California WOW: Auditor’s ‘going concern’ doubts

Fitness freaks might be interested to learn that California WOW’s auditor, PricewaterhouseCoopers, has expressed doubt that the company can continue as a going concern.

The Company incurred a net loss of Baht 52.2 million for the three-month period ended 31 March 2009 and as of that date the Company’s cash current liabilities exceeded its current assets by Baht 349.7 million. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company’s ability to continue as a going concern. – Auditor’s report 12 May 2009.

The full report is available from the ‘Investor Relations’ section of California WOW’s website.

Tagged as: California WOW

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