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Replies to post #20006 on Movement Industries Corp (MVNT)
doogdilinger
06/24/19 5:20 PM
#20011 RE: peterpeter #20006
the Company had a net loss, working capital deficit and accumulated deficit of -$26,297, -$26,297 and -$32,733,882, respectively, for the nine months ended March 31, 2019. The net cash used in operating activities was $0 for both nine months ended March 31, 2019. The Company intends to commence operations and raise the necessary funds to continue operations and acquire an operating business. The Company cannot be certain that it will be successful in these strategies even with the required funding. Management believes that these matters raise substantial doubt about the Company’s ability to continue as a going concern for twelve months from the issuance date of this report. Management cannot provide assurance that it will ultimately achieve profitable operations. If the Company is unable to raise additional capital or secure additional lending in the near future, management expects that the Company will need to curtail its operations.