InvestorsHub Logo
Followers 0
Posts 4
Boards Moderated 0
Alias Born 11/09/2010

Re: None

Thursday, 11/17/2011 10:46:36 PM

Thursday, November 17, 2011 10:46:36 PM

Post# of 118202
After reading thru all of the messages for the day, nobody mentioned this part of the 10-Q. Am I the only one who finds this strange/odd?

NOTE 10 – GOING CONCERN


The Company’s 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 September 30, 2011, the Company had an accumulated deficit of ($26,529,372) negative working capital of ($1,400,755) and negative cash flows from operations of ($670,800) raising substantial doubt about its ability to continue as a going concern. During the quarter ended September 30, 2011, the Company financed its operations through issuance of debt.



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.