Deffiantly the one that says they have 5 billion in loans; they do a good job at hiding it, but I included it below. Ouch 56 million deficit with 0 to show for it, defiantly this one. Scroll to the very bottom it's my favorite part. SRMX looks much better than this POS. Also they only have enough working capital until June 2022 (6 months) with all the diluting going on I would think they could make it a year.
This one, from a company that has $5B in loans signed for and submitted to the SEC:
As shown in the accompanying consolidated financial statements, the Company has accumulated deficit of $56,523,700 as of September 30, 2021 and total stockholders’ deficit of $2,514,670. For the quarter ended September 30, 2021, the Company incurred a net loss of $5,960,170 as compared to a net loss in the amount of $336,264 during the same period ended September 30, 2020. These factors as well as the uncertain conditions that the Company faces in its day-to-day operations with respect to cash flows create an uncertainty as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management has taken action to strengthen the Company’s working capital position and generate sufficient cash to meet its operating needs through June 30, 2022 and beyond.
Wait there is much more but have only included the parts that apply
ITEM 1A. RISK FACTORS
Our strategy in mergers and acquisitions involves a number of risks and we have a limited history of successful acquisitions. Even when an acquisition is completed, we may have to continue our service for integration that may not produce results as positive as management may have projected.
Acquisitions involve a number of special risks, including:
? failure of the acquired business to achieve expected results;
? diversion of management’s attention;
? failure to retain key personnel of the acquired business;
? additional financing, if necessary and available, could increase leverage, dilute equity, or both;
? the potential negative effect on our financial statements from the increase in goodwill and other intangibles; and
? the high cost and expenses of completing acquisitions and risks associated with unanticipated events or liabilities.
These risks could have a material adverse effect on our business, results of operations and financial condition since the values of the securities received for the consulting service at the execution of the acquisition depend on the success of the company involved in acquisition. In addition, our ability to further expand our operations through acquisitions may be dependent on our ability to obtain sufficient working capital, either through cash flows generated through operations or financing activities or both. There can be no assurance that we will be able to obtain any additional financing on terms that are acceptable to us, or at all.
AI
