WLFI-linked AI Financial flags ‘going concern’ as losses mount
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AI Financial Corp. reported a significant net loss of $271.5 million in Q1, raising doubts about its ability to continue as a going concern. The company has a working capital deficit of $5.5 million and liabilities of $39.1 million against $32.2 million in assets. Its WLFI token holdings have decreased in value, leading to an unrealized loss of $348.3 million. Shares fell nearly 6.3%, marking an 87.5% decline over the past year.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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