Auxly anticipates that it has liquidity and capital resources to meet short term obligations,
however, will require additional funding to complete all projects and meet all commitments
contemplated in 2019. Management has the ability to defer certain capital expenditures and
commitments and is considering a variety of options to finance operations including secured
financing, debt or equity offerings. As part of the financing considerations Auxly is evaluating
which options will best optimize current interest rates, term length, security provided, covenants
and impact on future business plans. Auxly believes it will have sufficient capital for the next 12
months upon successful completion of contemplated financing activities.
Auxly is subject to risks and uncertainties that could significantly impair its ability to raise funds
through debt or equity or to generate profits sufficient to meet future obligations, operational, or
development needs. See “Risk Factors” in this MD&A for information on the risks and
uncertainties that could have a negative effect on Auxly’s liquidity
They will be lucky if they are not bankrupt by next year.
Look at the MD&A and they are already setting up to go bankrupt.
Any body who thinks this company is going to be something is a fool.
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