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Re: govprs post# 3978

Sunday, 10/14/2012 6:53:11 PM

Sunday, October 14, 2012 6:53:11 PM

Post# of 4507
Agreed, and 7 mill in debt? Like how the hell does that happen with a company that has no operations!


"In its report dated August 24, 2012, our auditors, Sam Kan & Company expressed an opinion that there is substantial doubt about our ability to continue as a going concern. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty. We have generated no operating revenues since our inception. We had an accumulated deficit of ($7,078,216) as of August 31, 2012. Our continuation as a going concern is dependent upon future events, including our ability to raise additional capital and to generate positive cash flows."

GL with this one.

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