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Monday, September 30, 2019 8:16:30 PM
The Company has reported recurring net losses since its inception and used net cash in operating activities of $708,040 in the year ended June 30, 2019. As of June 30, 2019, the Company had an accumulated deficit of $20,983,207 and a total stockholders’ deficit of $1,088,343. These conditions raise substantial doubt about the Company's ability to continue as a going concern.
In other words the party is over. The company is broke. The only way this stock will NOT go under a penny at the open is for all 18 stock holders to stand pat. The only selling will be the CEO. The bobble heads that have been encouraging to buy the dips have lost ALL credibility. Cash from mining 250k, administration over a million. CEO not suffering here.
Dilution is only just beginning based on this 10k which by the way is much worse than I thought it would be. Anyone promoting this stock at this juncture is a company hack at best and a disingenuous character flawed, full of balderdash, intelligence insulting soul in need of redemption.
Wait for a rebuke to my message and you will know the guilty parties.
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