e.Digital Corporation (fka EDIG)

[Neverending]

Going.concern statement.from the 3Q Financials>>>

The company did warn investors of their precarious financial position. I think they should have toned down all the happy talk in their April and May PRs but than that is what EDIG does. In my opinion. My bolding below:

https://www.sec.gov/cgi-bin/viewer?action=view&cik=886328&accession_number=0001683168-17-000352&xbrl_type=v#

Going Concern/ Liquidity/Correction of Error
The Company has incurred significant losses and negative cash flow from operations and has an accumulated deficit of $83,122,360 at December 31, 2016. Other than cash on hand, the Company has no other sources of financing currently available as of December 31, 2016. The Company may incur additional losses in the future until licensing or other revenues are sufficient to sustain continued profitability. Until the Company can demonstrate sustained profitability, its ability to continue as a going concern is in doubt and may be dependent upon obtaining additional financing in the future. There is no assurance that the Company will be successful in generating or raising funds, if necessary, to sustain its operations for twelve months or beyond. Should the Company be unable to generate funds or obtain required financing, it may have to curtail operations, which may have a material adverse effect on its financial position and results of operations. Uncertainty as to the outcome of these factors raises substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not give effect to any adjustments that would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying consolidated financial statements.