Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #64763 on Elray Resources Inc (ELRA)
halbroke1
11/14/16 6:36 PM
#64764 RE: primecomm #64763
jmorexxnet
11/14/16 8:09 PM
#64766 RE: primecomm #64763
The Company had a working capital deficit and stockholders’ deficit of $10,338,204 and $10,325,669 respectively, at September 30, 2016. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. Without realization of additional capital, it would be unlikely for Elray to continue as a going concern. Elray's management plans on raising cash from public or private debt or equity financing, on an as needed basis, and in the longer term, revenues from the gambling business. Elray's ability to continue as a going concern is dependent on these additional cash financings, and, ultimately, upon achieving profitable operations through the development of its gambling business.
MVIR
11/15/16 6:47 AM
#64770 RE: primecomm #64763