OTC....I have seen the same language in lots off OTC and Nasdaq companies. Find me a Form 10 on a new company that doesn’t say they will need to raise revenue by issuing shares. They all have the dilution paragraph in them. One of my best long-term investment EVER had all of this language and more....NETFLIX in April 2003. They had every one of those paragraphs in their prospectus and filings!
Draft Fury is still operational and the investement is still active. The GAAP write down was in 2017. Here is a current update:
One thing I have noticed when annual or quarterly reports are put out is how the “cut and paste” crowd always try to find something that looks damaging on the surface and posts them in a MB. It’s as sure a thing as the IRS taking too much of your hard earned money.
Oh...and I am not saying SING is Netflix so save the replies stating that....just used them as an example of language used in filings. Though I would love it is SING was 1/10 as successful as Netflix...just saying.