Bullboard - Stock Discussion Forum Advanced Explorations Inc. ADEXF

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"Advanced Explorations Inc is a development stage company. It is engaged in the acquisition, exploration and development of properties within the resource sector."

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Advanced Explorations Inc. > Quarterly financials

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Post by behrhunter on Aug 17, 2013 5:19pm

Quarterly financials

I dont seem to be able to find the first quarter financials on SEDAR. Anybody had a chance to look at them, as the second quarter should be out in a couple of weeks.
without income for the last eight months, it is hard o understand how they are continuing to operate as they were basically insolvent at year end last December.

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Comment by Goldengreen on Aug 29, 2013 4:13pm

Quarterly financials are up on SEDAR. $489K in cash. Accounts payable liability of $2.98 million. All projects on care and maintenance. Even hiring ICBC International Capital as an advisor is on ice: "In March 2013, AEI announced that it engaged ICBC International Capital Ltd. (“ICBCI”) as its lead financial adviser in Hong Kong in connection with the restructuring plans. Currently this ...more

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Advanced Explorations Inc.