Q1-2021 ER Thoughts ..not cutting it at all.
- covid testing is making losses or are at zero
- current liabilities increasing (12 month) -> offering coming up!
- total liabilities increasing, equity deficit increasing
- balance sheet summary: getting worse,
admin burns too much cash for .. ?
This is not a financial setup to kick off a merger (or acquisition),
financial details of CoC?
Cringy .. I will be fair: I sell my remaining shares ASAP,
if the conference does not disclose some magic.
Would require transparency for Aristotle sales,
but its all hidden behind CoC/AVRT (a brand new 'program').
No, not bullish on this. Sorry!
These circumstances create material uncertainties that cast significant doubt as to the ability of the Company to continue as a going concern and, hence, the appropriateness of the use of accounting principles applicable to a going concern.
The Company is actively pursuing additional financing to further develop certain of the Company’s scientific initiatives, but there is no assurance these initiatives will be successful, timely or sufficient.