Replies to post #19333 on Asia Global Holdings Corp. (fka AAGH)

[tothe]

Yep, $500,000 to keep operations running this year. Is the A/S large enough to support notes? Another chunk from the shareholders hide?
Liquidity
Our growth plans may require additional funding from outside sources. We intend to pursue discussions with existing shareholders, third party financing sources and potential lenders to ensure access to funds as required. Our future liquidity will depend on our revenue growth and our ability to sell our products and services at positive gross margins and control our operating expenses. Over the coming twelve months, we expect to spend approximately $500,000 for operating expenses. These capital needs must be met from external sources of financing.
The accompanying consolidated financial statements contemplate continuation of the Company as a going concern. Due to the Company’s current year net loss of approximately $3,217,339 substantial doubt to continue as a going concern is raised and realization of a major portion of the assets in the accompanying consolidated balance sheet is dependent upon the continued operations of the Company, which in turn is dependent upon the Company's ability to meet its financing requirements and the success of its future operations.
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