Home > Boards > US OTC > Alternative Energy > Visium Technologies, Inc. (VISM)

--------- From filing:

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Doc Holliday Member Level  Wednesday, 09/02/20 11:28:19 AM
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Post # of 62138 
--------- From filing:

We cannot ascertain that we have sufficient funds from operations to fund our ongoing operating requirements through June 30, 2020. We may need to raise funds to enhance our working capital and use them for strategic purposes. If such need arises, we intend to generate proceeds from either debt or equity financing.

We intend to finance our operations using a mix of equity and debt financing. We do not anticipate incurring capital expenditures for the foreseeable future. We anticipate that we will need to raise approximately $180,000 per year in the near term to finance the recurring costs of being a publicly-traded company. In the long-term, we anticipate we will need to raise a substantial amount of capital to complete an acquisition. We are unable to quantify the resources we will need to successfully complete an acquisition. If these funds cannot be obtained, we may not be able to consummate an acquisition or merger, and our business may fail as a result."

Add to that the $2 million they need to raise to keep that contract.

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