Nelly Shishkova

Goliath Film and Media Holdings (OTC:GFMH) Froze Up for a Day

by Nelly Shishkova April 26, 2012

Goliath_logo.gifHaving in mind these results, as well as the negative stockholders' deficit and accumulated deficit, the going concern status of Goliath is easy to be explained.

In order to continue operations, the company will need, among other things, additional capital resources. GFMH plans to obtain such resources by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However, they cannot provide any assurances that Goliath will be successful in accomplishing any of its plans.

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