Wolverine Technologies Corp. (WOLV)

Wolverine

Since start WOLV has been issuing shares to pay Consulting Fees, Salaries and Expenses. From OS apx. 60,000,000 to current 675,000,000 this is a lot of dilution and with a AS of 5,000,000,000 billlion which is unacceptable to many shareholders. Many past shareholders have lost 100,000s of thousands FROM LOSSES IN COMMON STOCK AND PRIVATE PLACEMENTS. Buying Private Placements is not recommended the hole this company is digging is already deep enough they'll never come back.

WOLV, at OTC Markets has a Yield Sign WARNING because of limited information.
   

Going Concern Current 

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never generated revenues and is unlikely to generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. The Company plans to raise financing of debt or equity. There can be no assurance that additional financing will be available when needed or, if available, that it can be obtained on commercially reasonable terms. At November 30, 2020, the Company has a working capital deficiency of $261,193 and has accumulated losses of $6,379,821 since inception. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

Diclaimer: This IBOX is not to be taken as buy or sell advice. You make your own decissions.