Cytta Corp (CYCA)

[Randy1111]

I do not like the fact they have a deficit of almost 25.5 mill and very little in revenues at this point. Noting that the share price keeps on dropping on little volume only confirms in my mind that this is a dead stock in my portfolio. I feel will be that way until there are significant revenues reported. Its looking like your typical pink sheet special that has great potential but little money in the bank. My guess is there is little inventory in the chain and also worry about reporting of people testing and trying it out and not laying money on the table.

This paragraph from the latest financials makes me a skeptic at this point.

“The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2022, the Company had an accumulated deficit of $25,465,021 and has also generated losses since inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern.”