SNFI · Stark Novus Financial Inc. · Fails to Deliver

The latest filing states the doubt was alleviated.

“The Company’s liquidity and ability to continue as a going concern is dependent upon, among other things: (i) the resolution of significant contingent and other claims and liabilities and (ii) the outcome of the Company’s efforts to realize value, if any, from its retained causes of action, including the Foxconn Litigation, and other remaining assets. The Company is continuing to explore potential business opportunities, including strategic alternatives or business combinations, including those that would preserve the value of the Company’s NOLs. Based on the foregoing, management believes that the Company will have sufficient working capital to meet its needs through the date one year from this filing.”