Financing Happening?

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

ATTENTION MEMBERS:

Tonight, we're giving our website a serious makeover.

So if you can't access the site for a bit, don't worry, we're just sprucing things up for an even smoother experience.

In the event that you experience issues accessing the new site, please clear your browser's cookies and cache.

See You On The Other Side!

Reply New Message

Prev Message Back To Forum Threaded View Next Message

HOGAN Junior

Rank: Mail Room [?]

Points: 198 [?]

Votes: 28 Score: 2.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Financing Happening?

posted on Aug 08, 2022 07:02PM

This statement below was not included in the past few financial reportings (page 21)....unfortunate in these market conditions the need for money and perhaps why the stock price is acting the way it is?

The Company has prepared a cash flow forecast which indicates that it does not have sufficient cash to meet its minimum expenditure commitments and therefore needs to raise additional funds to continue as a going concern. As a result, there is substantial doubt about the Company's ability to continue as a going concern for the next twelve months from the date of these condensed unaudited consolidated financial statements.

The better question is, what changed? I thought they didn't need to raise funds?

9 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply