the financials. Translation for you non- finance types: further dilution; not so they can expand, just to pay their bills and keep the doors open.

NOTE 3 – GOING CONCERN
As reflected in the accompanying financial statements, the Company had an accumulated deficit of $8,799,883 at September 30, 2014 and had a net loss of $5,754,132 and net cash used in operating activities of $684,967 for the nine months ended September 30, 2014.

While the Company is attempting to improve operations and increase revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations over the next year. Management intends to increase revenues and raise additional funds by way of a public or private offering.