Pharmagen Inc (PHRX)

[Teflon2Insults]

You going to keep trying to lie and decieve the same way?
I mean, you said the entire comment didn't exist in the 10 before!

No - continue as a going concern - means they don't think it will continue in business.
Thatere is no mention of raising capital...of which if there were, being a stockholder - or potential buyer - would be of total concern too....as that is how capital is raised. there is no chance of credit/baks...having a going concern paragraph in financials prohibits lending through most places to start...and of course there is that whole problem with it being a fraud....

Oh....even the auditor agrees, that before any NEW debt it can't pay it's current just regular bills.


As a result of our financial condition, our auditors have indicated in a footnote to our financial statements as of March 31, 2012 their [color=red][/color]uncertainty as to our ability to continue as a going concern[color=red][/color]. 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"