mazag08 said:

---

More on DPW from their last 10K

Quote:

---

Risks Related to Our Company
We have historically incurred significant losses and our financial situation creates doubt whether we will continue as a going concern. We have historically experienced operating and net losses and anticipate continuing to experience such losses in the future. For the years ended December 31, 2019 and 2018, we had an operating loss of $26,941,797 and $19,605,456 and net losses of $32,945,828 and $32,982,201, respectively. As of December 31, 2019 and 2018, we had a working capital deficiency of $19,150,075 and $18,445,302, respectively. There are no assurances that we will be able to achieve a level of revenues adequate to generate sufficient cash flow from operations or obtain additional financing through private placements, public offerings and/or bank financing necessary to support our working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient, we will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on acceptable terms. These conditions raise substantial doubt about our ability to continue as a going concern. If adequate working capital is not available we may be forced to discontinue operations, which would cause investors to lose their entire investment.

We expect to continue to incur losses for the foreseeable future and need to raise additional capital to continue business development initiatives and to support our working capital requirements. However, if we are unable to raise additional capital, we may be required to curtail operations and take additional measures to reduce costs, including reducing our workforce, eliminating outside consultants and reducing legal fees in order to conserve cash in amounts sufficient to sustain operations and meet our obligations. As a result of these financing uncertainties, during the year ended December 31, 2019, we recognized that our dependence on ongoing capital requirements to fund our operations raise substantial doubt about our ability to continue as a going concern. Our ongoing capital requirements have only increased since then, meaning that substantial doubt about our ability to continue as a going concern remains and will likely do so for the foreseeable future.

---

---

BREwmaster said:

---

Yeah, that close was a dumpster fire. Max pain was 390, but it flushed with volume. Maybe inflation is starting to rear it's ugly head...

---

La Bamba said:

---

BREwmaster said:

---

a big part of that is the refineries being shut down during the winter storm, but our politicians aren't helping that either.

---

Gas prices have been steadily rising since crude went from negative to almost $70 in a span of less than 12 months.

I pointed this out a few pages back. I get that inflation is the hot topic right now, but if the Saudis decide they want to flood the oil market after their April agreement to keep output the same, and oil comes back to the 50s, which is healthy for everyone and the world starts to open up, I just don't see how we continue to have systemically high inflation. Once resources and people can move around again once everyone is vaccinated, what would cause inflation to remain so high assuming energy prices stabilize?

Right now there's a shortage of everything, lumber, chips, etc cause demand has picked up, production has been stalled due to Covid and world travel is still limited. Once the summer hits and the world opens up again we'll have some resource constraints lifted and we won't be talking about inflation being at defcon levels. Just my thoughts.

Wrong emoticon. Didn't mean to star my own post...

---