Sunday, February 03, 2019 12:35:16 PM
The ”Going Concern” statement within their filings is of no major concern in my opinion. Most companies that are ”fully reporting” and file with the SEC on a regular basis have some kind of a ”going concern” statement or warning within their filings. This is nothing more than a formality that’s delivered as a safety precaution that companies use as a way to cover them for a “worst case scenario” situation if for some reason their company does not execute their business objectives and to be legally protected.
The ”going concern” statements that you see in numerous filings is also a way for a company to remain very conservative to make sure they don’t get into any trouble if for any reason anything within their filings or PRs are considered too forward thinking where shareholders could have felt that they might have been misled by the company.
I can tell you numerous stocks that have had major moves, all while having a Going concern Statement listed within their filings. It’s nothing more than a company being conservative in nature. This is why I think it is important to understand the intent behind such conservatism when these statements are within a company’s filings.
I’m not saying to ignore any “going concern” warnings within any company’s filings, but I am saying that they do not pose a negative threat that some might perceive.
Doing your own research and knowing what you hold is the solution to have a better understanding of just how important a “going concern” really is. After doing my own research… I have zero concerns here with VYST.
I think we will be better than fine here in VYST.
v/r
Sterling
Exit Strategy & Etiquette Thoughts for a Stock
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I never give investing advice; only my beliefs for risks in a stock.
Recent VYST News
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