Options Media Group Holdings, Inc. (OPMG)

[amank7]

OPMG is a "going concern". $23 million deficit.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7954292

Going Concern

As reflected in the accompanying unaudited consolidated financial statements for the three months ended March 31, 2011, the Company had a net loss of $845,680 and $221,296 of net cash used in continuing operations. At March 31, 2011, the Company had a working capital deficit of $1,017,171. Additionally, at March 31, 2011, the Company had an accumulated deficit of $23,590,012. These matters and the Company’s expected needs for capital investments and working capital required to support operational growth raise substantial doubt about its ability to continue as a going concern. The Company’s unaudited consolidated financial statements do not include any adjustments to reflect the possible effects on recoverability and classification of assets or the amounts and classification of liabilities that may result from its inability to continue as a going concern.