In cvsi’s 10q from the 3rd quarter the company presented under “ORGANIZATION AND BUSINESS” the following passage -
The Company's operating results and accumulated deficit, amongst other factors, raise substantial doubt about the Company's ability to continue as a going concern. The Company will continue to pursue the actions outlined above, as well as work towards increasing revenue and operating cash flows to meet its future liquidity requirements. However, there can be no assurance that the Company will be successful in any capital-raising efforts that it may undertake, and the failure of the Company to raise additional capital could adversely affect its future operations and viability.
And from that “The Company's operating results and accumulated deficit, amongst other factors, raise substantial doubt about the Company's ability to continue as a going concern”
Operating results in regards to this company shows losses every quarter for 3 years in a row. I don’t believe there will be much help from the operating results, I do believe there will be even more losses, which I would think leads to a business loan from somewhere.
“ there can be no assurance that the Company will be successful in any capital-raising efforts”
there have been no capital-raising in regards to business loans in Oct, nor Nov, Dec, Jan, and here we are in Feb. So, at what point do we entertain the-
“and the failure of the Company to raise additional capital could adversely affect its future operations and viability” .
I think it’s a fair question. And so, what exactly are all the implications? All IMO
Bearish
