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To: bob who wrote (10474)2/1/2000 1:17:00 AM
From: Jon Tara  Read Replies (2) | Respond to of 18366
 
bob wrote: "Safe Harbour statements have no basis in my investment decisions"

The statement made by the CPA that was referenced in the U-T article was NOT a "safe harbour" statement.

It was a statement by the CPA doubting the viability of the company as a going concern. It's basically a statement on the part of the CPA that they do not see how the company can continue to exist. They are saying that the company has no financial viability.

This type of statement in an audit is very, very rare. CPA's don't like to make this type of statement, because it normally means the end of the relationship between the company and the CPA. (One way or the other. :) )



To: bob who wrote (10474)2/1/2000 8:58:00 AM
From: sdr  Read Replies (1) | Respond to of 18366
 
Bob, I think the float is closer to 50,000,000 - SDR



To: bob who wrote (10474)2/1/2000 10:58:00 AM
From: Starlight  Read Replies (1) | Respond to of 18366
 
Bob - Your post makes a very legitimate statement: There are risks here, we KNOW it, and we've chosen to take them. I guess some people don't understand why anyone would take a risk such as this, but you don't go into penny stocks to make 6-10% a year. You buy bonds for that. As I've said before, it's very wise to have a DIVERSIFIED portfolio. If you aren't diversified, you're at much greater risk. Meanwhile, if "all your bases are covered", why not go for a risky situation if the potential rewards are great.

Betty