Replies to post #42441 on Attitude Drinks Inc. (fka ATTD)

[hallboy73]

I'm in the same boat. It's very very tempting.

[grego68]

The biggest problem is the debt...Roy claimed that the the only financing he could find back in 09 was toxic and that's the cause for the major dilution...He keeps extending and restructuring the notes so ATTD is so far in debt it's impossible to get out of with out bankruptcy... The SS is so massive that even Bankruptcy might not bring this pig into somewhere that is viable to make a profit...Billions of shares need to come off the market before this company can produce anything of merit

The accompanying financial statements have been prepared on a going concern basis, which assumes the Company will realize its assets and discharge its liabilities in the normal course of business. As reflected in the accompanying financial statements, the Company had insignificant revenues for the nine months period ended December 31, 2013, a working capital deficit of $9,680,035 as of December 31, 2013 and has incurred losses to date resulting in an accumulated deficit of $30,712,014, including derivative income and expense. These factors create substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and pay its liabilities when they come due. Management’s plan includes obtaining additional funds by debt and/or equity financings; however, there is no assurance of additional funding being available.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9920256