U-Swirl Inc (swrl)

[benosufan]

Isn't it amazing how these thieves work? The same group uses it's subsidiary to cash in what they knew was going to be a default. Guess who loses in the end????...common shareholders.


The Company had negative working capital at August 31, 2015 as a result of the loan agreement. Because of this, there is substantial doubt about its ability to continue as a going concern. The Company’s continued existence will depend on its future performance and the actions of RMCF concerning the loan agreement. We do not have a strategy that we believe will cause us to become compliant with the covenants of the note between now and the maturity date. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.