InvestorsHub Logo

chainma1l

05/09/22 5:06 PM

#53298 RE: chainma1l #53297

Whoops

"The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.
This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. The net loss for the three months
ended March 31, 2022, was approximately $176.1 thousand, and the Company has approximately $72.1 million of accumulated deficit and
$1,649,834 of working capital surplus as of March 31, 2022. The Company does not have a source of revenue sufficient to cover its operation
costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital
through selling of common stock in order to implement its business plan, or merge with another operating company. Management is currently
evaluating several investment opportunities which are at various stages of due diligence. Given the complex nature of such investigations
and negotiations, management cannot predict when any future investments will be consummated. There can be no assurance that the
Company will be successful in these efforts in order to continue as a going concern."


What an amazing company.
Goo VPER