In a public post on their website, CMON have corrected some media speculation about the term ‘going concern’ as relating to their current financial situation.
The company explained how ‘going concern’ is an accounting term used to describe how liabilities can out weigh assets and will occasionally show up in financial documents they are required to file.
“Please rest assured that despite the current state of the world, CMON is and will be in the business of making great games for many years to come,” CMON wrote in the post.
Tabletop Wire reported two days ago that the company suspended trading on April 1 due to the delayed release of their Annual Report. The delay is being caused by unresolved questions from a audit. The matter is now further enhanced by the resignation of two independent non-executive board members.