VentriPoint Diagnostics Ltd V.VPT

Note 1

[GrahamB]

Note 1

 

Note 1 that the BDC auditing references is the companies description:

 

“In March 2020 the World Health Organization declared coronavirus COVID19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. It is not possible for the Company to predict the duration of the return of public access to hospitals and how quickly marketing and installations can proceed.

These consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities in the normal course of business as they come due. There is no certainty whether the Company will generate significant revenues or attain profitable operations in the near future and there can be no assurance that it will achieve profitability in the future, as it incurred a loss of $1,850,676 and had a negative cash flow from operating activities of $1,100,354 for the year ended December 31, 2020, and has accumulated $39,867,182 of losses as at December 31, 2020. The Company's ability to continue as a going concern is dependent on its raising of future required capital, bringing its products to market and achieving and maintaining profitable operations. The outcome of these matters cannot be predicted at this time. As a result there exists a material uncertainty which creates significant doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments and classifications of assets and liabilities, which might be necessary should the Company be unable to continue its operations. Such adjustments could be material.”

 

VENTRIPOINT DIAGNOSTICS LTD. CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2020 AND 2019 (EXPRESSED IN CANADIAN DOLLARS)

Note1. Page5 

Source:www.sedar.com

 

I am an idiot, and no one should listen to anything that I say, nor should anyone listen to anyone to promotes something-without an extremely heavy dose of skepticism, and a huge amount of research. Heck, that’s what I do.

And my due diligence reveals factual information from sedar.
This is direct information from sedar

[woundedknee]

Many fledgling or start up companies use the same terminology in their financial reports and as such one should be carefull not to take it bervatim. On the other hand, i don't believe you are an idiot, but would suggest that you not  get your blood pressure up by trying to save people from a stock you don't own. VPT does have a medical device that can be ground breaking and the

[GrahamB]

Going concern is a statement made by companies that lack financial resources to meet expenses, or at risk of this Its for the highly speculative ones that have financial stress Problem is the financials still show hardly any revenue -for the entire year of 36,017 and loss from operations of 1849666 So they are reliant on financings amd this will cause dilutikn So I take the going

[woundedknee]

Graham, obviousely you have nothing new to add and keep repeating your same stale narrative. I will continue to read your posts , but until you show that your main agenda is something other than fear mongering, I will no longer be even mildly supportive. We all have our choice and reasons for buying or selling in the markets. Those decisions we make should be made based on due diligence and not

[GrahamB]

Wounded knee-I agree with you:It does feel stale. Still, this  isn’t my narrative Wounded knee. It is the company’s financials that I am directly quoting, and the part that is repetitive, is that quarter after quarter, year after year they continue to have operating expenses, that have continued to cause further erosion and an accumulating deficit to the tune of $40 million. The stale

[GrahamB]

And being down 33% since the halt and the  Alliance-so highly touted-has been announced indicates what? Would be interested to know why?

[rkula15]

You are a smart man (apparently) figure it out. Read, watch the videos and do your own DD , and if you don't like what you see don't buy. Stay off this board and invest your energy in a stock you actually like. Plus we are tired of you constantly asking us to do the work for you. You have done your DD and have realized the stock sucks now leave. Your job here is done.

[Bihicellow]

Hey Rukala your obviously a George licker , anytime someone says anything slightly negative about George boy , most off you lickers start crying “ don’t talk bad about my daddy “ get a job you bum 

[rkula15]

Not sure who you are, nor do I care. Plese reference back to my previous post. Useless scumbags like you are not wanted on this site. Have some respect for the man that has created life changing technology and brought this company to where it is at .... It is called respect. Do you want me to look that up for you and GB as well ? FFS

[Sunvalley]

After being darn near delisted and selling at 0.8 cents or so , it is now up 5 times since then. Would be interested to know why?

[GrahamB]

Good question.   Here is another riddle for you:Why did it go from 2.45 on August 20,2011 to .08?   Meanwhile back at the ranch-the business has not sold any significant amount of these units that are going to change the world. (Actual sales on year end financials were 36,017. Www.sedar.com)   Cherry picking is easy to do now isn’t it?   Like saying you can

[ScienceFirst]

With his "fear-mongering" strategy, GrahamB looks like an imbecile this morning with today's news release and GA email.  _______________________________ GrahamB - (5/4/2021 8:11:36 PM) RE:RE:RE:RE:RE:RE:RE:Note 1 Good question.   Here is another riddle for you:Why did it go from 2.45 on August 20,2011 to .08?   Meanwhile back at