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Strategies & Market Trends : Wire to Wire Daily Stock Picking
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To: dexx who wrote (1446)7/13/1999 10:13:00 AM
From: ColleenB  Read Replies (1) of 3514
 
RE: DYGN...have you looked at their latest filing?

We have financed our operating losses primarily through the proceeds from public and private stock offerings and debt offerings. We anticipate that revenues from product sales will not be sufficient to fund our current operations or produce an operating profit until such time as we can establish acceptance of our products in their respective markets and expand our distribution channels. We have incurred losses since inception and expect to incur additional losses until such time as we can successfully develop, manufacture, and sell or license our existing and proposed products and technologies.

Our history of operating losses raises substantial doubt about our ability to continue operations. If we are unable to secure significant additional financing or to renegotiate our agreements with our existing creditors, we may have to file for bankruptcy. Our independent auditors issued an opinion on our financial statements as of December 31, 1998 and for the year then ended which included an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. See " Certain Factors That May Affect Future Results."

biz.yahoo.com
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