Oncology Pharma Inc (ONPH)

[DeafTrader2]

Quote From Previously Quarterly Report Shown Below. Please Read...

This is not Going Forward Company.


NOTE 3: GOING CONCERN:
The accompanying financial statements have been prepared on a going concern basis which contemplates the
realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the financial
statements, during the three months ended June 30, 2015 the Company had a loss of $229,155 and an accumulated
deficit of $51,532,262. If the Company is unable to generate profits and is unable to continue to obtain financing
for its working capital requirements, it may have to curtail its business sharply or cease business altogether.
The financial statements do not include any adjustment relating to the recoverability and classification of
liabilities that might be necessary should the Company be unable to continue as a going concern.
The Company is taking certain steps to provide the necessary capital to continue its operations. These steps
include, but are not limited to: 1) focus on sales to minimize the need for capital at this stage; 2) converting part of
the outstanding accounts and loans payable to equity; 3) raising equity financing; 4) continuous focus on
reductions in cost where possible.