LSBC -- Large Scale Biology Corp. Message Board

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Biotech / Medical : LSBC -- Large Scale Biology Corp.

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From: tuck	4/21/2005 6:19:22 PM
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>>VACAVILLE, CA--(MARKET WIRE)--Apr 21, 2005 -- Large Scale Biology Corporation (NasdaqNM:LSBC - News) announced today that its Form 10-K filed on April 15, 2005 for the fiscal year ended 2004 includes a report from its independent auditors that contains a going-concern qualification. Nasdaq rules require a listed company to publicly announce whenever a Form 10-K includes an audit opinion containing a going-concern qualification. The reason for the going-concern qualification is because of the Company's history of negative cash flows and its current cash balance. "We continue to take the appropriate steps to address our current financial situation," said Ronald J. Artale, LSBC's Chief Operating Officer and Chief Financial Officer.<< snip Cheers, Tuck

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