Post by
Loubastoneone on Oct 04, 2021 11:57pm
CUB ISSUES A GOING CONCERN CAUTION ON ITSELF IN MD&A
Going Concern With the volatile commodity prices, negative working capital, currency fluctuations, reliance on a few customers and impact on carrying values, the Company may not have sufficient cash to continue exploration and development activities. These matters raise significant doubt about the ability of the Company to continue as a going concern and meet its obligations as they become due. Continuing operations are dependent on the ability to obtain adequate funding to finance existing operations, stability in Ukraine and attaining future MANAGEMENT’S DISCUSSION AND ANALYSIS THREE AND SIX MONTHS ENDED JUNE 30, 2021 Page 7 ! profitable operations in Ukraine. Additional financing is subject to the global financial markets and economic conditions, and volatility in the debt and equity markets. These factors have made, and will likely continue to make it challenging to obtain cost effective funding or any at all. There is no assurance this capital will be available and, if it is not, the Company may be forced to curtail or suspend all planned activity.
Comment by
jeffrey8 on Oct 05, 2021 10:14am
If you bothered to read recent transactions you would realize the company will have 4 cents of cash per share so stop the fear mongering.
Comment by
satchmo6 on Oct 05, 2021 4:54pm
dumassez in texas sold out to russians