Replies to post #191737 on Verb Technology Company Inc (VERB)

[dukeb]

Per the PCAOB, a caution about the company's ability to continue as a "going concern" is somewhat subjective:

https://pcaobus.org/oversight/standards/auditing-standards/details/AS2415

The auditor is supposed to evaluate whether the company can continue for "a reasonable amount of time." Surely this was a topic of discussion between Rory and the auditors and Rory's statement that the company has enough cash on hand to keep the company afloat for at least 14 months must have caused the auditor to consider 14 months to be a "reasonable period of time."

If the company isn't producing positive cash flow or if the company finds itself unable to raise capital then you can be sure the next Q or K will have the going concern caution reappear.

As long as Rory's $1 million paychecks continue he doesn't care much.