EMBR/TREN believe this is good news. Management admits to dilution! I just don't get it as TREN is up 93%............
We have experienced recurring net losses from operations which losses have caused an accumulated deficit of ($1,844,776) as of August 31, 2014. We had net losses of ($1,796,729) for the year ended August 31, 2014 compared to an accumulated deficit of ($20,223) for the year ended August 31, 2013. These factors, among others, raise substantial doubt about our ability to continue as a going concern. If we are unable to generate profits and are unable to continue to obtain financing to meet our working capital requirements, we may have to curtail our business sharply or cease operations altogether. Our continuation as a going concern is dependent upon our ability to generate sufficient cash flow to meet our obligations on a timely basis to retain our current financing, to obtain additional financing, and, ultimately, to attain profitability. Should any of these events not occur, we will be adversely affected and we may have to cease operations.
The ongoing execution of our business plan is expected to result in operating losses over the next twelve months. Management believes it will need to raise capital through stock issuances in order to have enough cash to maintain its operations for the next twelve months. There are no assurances that we will be successful in achieving our goals of obtaining cash through stock issuances or increasing revenues and reaching profitability.
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