A mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, Nevada Gold Holdings, Inc. (NGHI.OB) has recently started trading on the Over-the-Counter-Bulletin-Board. Although it was announced on May 15th, after several days the company filed the notification about its lateness to post a quarterly report. Thus I started thinking whether Nevada Gold is going to remain on the OTCBB listing for a long time or not.
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Finally, it should be mentioned that Nevada Gold Holdings paid $300,000 for stock promotion to different parties. In addition, Whisper From Wall Street purchased 100,000 shares of NGHI out of the open market.