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Re: gnolfinvestor post# 11380

Friday, 10/17/2014 4:45:25 PM

Friday, October 17, 2014 4:45:25 PM

Post# of 18904
Here's the answer to your question. It's in the 10-Q.

uspr tells us, “uspr will never realize any gold, silver, copper or money in the foreseeable future”.

Refer to page 38

Revenue

We earned no revenue in either the three months ended August 31, 2014 or 2013 and as an exploration stage company we do not anticipate earning revenue in the foreseeable future.

How long is the foreseeable future, 100 years or only fifty years?

Now, Refer backward to page 37
In addition, we owe another former attorney the sum of approximately $90,000 under an arbitration award. The attorney has initiated efforts to effect a judgment against the Company.
At the time of this report, we do not have the funding available to repay the convertible promissory notes, make the payment required under the amended agreement with our former attorneys or pay the arbitration award to the other former attorney.

These conditions raise substantial doubt about our ability to continue as a going concern.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10247123

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