Respectfully, I think it is important to understand something that I have previously posted with other stocks about their filing of a “Going Concern Statement” of which the same concept of thought applies here too with WMNS.
The WMNS filing of which you are referring mentioned that WMNS financial statements have been prepared on a going concern basis and then it further mentioned what it implied by such statement. This is simply WMNS taking the conservative route as most stocks do that file a “Going Concern Statement” with the SEC.
To further understand the “Going Concern Statement” and why companies use such a conservative delivery, read an earlier post I made within another forum on the topic below…
I think it is important to understand that because of the extreme level of conservatism within the “going concern” statement, such “does not” mean that the company has not been successful and is not moving forward with their operational plans for growth. I am new here with WMNS and I think what they are doing will prove to reward their investors.
Again, to reiterate what I posted above, I’m not saying to ignore any “going concern” warnings within any company’s filings, but I am saying that they do not pose a negative threat that some might perceive. Doing your due diligence (DD) and knowing what you hold is the solution to have a better understanding of a company’s ”potential” to be worth taking the risk to invest in or not.
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