Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ARXA International (ARXA): Rapid Expansion imminent!!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: jim0z0 who wrote (433)	3/9/1999 7:04:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to 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!