Pharmagen Inc (PHRX)

[Teflon2Insults]

Directly from it's sworn filing - no advertising conditions...just the facts - the known and tested facts.

"Going Concern

As a result of our financial condition, our auditors have indicated in a footnote to our financial statements as of March 31, 2012 their uncertainty as to our ability to continue as a going concern. In order to continue as a going concern we must effectively balance many factors and begin to generate sufficient revenue to fund our operations. If we are not able to do this we may not be able to continue as an operating company. At our current revenue and burn rate, our cash on hand will not cover our operating expenses for even the next thirty days. There is no assurance that our existing cash flow will ever be adequate to satisfy our existing operating expenses and capital requirements"