Thursday, August 30, 2018 10:32:14 AM
"The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As of June 30, 2018, the Company had approximately $2,444,000 in cash and cash equivalents, approximately $17,775,000 in negative working capital, a stockholders’ deficit of approximately $8,206,000 and an accumulated deficit of approximately $58,360,000. These conditions raise substantial doubt about the Company’s ability to continue as a going concern."
"Therefore, we are still seeking to raise additional funds for future operations and possible project investment, and any meaningful equity or convertible debt financing will likely result in significant dilution to our existing stockholders. There is no assurance that additional funds will be available on terms acceptable to us, or at all."
But I'm sure BLSP is due for a Double Candle Reversing Upside-Down Trampoline Flip Bounce Snapback to eleventy-twelve cents per share.
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