Artificial Intelligence Technology Solutions Inc (AITX)

[davidsson10]

Why does this company have no revenue? Anybody?

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12186520

"For the three months ended May 31, 2017, the Company had negative cash flow from operating activities of $234,304. As of May 31, 2017, the Company had negative working capital of $18,068,028. Management does not anticipate having positive cash flow from operations in the near future. These factors raise a substantial doubt about the Company’s ability to continue as a going concern.

"The Company does not have the resources at this time to repay its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business.

"Management has plans to address the Company’s financial situation as follows:

"In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will continue to advance capital to the Company or that the new business operations will be profitable. The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raises doubts about the Company’s ability to continue as a going concern."