Then a tough “Going Concern” discussion! In the statement’s last bullet point, management brought up the chilling discussion when it decided to touch on the going concern concept.

The going concern concept in accounting assumes that a business will continue to operate indefinitely and will not be liquidated in the foreseeable future.

A “going concern qualification” in accounting refers to an auditor’s opinion that raises substantial doubt about a company’s ability to continue operating in the foreseeable future.

Sunnova has taken the serious, yet necessary, step of issuing a “ going concern ” warning, which, in plain terms, means it may not be able to continue operating as it is without major changes.

TSX- and BSE-listed Lucara Diamond has said there is “significant doubt” about its ability to continue as a going concern, after a drop in diamond sales and increased reliance on limited ...

In a Canadian industry first, Davies Ward Phillips & Vineberg LLP facilitated a going concern asset sale of an insolvent cannabis company, seeing through a complete sale of the business, and the ...

Chipmaker Wolfspeed's shares fell 23% on Friday after it raised going-concern doubts and forecast weaker-than-expected annual revenue as it grapples with slowing electric-vehicle demand amid ...