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Re: machiavelli01 post# 7296

Thursday, 05/22/2003 12:43:11 PM

Thursday, May 22, 2003 12:43:11 PM

Post# of 219293
re: SEC and AMFR. While I think nearly all of these POS's should be investigated and properly vetted, it would seem that as long as they file with the ongoing concern notes and the references as to what is actually happening, the SEC could care less, especially as regards the pinks and pennies.

from the recent AMFR filing:

The Company has an accumulated deficit of $13,825,412 which, as well as current liabilities in excess of current assets of $4,260,729, raise substantial doubt about its ability to continue as a going concern.

Management is presently pursuing additional financing through borrowing and issuing shares to pay for expenses. In addition, the Company plans to increase sales volume with the introduction of its new retail product. Nationwide advertising will begin during 2003. The ability of the Company to achieve its operating goals and to obtain such additional finances, however, is uncertain. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of these uncertainties.


NOTE 3 - SUBSEQUENT EVENTS

Subsequent to March 31, 2003, the Company issued 581,000,000 shares of common stock for services.

NOTE 4 - COMMITMENTS AND CONTINGENCIES

Management has identified that the issuance of some shares of the Company's common stock to certain employees and non-employed consultants for services rendered during the periods ended March 31, 2003 and December 31, 2002 and 2001 were issued in violation of Section 5 of the Securities Act of 1933, as amended. The Company was in violation at March 31, 2003 and December 31, 2002 and issued stock subsequent to March 31, 2003 in violation. The Company may be subject to various actions and remedies as a result of these violations which, if made, could result in additional liability that could have a materially adverse effect on the Company's financial statements. The likelihood of such actions and remedies and the amount of any potential liability, if any, is not readily determinable. Accordingly, no related liability has been included in the accompanying financial statements.

**That little portion bespeaks volumes in regards to the ongoing dilution and real revenue stream. Shares are money.

We have been warned. But do we care?

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