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Global 8 Environmental Technologies Inc GBLE



GREY:GBLE - Post by User

Post by mburns2000on Oct 02, 2009 11:18am
96 Views
Post# 16357145

NOTE 7: GOING CONCERN

NOTE 7: GOING CONCERN
 The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company had a net loss for the nine months period ended June 30, 2009 of $4,198,318, cash used from operations of $3,064,869, a working capital deficiency of $1,983,674 and a shareholders’ deficit of $1,157,346 which raises a substantial doubt about the Company’s ability to continue as a going concern.
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