RE:RE:RE:RE:RE:WAITING FOR CONFERENCE CALLI read the news release, I read the outlooks and what is going on and I looked at the financial statements. Note 2 gives almost a page worth of context beyond one failiing ratio. The financial statements are prepared on the presumption that the company operates as a going concern but close to the end it states "These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue operating as a going concern."
The news release includes: "The Company expects that with its liquidity position and its access to capital markets it will be able to finance its operations for the foreseeable future."
So, all good. Liquidity position that casts "significant doubt" is not an issue. Access to capital markets not an issue either even though traditional capital markets had not been used over the past year or so.
I leave it up to you to explain how with the starting cash position of $40K this quarter and just over a million in warrants will fund an operation of about $4 million per quarter and having a working capital deficiency.
Is this fair, problem but no problem? Or still cherry picking where your satisfactory answer is that is nothing to be concerned about liquidity and that your ability to get any kind of an investment advisor licence with that thinking makes it an impossibility?
Melida wrote: The conference call is coming up. You need context Mostly. Pyro's comments also clearly state that it has the means to fulfill its strategy. One ratio is not going to cut it. Cherry picking at its most insideous