Material disclosure — Yobi Capital Fund Corporation
HighAuditor issued a going-concern qualification citing the Company's inability to generate sufficient cash flows, accumulated operating deficits, and working capital deficit; auditor stated the Company may be forced to cease operations if it cannot obtain adequate capital.
“These matters raise substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.”