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Posted On: 08/15/2022 10:21:15 PM
Post# of 148870
How serious is this?
"Substantial Doubt as to the Company’s Ability to Continue as a Going Concern
The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As
discussed in Note 2, Summary of Significant Accounting Policies – Going Concern to the consolidated financial statements, the Company
incurred a net loss of approximately $210,820,000 for the year ended May 31, 2022 and has an accumulated deficit of approximately
$766,131,000 through May 31, 2022, which raises substantial doubt about its ability to continue as a going concern. The consolidated
financial statements do not include any adjustments that might result from the outcome of this uncertainty."
P. 55
"Substantial Doubt as to the Company’s Ability to Continue as a Going Concern
The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As
discussed in Note 2, Summary of Significant Accounting Policies – Going Concern to the consolidated financial statements, the Company
incurred a net loss of approximately $210,820,000 for the year ended May 31, 2022 and has an accumulated deficit of approximately
$766,131,000 through May 31, 2022, which raises substantial doubt about its ability to continue as a going concern. The consolidated
financial statements do not include any adjustments that might result from the outcome of this uncertainty."
P. 55
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Whatever happens, we have got
Le-Ron-Li-Mab, and they have not.
Le-Ron-Li-Mab, and they have not.
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