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Thursday, February 12, 2015 7:42:48 PM
Asher WILL get their $$-Thus PPS of .0001 or LESS is near.
Need more PROOF of the SCAM????
3. GOING CONCERN
The accompanying unaudited financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern.
The Company incurred a net
***********loss of $10,979,874 *******
for the nine months ended September 30, 2014. As of September 30, 2014, the Company had minimal cash with which to satisfy any future cash requirements. Furthermore, as of September 30, 2014, the Company has a working capital deficit of $10,288,125
**********(excluding the Company’s derivative liability*****
and its
***********related debt discount,****** the working capital deficit is $355,430) and an accumulated deficit of $25,183,746. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The Company depends upon capital to be derived from future financing activities such as subsequent offerings of its common stock or debt financing in order to operate and grow the business. There can be no assurance that the Company will be successful in raising such capital. The key factors that are not within the Company's control and that may have a direct bearing on operating results include, but are not limited to, acceptance of the Company's business plan, the ability to raise capital in the future, the ability to expand its customer base, and the ability to hire key employees to build and maintain websites and to provide services and support to its customers and users. There may be other risks and circumstances that management may be unable to predict.
The unaudited financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.
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