InvestorsHub Logo
Followers 7
Posts 1018
Boards Moderated 0
Alias Born 10/27/2016

Re: Sport47 post# 1591

Thursday, 12/14/2017 4:30:53 PM

Thursday, December 14, 2017 4:30:53 PM

Post# of 3754
The 10-K is so full of blatant lies that I believe it is actionable. I'll give you more detailed analysis as the days go by, but this is all you need to know:

As at August 31, 2017, we had $1,952 cash on hand. These cash resources are not sufficient for us to execute our business plan. If we do not generate sufficient cash from our intended financing activities and sales, we will be unable to continue our operations. We estimate that within the next 12 months we will need $7,000,000 in cash from either investors or operations.

They are out of cash and need SEVEN MILLION DOLLARS of cash to move forward when their market cap is one third that amount at $2.34M! They obviously can't sell enough shares to do anything more than pay their salaries until they go under.

LMAO! I have more cash in my pocket right now than this company has to their name. What a joke!