Posted On: 10/14/2013 12:32:45 PM
Post# of 7153
Re: gramps1942 #4870
I found it, it actually is in the 10Q.
we have estimated that we will require $400,000 over the next twelve months to pay down our existing liabilities and to source other potential business opportunities while continuing with our existing operations. Since our inception, we have been dependent on investment capital as an important source of liquidity. Our operations presently are generating negative cash flow, and we do not expect positive cash flow from operations in the near term. We need to secure additional working capital in the short-term in order to sustain our operations. We have incurred operating losses since inception, and this is likely to continue into the fiscal year ending October 31, 2013.
we have estimated that we will require $400,000 over the next twelve months to pay down our existing liabilities and to source other potential business opportunities while continuing with our existing operations. Since our inception, we have been dependent on investment capital as an important source of liquidity. Our operations presently are generating negative cash flow, and we do not expect positive cash flow from operations in the near term. We need to secure additional working capital in the short-term in order to sustain our operations. We have incurred operating losses since inception, and this is likely to continue into the fiscal year ending October 31, 2013.
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