SportsQuest Inc (SPQS)

[DDHOUND]

The company anticipates doing a reverse split of its common stock


2.3 Going concern


The accompanying financial statements have been prepared assuming that the Company will continue as a going concern no adjustments have been made for any other outcome.



The company is currently in negotiations with current debt holders to satisfy terms for delinquent debt and seeking financing to continue our current business model. As of the date of these financial statements the company has not been successful in finding financing. There is no assurance that the company will find financing to continue our projects.

The ability of the Company to continue as a going concern is dependent on the Company's ability to raise additional capital and expand its business and to satisfy current delinquent debt. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company anticipates raising additional working capital through the issuance of debt and equity securities. The company anticipates doing a reverse split of its common stock.



Management believes that actions presently being taken to obtain additional funding provide the Company the opportunity to operate as a going concern.

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