VGTel Inc (VGTL)

[RiverNorth]

,,,,,,,,ROFL!
$VGTLD...?

The Company reported a net loss for the nine-month period ended December 31, 2014 of $1,175,694 as compared to $1,221,058 for the nine-month period ended December 31, 2013. The net loss for the nine months ended December 31, 2014 was greatly impacted by the derivative loss of $193,497and the amortization of debt discount of $434,500.


As reflected in the accompanying financial statements, we had an accumulated deficit of $9,317,740, raising substantial doubt about our ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company's ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.