Replies to post #15 on Victoria Lake Inc. (LVCA)

[shortsinthesand]

Hmmm this doesn't look good?

Going Concern
As shown in the accompanying financial statements, the Company has an accumulated deficit of $3,170,876 incurred through December 31, 2008. The Company has no revenues, limited cash and losses from operations. Management intends to seek additional capital from new equity securities offerings that will provide funds needed begin the exploration for gold. These plans, if successful, will mitigate the factors which raise substantial doubt about the Company ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence. The Company expects to be able to control its cash outflows based upon funds received.