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Re: happycampers post# 25834

Tuesday, 06/11/2019 11:24:54 PM

Tuesday, June 11, 2019 11:24:54 PM

Post# of 27120
Is everyone else skipping over the part that says the auditor was uncertain of MDTR ability to continue as a going concern? That is likely the source of disagreement. It’s a new requirement this year for auditors to assess going concern and has caused many issues.

It sounds alarming and I’m sure MDTR would take issue with it if they’re doing anywhere near the business they have led us to believe.

Auditors will reach this position after continuous periods of net losses...especially if accumulating debt and no clear path to immediate funding in the form of a significant LOC.