Notes from the July 2013 financial statements combined with no movement or PR in over a year and followed with a lack of real information coming from the company, could make this company questionable for a lot of investors. No communication does not mean it's a good thing - this should be hitting sub pennies and then it will attract money which is what the company will ultimately need to continue IMHO.
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Going Concern
These consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated significant revenues to date and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. As at July 31, 2013, the Company had working capital deficit of $235,567, and an accumulated deficit of $1,527,911. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company's future business. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.
AI
