RE:RE:RE:Someone has concrete on the floorSorry Stan, but the language in the fins is a bit more specific than that. Namely: As of March 31, 2022, the Company had not yet generated significant revenue or positive cash flow from operations. The Company has a net loss of $14,846,372 for the nine-month period ended March 31, 2022 and accumulated deficit of $53,937,663 as at March 31, 2022. These factors, among others, may cast substantial doubt as to the ability of the Company to continue as a going concern. Management believes that the proceeds from ****additional equity financing activities that it is currently pursuing****, combined with revenue that the Company expects to generate in subsequent periods, will provide the Company with sufficient working capital to satisfy its liabilities and commitments as they become due for the foreseeable future. There can be no assurances that sufficient equity can be raised on acceptable terms on a timely basis.
MiniVanStan wrote: So this lowlife just lies. There is no active raise at all so what you are saying is pure dishonesty. You high school education probably didnt accont for general disclosures so why dont you just cover your short before it is too late. Actually I hope you short more so you get destroyed.
The forwardlooking statements contained in this news release speak only as of the date of this news release, and XYS co. does not assume any obligation to publicly update or revise any of the included forwardlooking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws and may need to raise capital as on going concern.
That is from another company's financials with the same general statements but the bashers try to scare you into selling your shares. Wont make a difference shortly anyway, WAY WAY OVERSOLD.