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Alias Born | 08/08/2017 |
Monday, March 30, 2020 8:36:45 AM
Hi all,
Finally made an account so I could actually contribute to this board. Been following this ticker since early 2019 and recently went back to read through the Q2 financial report.
I am not the most experienced in reading through financial statements however the section on page 25 caught my attention.
"Note 2 - Summary of Significant Accounting Policies"
"...Company has a working capital deficit and accumulated deficit of approximately 2.36M and 16.72M. These factors raise substantial doubt about the Company's ability to continue as a goin concern within one year after the issuance date of these financial statements. "
I am curious to know if you all have read this, and if you are how exactly you processed this information. Is a statement like this a general disclaimer that is somewhat standard for publicly traded companies? I am very optimistic about this company, but reading this was slightly concerning.
Would appreciate any response. thanks
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