GREY:RHWKF - Post by User
Post by
philwayon Nov 18, 2014 9:02am
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Post# 23139087
Redhawk now has NEGATIVE working capital as of September
Redhawk now has NEGATIVE working capital as of SeptemberNow that it is NOVEMBER does this mean without financing Redhawk is now bancrupt?
Consistent with other entities in the exploration stage, the Company has incurred operating losses since inception, has no source of revenue, is unable to self-finance operations, and has significant cash requirements to meet its overhead and continue its exploration activities. As at September 30, 2014, the Company’s working capital was negative $14,583