GREY:IESCF - Post by User
Comment by
Stoogeon Mar 05, 2014 10:47am
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Post# 22282822
RE:RE:RE:2 New Heating Units
RE:RE:RE:2 New Heating Unitspmath11 wrote: Incorrect. The company is trending down as they are starting from the ground up with not many contracts, or revenue coming in. IES just launched a flagship project in ND that will bring the numbers up to a viable business. DYDD.
On the front page of the latest annual statements the auditor deemed it appropriate to issue the following warning:
Emphasis of Matter
Without qualifying our opinion, we draw attention to Note 1 of these financial statements, which states that Global Green Matrix Corp. incurred significant loss from operation, negative cash flows from operating activities and has an accumulated deficit. This, along with other matters as described in Note 1, indicated the existence of a material uncertainty which may cast doubt about the ability of Global Green Matrix Corp. to continue as a going concern.
That's a good warning from the highest authority.