Replies to post #32 on Mobile Area Networks, Inc.(fka MANW)

[sidedraft]

A 10-Q was filed today, nasty:

Note B   -   Going Concern 
  
 The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported a net loss of $30,731 and $31,430 for the three months ended March 31, 2014 and 2013, respectively. As a result, there is an accumulated deficit of $7,027,509 at March 31, 2014. The primary causes of the loss for 2014 and 2013 are principally attributable to a lack of profitable operations. 
  
   
  
 The Company’s continued existence is dependent upon its ability to raise capital and/or achieving profitable operations.  The Company previously wound down internal manufacturing operations with the intent to outsource any orders, and is seeking a merger partner.  The Company plans to raise sufficient working capital through equity offerings and restructure debt to lower its monthly payments and interest costs. The Company continues to fund operational deficits through the acquisition of debt and equity financing through private individuals. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

http://ih.advfn.com/p.php?pid=nmona&article=63979931&symbol=MANW