True North Energy Corp. (TNEN)

[JohnnyRothrock]

Samplescave what concerns me in their last Q report:


“As shown in the accompanying consolidated financial statements, the Company has incurred recurring losses from operations resulting in an accumulated deficit of approximately $29,006,818, and as of July 31, 2019, the Company’s current and total liabilities exceeded its current and total assets by approximately $1,761,390. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management is actively pursuing new ventures to recommence operations, in addition to holding its over-riding royalty interests in oil and gas assets. In addition, the Company currently seeks additional sources of capital to fund short term operations.”


Your thoughts?