Replies to post #13517 on American Diversified Holdings Inc (ADHC)

[waterchaser]

From the most recent report:

We have financed our operations primarily through cash generated from the sale of our stock and loans to the Company. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. During the nine months ended January 31, 2012, the Company suffered net losses of ($1,083,025). As of April 30, 2012, the Company had a working capital and stockholders’ deficiency of ($1,110,010). Historically, the Company has sustained its operations primarily through equity and debt financing. These conditions raise substantial doubt about the Company's ability to continue as a going concern.
In view of these matters, the Company will need to improve its working capital position. The Company plans to overcome the circumstances that impact our ability to remain a going concern through a combination of achieving profitability, raising additional debt and equity financing, and renegotiating existing obligations. There can be no assurance, however, that we will be able to complete any additional debt or equity financing on favorable terms or at all, or that any such financings, if completed, will be adequate to meet our capital requirements. Any additional equity or debt financings could result in substantial dilution to our stockholders. If adequate funds are not available, we will be required to delay, reduce or eliminate some or all of our planned activities. Our inability to fund our capital requirements would have a material adverse effect on the Company. Management believes that the actions presently being taken to revise the Company's operating and financial requirements may provide the opportunity for the Company to continue as a going concern