Magnus International Resources Inc. (fka MGNU)

[bewareofsnakeoil]

We have a going concern opinion from our auditors, indicating the possibility that we may not be able to continue to operate.

We anticipate generating losses for the next 12 months. Therefore, we may be unable to continue operations in the future as a going concern. No adjustment has been made in the accompanying financial statements to the amounts and classification of assets and liabilities which could result should we be unable to continue as a going concern. If we cannot continue as a viable entity, our shareholders may lose some or all of their investment in the Company.

Read more: http://www.faqs.org/sec-filings/101203/MAGNUS-INTERNATIONAL-RESOURCES-INC_10-K.A/#i3#ixzz248gfw6XU