GZ6G Technologies Corp (GZIC)

[PENNIEStoSTACKS]

AS 1,000,000,000 to 3,000,000,000 in the last week - OS 300,000,000 from 100,000,000 or so and rising every few days during the last 20 days or so and you say ?

At this point all who sold did.

Long way to go for this one before share holders can see any serious gains. Imo

Going Concern

These unaudited condensed consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As of March 31, 2023, the Company had a working capital deficit of $3.96 million with approximately $0.3 million of cash on hand and an accumulated deficit of $19 million. During the three months ended March 31, 2023 the Company received net cash proceeds of $627,400 by way of a series of convertible promissory notes. The Company anticipates a need for up to a further $5 million in fiscal 2023 to meet its upgraded infrastructure requirements. In addition to the remaining funding which may be provided to the Company under various loan agreements, the Company is in the process of filing a follow-on registration statement on Form S-1 to facilitate additional funding up to a maximum of $10,000,000. There is no guarantee the Company will continue to receive financing as required. The continuation of the Company as a going concern is dependent upon the ability to raise additional equity and/or debt financing and the attainment of profitable operations from the Company’s future business. If the Company is unable to obtain adequate capital as needed, the Company may be required to reduce the scope, delay, or eliminate some or all of its planned operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. https://www.otcmarkets.com/filing/html?id=16656272&guid=XQD-kpfUcdK-B3h