@DividendspayI just want to make sure you are getting this information right :
I hope that you know that every penny small cap company (mostly penny stocks) have a note on the continuation of exploitation. If every a company is making a loss are is close to not making a profit, the auditor has to present a note in order to dissociate them from the fact that the company could shut down its activities.
But you have to understand that PKG is getting attraction right now and is realling entering a hot sector of on-demand deliveries. If you investing in this company, the financial statement won't give you any indication to if the company is well evaluated of not.
If you are investing in a company worth 15M$, you are investing for the idea or the potential growth.
NO STARTUPS/SMALL CAP COMPANIES want to show profitability....what we want to see is GROWTH (REVENUES, MARKET SHARES and DELIVERIES in the case of PKG).
Im sorry to say but the note of the independant auditor is a formal note to inform the reader that the company is not making a profit.
Good luck
David