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Portalarium Inc | Official Site
MMORPG | Setting:Fantasy | Status:Final  (rel 03/27/18)  | Pub:Portalarium Inc
PVP:Yes | Distribution:Download,Retail | Retail Price:n/a | Monthly Fee:n/a
System Req: PC Mac Linux | Out of date info? Let us know!

First Round of Equity Crowdfunding Exceeded

Posted by Suzie Ford on Aug 07, 2017  | Comments

First Round of Equity Crowdfunding Exceeded - MMORPG.com

The first round of the Portalarium crowdfunding initiative via Seed Invest will be closing in a few hours after exceeding its initial goal. To date, Shroud of the Avatar investors have raised over $675k with just over seven hours to go.

Liquidity and Capital Resources

The Company’s ability to continue as a going concern in the next twelve months following the date the financial statements were available to be issued is dependent upon its ability to produce revenues and/or obtain financing sufficient to meet current and future obligations and deploy such to produce profitable operating results. Management has evaluated these conditions and plans to generate revenues and raise capital as needed to satisfy its capital needs. No assurance can be given that the Company will be successful in these efforts.

The Company does not have any additional sources of capital other than the proceeds from the Offering.

The company may look for additional financing to complete future episodes.

You can check out more of the investor information packet by visiting the Shroud of the Avatar page at Seed Invest.

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom
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