Mass Hysteria Entertainment Co. (fka MHYS)

[jdwintx]

Where are you getting that information? Can you please provide the supporting link? The last report I see on file with the SEC almost 2 years ago found at
https://www.sec.gov/Archives/edgar/data/1388488/000138848815000029/f10q53115mhys.htm
ends the report stating...

We had $151,134 in net cash used in operating activities for the six months ended May 31, 2015, which included $761,567 in net income, $625,026 in amortization of discount on short-term debt, and changes in operating assets and liabilities totaling $219,513. We also had a $1,980,783 change in fair value of derivative liability, and a loss on excess of derivatives of $220,549. We had $146,815 provided by financing activities from proceeds from debt.

Since we have no liquidity and have suffered losses, we depend to a great degree on the ability to attract external financing in order to conduct our business activities and expand our operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. If we are unable to raise additional capital from conventional sources, including increases in related party and non-related party loans and/or additional sales of stock, we may be forced to curtail or cease our operations. Even if we are able to continue our operations, the failure to obtain financing could have a substantial adverse effect on our business and financial results. We have no commitments to provide us with financing in the future, other than described above. Our independent registered public accounting firm included an explanatory paragraph raising substantial doubt about the Company’s ability to continue as a going concern in our most recent annual filing.

In the future, we may be required to seek additional capital by selling debt or equity securities, selling assets, or otherwise be required to bring cash flows in balance when it approaches a condition of cash insufficiency. The sale of additional equity securities, if accomplished, and the conversion of convertible debt, if converted, may result in dilution to our shareholders. We cannot provide assure, however, that financing will be available in amounts or on terms acceptable to us, or at all.