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Re: Crypto__1 post# 19020

Sunday, 01/22/2017 9:37:33 AM

Sunday, January 22, 2017 9:37:33 AM

Post# of 64600
NOTE 3–GOING CONCERN
As reflected in the accompanying financial statements, we had a net loss of $ 3,516,144 and used cash in operating activities of $ 307,860 for the nine months ended September 30, 2016 . We had an accumulated deficit of $9,132,830 as of September 30, 2016. These factors raise substantial doubt about our ability to continue as a going concern.

While we are attempting to increase operations and revenues, our cash position may not be significant enough to support our daily operations. Management intends to raise additional funds by way of debt and equity financing.

NO REVENUE , 3.5M NET LOSS, Can only mean one thing : substantial Dilution on it's way

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