Alabama Graphite Corp. Com ABGPF

RE:And from page 7 of the audited F/S

[dirty101]

Is this your first time reading a financial statement for a venture company? They ALL have that clause at the end.
How much is FMS paying you losers to talk trash about CSPG??

silentmajority9 wrote: These consolidated financial statements have been prepared on the assumption that the Company will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. Different bases of measurement may be appropriate if the Company is not expected to continue operations for the foreseeable future. At August 31, 2016, the Company had an accumulated deficit of $10,174,381 (2015 - $8,445,651) and a working capital deficiency of $206,557 (2015 – a working capital of $1,930,501). The Company incurred losses of $1,728,730 during the year ended August 31, 2016 (2015 - $2,197,855). The Company’s ability to continue as a going concern is dependent upon its ability to raise adequate financing (see Note 16) and generate profitable operations in the future. While the Company believes that it has sufficient working capital to support ongoing operations for the ensuing twelve months, these conditions indicate the existence of uncertainty that may cast doubt about the Company’s ability to continue as a going concern.