Replies to post #25834 on Advanced Container Technologies Inc (ACTX)

[JNyk]

Is everyone else skipping over the part that says the auditor was uncertain of MDTR ability to continue as a going concern? That is likely the source of disagreement. It’s a new requirement this year for auditors to assess going concern and has caused many issues.

It sounds alarming and I’m sure MDTR would take issue with it if they’re doing anywhere near the business they have led us to believe.

Auditors will reach this position after continuous periods of net losses...especially if accumulating debt and no clear path to immediate funding in the form of a significant LOC.

[236T568]

well said

worth another read

I doubt that a large auditing firm couldn't handle MDTRs financials. Something is not right here and ONLY by mgmt. releasing an official NR clarifying the facts will we know. I am truly hoping to see that NR before opening Tomorrow. If not, I hate to say it, but we will be a short sellers delight til they do. Jmho