SPEAKING OF BANKRUPTCY: THIS IS THE END!Financials Statements available on Sedar.com
ELN is once again reporting a huge negative working capital = BANKRUPTCY
There were only $19,066 left in cash and $590,829 liabilities at the end of October.
Cash is gone and liabilities rocketting! ELN is no longer paying bills...
Property, plant & equipment = $600
Available for sale investments = $0
Rent for August-October = $154 : where can you rent offices for $51 per month?
Telephone and utilities for three months = $59 ???? Anybody Home? Anybody working?
WORST THAN EVER: THE BOARD APPROVED AND AUTHORIZED FAULTY STATEMENTS
See page 1 of the statements: Total assets reported by ELN = $171,900.
The correct total is in fact = $23,546 and this is probably not an innocent mistake since the total equity is showing the same wrong figure