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bobby1231

04/06/14 9:45 AM

#24525 RE: VBgood #24513

You think $60m will payoff most of our current debt?

What is PTQ current total debt?

I must be reading the financials wrong.

Going concern
The condensed interim consolidated financial statements for the six months ended December 31,
2013 have been prepared on a going concern basis which assumes that the Company will be able
to realize its assets and discharge its liabilities in the normal course of business for the foreseeable
future. As of December 31, 2013, the Company has an accumulated deficit of $141,134,255 (June
30, 2013 - $128,020,760) and a working capital deficiency of $111,509,500 (June 30, 2013 -
$85,608,791).