Does this support this statement or is Mr Yates stating an erroneous statement in the March 7th Press release? Why would a break even company need more funding unless there going to report losses in the 10-Q which they did?
March 7th Press Release compare and think, the information is all there read it.
DENVER, CO -- (Marketwired) -- 03/07/17 -- The Pulse Beverage Corporation
Robert E. Yates, CEO of Pulse, said, "By restructuring our business, receiving new capital and putting it immediately to work producing product, we will ship enough product to reach a break-even EBITDA for the first time in the month of March." Mr. Yates continued, "With additional capital we will be able to produce and ship even more product in April which would then be our first profitable month.
Quarterly Report (10-q)
Date : 05/22/2017 @ 9:27AM
Source : Edgar (US Regulatory)
Stock : The Pulse Beverage Corp.
(QB) (PLSB)
Going concern.... We have generated significant revenues but have sustained substantial losses....Our continuation as a going concern is dependent upon our ability to obtain necessary debt and/or equity financing to fund our growth strategy, pay debt when due, to continue operations, and to attain profitability. As at March 31, 2017 we had a working capital deficit of $1,711,648 and a stockholders’ deficit of $18,025,693. All of these factors combined raises substantial doubt regarding our ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
AI
