Radioio Inc (RAIO)

[suds1460]

Before it is said otherwise...

As a CPA, I can tell you that the Going Concern tag is not one thrown around lightly by a CPA firm. You are essentially saying to your client that things are so bad that your business will fail without material changes in structure or operations.

You can imagine the reluctance of a CPA firm to put this tag on a company that pays them a not insignificant amount of money. It is not a good way to get repeat business or keep it for very long.

In the profession, putting a Going Concern tag on a 10-Q or 10-K is akin to filling out the death certificate of a business but leaving the time and date of death blank because it is only a matter of time.