4/5CAMBER ENERGY, INC. (CEIN): Going-concern doubt

Market data

n/a: no price data available for CEIN.

Verified excerpt

"The largest components of current liabilities creating this working capital deficiency are accrued interest on notes payable to Discover Growth Fund, LLC ("Discover") of $ 6,953,336 , drawings by Simson-Maxwell against its bank credit facility of $ 3,782,332 , an advance from FK Venture, LLC of $ 1,200,000 and amounts due to AGD Advisory Group, Inc., a related party, of $ 1,110,000 . These conditions raise..."

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 2025-03-31)

Why this score: quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q), Non-reliance / restatement