Most Important Part of yesterday's 10-Q Much mo
Post# of 13565
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Posted On: 08/20/2022 6:02:42 PM
Most Important Part of yesterday's 10-Q
Much more important info below...than those posts you see like this daily by the daytraders such as "tick tock"..."BOOM"..."BUY THE CHEAPIES"..."SNPW IS GOLDEN".
Page 20
https://www.otcmarkets.com/filing/html?id=160..._HTM_a_002
Risks Related to Our Financial Condition
Since our inception, we have been insolvent and have required debt and equity financing to maintain operations.
Since our inception, we have failed to create cashflows from revenues sufficient to cover basic costs . As a result, we have relied heavily on debt and equity financing. Equity financing, in particular, has created a dilutive effect on our common stock, which has hampered our ability to attract reasonable financing terms. For the foreseeable future, we will continue to rely upon debt and equity financing to maintain operation of the Company and its subsidiaries.
We have generated minimal revenues from operations , which makes it difficult for us to evaluate our future business prospects and make decisions based on those estimates of our future performance.
As of June 30, 2022, we had generated insufficient revenues . As a consequence, it is difficult, if not impossible, to forecast our future results based upon our historical data. Our projections are based upon our best estimates on future growth. Because of the related uncertainties, we may be hindered in our ability to anticipate and timely adapt to increases or decreases in sales, revenues, or expenses. If we make poor budgetary decisions as a result of unreliable data, we may never become profitable or incur losses, which may result in a decline in our stock price .
There is substantial doubt about our ability to continue as a going concern and if we are unable to generate significant revenue or secure additional financing, we may be unable to implement our business plan and grow our business.
Just posting some reality from the 2022 Q2 10-Q filing.
Back to the "NEXT quarter" promises for the umpteenth time.
my opinions are ONLY my opinions
always do your own due diligence
imho
cheers
Much more important info below...than those posts you see like this daily by the daytraders such as "tick tock"..."BOOM"..."BUY THE CHEAPIES"..."SNPW IS GOLDEN".
Page 20
https://www.otcmarkets.com/filing/html?id=160..._HTM_a_002
Risks Related to Our Financial Condition
Since our inception, we have been insolvent and have required debt and equity financing to maintain operations.
Since our inception, we have failed to create cashflows from revenues sufficient to cover basic costs . As a result, we have relied heavily on debt and equity financing. Equity financing, in particular, has created a dilutive effect on our common stock, which has hampered our ability to attract reasonable financing terms. For the foreseeable future, we will continue to rely upon debt and equity financing to maintain operation of the Company and its subsidiaries.
We have generated minimal revenues from operations , which makes it difficult for us to evaluate our future business prospects and make decisions based on those estimates of our future performance.
As of June 30, 2022, we had generated insufficient revenues . As a consequence, it is difficult, if not impossible, to forecast our future results based upon our historical data. Our projections are based upon our best estimates on future growth. Because of the related uncertainties, we may be hindered in our ability to anticipate and timely adapt to increases or decreases in sales, revenues, or expenses. If we make poor budgetary decisions as a result of unreliable data, we may never become profitable or incur losses, which may result in a decline in our stock price .
There is substantial doubt about our ability to continue as a going concern and if we are unable to generate significant revenue or secure additional financing, we may be unable to implement our business plan and grow our business.
Just posting some reality from the 2022 Q2 10-Q filing.
Back to the "NEXT quarter" promises for the umpteenth time.
my opinions are ONLY my opinions
always do your own due diligence
imho
cheers
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