RE:Tax loss sellingI have been looking at this for a while, as a kind of side interest. Upon reading the last results in November, I think your concerns for more dilution going forward are a genuine concern. Just off the top of my head, they have 2 more quarters of operational capability, at over a million per quarter. They will be short for the third quarter.
If they successfully complete phase 2 on the achilles tendon they will need a lot of money to advance phase 3. To complete this one alone cost over 1 mill.
To risky untill more clarification is put forward on how money will be optained, and at what cost, I think.
See below, for justifcation of my concerns.....straight from the website
Our consolidated financial statements have been prepared on a going concern basis which assumes that the
Company will continue to realize its assets and discharge its obligations and commitments in the normal course
of operations. At September 30, 2014, the Company had accumulated losses of $14,090,838 since incorporation
and expects to incur further losses in the development of its business, which casts substantial doubt about the
Company’s ability to continue as a going concern. At September 30, 2014, the Company had working capital of
$3,040,465. Additional working capital will be required for research and development along with general and
administrative expenses and to further our business plans. Our financial statements do not include any
adjustments relating to the recoverability and classification of recorded assets, or the amounts of and 10
classification of liabilities that might be necessary in the event that the Company cannot continue as a going
concern.
The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable
operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from
normal business operations when they come due. The Company has financed its operations to date through the
issuance of equity. The continued volatility in the financial equity markets may make it difficult to raise funds by
private placements of shares. There is no assurance that the Company will be successful with its financing
ventures.