RE:both volume and price are going up dramatically todayThey filed the 10-K yearly earnings yesterday https://last10k.com/sec-filings/pqeff/0001213900-21-065280.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=10KQ2040F&utm_term=pqeff#link_fullReport a few morsels from the report... i will teder soon
The Company continues to work with the Exchange on a reinstatement of trading and will update the market as developments warrant. However, the Exchange has indicated that these matters and their review of the Transactions may take some time to resolve and that a reinstatement to trading is not expected in the near term. We have a limited operating history, and may not be successful in developing profitable business operations.
We have suffered operating losses since inception and we may not be able to achieve profitability.
We have concluded that certain of our previously issued financial statements should not be relied upon and have restated certain of our previously issued financial statements which was time-consuming and expensive and could expose us to additional risks that could have a negative effect on our Company.
The restatement of our financial statements may in the future lead to, among other things, future stockholder litigation, loss of investor confidence, negative impacts on our stock price and certain other risks.
The failure to comply with the terms of our secured notes could result in a default under the terms of the note and, if uncured, it could potentially result in action against the pledged assets.
We have limited capital and will need to raise additional capital in the future.
There is substantial doubt about our ability to continue as a going concern.
Strategic relationships upon which we may rely are subject to change, which may diminish our ability to conduct our operations.
We have identified weaknesses in our internal controls, and we cannot provide assurances that these weaknesses will be effectively remediated or that additional material weaknesses will not occur in the future.
Our ability to issue an unlimited number of common shares and preferred shares may have anti-takeover effects that could discourage, delay or prevent a change of control and may result in dilution to our investors.