Post by
undervalue on May 02, 2023 12:00pm
What's the value?
Of an enterprise that has given up $11.5 million since the start.
WC shortfall is 2.3 million assuming the inventory and recievables are ok.
As at February 28, 2023 the Company has an operating deficit, from inception, of $11.5 million and a working capital deficiency of approximately $2.3 million. These factors are indicative of the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue its operations and to realize its assets at their carrying values is dependent upon developing profitable operations on a commercial basis, and/or obtaining financing and continued support from its shareholders and creditors on terms which are acceptable to it. These consolidated financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore required to realize its assets and discharge its liabilities in other than the normal course of business and likely at amounts different from those reflected in the accompanying consolidated financial statements.
Comment by
ezemoney on May 02, 2023 12:07pm
You're working overtime bashing but don't even own shares.
Comment by
undervalue on May 02, 2023 12:33pm
Your profile suggests you have balance sheet focus. You own shares????
Comment by
KCatthebat on May 02, 2023 3:58pm
Beam me up Scotty! Appreciate the interest in the company
Comment by
Plainview on Sep 28, 2023 7:23pm
This company has been mismanaged almost from the get go. It is insolvent today , by any legal and financial definition. It seems that a few important things have not been disclosed- as required by securities laws. Some big hammers will come down on this "tribe" of business clowns.