3/5SEGUIN NATURAL HAIR PRODUCTS INC.: Going-concern doubt

Verified excerpt

"These factors raise substantial doubt about the Company's ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-Q (period 2022-09-30)

Why this score: quarterly (unaudited) disclosure