RE:RE:RE:RE:RE:Financials anyone? Cash runway?Pandora wrote:
The "signifcant doubt about their ability to continue as a going concern" is placed by probably 50% of thousands of companies -- most of which do not have the inroads that Ventripoint apparently has.
i.e. it's pretty much standard phrase or language for financials in their 'accompanying notes'.
At this stage of where we are at, I am not too concerned about the language although as a non-shareholder you may wish to use it as comfort for not being a shareholder. To each his own!
If you could provide a reference, that 50% of companies have a going concern, indicating that there is a material uncertainty, I would appreciate it. I am unaware of any such numbers.
To the point, I posted numbers, From the company, which actually do support material uncertainty, Which also supports the statement that the company has stated. in which the cash burn, is at the worst less than a month of runway, and at the best, if we assume the recent financing was not reflected a quarter. Doing a life financing, going to shareholders to get $500,000, to me is consistent with the serious liquidity concerns that they are telling shareholders about, and the numbers are saying. Instead of going back-and-forth, do you have any comments about the numbers? The liquidity ratios, current ratio ? The data is the data
Instead of going on a tangent, why not address the question and the data for this company?