TS03 Inc Trust Units TSTIF

RE:RE:RE:RE:RE:RE:TSO3 Financial Reporting

[MarylnManson]

I would hope that nothing nepharious is going on with this lack of an announcement regarding Q4 financials, but at this point very little about this management team would surprise me.  

Here is what the auditors said in 2017 financials regarding continuity of the business

Without qualifying our opinion, we draw attention to the fact that the accompanying consolidated financial statements have been prepared under a going concern assumption.  As discussed in Note 2 to the consolidated financial statements, the Company’s inability to successfully generate revenues from the sales of its products through its own distribution network and/or through a distribution agreement with a third party may cast material doubt about its ability to continue as a going concern.


From note 2 2017 financials
In the event that the Company would not achieve its expected sales, the Company may be required to reduce or delay operating expenses as deemed appropriate to in order to conserve cash or to raise additional capital or financing within the next year, in order to continue the production and commercialization of its products and to continue to fund operations at the current cash expenditure levels. 
 
Our consolidated financial statements as of December 31, 2017 have been prepared under the assumption that we will continue as a going concern for the next twelve months. Our ability to continue as a going concern is dependent upon our ability to generate additional revenue from the sale of units by the Company, attain further operating efficiencies, obtain additional equity or debt financing or to reduce expenditures. Our consolidated financial statements as of December 31, 2017 did not include any adjustments that might result from the outcome of this uncertainty.

Now look at the language in Q3/18 Results:
The attainment of profitable operations is dependent upon future events, including generating revenues from the sale of its products that will support its cost structure through its own distribution network and/or through a successful distribution agreement and gaining market acceptance for its products. The uncertainties related to these various conditions may cast doubt on the Company’s ability to continue as a going concern