RE: What does it all mean Basil?23 Aug 2017 11:58
Sounds a lot like we're bailing out another of Pajak / Desmond's holding companies.
"The Company’s continued operations are significantly dependent upon its ability to achieve profitable operations. If the Company fails to achieve profitable operations, the Company may be required to obtain further financing to meet obligations as they become due. The Company has a history of losses and has accumulated a deficit of $1,384,557 as at December 31, 2016. These factors cast significant doubt about the Company’s ability to continue as a going concern."