Replies to post #40965 on Integrated Ventures Inc (INTV)

[Scotttrader80]

Company isnt broke, this report is for LAST YEARS activity June 2018 to June 2019. INTVs been mining profitably since July 2019 and if youve noticed have been BUYING additional rigs ever since. Broke companies dont do that.

Forest through the trees

[dipbuy]

Accumulated deficit is not a big of a concern, correct me if I am wrong. INTV had accumulated deficit of 11M last year by Q2. They are still in business.

An accumulated deficit is a negative retained earnings balance. This deficit arises when the cumulative amount of losses experienced and dividends paid by a business exceeds the cumulative amount of its profits. An accumulated deficit signals that an entity is not financially stable, since it requires additional funding. However, this may not be the case for a startup business, where substantial initial losses are expected before sales begin to take off.