going concern questionhi all. Reading Q3 report, in the note #2 at the end I read this:
As a result of the factors noted above, there are material uncertainties that may cast significant doubt on the ability of the Company to continue as a going concern and, accordingly, the appropriateness of the use of accounting principles applicable to a going concern entity. Such material uncertainties may include: satisfaction or waiver of all conditions precedent to the completion of the Recapitalization Transaction, customer credit risk, compliance with financial covenants in future periods, liquidity, capital structure, valuation of long-lived assets and inventory valuation.
I understand this related to situation existing prior to recapitalization. Naturally, I wonder whether "satisfaction...of all conditions preceding" has happened with completion of the recapitalization?
the other question is the amount of outstanding debt remaining after recapitalization. And yet another question, when is Q4 report due?