Replies to post #26742 on Xun Energy, Inc. (fka XNRG)

[bar1080]

How about hiring a second CPA to balance the negatives from the primary auditor? LOL

"NOTE 6. GOING CONCERN


The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company has net losses for the period from inception (December 20, 2007) to February 28, 2014. This condition raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s continuation as a going concern is dependent on its ability to meet its obligations, to obtain additional financing as may be required and ultimately to attain profitability. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.


Management is planning to raise additional funds through debt or equity offerings. There is no guarantee that the Company will be successful in these efforts. There is no guarantee that the Company will be successful generating profits from its oil and gas operations. There is no guarantee that the Company will be able to drawdown on the $15 Million Reserve Equity Financing Agreement with AGS Capital Group, LLC, refer to NOTE 22: FINANCING AGREEMENTS for additional detail."

http://www.sec.gov/Archives/edgar/data/1435936/000143593614000059/f10q20140228.htm