Home > Boards > US OTC > Media - Conglomerates > Sibling Group Holdings, Inc. (SIBE)

The company is burning cash at alarming rate,

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Drugdoctor Member Level  Saturday, 10/24/15 07:42:06 AM
Re: traderMaxwell post# 2072
Post # of 2115 
The company is burning cash at alarming rate, will have to go to equities market again, imo, and dilute the already fast diluted stock.

They even warn us time and time again in the 10K filing that finally came out.

Risks Related to Our Operations

Our independent registered accounting firm has expressed doubt about our ability to continue our activities as a going concern, which may hinder our ability to obtain future financing.

The continuation of our Company as a going concern is dependent upon our Company attaining and maintaining profitable operations and raising additional capital. In its report on the annual financial statements for the years ended June 30, 2015 and 2014, our independent registered accounting firm included an explanatory paragraph regarding the doubt about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the status of the Company.

The continuation of our business is dependent upon us raising additional financial support. The issuance of additional equity securities by us could result in a significant/substantial dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments. If the Company should fail to continue as a going concern, you may lose the value of your investment in the Company.




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