Friday, October 16, 2020 9:57:55 AM
Writing was in their own PR. It's over folks.
DIGAF: JUNE 2020 Ex99-1
The Company has not yet achieved profitable operations and has accumulated losses of $7,712,260 since inception and working capital deficiency of $530,302 as at March 31, 2020. Accordingly, the Company will need to raise additional funds through future issuance of securities or debt financing. Although the Company has raised funds in the past, there can be no assurance the Company will be able to raise sufficient funds in the future, in which case the Company may be unable to meet its obligations as they come due in the normal course of business. It is not possible to predict whether financing efforts will be successful or if the Company will attain a profitable level of operations.
The current cash resources are not adequate to pay the Company’s accounts payable and to meet its minimum commitments at the date of these consolidated financial statements, including planned corporate and administrative expenses, and other project implementation costs, accordingly, there is significant doubt about the Company’s ability to continue as a going concern.
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