Asi liquidating corp
The increase was due to an increase in sales volume. As a result, we have had cash flow and liquidity problems.
Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. There can be no assurance, however, that Trans European will exercise the option or, if it does so, that the exercise will be timely in relation to the liquidity requirements of the Company.
Tyrrell has four full-time employees. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You can identify these statements by the fact that they do not relate strictly to historic or current facts. Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
Borrowings were from an unsecured note payable to Roulston Venture Capital L. The first quarter typically has the lowest sales due to inclement weather in the Northern Ohio region and the difficulty of operating a quarry in such an environment. We are also currently exploring additional long term funding sources, including debt placement, stock issuance and other alternatives. Customers are generally charged for shipping.
All of the stone is shipped via flatbed truck. These statutes, rules and regulations range from record keeping e. Tyrrell is also the main distributor in Canada of the Company's products. This will give us a favorable position to continue meeting order requirements through the colder months so that we are in good position when our busy season begins in the spring. We evaluate the accounting policies and estimates we use to prepare financial statements, which we believe to be reasonable under the relevant circumstances.
Achievement of future results is subject to risks, uncertainties and inaccurate assumptions. Any liability that may result from these proceedings, and any liability that is judged to be probable and estimable, has been accrued.
We plan to increase our niche by adding new outside marketing representatives to cover the entire United States. Profitable operations for the remainder of will be an important factor in helping us to extend or refinance these obligations.
Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected. The quarries are situated in geographic regions that have a large labor pool, and Management does not believe that securing additional labor will be difficult or expensive. If Trans European exercises the option to purchase a portion of the Company's land, the proceeds of the option exercise will provide substantial liquidity to the Company. The Company's objective is to develop a world-wide market with primary emphasis upon the warmer weather sections of the United States. Our ability to use the carryforwards will depend upon generating taxable income in the future.