American Premium Water Corp. (HIPH)

[SGuy]

At September 30, 2019, the Company had an accumulated deficit of approximately $111million, stockholders’ deficit of approximately $3.1million and a working capital deficiency of approximately $3.2million. The net cash used in operating activities for the ninemonths ended September30, 2019totaled $499,059. These matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issue date of this report. The ability of the Company to continue as a going concern is dependent upon increasing sales and obtaining additional capital and financing.

Big yikes.