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Bullboard - Stock Discussion Forum MORRO BAY RESOURCES LTD V.MRB

"Morro Bay Resources Ltd is engaged in gold-silver exploration with mineral interests in the Penoles Project in Mexico. The Company has operations in Penoles, Mexico."

TSXV:MRB - Post Discussion

MORRO BAY RESOURCES LTD > $5k in cash??? NO Project???? Ewe!!!
View:
Post by Sophia123 on Jan 31, 2017 1:45pm

$5k in cash??? NO Project???? Ewe!!!

Finanzialz are out!!!!  YEAH!!!!!
As at September 30, 2016 the Company had cash of $5,002 (September 30, 2015 - $540).


Trend Analysis
The Company’s ability to continue operations is uncertain and is dependent upon the ability of the Company to locate another business opportunity and obtain necessary financing to support operations, meet the Company’s liabilities and commitments as they become payable, and the ability to generate future revenue. Financial resources available are its current cash position and raising funds through new equity or debt funding. The outcome of these matters cannot be predicted at this time. The consolidated financial statements do not include adjustments to amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue operations. Management believes that the Company will be able to raise sufficient capital to maintain its operations and activities for the next fiscal year.


Thingz are NOT lookin to good here huh???  I dunno.  Almost 100 MILLION sharez 0/s and no project and no cash???

Have the BEST day EVERYONE!!!!  YEAH!!!!  ^_^
Comment by RetardedClown on Feb 28, 2017 11:51am
you're missing the bigger picture. that's a 826.3% increase in case year/year. WOW!!!!!!! 
Comment by RetardedClown on Feb 28, 2017 11:52am
that should say cash, not case. living up to my name I guess
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