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Saturday, May 19, 2018 1:47:40 PM
What’s not common is the clause about commercialization and sales reducing the required burden of raising debt and/or equity. That’s a major - and positive - departure from the language of most going concern disclosures. Most of them simply say something along the lines of “additional capital raises are required in order to continue operations, and there is no guarantee that the company will be able to raise funds, or raise funds at an acceptable cost...”.
Also, the liability structure is not alarming. You’d always like to have more assets than liabilities, sure. And the ability to easily pay down liabilities from free cash flow is fantastic... but ENDV isn’t AAPL. The debt overhang is just par for the course here. I can point you to many companies who have similar game changing potential, but who are absolutely crippled by their liability structure. Hint: I’m not making money in any of those right now.
This isn’t to say that there’s no risk here or anything like that, just saying that I wouldn’t get too worked up about the going concern disclosure. As always though, your mileage may vary.
Recent ENDV News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 02/02/2024 10:23:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 10:30:14 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 12/29/2023 08:20:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/04/2023 02:08:41 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 05:21:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/12/2023 10:03:32 AM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 08/25/2023 11:04:33 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:16:04 PM
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