Post by
chris579457 on Sep 09, 2020 2:43pm
Going concern assumption
Just received consolidated financial statement by mail.
My problem is information under Going concern assumption : The corporation is reporting a net loss of 3,382,873 and cumulative deficit 4,033,2941
The corp. has not realized an annual profit since its inception.
That is the reason every one is loosing money except the management that pays themselves fortune to keep themselves a float.
I am out after so many years with big loss , good luck to every one