Sunday, September 23, 2007 3:09:44 PM
"hope for the best, but prepare for the worst"
i have been long here since june,im not hoping for the worst, but i will prepare for the worst, and when i mean the worst, im talkign about the PRO FORMA financials.
i dont know how many of you actually know what PRO FORMA means.
PRO FORMA can exclude ANY expense to the company.
Deffinition from WIKI
The pro forma accounting is a statement of the company's financial activities while excluding "unusual and nonrecurring transactions" (unusual and nonrecurring expenses) when stating how much money the company actually made. Expenses often excluded from pro forma results include company restructuring costs, a decline in the value of the company's investments, or other accounting charges, such as adjusting the current balance sheet to fix faulty accounting practices in previous years.
sure we will see 8k fins but those are the PRO FORMA fins, i wonder if regular fins are as good? thats the REAL question here
this is dedicated to the CEOs of crappy penny stock scams
Dishonesty
Proverb 20:17 "What you get by dishonesty you may enjoy like the finest food, but sooner or later it will be like a mouthful of sand"
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