I was Reading: Preliminary Offering Circular Su
Post# of 6614
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Posted On: 11/18/2018 11:06:48 PM
I was Reading: Preliminary Offering Circular
Subject to Completion. Dated May 9, 2018 WorldFlix, Inc.
(Exact name of issuer as specified in its charter) Nevada, And Most Negative POINT Makes Me Worry, and IF WRFX does Not Start trading UP and Higher than 0.002, and it goes Lower to 0.0001 before Reverse Split, We are going to have Problems.
Please Read it Again Yourselves. Do More DD for your own Sake.
" We have a history of operating losses and we may need additional financing to meet our future long-term capital requirements.
We have a history of losses and may continue to incur operating and net losses for the foreseeable future. As of March 3, 2018, we had a working capital deficit of ($862,836), and stockholders’ deficit of ($844,901). We incurred a net loss of $537,694 for the year ended December 31, 2017, and a net loss of $255,610 for the year ended December 31, 2016, and a net loss of $59,514 for the year ended December 31, 2015. We have not achieved sustainable profitability on an annual basis. We may not be able to reach a level of revenue to achieve profitability. If our revenues grow slower than anticipated, or if operating expenses exceed expectations, then we may not be able to achieve profitability in the near future or at all, which may depress our stock price
We may need significant additional capital, which we may be unable to obtain.
We may need to obtain additional financing over time to fund operations. Our management cannot predict the extent to which we will require additional financing and can provide no assurance that additional financing will be available on favorable terms or at all. The rights of the holders of any debt or equity that may be issued in the future could be senior to the rights of common shareholders, and any future issuance of equity could result in the dilution of our common shareholders’ proportionate equity interests in our company. Failure to obtain financing or an inability to obtain financing on unattractive terms could have a material adverse effect on our business, prospects, results of operation and financial condition.
Our resources may not be sufficient to manage our potential growth; failure to properly manage our potential growth would be detrimental to our business.
We may fail to adequately manage our potential future growth. Any growth in our operations will place a significant strain on our administrative, financial and operational resources, and increase demands on our management and on our operational and administrative systems, controls and other resources. We cannot assure you that our existing personnel, systems, procedures or controls will be adequate to support our operations in the future or that we will be able to successfully implement appropriate measures consistent with our growth strategy. As part of this growth, we may have to implement new operational and financial systems, procedures and controls to expand, train and manage our employee base, and maintain close coordination among our technical, accounting, finance, marketing and sales staff. We cannot guarantee that we will be able to do so, or that if we are able to do so, we will be able to effectively integrate them into our existing staff and systems. To the extent we acquire businesses, we will also need to integrate and assimilate new operations, technologies and personnel. If we are unable to manage growth effectively, such as if our sales and marketing efforts exceed our capacity to install, maintain and service our products or if new employees are unable to achieve performance levels, our business, operating results and financial condition could be materially and adversely affected. "
This and more Information is available, Read it Carefully Please.
Good Luck....
Subject to Completion. Dated May 9, 2018 WorldFlix, Inc.
(Exact name of issuer as specified in its charter) Nevada, And Most Negative POINT Makes Me Worry, and IF WRFX does Not Start trading UP and Higher than 0.002, and it goes Lower to 0.0001 before Reverse Split, We are going to have Problems.
Please Read it Again Yourselves. Do More DD for your own Sake.
" We have a history of operating losses and we may need additional financing to meet our future long-term capital requirements.
We have a history of losses and may continue to incur operating and net losses for the foreseeable future. As of March 3, 2018, we had a working capital deficit of ($862,836), and stockholders’ deficit of ($844,901). We incurred a net loss of $537,694 for the year ended December 31, 2017, and a net loss of $255,610 for the year ended December 31, 2016, and a net loss of $59,514 for the year ended December 31, 2015. We have not achieved sustainable profitability on an annual basis. We may not be able to reach a level of revenue to achieve profitability. If our revenues grow slower than anticipated, or if operating expenses exceed expectations, then we may not be able to achieve profitability in the near future or at all, which may depress our stock price
We may need significant additional capital, which we may be unable to obtain.
We may need to obtain additional financing over time to fund operations. Our management cannot predict the extent to which we will require additional financing and can provide no assurance that additional financing will be available on favorable terms or at all. The rights of the holders of any debt or equity that may be issued in the future could be senior to the rights of common shareholders, and any future issuance of equity could result in the dilution of our common shareholders’ proportionate equity interests in our company. Failure to obtain financing or an inability to obtain financing on unattractive terms could have a material adverse effect on our business, prospects, results of operation and financial condition.
Our resources may not be sufficient to manage our potential growth; failure to properly manage our potential growth would be detrimental to our business.
We may fail to adequately manage our potential future growth. Any growth in our operations will place a significant strain on our administrative, financial and operational resources, and increase demands on our management and on our operational and administrative systems, controls and other resources. We cannot assure you that our existing personnel, systems, procedures or controls will be adequate to support our operations in the future or that we will be able to successfully implement appropriate measures consistent with our growth strategy. As part of this growth, we may have to implement new operational and financial systems, procedures and controls to expand, train and manage our employee base, and maintain close coordination among our technical, accounting, finance, marketing and sales staff. We cannot guarantee that we will be able to do so, or that if we are able to do so, we will be able to effectively integrate them into our existing staff and systems. To the extent we acquire businesses, we will also need to integrate and assimilate new operations, technologies and personnel. If we are unable to manage growth effectively, such as if our sales and marketing efforts exceed our capacity to install, maintain and service our products or if new employees are unable to achieve performance levels, our business, operating results and financial condition could be materially and adversely affected. "
This and more Information is available, Read it Carefully Please.
Good Luck....
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