Petroteq Energy Inc (PQEFF)

[itwillneverwork]

From the financials posted 30th July.

The Company has incurred losses for several years and, at May 31, 2018, has an accumulated deficit of $55,413,449 (August 31, 2017 - $46,856,367) and a working capital deficiency of $4,650,914 (August 31, 2017 - $4,250,552). These condensed consolidated financial statements have been prepared on the basis that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent on obtaining additional financing, which it is currently in the process of obtaining. There is a risk that the additional financing will not be available on a timely basis or on terms acceptable to the Company. These consolidated financial statements do not reflect the adjustments or reclassifications that would be necessary if the Company were unable to continue operations in the normal course of business