GREY:ADEXF - Post by User
Comment by
Thinkdifferenton May 01, 2013 5:35am
184 Views
Post# 21323206
RE: Dead in the water
RE: Dead in the water Annual financial 2011:
Emphasis of Matter
Without modifying our opinion, we draw attention to Note 1 to the consolidated financial statements which indicates that the Company has no sources of recurring revenue and has incurred losses amounting to $17,494,284 since its inception. These conditions, along with other matters as set forth in Note 1, indicate the existence of material uncertainties that may cast significant doubt about the Company’s ability to continue as a going concern.
Annual financial 2010:
Emphasis of Matter
Without modifying our opinion, we draw attention to Note 2 to the consolidated financial statements which indicates that the Company has no sources of recurring revenue and has incurred losses amounting to $10,447,885 since its inception. These conditions, along with other matters as set forth in Note 2, indicate the existence of material uncertainties that may cast significant doubt about the Company’s ability to continue as a going concern.