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Replies to post #7440 on Auscrete Corporation (ASCK)
Big Poppa Pump
11/22/16 12:22 AM
#7441 RE: Mark9 #7440
NOTE 2 - GOING CONCERN AND PLAN OF OPERATION To the extent that the Company's capital resources were insufficient to meet operating requirements, the Company has had extensive talks with European investors to obtain loan funding for its future needs. If the company is unsuccessful in this endeavour, they have obtained access to additional funds through a $3 million equity financing agreement with GHS Financial, which may have the effect of diluting the holdings of existing shareholders. The plan is to use these funds to establish a manufacturing plant in Rufus, OR. The Company does not anticipate that existing shareholders will provide any portion of the Company's future financing requirements.