NSEH Doesn't look good and is over 24 mil. in debt with no real income. No business would ever merge with a debt ridden co. its another Yates ruse..
Going Concern
The accompanying financial statements have been prepared on a going concern basis. The Company has used net cash in its operating activities of approximately $128,0000 and $334,000 during the nine-month periods ended March 31, 2017 and 2016, respectively, and has a working capital deficit of approximately $5.1 million and $4.5 million at March 31, 2017 and June 30, 2016, respectively. The Company’s ability to continue as a going concern is dependent upon its ability to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due, to fund possible future acquisitions, and to generate profitable operations in the future, once a merger with an operating company is consummated. Management plans may continue to provide for its capital requirements by issuing additional equity securities and debt and the Company will continue to search for a possible acquisition target. The outcome of these matters cannot be predicted at this time and there are no assurances that if achieved, the Company will have sufficient funds to execute its business plan or generate positive operating results.
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