Nelly Shishkova

Paradigm Oil and Gas, Inc. (OTC:PDGO) Gets Ready to Break Up the Loss

by Nelly Shishkova May 10, 2011

Paradigm_logo.pngAccording to the 10-K, the company has not generated any revenues from any of its operations from inception till December 31, 2010. At the same time, Paradigm has incurred a net loss that exceeded $2 million, used its common stock and entered into convertible loan agreements to raise capital for its expenses. However, the company was not able to cover its cash requirements and kept searching for additional capital.

The management claims that the operating losses are likely to continue through fiscal 2011 and these raise substantial doubt about the company's ability to continue as a going concern. In other words, if Paradigm cannot ensure additional funds for its operations, its continuation will be quite doubtful.

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