Posted On: 09/17/2014 7:22:13 AM
Post# of 2102
CanWealth last 10-Q scroll down to the revenue page , yep $0 since inception from 2006 . I have not seen one of hundreds of these mineral companies ever produce one ounce of anything worthwhile out of the ground. So with no revenue and a maxed out share structure , where will they get the $$$$ to move forward ? BAG HOLDERS that;s who . Please post the link to what land they own, i want to see land contracts and closing documents.
http://www.sec.gov/Archives/edgar/data/151278...063014.htm
From February 1, 2006 (date of inception) through June 30, 2014, the Company had not incurred any mine development costs.
The accompanying unaudited condensed consolidated financial statements have been prepared on a basis that assumes the Company will continue as a going concern. As of June 30, 2014, the Company has a deficit accumulated during exploration stage of $435,224 and has incurred significant operating losses and negative operating cash flows since inception. The Company will need additional financing which may take the form of equity or debt and the Company has converted certain liabilities into equity. In the event the Company is not able to increase its working capital, the Company will not be able to implement or may be required to delay all or part of its business plan, and their ability to attain profitable operations, generate positive cash flows from operating and investing activities and materially expand the business will be adversely affected.
http://www.sec.gov/Archives/edgar/data/151278...063014.htm
From February 1, 2006 (date of inception) through June 30, 2014, the Company had not incurred any mine development costs.
The accompanying unaudited condensed consolidated financial statements have been prepared on a basis that assumes the Company will continue as a going concern. As of June 30, 2014, the Company has a deficit accumulated during exploration stage of $435,224 and has incurred significant operating losses and negative operating cash flows since inception. The Company will need additional financing which may take the form of equity or debt and the Company has converted certain liabilities into equity. In the event the Company is not able to increase its working capital, the Company will not be able to implement or may be required to delay all or part of its business plan, and their ability to attain profitable operations, generate positive cash flows from operating and investing activities and materially expand the business will be adversely affected.
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