GulfSlope Energy Inc (GSPE)

[Enkidu1836]

From January 10 Q Accountants Statement
The Company has incurred accumulated losses as of December 31, 2016 of $34.1 million. Further losses are anticipated in developing our business. As a result, our auditor expressed substantial doubt about our ability to continue as a going concern on its report for the year ended September 30, 2016. As of December 31, 2016, we had $0.05 million of unrestricted cash on hand. The Company estimates that it will need to raise a minimum of $4 million to meet its obligations and planned expenditures through February 2018