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Tracking 1027 U.S. listed China Stocks and Counting...
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Golden Century Tech Corp (OTC BB:GCYT)
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Liquidity Requirements
Tuesday, June 3, 2008
We are a development stage company. We have not at any time been able to generate sufficient revenue from sales of our products or services to sustain ongoing operations.
Management estimates that it will require additional financing of approximately
$250,000 to $500,000
over the next twelve months for production of the Liner products, marketing campaigns and administrative costs. Our capital requirements relating to the manufacturing and marketing of our products have been, and will continue to be, significant.
Our independent auditors have expressed
substantial doubt
about our ability to continue as a
going concern,
which may hinder our ability to obtain future financing. Furthermore, it indicates that we may go out of business.
Source: (10Q April 14 2008)
Currently does not meet GeoTeam requirements.
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