ARXA International (ARXA): Rapid Expansion imminent!!!!!! Message Board

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Microcap & Penny Stocks : ARXA International (ARXA): Rapid Expansion imminent!!!!!!

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To: jim0z0 who wrote (433)	3/9/1999 7:04:00 PM
From: Think4Yourself	Read Replies (1) of 508

re: It is standard for small companies to state they don't have money to operate for an entire year. Yes, if they are about to go belly up. Also, they said next QUARTER. When I said the comment was common, I meant the 10K was full of bankruptcy warnings (not the standard "things could go wrong") from the company AND from the auditors. Translation: shareholders can't sue the company, auditors, or directors because of safe harbor provisions (i.e. they warned you). It's your money (for the moment). Just be aware that you are last in line for the company's assets, of which there are not enough to even pay the creditors. Also, given the current oil/gas climate, they will continue to operate at a high loss level for at least the next few quarters. How could they have been so stupid as to reactivate a shut-in well late last year - INCREDIBLY stupid!

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