InvestorsHub Logo

hedge_fun

11/13/19 7:55 AM

#112 RE: PennyWorld #111

Read the Q. Page 33........

Item 1A. Risk Factors
The risk factor set forth below updates the risk factors in our Annual Report on Form 10-K for the year ended December 31, 2018, and in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2019. In addition to the risk factor below, you should carefully consider the risk factors discussed in our most recent Form 10-K report and our second quarter Form 10-Q report, which could materially affect our business, financial position and results of operations.
The Company has been managing its liquidity position and, while we continue to evaluate potential strategic and other alternatives, including a sale of all or substantially all of the Company’s assets, it will likely be necessary for us to commence proceedings under Chapter 11 of the U.S. Bankruptcy Code.